|Job Title:||Mortgage Underwriter|
We are currently seeking a Mortgage Underwriter for our Mortgage Centre at Corporate Office. Prospera\'s Underwriter drives smart growth through the review, analysis and assessment of borrowers\' financial information and property evaluation following established policies and procedure to safeguard our members and Prospera Credit Union. Do you have strong analytical skills, love working in a positive, team-oriented environment and like to get things done? Look no further and apply for this opportunity today!
What you\'ll do:
Co-ordinate, verify and analyze mortgage applications and ensure consistent, objective and sound credit decisions in a high-volume environment within prescribed service level agreements.
Approves mortgages within established lending policies and limits using good judgement to provide win-win solutions for members and the credit union.
Continuously monitors and maintains the mortgage application queue, accurately and in real time to ensure member expectations and deadlines are met and service level agreements are achieved.
Communicates regularly with Branch staff to ensure member satisfaction and expedite turnaround times.
What you\'ll need:
Experience in mortgage lending adjudication including lending to self-employed individuals
Excellent interpersonal skills, ability to quickly build a genuine rapport and work within and across teams to create the best solutions that will benefit members
Is agile, can shift gears quickly, stays focused and effectively responses to numerous diverse challenges and demands
Strong attention to detail
Can articulate clearly and professionally
Ability to read, analyze and comprehend financial statements and tax returns
Available to work Saturdays
Advanced skills with Microsoft Office
What\'s in it for you?
Inclusive, equitable and accessible workplace: where all team members are valued, respected and heard. We learn from each other\\\'s differences, gaining strength through our people and our perspectives
Career Advancement! We are committed to our employee\'s growth and development and we want to see you soar. There are a number of career pathing options this position leads to, let us be your springboard.
Fun & Camaraderie. We care deeply about our members and our employees and we want the hours you spend with us to be fun, rewarding and sometimes lighthearted. We like to work hard, play hard, have fun and be there for each other.
Show me the money! We also offer a competitive salary, flexible benefits program and a generous defined benefits pension plan.
Community Focused. We care about giving back to the communities we live, work and play in. We provide a paid volunteer day and many community minded activities throughout the year.
Grow your dream with us! Be part of exciting growth happening now at Prospera. Vision 2020 and our Vision, Purpose and Values guide our company and we want you to be part of it!
Apply today for our Underwriter opportunity at www.prospera.ca/careers
Your Career as a Mortgage Broker
To become registered as a mortgage broker, interested individuals must meet prescribed educational requirements. The Sauder School of Business Real Estate Division at the University of British Columbia provides a course offered through distance learning. For more information, please call 604-822-8444 or visit www.realestate.ubc.ca for the Mortgage Brokerage Licensing Program details.
The CMBA-BC also offers a practical course – the Canadian Mortgage Brokers Course – which provides participants with information currently not part of the UBC mortgage brokers’ course curriculum. This course is not mandatory. It is designed for new or soon-to-be mortgage brokers and will also be very helpful for people in related industries. It provides a clear picture of the processes involved in seeking and obtaining approval of mortgage financing. Please visit our Events Centre for more information on the CMBA-BC course.
Applicants must either complete or challenge the UBC course and then must register with the Financial Institutions Commission (FICOM). FICOM is the government body that regulates mortgage brokers and can be reached at 604-660-3555.
Frequently Asked Questions
Yes, you must register and obtain a license from FICOM prior to working as a mortgage broker. It is an offence to carry on the business of a mortgage broker in British Columbia without proper registration and licensing. Please refer to paragraphs above for details on educational requirements.
Mortgage Brokers are compensated on a commission basis so incomes vary widely from one individual to another. A successful mortgage broker will earn an income similar to other successful sales professionals.
While there is no regulation prohibiting this, most companies do not hire part time brokers. It is a challenging career that requires a high level of effort, knowledge and attention to detail. Most employers find that part time brokers are not able to devote the time and energy required to properly serve their clients’ needs in a professional manner.
Many different personalities can be successful but there some common skills and traits that most brokers have. Mortgage Brokers must be fluent in reading, writing and conversing in English. They require knowledge of mathematics to at least the high school level. Integrity is crucial when dealing with clients, financial institutions and other professionals in the real estate industry. Strong interpersonal and stress management skills help brokers deal with clients who are looking for calm guidance and timely answers about an important financial transaction.
A mortgage broker is generally a sales position and requires prospecting for clients. Most new mortgage brokers spend a great deal of time early in their career building a referral network of realtors, accountants, lawyers and other professionals who trust and refer clients to the broker. Over time successful brokers also build a large base of satisfied clients who refer friends and associates to the mortgage broker based on their own positive experience. Some mortgage brokers find advertising successful and some employers provide leads to new brokers.
The provincial regulator requires course completion through the Sauder School of Business. This course can be taken over the period of one year, with written exams at completion. Once you have passed your exams, you will need to find an employer, preferably with an CMBA-BC corporate member. (All graduates are required to work for an existing designated company for a minimum of two (2) years before independent office opportunities.) Once employed, you must submit your registration to FICOM for your license. Then it is time to Become A Member of CMBA-BC and start attending our educational and networking events. Let us help you launch your career!