Souscripteur hypothécaire principal, Alt A
National Bank of Canada · Canada
- Hybrid
- Full-time
- CA$95,000 / year
- Canada
Job highlights
- Underwrite complex Alt A mortgage applications.
- Assess risk and establish loan parameters.
- Ensure compliance with industry regulations.
- Develop creative, client-focused solutions.
- Mentor junior documentation agents.
About the role
About Optimum Hypotheque
Optimum Hypotheque, a subsidiary of National Bank of Canada, is a full-service lender offering customized financing solutions to meet our clients' needs. We provide a variety of products, including flexible alternative mortgage solutions, for clients who do not meet traditional criteria, such as the self-employed, commission-based individuals, or those with a weakened credit history. The Optimum Hypotheque team is currently seeking full-time underwriting experts to join our team! Our mortgage underwriters are proud of the 'Resolution and Customer Service' distinctions they have earned. They are constantly focused on personal and professional development. The successful candidate at Optimum Hypotheque demonstrates strong risk assessment skills, using established criteria and current legislative guidelines. You show creativity in underwriting with a client-centered approach. Mortgage solutions are at the heart of our thinking, and clients appreciate our underwriting experts for this reason!
Your Role
Analytical and Rigorous Assessments: Provide detailed analytical and rigorous assessments to produce sound credit decisions for complex and sophisticated Alt A mortgage applications.
Sales Orientation: Establish profitable, low-risk parameters for loans, pricing, terms, and conditions of mortgages, while valuing the success of internal and external clients.
Risk Appetite: Maintain a high level of vigilance and excel in adhering to market risk appetite, while complying with National Bank policies.
Compliance: Effectively analyze and evaluate supporting documentation provided by clients and brokers, while respecting industry compliance obligations, including personal information protection, anti-money laundering and terrorist financing, internal fraud policies, and KYC requirements.
Innovative Solutions: Exceed expectations and demonstrate creativity to design flexible and unique solutions for clients, while respecting NBC policies and guidelines.
Mentorship: Provide mentorship to support mortgage documentation agents.
Composure: Maintain daily operations in a dynamic, sales and customer service-driven environment.
Your Team
As a member of a client-focused team, you are dedicated to providing exceptional service and achieving the best results for clients, regardless of their financial situation. With the support, training, and resources available to you to grow, you will make a tangible impact while advancing your career. Reporting to the Mortgage Underwriting Manager, you will join a dynamic group of underwriters.
Requirements
- Education: Post-secondary education in commerce, finance, or business administration, or equivalent experience.
- Knowledge: Minimum of five years of experience in Alt A underwriting or lending. Alt A underwriting experience is essential.
- Expertise: Strong understanding of insurer guidelines (CMHC and Sagen).
- Skills: Excellent computer skills and proficiency in applications (Word, Excel, etc.).
- Relationship Builder: Excellent interpersonal and customer service skills. Demonstrated communication via email and phone. Analysis and adjudication of Alt A credit applications submitted by brokers.
- Priorities: Constant ability to thrive in a sophisticated and diverse organizational environment, managing multiple tasks calmly and with a sense of humor, even under pressure.
- Time Management: Consistent focus on maintaining efficient processing times, with great attention to detail when handling all documentation and requests, while ensuring exceptional communication with referral sources.
Key skills/competency
- Alt A Underwriting
- Risk Assessment
- Credit Analysis
- Mortgage Solutions
- Client-Centric Approach
- Compliance
- Problem Solving
- Relationship Building
- Time Management
- Attention to Detail
Skills & topics
- Mortgage Underwriter
- Alt A Lending
- Risk Assessment
- Credit Analysis
- Underwriting
- Mortgage Broker
- Finance
- Banking
- Loan Processing
- Canadian Banking
How to get hired
- Tailor your resume: Highlight your 5+ years of Alt A underwriting experience and specific achievements in risk assessment and credit analysis for National Bank of Canada.
- Showcase your skills: Emphasize your expertise in mortgage solutions, client-centric approach, and compliance knowledge relevant to the Principal Alt A Mortgage Underwriter role.
- Prepare for interviews: Be ready to discuss how you handle complex Alt A applications, manage risk, and provide innovative solutions, referencing your calm demeanor under pressure.
- Understand the company: Research National Bank of Canada's values and Optimum Hypotheque's focus on client success and personalized financing.
Technical preparation
Behavioral questions
Frequently asked questions
- What is considered 'Alt A' in mortgage underwriting at National Bank of Canada?
- At National Bank of Canada's Optimum Hypotheque, 'Alt A' refers to mortgage solutions for clients who may not fit traditional lending criteria. This includes self-employed individuals, commission-based earners, or those with less-than-perfect credit histories. The Principal Alt A Mortgage Underwriter role focuses on assessing these complex cases.
- What are the key responsibilities of a Principal Alt A Mortgage Underwriter at Optimum Hypotheque?
- The Principal Alt A Mortgage Underwriter is responsible for conducting detailed risk assessments, making sound credit decisions on complex Alt A mortgage applications, establishing profitable and low-risk loan parameters, ensuring compliance with all regulations, and developing creative solutions for clients. You will also mentor junior team members.
- What specific experience is essential for the Principal Alt A Mortgage Underwriter position?
- Essential experience includes a minimum of five years in Alt A underwriting or lending. A strong understanding of insurer guidelines from CMHC and Sagen, as well as excellent computer proficiency in applications like Word and Excel, are also crucial.
- How does National Bank of Canada foster professional development for its underwriters?
- The job description highlights that the team is constantly focused on personal and professional development. Underwriters are provided with the support, training, and resources needed to evolve, enabling them to make a tangible impact and advance their careers within Optimum Hypotheque.
- What kind of work environment can I expect as a Principal Alt A Mortgage Underwriter?
- You can expect a dynamic, sales and customer service-driven environment within a client-focused team. The role requires maintaining daily operations calmly and with a sense of humor, even under pressure, while managing multiple tasks efficiently.
- How important is client-centricity in this role at Optimum Hypotheque?
- Client-centricity is paramount. The role emphasizes creativity in underwriting with a client-centered approach, designing flexible and unique solutions, and valuing the success of both internal and external clients. The team is dedicated to providing exceptional service.
- What are the 'Resolution and Customer Service' distinctions mentioned for the underwriting team?
- These distinctions highlight the team's commitment to problem-solving and delivering excellent customer service. They reflect the underwriters' pride in their ability to effectively resolve client needs and provide outstanding support throughout the mortgage process.