Job Summary HR Service Jobs is seeking a detail-oriented, analytical, and responsible Mortgage Underwriter – Lending Application Assessment to evaluate mortgage applications, assess borrower eligibility, and determine whether loan requests meet established lending standards. The successful candidate will play an important role in supporting responsible lending decisions by reviewing financial documentation, verifying applicant information, evaluating creditworthiness, and assessing the risks associated with residential mortgage applications.

As a Mortgage Underwriter, you will examine borrowers financial profiles, including income, employment history, credit reports, existing debts, assets, liabilities, and property valuations. You will ensure that mortgage applications are reviewed accurately, consistently, and in accordance with applicable lending policies, regulatory requirements, and risk management guidelines.

This position requires strong financial analysis skills, attention to detail, sound judgment, and the ability to manage multiple applications while maintaining high standards of accuracy and service quality. You will collaborate with mortgage processors, loan officers, brokers, valuation professionals, and other internal teams to resolve documentation gaps, clarify application details, and facilitate timely lending decisions.

The ideal candidate will be committed to skilled integrity, responsible risk assessment, data confidentiality, and delivering a reliable mortgage underwriting experience. This opportunity may suit candidates with previous mortgage, banking, credit analysis, or financial services experience who want to contribute to an organized and professional lending environment.

Mortgage Application Assessment: Review residential mortgage applications to determine whether applicants meet the lenders eligibility criteria, lending policies, and established underwriting standards.

Financial Documentation Review: Examine payslips, bank statements, tax documents, employment records, proof of assets, liability statements, and other supporting documents to verify the information provided by applicants.

Creditworthiness Evaluation: Analyze credit reports, repayment histories, outstanding balances, credit utilization, existing financial commitments, and other relevant indicators to evaluate borrowers ability and willingness to repay mortgage loans.

Assess income stability, employment continuity, self-employment earnings, additional income sources, and supporting evidence to determine whether the borrowers income is sufficient to support the proposed mortgage repayment.

Debt-to-Income Analysis: Calculate and review debt-to-income ratios and other applicable affordability measures to determine whether the requested mortgage is appropriate under the lenders guidelines.

Loan-to-Value Assessment: Review property valuations, purchase prices, proposed loan amounts, and applicable loan-to-value limits to assess collateral-related risk.

Risk Identification: Identify discrepancies, incomplete records, unusual financial patterns, potential fraud indicators, and other issues that may affect the quality or eligibility of a mortgage application.

Approve, conditionally approve, refer, suspend, or recommend declining applications within the authority assigned to the role and in accordance with applicable policies.

Policy and Regulatory Compliance: Follow applicable lending regulations, responsible lending requirements, internal procedures, documentation standards, and relevant anti-fraud and identity-verification controls.

Work with loan officers, mortgage processors, brokers, applicants,



and internal departments to clarify discrepancies, request missing information, and communicate underwriting requirements professionally.

Maintain complete, accurate, and well-organized records of assessments, supporting evidence, risk findings, decisions, and reasons for any conditions or exceptions.

Turnaround Time Management: Manage assigned application volumes, prioritize cases according to urgency and complexity, and work toward established service-level agreements without compromising decision quality.

Escalate applications involving complex financial circumstances, policy exceptions, elevated risk, or decisions outside delegated authority to the appropriate senior underwriter or lending manager.

Quality Assurance: Review calculations, documentation, and decision records to minimize errors, improve consistency, and support internal audit and quality control requirements.

Continuous Improvement: Identify opportunities to improve underwriting workflows, documentation practices, risk assessment processes, and overall operational efficiency.

A bachelors degree in Finance, Accounting, Banking, Economics, Business Administration, or a related field is preferred.

Candidates with relevant professional certifications, banking qualifications, or equivalent practical experience may also be considered.

A solid understanding of financial statements, lending principles, credit assessment, and mortgage documentation is highly desirable.

Additional training in mortgage underwriting, credit risk analysis, or financial compliance is an advantage.

Technical Skills

Ability to review mortgage applications and interpret financial documentation accurately.

