Home Trust Company
Home Trust is Canada’s leading alternative mortgage lender, employing nearly 1,000 people in our Toronto headquarters and branches across the country. Our vision is to be Canada’s market leader in alternative-based financial services solutions. Building on the strength of our core residential mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products through Oaken Financial, and Home Bank. Our culture has been shaped by the passion and integrity of our people, and we are guided by our mission and belief that every Canadian deserves a home and the opportunity to prosper. Home Trust is a wholly-owned subsidiary of Home Capital Group,
which trades on the TSX under the symbol HCG.
Commercial Underwriting provides a high level of expertise in the administration of HTC’s commercial mortgage underwriting business. It is responsible for the origination and administration of new and existing loans and for ensuring the adherence of commercial credit policy, standards and guidelines, while fostering a culture of respect, trust and integrity.
Risk and Compliance (30%)
Review, analyse 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
Adhere to applicable compliance obligations including Privacy, Anti-Money Laundering/Anti-Terrorist Financing and internal Anti-Fraud Policy requirements must remain the over-arching focus in carrying out one’s responsibilities
File Unusual Transaction Reports as applicable to fulfil individual employee obligations to detect and deter financial crimes activity.
Maintain consistent, objective and sound risk assessments in a high volume, service-oriented environment
Operational Excellence/File Management (50%)
Underwrite and analyze applications while reviewing data for integrity and accuracy
Complete underwriting analysis of commercial mortgage transactions for multi-residential, non-residential and construction facilities including detailed analysis of the borrower, real estate security and loan terms as well as identifying any associated risks
Prepare and issue conditional mortgage commitments outlining all conditions that must be met to Home Trust’s satisfaction and according to negotiated and approved terms
On every transaction, review, assess suitability, risks & complete due diligence requirements, and adjudicate commercial mortgage transactions in accordance with Home Trust’s risk appetite using appropriate level of delegated lending authority for decisions
Maintain clean OSFI and Internal Audit reports
Provide guidance and decision making to support the origination teams to solve problems
Manage and remediate all internal audit and other audit findings as required
Maintain a pipeline of all transactions and a list & file of all transactions amended or declined or approved
Complete the approval and underwriting of files assessed within the target amount of time
Complete the underwriting of approved commercial mortgages maintaining level of quality and standards required by Home being accurate and complete and providing sound risk assessments with files well documented following Home’s policies, guidelines and procedures and meeting Home’s post-funding (i.e. closing documentation) and ERM quality assurance requirements
Ensure the information recorded in the SAM system for all commercial mortgages is consistently accurate and complete
Adhere to defined Service Level Agreement in acknowledging applications and following up on additional required information;
Work effectively with all internal business partners to improve underwriting systems to maximize effectiveness and achieve excellence;
Remain current on latest developments within industry and market trends to secure competitive advantage
- Post secondary degree or diploma required (University degree preferred) in related area
- Certification(s)/Designation(s) preferred
• 3-5 years with mortgage lending
• Strong understanding of commercial mortgage products
• Proficient in adjudicating credit, reviewing and assessing third party reports
- Bilingualism an asset
- Some work beyond standard hours
All employees of Home Capital Group Inc. must comply with all applicable Home Capital Group Inc, Home Trust Company, and specific Line of Business policies, standards, guidelines and controls. Additionally, all employees are obligated to become familiar with Home’s risk management framework and understand the operational risk management requirements within their specific business. Employees are also expected to understand and comply with the Company’s Code of Business Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels (i.e. Ombudsman, Compliance Hotline, Whistleblower Policy, etc).
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