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mortgage underwriter

Posted on May 08, 2025 by Employer details Rebel Mortgage Ltd.

Job details

Rebel Mortgage Ltd. is an independently owned and operated FSRA-licensed brokerage that partners with over 40 lenders, including 4 of the Big Six banks. We specialize in tailored mortgage solutions for a diverse range of clients?including those requiring alternative lending and high-LTV strategies. We are growing and seeking a results-driven, detail-oriented *Mortgage Underwriter* with a strong understanding of both *prime (A-side)* and *alternative/private (B/C-side)* lending practices in the Canadian mortgage landscape. *Key Responsibilities:* * Review and assess residential mortgage applications in accordance with lender guidelines, insurer policies (CMHC, Sagen, Canada Guaranty), and FSRA compliance standards. * Evaluate applicants' credit profiles, income sources (salaried, self-employed, commissioned), liabilities, and overall risk. * Underwrite and structure deals for both A-side and B/C-side submissions, identifying the best lender fit for each client?s unique profile. * Verify documents including NOAs, T1 Generals, T4s, bank statements, employment letters, and business financials. * Calculate GDS/TDS ratios and confirm income suitability per institutional and alternative lending guidelines. * Collaborate closely with Mortgage Agents, Broker Fulfillment Staff, and Lenders to gather missing documentation and manage time-sensitive approvals. * Draft detailed submission notes for lender review, ensuring files are packaged professionally and efficiently. * Stay current with changes in lending policy, rate trends, and regulatory developments impacting mortgage underwriting. * Assist in maintaining pipeline tracking, lender response coordination, and client file documentation. *Qualifications & Experience:* * Minimum 2?3 years of mortgage underwriting experience in a brokerage or lender environment (Canadian market required). * Strong working knowledge of B-lender programs, including Home Trust, Equitable Bank, Community Trust, Haventree, MCAN, and other alternative/private lenders. * Understanding of A-lender and insurer guidelines (TD, Scotiabank, Merix, Sagen, CMHC, etc.). * Proficiency in calculating complex income types and identifying document red flags. * Strong command of submission portals (e.g., Filogix/Expert, Finmo, Velocity). * Excellent communication, organization, and time management skills. * Familiarity with mortgage compliance standards and provincial regulations (particularly FSRA and MBLAA). * Ability to work independently while maintaining accountability and team alignment. *Preferred:* * Previous experience working directly with clients, mortgage agents, lawyers, and real estate professionals. * Background in self-employed or complex-income underwriting is a strong asset. * Exposure to private lending structuring and investor-funded mortgage deals. *What We Offer:* * Supportive and collaborative team environment * Access to tools and resources to streamline underwriting * Opportunity to grow with a rapidly expanding brokerage * Competitive compensation structure based on experience and performance bonuses Job Types: Full-time, Part-time, Freelance Pay: $34,000.00-$95,000.00 per year Expected hours: 20 ? 35 per week Additional pay: * Bonus pay * Commission pay Benefits: * Casual dress * Dental care * Flexible schedule * Life insurance * Vision care Flexible language requirement: * French not required Schedule: * Monday to Friday * Weekends as needed Experience: * mortgage underwriting: 1 year (required) Language: * English (required) Licence/Certification: * Mortgage Agent Level II, or Brokers License (required) Work Location: Hybrid remote in Barrie, ON L4N 6N5 Expected start date: 2025-06-01