Knowledge of credit reports, borrower affordability, debt-to-income ratios, and loan-to-value calculations.

Familiarity with mortgage lending procedures, underwriting guidelines, and credit risk assessment methods.

Proficiency in Microsoft Excel, Word, email, and document management systems.

Ability to work with loan origination systems, mortgage processing platforms, credit assessment tools, and digital application records.

Strong numerical reasoning, analytical thinking, and data verification skills.

Good written communication skills for documenting decisions, underwriting conditions, and risk findings.

Ability to manage confidential financial and personal information responsibly.

Flexibility to adapt to changing lending policies, procedures, and operational priorities.

Previous experience in mortgage underwriting, mortgage processing, loan assessment, credit analysis, retail banking, or financial services is preferred.

Experience reviewing borrower income, employment records, credit histories, bank statements, and property-related documentation is highly beneficial.

Familiarity with residential mortgage products, borrower affordability calculations, collateral assessment, and lending risk indicators is an advantage.

Experience using loan origination systems, credit reporting platforms, financial analysis tools, and document management applications is desirable.

Candidates with limited direct underwriting experience but relevant education, credit administration experience, banking knowledge, or strong financial analysis skills may be considered for suitable junior-level opportunities, depending on business requirements.





Full-time positions may follow a standard weekday schedule, generally around 8 hours per day, subject to the employers applicable policies.

Part-time or contract arrangements may be available where supported by business needs.

Remote or hybrid work may be possible if offered for the specific vacancy and subject to company policy.

Note: Exact working hours, location, remote-work eligibility, and employment terms will be confirmed during recruitment.

Mortgage lending principles and residential loan application procedures.

Credit risk indicators and common factors affecting mortgage eligibility.

Lending documentation requirements, internal controls, and underwriting procedures.

Confidentiality, data protection, responsible lending, and relevant regulatory obligations applicable to the role and jurisdiction.

Mortgage application workflow, loan conditions, exception management, and escalation procedures.

Ability to maintain an orderly application pipeline and manage competing deadlines.

Confidence in using digital systems, spreadsheets, databases, and secure document management tools.

Ability to manage a demanding workload without sacrificing quality.

Ability to elevate complex cases and policy exceptions appropriately.

HR Service Jobs aims to connect candidates with professional opportunities that support career development and long-term growth. Depending on the actual employer, employment arrangement, and applicable policies, potential benefits may include:

Competitive salary aligned with relevant experience, qualifications, and responsibilities.

Performance-based incentives where applicable.

Paid annual leave and public holidays in accordance with company policy and local employment law.

Health insurance or other eligible employee welfare benefits, where offered.

Structured onboarding and role-specific training.

Opportunities to strengthen mortgage underwriting, credit assessment, and financial risk management skills.

Access to relevant software, digital tools, and professional resources required for the position.

Opportunities to progress into senior underwriting, credit risk analysis, quality assurance, or lending operations roles.

Potential hybrid or remote working arrangements, subject to role eligibility.

A professional working setting that values accuracy, accountability, teamwork, and continuous improvement.

Joining an opportunity advertised by HR Service Jobs may provide a pathway to develop valuable expertise in mortgage lending, credit evaluation, and financial risk management.

Develop a deeper understanding of mortgage underwriting, borrower affordability, credit assessment, and property-related lending risks.

Contribute to responsible lending by helping ensure that mortgage applications are evaluated carefully, consistently, and using appropriate supporting evidence.

Build experience that may support progression into senior mortgage underwriting, credit risk management, lending compliance, or financial services operations.

Work Across Teams: Collaborate with professionals involved in mortgage processing, customer service, loan origination, credit assessment, and lending administration.

Gain experience interpreting financial documents, identifying risk indicators, and preparing well-supported underwriting recommendations.

Support Continuous Learning: Develop your knowledge of evolving lending standards, underwriting technology, documentation practices, and risk management processes.

Candidates should verify the identity of the actual employing organization, the vacancy details, and the employment terms before accepting an offer.

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📌 Mortgage Underwriter (remote) (Ottawa)
🏢 HR Service Jobs
📍 Ottawa