Mortgage Underwriter

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Peoples Group seeks a Mortgage Underwriter in Vancouver, a full time onsite role with hybrid work, offering 70k-80k plus a profit share. The candidate will review mortgage applications against policy, regulatory and lending guidelines, analyze borrower information and collateral, and coordinate with brokers, insurers and internal teams. Requirements include 2 years underwriting experience, strong credit adjudication, OSFI B20 familiarity, and excellent written and verbal communication under pressure with strong attention to detail. To apply, tailor your resume and cover letter to demonstrate productivity, accuracy and cross functional collaboration, and indicate willingness to relocate if outside a commutable distance; only shortlisted applicants will be contacted.

We are hiring for this position out of our Vancouver office. Successful candidates who apply outside of these areas will be expected to relocate and reside in a location that is within a commutable distance. 

Role Overview

The Mortgage Underwriter is responsible for reviewing and assessing mortgage applications to ensure they meet credit policy, regulatory requirements, and lending guidelines. The role analyzes borrower information, collateral, and third‑party documentation to make sound credit decisions and identify risks requiring mitigation or escalation. The Mortgage Underwriter works closely with brokers, business development teams, insurers, and internal stakeholders.

About the day-to-day

• Investigates, evaluates, sets conditions, mitigate approvals or declines of mortgage loans, applications, ensuring compliance with the current legislation and with the policies, programs and procedures of Peoples Bank.
• Gathers any necessary information required to co-ordinate and analyze credit applications and ensures consistent, objective and sound credit decisions.
• Liaises with the default insurers (CMHC, Sagen and Canada Guaranty) and various appraisal service providers to ensure collateral security is acceptable and meets the guidelines of the Bank.
• Analyzes and submits well thought out written recommendations to management/senior management regarding credit applications.
• Responsible for meeting all productivity measures and service levels
• Verifies data and information on mortgage applications with third parties, including verbal confirmation of employment, web searches of employers and businesses to ensure accuracy.
• Resolves any escalated credit issues, replies to internal and external client queries, communicates credit decisions and recognizes when issues require escalation to managers.
• Keeps up to date on applicable legislation including OSFI B20 guidelines, the Bank's policies, programs, procedures and mortgage insurer policies.
• Perform other duties and assist with special projects to support underwriting and other operational functions, as required.

About the Qualifications

• Post-secondary degree or diploma in a related field would be considered an asset. 
• Minimum of 2-3 years of lender mortgage underwriting / mortgage lending experience within the financial services industry.
• Sound knowledge and expertise of credit adjudication, underwriting practices and lending products. 
• Strong interpersonal, organizational and time management skills. 
• Understanding of the financial services industry, its independent distribution channels, and the regulatory environment. 
• Ability to work under tight deadlines and maintain composure under pressure. 
• Detail oriented, with a high degree of accuracy. 
• Excellent written and verbal communication skills. 
• Ability to work independently and in a team environment. 
• Adaptable, flexible and responsive to change. 
• Strong computer skills. 

About us

Peoples Group is a trusted financial services company for the innovators at the forefront of Canada’s economic future. With offices in Vancouver, Calgary, and Toronto, we are driving change by working alongside challenger banks, fintechs, brokers, and merchants to foster a dynamic and competitive financial ecosystem.

Our culture is built on four core behaviours: Grit to Grow, Connect to Collaborate, Putting Clients First, and Owning the Outcome. We believe people do not simply choose a company to work for—they choose a company that makes a positive impact in the lives of Canadians. Above all, we value people, build meaningful relationships, focus on individual strengths, and approach our work with passion.

About the work environment

Peoples Group offers a flexible and hybrid work environment. In this role you will work a combination of in-office and remotely from home. Typically, you'll be working regular business hours, Monday to Friday between 8:30am and 5:00pm.

We offer:

•  A hybrid work environment, enabling you to balance your personal and professional life seamlessly.
• Competitive salaries
• Generous paid time off to help achieve a healthy work-life balance.
• A strengths-based approach, ensuring we work together more effectively.
• A commitment to your well-being in five key areas: Financial, Physical, Social, Career, and Community.

Peoples Group is pleased to offer employees a competitive annual salary plus a discretionary profit share opportunity. Salary for this position will vary between $70,000 and $80,000 per year depending on the knowledge, skills, abilities and experience that the chosen candidate possesses.

NOTE:  This job posting is for an existing vacancy. Peoples Group is an Equal Employment Opportunity employer. Please accept our utmost appreciation for your interest; however, only those applicants under consideration will be contacted.

 We value and celebrate individuality while fostering an inclusive workplace for everyone. If there's any way we can support or accommodate you during the selection process, please don't hesitate to let us know.