Manager, Residential Underwriting

at  Home Trust Company

Company Profile
Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 850 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.
The Residential Lending business unit works directly with brokers and borrowers to offer a variety of solutions while providing outstanding service to our clients. As a key segment of Home Trust’s business, our focus will remain on core residential products as we position ourselves for continued success. We drive business volumes consistent with our risk appetite, adhering to the Company’s legislative and regulatory requirements, and supporting key business objectives to enhance employee engagement and capability while fostering a culture of respect, trust and integrity.
What We Offer
Home Trust’s hiring range for this role is $90,000 - $110,000, annually, commensurate with your education and job-related knowledge, skills, and experience. We base our salary ranges on localized market data ensuring competitive compensation. In addition to base salary, we offer annual bonus dependent on individual, team and company performance, and an 8% (match) RRSP contribution.
Position Overview
Manager, Mortgage Underwriting leads a group of underwriting professionals, ensuring adjudication of mortgage applications are in accordance with the 5 C’s (Capacity, Capital, Collateral, Character, Conditions). Assessing risk and ensuring all applications adhere to both quality and service standards remain the overarching focus for this role through coaching and mentoring their respective team. The role is an important part of the company’s operation and is expected to partner with the business to responsibly growth the company’s portfolio within the context of the business objectives
Position Responsibilities
Lead and develop a highly capable and engaged workforce of credit professionals to ensure applications are decided upon within the company’s risk appetite and established SLA’s
Regularly coach and develop direct reports and support employee development across the unit/company.
Meet all financial operating requirements including behaving in a fiscally responsible manner and in compliance with all internal operating control standards
Monitor productivity and workflow to ensure optimal team efficiency and quality in adjudicating prospect applications
Refine, deliver and promote underwriting processes and best practices in support of a culture of service excellence
Appropriately actions post funding review and Loan Review findings at the Underwriter and Mortgage Officer level to ensure effective decision processes are maintained
Support the Directors’ implementation/maintenance of underwriting standards and guidelines for existing and new products.
Review, analyze and verify mortgage applications for completeness, accuracy, suitability, and risk to ensure compliance with underwriting policies, procedures, and guidelines
Adhere to compliance obligations including Privacy, Anti-Money Laundering/Anti-Terrorist Financing, and internal Anti-Fraud Policy requirements
File Unusual Transaction Reports as applicable to fulfil individual employee obligations to detect and deter financial crimes activity
Effectively manage Underwriters’ delegated lending authority to ensure authority is consistent with capability and capacity
Ensure team members are adhering to assigned Service Level Agreements for each underwriting and fulfillment process.
Effectively partner with the Sales BDMs and other Operations groups to ensure an effective and efficient application and funding process
Formal Education
Post secondary degree or diploma required (University degree preferred) in related area

Related Experience

• 5-7 years leading a team within mortgage lending
• In depth understanding of residential mortgage products developed through experiences within a similar environment
• Significant experience in reviewing residential mortgage applications

Skills
Leadership and people management
Coaching and mentoring
Collaborating
Negotiating, influencing
Professional maturity- exceptional
Communication (verbal and written) - excellent
Position Complexities
Some work beyond standard hours
Acknowledgement
All employees of Home Trust Company must comply with all applicable Home Trust Company, and specific Line of Business policies, standards, guidelines and controls. Additionally, all employees are obligated to become familiar with Home’s risk management framework and understand the operational risk management requirements within their specific business. Employees are also expected to understand and comply with the Company’s Code of Business Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels (i.e. Customer Complaints Appeals Office (CCAO), Compliance Hotline, Whistleblower Policy, etc).
Home Trust is committed to fair and accessible employment practices and we are committed to providing accommodations for persons with disabilities. If you require accommodations in order to apply for any job opportunities, or require this posting in an additional format, please contact us at humanresources@hometrust.ca or 416-360-4663. If you are contacted by Home Trust regarding a job opportunity or testing and require accommodation in any stage of the recruitment process, please use the above contact information. We will work with all applicants to determine appropriate accommodation for individual accessibility needs

Please refer the Job description for details