Underwriter

Our client, a Top 5 Bank in Canada is looking to hire an Underwriter to their team for an initial 6-month contract with a possibility of extension/conversion. This role is currently hybrid, 1-2 days a month in office in Toronto. You will be responsible for supporting the review and approval of residential mortgage and real estate applications. As an Underwriting Analyst, you will play a crucial role in ensuring that applications are processed in a timely and effective manner, following established guidelines and authorized lending limits. Responsibilities Include: Evaluate residential mortgage and real estate applications by meticulously reviewing documentation and information provided, ensuring alignment with CIBC risk parameters and applicable insurers' guidelines. Utilize negotiation skills to make informed decisions on applications, including approval, recommendation, or decline, adhering to established processes and authorized lending limits. Conduct thorough risk assessments and prepare comprehensive recommendations for Manager or senior underwriter consideration when dealing with residential mortgage applications that surpass the established authority limit. Manage correspondence and inquiries from internal business partners and external stakeholders such as insurers, appraisers, and solicitors. Cultivate effective working relationships to facilitate the underwriting process. Demonstrate strong analytical skills in gathering, reviewing, and assessing credit information. Ensure that all credit applications meet quality standards and comply with established guidelines. Work efficiently in a fast-paced environment, managing high work volumes and meeting short timelines. Demonstrate adaptability by reviewing a variety of lending products on a daily basis while maintaining a high level of due diligence and quality in underwriting processes. Must Have Qualifications: 2-4 Years Retail mortgage underwriting experience. Mostly residential Mortgages. Experience in reviewing and evaluating documents (income, down-payment, offers, etc.) Experience in exceptions rational (*they will be making exceptions themselves) Good Understanding of risk mitigation Nice to Have: Any broker or underwriting course experience Outlook and Excel skills A university Degree Familiarity with Canadian Rules and Regulation.