SEEING BEYOND NUMBERS™

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.
This role sits within Laurentian Bank.
The Mortgage Underwriter will have responsibility for the end to end mortgage adjudication process from origination to funding ensuring adherence to Laurentian Bank underwriting guidelines and operating procedures.

The Senior Residential Mortgage Underwriter is responsible for growing residential mortgage business from a designated portfolio of mortgage brokers and retail branches, as defined by objectives within a Balanced Scorecard (BSC), including:

• Financial Objectives; mortgage and secured line of credit product acquisition, customer acquisition, cross-sell, national financial plan met/exceeded.
• Operational Effectiveness: credit quality objectives, turn-around time, SLA adherence, compliance requirements, organized and efficient submissions of applications, etc.
• Customer: partner experience satisfaction

QUALIFICATIONS

• Proven track record in residential mortgage underwriting - credit authority limits must be provided
• Bilingual* (French/English) verbal and written communication skills are mandatory
• Excellent knowledge of both prime and alternative lending solutions, draw and construction financing
• Sound knowledge and expertise of credit and underwriting practices, and lending products
• Post-secondary degree or diploma in a related field and a minimum of 3 years of lender mortgage underwriting experience within the financial services industry
• Strong analytical skills and decision-making capabilities, including demonstrated ability to use initiative and good judgment
• Understanding of the financial services industry, its independent distribution channels, and the regulatory environment
• Results-oriented
• Excellent problem-solving and negotiation skills
• Strong aptitude for leadership and providing others with assistance
• High level of attention to detail and accuracy
• Excellent time management skills
• Must be proficient in MS Office (Word and Excel)
• Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.

RESPONSIBILITIES

• Contribute to the effective processing and approval of mortgage applications submitted from origination channel partners
• Determining and obtaining all pertinent credit information such as proof of income, down payment confirmation etc., and conducting appropriate due diligence in order to meet the bank’s credit and quality standards, including anti-money laundering and anti-terrorist financing standards and maintain the bank’s desired reputation with the public and regulators;
• Accurately inputting data to computer underwriting program and determine a “pass”, “fail” or “further consideration” decision for each mortgage application
• Within a designated discretionary limit for mortgage applications which are “passed” by the system, approve, decline, or present alternatives that meet bank’s Risk tolerance for mortgage transactions and recommend to a higher level those which are qualified for further review if the incumbent considers them to be credit worthy
• Issuing and following-up on customer mortgage commitments, outstanding conditions and fulfillment
• Obtaining Mortgage Insurer approval for insured loans
• Ordering and reviewing appraisals for all conventional mortgages
• Assembling, analyzing and ensuring receipt of all relevant information and documentation prior to onward submission of the file for timely instruction to solicitors
• Verifies data and information on mortgage applications to ensure accuracy
• Effectively communicating Bank lending policy and procedures, instilling a thorough knowledge of lending requirements, and qualifying parameters.
• Responsible for meeting all productivity measures and service levels
• Keeps up-to-date on applicable legislation, as well as on the Bank’s policies, programs, procedures and mortgage insurer policies

The Senior Residential Mortgage Underwriter is responsible for growing residential mortgage business from a designated portfolio of mortgage brokers and retail branches, as defined by objectives within a Balanced Scorecard (BSC), including:

• Financial Objectives; mortgage and secured line of credit product acquisition, customer acquisition, cross-sell, national financial plan met/exceeded.
• Operational Effectiveness: credit quality objectives, turn-around time, SLA adherence, compliance requirements, organized and efficient submissions of applications, etc.
• Customer: partner experience satisfactio