Manager, Residential Underwriting

Job title: Manager, Residential Underwriting

Job description: Home Capital Group Inc., together with its operating subsidiary Home Trust Company, has developed a track record of success as Canada’s leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products. Our culture has been shaped by the passion and integrity of our people. Home Trust is a wholly-owned subsidiary of Home Capital Group, trading on the TSX under the symbol HCG.

Position Responsibilities

• Lead and develop a highly capable and engaged workforce of credit professionals to ensure applications are decided upon within the company’s risk appetite and established service level agreements
• Regularly coach and develop direct reports and support employee development across the unit/company.
• Proactively identify and recommend solutions to process inefficiencies and closing weaknesses
• Meet all financial operating requirements including behaving in a fiscally responsible manner and in compliance with all internal operating control standards
• Appropriately actions QC and Loan Review findings at the UW level to ensure effective decision processes are maintained
• Support the Directors’ implementation/maintenance of underwriting standards and guidelines for existing and new products.
• Review, analyse and verify mortgage applications for completeness, accuracy, suitability and risk to ensure compliance with all aspects of Home Trust Company’s underwriting policies, procedures and guidelines per delegated authority matrices
• Adhere to applicable compliance obligations including Privacy, Anti-Money Laundering/Anti-Terrorist Financing and internal Anti-Fraud Policy requirements
• Ensure team members’ credit decisions are within acceptable standards through ongoing file reviews.
• Effectively manage UWs’ delegated lending authority to ensure authority is consistent with capability and capacity
• Cooperate with management and peers to drive the unit’s operations to a best practice operation within the constraints of the business and one that enables the company to serve its desired customer base in an efficient and effective manner
• Effectively partner with the Sales BDMs and other Operations groups to ensure a seamless as possible effective and efficient application and funding process
• Adhere to defined Service Level Agreement in acknowledging applications and following up on additional required information

Formal Education

• Post secondary degree or diploma required (University degree preferred) in related area

Related Experience

• 5-7 years leading a team within mortgage lending
• In depth understanding of residential mortgage products developed through experiences within a similar environment
• Significant experience in reviewing residential mortgage applications

Skills

• Leadership and people management
• Coaching and mentoring
• Collaborating
• Negotiating, influencing
• Professional maturity- exceptional
• Communication (verbal and written) – excellent

Position Complexities

• Some work beyond standard hours

Acknowledgement
All employees of Home Capital Group Inc. must comply with all applicable Home Capital Group Inc, Home Trust Company, and specific Line of Business policies, standards, guidelines and controls. Additionally, all employees are obligated to become familiar with Home’s risk management framework and understand the operational risk management requirements within their specific business. Employees are also expected to understand and comply with the Company’s Code of Business Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels (i.e. Ombudsman, Compliance Hotline, Whistleblower Policy, etc).

Company:

Expected salary:

Location: Toronto, ON

Job date: Mon, 07 Jun 2021 06:12:53 GMT