Mortgage Underwriter

Position Summary

This role is based out of the Vancouver office; candidates not currently located nearby must be willing to relocate within commuting distance. The Mortgage Underwriter evaluates mortgage applications to ensure they adhere to credit policies, regulatory standards, and lending rules, assessing borrower data, collateral, and supporting documentation to make informed credit decisions and recognize risks requiring escalation. Collaboration with brokers, insurers, business development teams, and other internal groups is crucial.

Key Responsibilities

• Review and adjudicate mortgage loan applications to confirm compliance with legislation and Peoples Bank policies.
• Coordinate information gathering to consistently analyze credit applications, making sound and objective credit decisions.
• Work with mortgage default insurers and appraisal services to validate that collateral satisfies bank requirements.
• Prepare and submit insightful written recommendations regarding credit decisions to senior management.
• Meet designated productivity and service targets consistently.
• Verify application data through third party contact, including employment confirmation and employer/business verifications.
• Address escalated credit challenges, respond to queries from clients and internal teams, communicate decisions clearly, and escalate issues to management when necessary.
• Stay informed on legislation such as OSFI B20 guidelines, corporate policies, and insurer requirements.
• Assist in underwriting-related special projects and other operational duties as needed.

Qualifications

• Post-secondary education in a related discipline is advantageous.
• A minimum of 2-3 years' experience in lender mortgage underwriting or mortgage lending within financial services.
• Strong knowledge of credit adjudication, underwriting methods, and loan products.
• Excellent interpersonal skills, organization, and time management capabilities.
• Familiarity with the financial services sector, including distribution methods and regulations.
• Ability to manage tight deadlines and maintain composure under pressure.
• Highly detail-oriented with accuracy in work.
• Effective written and verbal communication skills.
• Capable of working autonomously and collaboratively within teams.
• Flexible and adaptable to change.
• Proficient with computers and relevant software.

About Peoples Group

Peoples Group is a trusted financial services organization partnering with innovative sectors shaping Canada's economic future. With offices in Vancouver, Calgary, and Toronto, it collaborates with challenger banks, fintechs, brokers, and merchants to cultivate a competitive financial environment. The corporate culture emphasizes grit, collaboration, client focus, and accountability, valuing meaningful relationships and individual strengths.

Work Environment

Employees experience a flexible and hybrid setting, balancing time between the office and remote work, typically during standard business hours, Monday through Friday, 8:30 AM to 5:00 PM.

Compensation & Benefits

• Hybrid workplace supporting work-life balance.
• Competitive salary range from $70,000 to $80,000 annually based on expertise and experience.
• Paid time off allowance promoting a healthy balance between work and personal life.
• A strengths-based approach fostering effective teamwork.
• Comprehensive well-being support covering financial, physical, social, career, and community aspects.

Additional Information

This listing is for a current vacancy. Peoples Group is an Equal Employment Opportunity employer committed to diversity and inclusion. Applicants requiring accommodations in the selection process are encouraged to reach out. Only candidates being actively considered will be contacted.