Residential Mortgage Underwriter, Specialized Credit

About the role

Join a Challenger

EQ is a financial institution dedicated to advancing the financial well-being of Canadians. With a presence across the country, we serve close to four million individuals and businesses. Our comprehensive suite of services includes banking, lending, trust administration, and credit union solutions. For more than fifty years, we have questioned the status quo in the banking sector. Our mission is to deliver smarter, faster, and more connected financial experiences.

Our progress is driven by people. We seek challengers who are not afraid to question the norm. These individuals actively look for superior methods and push the boundaries of conventional thinking. If you are ready to contribute to a transformative vision for Canadian banking, a new path awaits you.

The Work

The Residential Mortgage Underwriter, Specialized Credit plays a critical role in our lending operations. This position is responsible for a complete review of all incoming residential mortgage applications. The core function is to assess risk and issue formal mortgage commitments. You will manage the collection of all necessary documentation. The goal is to advance files to the solicitor instruction stage efficiently. This must be accomplished while adhering to strict internal guidelines. Sound professional judgment is essential to balance risk management with service quality.

Key Responsibilities

You will organize and verify initial mortgage applications. This step ensures all applicant information is accurate before deeper analysis. A key task is designing conditional approval decisions. These decisions must align with bank policy and protect institutional interests. You will act as a liaison with legal representatives. This coordination ensures the timely collection of any missing records.

Creating clean commitment packages is a primary duty. These packages must meet our internal standards and regulatory requirements. Collaboration with credit and legal teams is necessary to resolve any flagged items. This partnership keeps the mortgage pipeline moving at a steady pace. You will also provide direction to junior team members. This mentorship involves explaining correct guideline application through practical examples.

Adapting workflow procedures is required to reflect local market conditions. This must be done without deviating from core bank policies. You will use tracking systems to update file statuses. This practice ensures that all stakeholders have current information.

Requirements

Candidates must have a minimum of three years of experience in residential mortgage underwriting. Proven judgment is required to manage the tension between risk control and market competitiveness. You must follow detailed procedures for documentation and valuation. Compliance checks must be executed promptly and accurately. The ability to manage multiple active commitments is mandatory. Adherence to established bank guidelines is non-negotiable.

Compensation and Location

This is a full-time position located in Toronto. The annual compensation range is $96,926.00 to $128,765.00.

Practical Notes

Please confirm all details on the official application page. We encourage you to apply if you are ready to challenge the traditional banking model alongside us.

What you'll do

• Perform comprehensive reviews of residential mortgage applications to determine risk exposure.
• Assess the completeness and accuracy of submitted documentation before proceeding.
• Design conditional approval decisions that align with bank policy and institutional safeguards.
• Act as a primary liaison with legal representatives to facilitate the timely collection of records.
• Create clean and organized commitment packages that adhere to regulatory standards.
• Collaborate with credit and legal teams to resolve flagged items and clear bottlenecks.
• Provide mentorship to junior team members by explaining correct guideline application.
• Adapt workflow procedures to reflect local market dynamics while maintaining policy integrity.
• Utilize tracking systems to update file statuses and ensure stakeholder awareness.
• Balance risk control measures with the need to remain competitive in the market.
• Follow detailed procedures for documentation and valuation without deviation.
• Execute compliance checks promptly and with a high degree of accuracy.
• Manage multiple active commitments effectively to maintain pipeline velocity.

Requirements

• Hold a minimum of three years of experience in residential mortgage underwriting.
• Demonstrate proven judgment in managing the tension between risk control and market competitiveness.
• Adhere strictly to detailed procedures for documentation and valuation.
• Execute compliance checks promptly and accurately in all scenarios.
• Possess the ability to manage multiple active commitments simultaneously.
• Maintain non-negotiable adherence to established bank guidelines.
• Show a strong commitment to advancing the financial well-being of Canadians.
• Thrive in an environment that challenges the status quo and encourages innovation.

Nice to have

• Experience within a challenger bank or a similarly innovative financial institution.
• Familiarity with advanced tracking systems used for mortgage file management.
• Prior mentorship experience guiding junior staff in a financial services setting.
• Knowledge of regional variations in mortgage regulations across Canadian provinces.

Practical notes

This is a full-time position located in Toronto. The compensation range is specified as $96,926.00 to $128,765.00 annually. Please confirm all details on the official application page. We encourage you to apply if you are ready to challenge the traditional banking model alongside us.