Residential Underwriter - Accelerator

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. Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, Eden and Fig.

Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners’ growth. With a diverse suite of products—residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending—we offer financial solutions tailored to all Canadians, including 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 proud to be 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 branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people.

Join Home Trust as a Residential Underwriter - Accelerator and be part of our talented and growing team!

About the role:

The Residential Underwriter - Accelerator will adjudicate 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 both quality and service standards remain the overarching focus for this role.

Key responsibilities:

Risk and Compliance (40%)

• Receive, review, analyze 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

• Interact with Mortgage Insurers where applicable to complete credit lending decisions

• Maintain strong knowledge of Mortgage Insurer Guidelines and lending criteria

• 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

File Management (30%)

• Analyze and underwrite residential mortgage applications, including an assessment of the borrower, real estate security and loan terms as well as 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, which outline all conditions that must be met to Home Trust’s satisfaction

• Review real estate appraisals for consistency with prevailing market conditions

• Review and verify the accuracy and completeness of required documentation submitted by the broker as required on more complex files

Pipeline and SLA Management (20%)

• Manage work volumes to meet short timelines, build and maintain exceptional customer service levels in a high-volume environment

• Work effectively with all internal and external business partners to underwrite quality transactions and provide a high level of service

• Remain current on latest developments within industry and market trends to secure competitive advantage

Leadership (10%)

• Lead by example and provide daily feedback and coaching to team members including Mortgage Officers

• Assist in training and onboarding new…