The core parts of your role would be to:
- 70% On a daily basis, the incumbent will analyze and underwrite annual reviews for mortgage loans within the CMHC-insured portfolio. This will include the initial migration of existing loans to a new underwriting platform. Attention must be made to ensure compliance with the company’s established lending guidelines and procedures. The incumbent will submit prepare an annual review submission for approval by management.
- 20% On a daily basis, the incumbent will communicate with external contacts (origination partners) and internal contacts (managers, administrators, and other commercial mortgage staff) to ensure that annual reviews are processed in a timely and efficient manner.
- 10% On a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines.
Let's Talk About You!
- Bilingualism is an asset
- Minimum 2 years commercial mortgage experience and/or SFR underwriting experience
- Demonstrated service excellence within their field
- Post-secondary education (diploma/degree) preferred , preferably in business or finance
- Good working knowledge of MS Office (primarily Word and Excel)
- Effective analytical and problem solving skills
- Established organizational skills
- Ability to handle multiple competing priorities
- Good time management skills
- Excellent communication skills, both oral and written
Job Complexities/Thinking Challenges
- The position requires the incumbent to be a self-starter and make sound underwriting decisions as efficiently as possible. Commercial mortgage reviews can be complex in nature, requiring creative and innovative thinking and proactive problem solving. The incumbent is required to follow corporate policies, procedures and regulatory requirements in order to work through files and rationalize the recommendations or decisions made. In some cases, viability is assessed with limited access to information or documentation.
Top Skills
What We Do
MakeBank on everyday banking: Earn high interest on every dollar Say no to fees No minimum balances Powered by Equitable Bank, a Schedule I Canadian Bank EQB Inc. (formerly Equitable Group Inc.) trades on the Toronto Stock Exchange (TSX: EQB and EQB.PR.C), directly serves over 607,000 Canadians through its wholly owned subsidiary Equitable Bank, Canada's Challenger Bank™, and serves over 200 Canadian credit unions that serve over 6 million of their members with products and services. Equitable Bank has grown to become Canada's 7th largest independent Schedule I bank with over a $119 billion in assets under management and assets under administration, and a clear mandate to drive real change in Canadian banking to enrich people's lives. At Equitable Bank, we are as invested in our employees as we are in our business. That’s why we are consistently recognized as one of Canada's Top Employers – a rating that comes from our 1,800 employees. Equitable Bank’s inclusive, welcoming, and pride-inducing workplace earned it the honour of being recognized as one of the top 50 organizations on the 2023 list of Canada’s Best Workplaces™. Founded over 50 years ago, Equitable Bank provides diversified personal and commercial banking, and through its EQ Bank platform (eqbank.ca), which has been named #1 Bank in Canada for three consecutive years on the Forbes World's Best Banks list for 2021, 2022, and 2023. Equitable Bank website: www.equitablebank.ca EQ Bank website: www.eqbank.ca Specialties Lending, Mortgages, Residential Lending, Commercial Lending, Reverse mortgages, Insurance lending, Equipment leasing , Credit Union, Trust, and Funds Management
