Commercial Underwriter
Top Benefits
About the role
Who we are:
Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, EdenPark and Fig.
Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners’ growth. With a diverse suite of products like residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending. We offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers.
Backed by nearly a century of lending experience through its legacy companies, Fairstone Bank and its brand family are proud to be Canada’s leading alternative lending bank.
About the role:
Risk and Compliance
- Receive, 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
- 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
File Management
- Make prudent credit decisions on complex mortgage files
- Negotiate loan terms according to assessed risk and to meet the interests of the client and Home Trust
- Prepare files and recommend mortgage deals for final approval
- Maintain accurate information and detailed notes on applications, prepare and issue conditional mortgage commitments outlining all conditions that must be met to Home Trust’s satisfaction
- Issue mortgage commitment according to negotiated and approved terms
Communication
- 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
What we’re looking for:
- Post secondary degree or diploma required (University degree preferred) in related area
- Preference will be given to those candidates with previous experience making direct submissions to CMHC Multi Res Team
- 3-5 years with mortgage lending
- Strong understanding of commercial mortgage products
- Proficient in adjudicating credit, reviewing and assessing third party reports
What you’ll love about working here:
-**Award-Winning Culture:**We’re proud to be recognized as aGreat Place to Work Canada 2025and one ofMontreal’s Top Employers 2025by Canada’s Top 100 Employers. -**Work-Life Balance:**Enjoy flexibility with our hybrid work model designed to support your lifestyle. -**Time to Recharge:**Generous vacation based on your role, statutory holidays, plus 6 wellness days to prioritize your well-being. -**Compensation Package:**Competitive base salary plus an annual incentive bonus tied to performance. -**Comprehensive Benefits:**Robust health and dental coverage through Manulife, as well as virtual healthcare through Dialogue. -**Future-Ready Savings:**Group Retirement Savings Plan with up to 7% employer match. -**Exclusive Perks:**Discounts from top retailers via WorkPerks, plus location-based perks like gym memberships and Toronto Bike Share. -**On-Site Fitness:**Gym access at our London and Montreal offices. -**Continuous Growth:**Education Assistance Program and Fairstone Academy for training and skill development. -**Family Support:**Parental leave top-up program to help you during life’s big moments. -**Community Impact:**One paid volunteer day to give back to causes that matter to you. -For more information on who we are as an employer
click here.
What you can expect - pay & process:
- Expected base salary range is $63,000 - $75,000 , plus the opportunity to earn an annual incentive bonus tied to performance.
- This posting is for an existing vacancy within our organization.
- Artificial intelligence may be used in parts of the recruitment process.
- All candidates considered for hire must successfully pass a criminal background check, credit check, and validation of their work experience to qualify for hire.
If what you read excites you, we’d like to hear from you! Please submit your application and we’ll contact you if you become selected for first stages of the interview process.
Learn more:
https://www.fairstone.ca/en/about/canadian-lender
Follow us on LinkedIn:
https://www.linkedin.com/company/fairstone/mycompany/
If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.
Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.
Time Type:
Full time
##Job Type:
Permanent
Not the right fit? Search for Commercial Underwriter jobs in Toronto, ON
About Fairstone
Fairstone is a leading provider of responsible lending solutions, with a nearly one-hundred-year legacy in Canada. As an operating subsidiary of Fairstone Bank of Canada, Fairstone offers unsecured personal loans, secured personal loans and mortgages to near-prime customers online and in 250 branches coast to coast. Collectively , Fairstone Bank and its subsidiaries offer credit cards and rewards programs, point-of-sale financing through merchant partners and automobile financing via EdenPark. With a long-established Canadian history, Fairstone Bank and Fairstone are committed to improving the lives of Canadians with value-driven and accessible financial solutions. More at Fairstone.ca.
Similar jobs you might like
Commercial Underwriter
Top Benefits
About the role
Who we are:
Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, EdenPark and Fig.
Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners’ growth. With a diverse suite of products like residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending. We offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers.
Backed by nearly a century of lending experience through its legacy companies, Fairstone Bank and its brand family are proud to be Canada’s leading alternative lending bank.
About the role:
Risk and Compliance
- Receive, 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
- 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
File Management
- Make prudent credit decisions on complex mortgage files
- Negotiate loan terms according to assessed risk and to meet the interests of the client and Home Trust
- Prepare files and recommend mortgage deals for final approval
- Maintain accurate information and detailed notes on applications, prepare and issue conditional mortgage commitments outlining all conditions that must be met to Home Trust’s satisfaction
- Issue mortgage commitment according to negotiated and approved terms
Communication
- 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
What we’re looking for:
- Post secondary degree or diploma required (University degree preferred) in related area
- Preference will be given to those candidates with previous experience making direct submissions to CMHC Multi Res Team
- 3-5 years with mortgage lending
- Strong understanding of commercial mortgage products
- Proficient in adjudicating credit, reviewing and assessing third party reports
What you’ll love about working here:
-**Award-Winning Culture:**We’re proud to be recognized as aGreat Place to Work Canada 2025and one ofMontreal’s Top Employers 2025by Canada’s Top 100 Employers. -**Work-Life Balance:**Enjoy flexibility with our hybrid work model designed to support your lifestyle. -**Time to Recharge:**Generous vacation based on your role, statutory holidays, plus 6 wellness days to prioritize your well-being. -**Compensation Package:**Competitive base salary plus an annual incentive bonus tied to performance. -**Comprehensive Benefits:**Robust health and dental coverage through Manulife, as well as virtual healthcare through Dialogue. -**Future-Ready Savings:**Group Retirement Savings Plan with up to 7% employer match. -**Exclusive Perks:**Discounts from top retailers via WorkPerks, plus location-based perks like gym memberships and Toronto Bike Share. -**On-Site Fitness:**Gym access at our London and Montreal offices. -**Continuous Growth:**Education Assistance Program and Fairstone Academy for training and skill development. -**Family Support:**Parental leave top-up program to help you during life’s big moments. -**Community Impact:**One paid volunteer day to give back to causes that matter to you. -For more information on who we are as an employer
click here.
What you can expect - pay & process:
- Expected base salary range is $63,000 - $75,000 , plus the opportunity to earn an annual incentive bonus tied to performance.
- This posting is for an existing vacancy within our organization.
- Artificial intelligence may be used in parts of the recruitment process.
- All candidates considered for hire must successfully pass a criminal background check, credit check, and validation of their work experience to qualify for hire.
If what you read excites you, we’d like to hear from you! Please submit your application and we’ll contact you if you become selected for first stages of the interview process.
Learn more:
https://www.fairstone.ca/en/about/canadian-lender
Follow us on LinkedIn:
https://www.linkedin.com/company/fairstone/mycompany/
If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.
Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.
Time Type:
Full time
##Job Type:
Permanent
Not the right fit? Search for Commercial Underwriter jobs in Toronto, ON
About Fairstone
Fairstone is a leading provider of responsible lending solutions, with a nearly one-hundred-year legacy in Canada. As an operating subsidiary of Fairstone Bank of Canada, Fairstone offers unsecured personal loans, secured personal loans and mortgages to near-prime customers online and in 250 branches coast to coast. Collectively , Fairstone Bank and its subsidiaries offer credit cards and rewards programs, point-of-sale financing through merchant partners and automobile financing via EdenPark. With a long-established Canadian history, Fairstone Bank and Fairstone are committed to improving the lives of Canadians with value-driven and accessible financial solutions. More at Fairstone.ca.