Senior Mortgage Underwriter (Private Mortgages)

JOB DESCRIPTION

Reports To

Director of Underwriting

Location

Remote / Home Office

Employment Type

Full-Time, Permanent

About CMI Financial Group

CMI Financial Group is a leading Canadian private mortgage lender and asset management platform, originating through the mortgage broker channel across Ontario, British Columbia, Alberta and Quebec. CMI manages approximately $1 billion in assets across a family of Mortgage Investment Corporations, limited partnership vehicles and institutional special purpose vehicles, serving retail, accredited and institutional investors.

About the Opportunity

CMI Financial Group is seeking an experienced and highly motivated Senior Mortgage Underwriter to join our Mortgage Services Corporation team. The successful candidate will assess, analyze, structure and adjudicate residential mortgage applications within the alternative and private lending space while delivering responsive service to broker partners.

Working closely with Business Development Managers, Broker Relationship Managers, Fulfillment Officers and other internal stakeholders, this individual will apply sound credit judgment, manage a high-volume pipeline and support the timely progression of mortgage transactions from submission through commitment and funding.

This opportunity is well suited to a decisive, organized and service-oriented mortgage professional who thrives in a fast-paced environment and can balance risk management with practical deal structuring. Immediate availability is considered an asset.

Key Responsibilities

Mortgage Underwriting & Risk Assessment

· Receive, review, analyze and adjudicate residential mortgage applications and supporting documentation for completeness, accuracy, suitability and risk.

· Assess borrower creditworthiness, income, assets, liabilities, repayment capacity, property quality and overall transaction risk.

· Evaluate and structure alternative and private lending opportunities in accordance with company guidelines, risk appetite and business objectives.

· Make sound, well-supported lending decisions and recommendations, documenting the rationale, risks and mitigants for each file.

· Review and interpret credit reports, income documentation, bank statements, appraisals, title information and other supporting documentation.

· Read, analyze and understand residential property appraisals, including marketability, valuation and property-specific risk considerations.

· Issue commitments with clear and appropriate conditions and work with the fulfillment team to support satisfaction of those conditions.

· Ensure underwriting decisions and file notes are complete, accurate and maintained in the applicable systems.

Deal Management & Service Excellence

· Follow up on issued commitments and quoted deals to support conversion and funding objectives.





· Collaborate with Business Development Managers, Broker Relationship Managers and Fulfillment Officers to ensure files progress efficiently and accurately.

· Manage a high-volume pipeline while maintaining consistent risk assessment, attention to detail and service excellence.

· Provide timely responses to broker partners and work toward the established two-hour service-level expectation.

· Communicate clearly and professionally regarding deal status, outstanding requirements, conditions and next steps.

· Identify and escalate material risks, exceptions or documentation concerns in a timely manner.

Broker & Stakeholder Relationships

· Establish and maintain positive relationships with mortgage brokers and referral partners to build trust and loyalty to CMI.

· Provide underwriting guidance and practical deal-structuring support to broker partners.

· Maintain current broker contact information, activity notes and file information in the CRM system.

· Maintain professional relationships with clients, lenders, appraisers, lawyers and other third-party contacts.

· Partner cross-functionally to support a consistent and positive experience throughout the mortgage process.

Market, Compliance & Continuous Improvement

· Stay current with industry developments, competitor activity, regulatory requirements and market trends affecting alternative and private mortgage lending.

· Apply company policies and relevant AML and FINTRAC requirements in the review and progression of mortgage files.

· Identify opportunities to improve underwriting workflows, documentation quality, service levels and operational efficiency.

· Support knowledge sharing, coaching or mentoring of less experienced team members, as required.

· Participate in special projects and perform other duties as assigned.

QualificationsSales & Negotiation

· Actively support the sales process by converting quotes and approvals into committed and funded deals.

· Negotiate pricing, terms, conditions and deal structure with broker partners, balancing competitiveness with CMI's credit standards and profitability.

· Recognize the time-sensitive nature of each transaction and prioritize work so that quotes, commitments, and condition reviews are delivered ahead of broker and borrower deadlines.

· Present CMI's solutions with confidence and handle objections to win business against competing lenders.

· Follow up promptly across the pipeline so that no opportunity is lost to delays.

Required





· Minimum five years of mortgage underwriting experience.

· Demonstrated underwriting experience in alternative or private lending is required.

· Strong experience in residential mortgage credit analysis, risk assessment, adjudication and deal structuring.

· Ability to independently assess mortgage applications and make timely, defensible credit decisions.

· Experience reviewing appraisals, credit reports, income verification, bank statements, title information and supporting financial documentation.

· Strong analytical, decision-making and problem-solving skills with exceptional attention to detail.

· Excellent organizational and time-management skills, with the ability to manage competing priorities and deadlines in a high-volume setting.

· Strong written and verbal business communication skills.

· High level of proficiency with Microsoft Office, including Word, Excel and Outlook, as well as Adobe Acrobat or similar PDF tools.

· Experience using CRM and mortgage workflow systems, such as Salesforce or comparable platforms.

· Self-motivated, accountable, goal-oriented and committed to service excellence.

Preferred

· Previous experience as a Business Development Manager (BDM) or Broker Relationship Manager (BRM), combined with hands-on underwriting experience, is considered a significant asset.

· Experience with renovation financing, construction draws or other specialized lending structures.

· Established relationships within the mortgage broker community.

· Professional training in AML, FINTRAC or related mortgage compliance requirements.

· Mortgage industry licensing or related professional credentials.

· Strong sales, networking or marketing capabilities.

· Bilingualism in English and French is an asset but is not required.

· Immediate availability is an asset.

Core Competencies

· Credit and risk assessment

· Alternative and private lending expertise

· Mortgage deal structuring

· Broker relationship management

· Analytical thinking and sound judgment

· Attention to detail

· Service excellence

· Organization and time management

· Collaboration and communication

· Results orientation

What We Offer

· Competitive compensation package.

· Fully remote / home-office work environment.

· Opportunity to join an established and growing Canadian private mortgage lender.

· Collaborative, experienced and supportive mortgage team.

· Career development and opportunities to contribute to process improvement and organizational growth.

CMI is committed to fostering an inclusive and team-oriented workplace. We thank all applicants for their interest; however, only those selected for an interview will be contacted.

Pay: From $100,000.00 per year

Benefits:

- Dental care
- Flexible schedule
- Paid time off
- Work from home

Work Location: Remote

📌 Sr Mortgage Underwriter (Private Lending) (Canada)
🏢 CMI Financial Group
📍 Canada