Residential Underwriter

Who we are

Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. In 2024, Home Trust Company, Home Bank and Oaken Financial joined Fairstone Bank’s family of brands, alongside Fairstone, Eden Park and Fig. Together, we are the leading alternative lending bank in Canada, offering a diverse suite of products including residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending.

We serve newcomers, small-business owners, smart investors and savvy consumers.

Backed by nearly a century of lending experience through its legacy companies, Fairstone Bank and its brand family are Canada’s leading alternative lending bank.

Home Trust: 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 across the country. Building on the strength of its core residential mortgage lending business, the Company also offers complementary lending services and competitive deposit investment products through Oaken Financial. Our culture is shaped by the passion and integrity of our people.

The Residential Underwriter adjudicates mortgage applications by assessing prospective clients in accordance with the 5 C’s (Capacity, Capital, Collateral, Character, and Conditions). Assessing risk and ensuring all applications adhere to quality and service standards remains the overarching focus for this role.

• Make prudent credit decisions on complex mortgage files
• Receive, review, analyze and verify mortgage applications for completeness, accuracy, suitability and risk to ensure compliance with 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
• File Unusual Transaction Reports as applicable to fulfill individual employee obligations to detect and deter financial crimes activity; maintain consistent, objective and sound risk assessments in a high-volume, service-oriented environment
• Handle difficult interactions and unpopular decisions
• Analyze and underwrite residential mortgage applications, including assessment of the borrower, real estate security and loan terms and identifying any associated risk
• Negotiate, recommend and approve loan terms within Home Trust’s risk appetite
• Maintain accurate information and detailed notes on applications
• Prepare and issue conditional mortgage commitments according to negotiated and approved terms
• Review real estate appraisals for consistency with prevailing market conditions
• Review and verify the accuracy and completeness of required documentation submitted by brokers on more complex files
• Manage work volumes to meet short timelines and maintain exceptional customer service in a high-volume environment
• Work effectively with internal and external partners to underwrite quality transactions and provide a high level of service
• Remain current on industry developments and market trends to secure competitive advantage
• Lead by example and provide daily feedback and coaching to team members including Mortgage Officers
• Assist in training and onboarding new hires

• Post-secondary degree or diploma in a related area or discipline
• 3–5 years mortgage lending experience
• Strong understanding of residential mortgage products
• Proficient in adjudicating credit
What you’ll love about working here
• Award-Winning Culture: We’re proud to be recognized as a Great Place to Work Canada 2025 and one of Montreal’s Top Employers 2025
• Work-Life Balance: Hybrid work model designed to support your lifestyle
• Time to Recharge: Generous vacation based on role, statutory holidays, plus 6 wellness days
• Compensation Package: Competitive base salary plus an annual incentive bonus tied to performance
• Comprehensive Benefits: Health and dental coverage through Manulife and virtual healthcare through Dialogue
• Future-…