Commercial Mortgage Underwriter

About EQ Bank

EQ Bank is redefining the banking experience for nearly 4 million Canadians nationwide by offering a comprehensive suite of financial services, including banking, lending, trust, and credit union products. Since its establishment in 1970, the institution has consistently challenged traditional banking methods through smarter, faster, and more connected solutions, driven by inquisitive and innovative individuals committed to progress.

Role Overview

We are seeking a Commercial Mortgage Underwriter to join our innovative commercial team in Toronto. In this pivotal position, you will oversee the underwriting of both CMHC-insured and conventional commercial mortgages ranging from $2.5 million up to $150 million. Applying established policies alongside creative judgment, you will ensure compliance, enable efficient loan processing, and contribute to ambitious service and financial targets.

Key Responsibilities

• Underwrite and analyze commercial credit facilities with precision and creativity, ensuring adherence to lending guidelines while processing loans efficiently.
• Maintain open and effective communication daily with both external partners and internal teams to facilitate smooth processes and exceptional customer service.
• Manage multiple projects simultaneously by prioritizing tasks to adhere to strict deadlines and sustain an organized workflow.
• Execute various administrative and reporting functions that provide valuable insights supporting senior management’s strategic decisions.

Candidate Profile

• Bilingual abilities are advantageous but not mandatory.
• Demonstrated 4 to 5 years of experience in commercial mortgage underwriting.
• Strong commitment to delivering high-quality service in mortgage underwriting.
• Post-secondary education preferred, ideally a diploma or degree in business or finance.
• Proficient in Microsoft Office applications, especially Word and Excel.
• Excellent analytical thinking and problem-solving aptitude.
• In-depth understanding of secured lending and the commercial mortgage sector.
• Highly organized with superior ability to manage competing priorities.
• Effective time management skills with a focus on meeting deadlines.
• Outstanding oral and written communication skills.
• Active interest in staying informed about industry developments and attending relevant events.

Benefits and Work Environment

• Competitive discretionary bonus program.
• Leading Registered Retirement Savings Plan (RRSP) matching scheme.
• Comprehensive benefits package including medical, dental, vision, life insurance, and disability coverage.
• Employee Share Purchase Plan to foster ownership and participation.
• Maternity and parental leave top-up to support family care responsibilities.
• Generous vacation and personal day policies promoting work-life balance.
• Virtual events enabling connection and engagement among colleagues.
• Robust professional development and career advancement opportunities.
• An enriching chance to contribute to one of Canada’s foremost FinTech firms revolutionizing banking.

Equity, Diversity, and Inclusion

EQ Bank values inclusivity and accessibility, aiming to create a welcoming atmosphere where every employee feels esteemed and supported. We embrace diverse perspectives and are dedicated to fostering personal and professional growth. Our recruitment process is barrier-free, with accommodations available on request. We also incorporate responsible use of artificial intelligence in selection processes with human oversight to ensure fairness and transparency.

Additional Information

Applicants must successfully complete criminal background and credit checks as part of the hiring process. EQ Bank serves as the parent company of Equitable Bank, the seventh-largest Schedule I bank in Canada, managing around $150 billion in combined assets.