Credit Analyst

You will be responsible for underwriting home loans applications completed by our Mortgage Brokers based on established eligibility and due diligence guidelines. The Credit Manager will be responsible for reviewing and verifying mortgage applications along with supporting documents, auditing for red flags, analyzing financial risk and requesting additional information or documentation as necessary to give a firm decision to protect the interest of borrower as well as organisation from any associated risk. You will also be responsible to provide professional advice to our Mortgage Brokers in quick and efficient manner. Your responsibilities will include but are not limited to:

• Collaborating with both the agent/Broker and Lender desk to ensure applications are completed, decisioned and disbursed in a timely manner
• Validating Borrower provided information and documents to ensure each application is error free and complete prior to signing off on any mortgage conditions or documents
• Able to understand Credit Bureau reports to verify the information provided by client, in order to ensure accuracy
• Reviewing income documents, bank statements, tax returns to and analyzing for accuracy, discrepancies and mitigating fraud
• Understanding Mortgage products and industry guidelines, including mortgage terminology and calculations to gain an ability to offer multiple products to agents as per eligibility
• Ability to identify and make recommendations for approval policy exceptions
• Completes a thorough analysis of loan files to determine compliance with organisation, lender and regulatory guidelines
• Mitigating Lenders risk by conducting a thorough and prudent review of each application and analyzing borrowers creditworthiness and ability to repay the loan as agreed for the terms requested
• Prepares and issues mortgage commitments and other Pegasus documents with appropriate conditions within established service level agreements/turnaround times
• Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager
• Responds to post-closing reviews and audits in a timely manner
• Check the accuracy of all calculations and data integrity
• Maintains organisation standard for productivity by managing high volumes with a continued focus on service excellence
• Staying knowledgeable about market trends, emerging issues, evolving regulations and industry codes of conduct as well as participate in process improvement opportunities to protect the interests of the organization
• Strive to achieve productivity targets and going beyond to set new benchmarks
• Participate fully as a team member, help build a positive and diverse work environment, willingly assist and mentor others in the completion of work activities

Job Requirements:

• 4 year post secondary diploma or degree in Finance, or related field
• 3-5 years of underwriting or credit and risk analysis experience
• 3-5 years working with Home Loans Credit adjudication will be preferred
• 3-5 years work experience in Banking, Credit or Investments
• Experience with both refinance and purchase preferred
• Sound working knowledge of industry, legal and regulatory guidelines
• Highly organised and able to prioritize
• Excellent interpersonal, written and verbal communication skills
• Customer service orientation with an innate sense of service and empathy for others
• Detail oriented with strong data analysis skills and high mathematical aptitude
• Proficiency in Microsoft office and automated underwriting systems

Other Requirement:

• A desktop workstation based on our specifications with 2 hours battery backup
• A headset microphones
• Internet with backup power
• Electricity backup (Ups/Generator/Others)
• Dedicated area/separate room for work

Schedule:

Eastern Standard Time (Toronto time)

Monday to Friday 9:00 AM to 6:00 PM