CMHC Residential Underwriter Full Time in Vancouver, BC


Branch Vancouver BC CA

Residential Underwriter
Vancouver, BC

Office of the V.-P., Insurance Operations. Providing information and professional opinions on areas of activity covered by CMHC mortgage loan insurance;…

Primary Location





Office of the V.-P., Insurance Operations

Language Designation


English Essential

Position Level / Salary Range


8 ($64,012 to $80,002)

Position Status


Temporary full-time

Security Requirement


Reliability Status

Because What I Do Matters

Canada Mortgage and Housing Corporation (CMHC)


the heart of a world leading housing system that is making a difference for Canadians every day by helping them meet their housing needs.

As Canada’s authority on housing, CMHC works with a variety of stakeholders to help ensure that the Canadian housing system remains one of the best in the world. Our work matters to a great many people and our employees matter to us.

Bring your communication skills and your mortgage expertise to this 12-month temporary position as a Residential Underwriter in Vancouver.

As a member of the Homeowner Underwriting team, you will ensure the mortgage underwriting of loans for new and existing homeowner properties with 1 to 4 units using the emili system, and while providing excellent client service through effective communication about CMHC’s mortgage insurance products, policies and guidelines


How You Will Be Contributing

Analyzing the information contained in the insurance applications transmitted by approved lenders, in particular, the information related to the borrower, the property, the market and the lender;

Obtaining, if necessary, additional information to ensure the risk meets CMHC parameters;

Determining whether or not the lender’s application is acceptable, considering, in this regard, mitigating actions before making a decision;

Providing information and professional opinions on areas of activity covered by CMHC mortgage loan insurance;

Communicating clear rationale for underwriting decisions in manner that achieves lender concurrence and understanding;

Identifying and recommending other options that may be beneficial to the client;

Clarifying CMHC’s underwriting policies to approved lenders.

What We Are Looking For

Bachelor’s degree in administration and at least three years of experience in mortgage underwriting or individual credit analysis OR an equivalent combination of education and relevant experience will also be considered;

Accredited Mortgage Professional or Certified Residential Underwriter designations would be considered an asset;

Demonstrated experience using property evaluation tools;

Demonstrated experience assessing risk associated with mortgage lending.

Understanding of the Mortgage industry environment;

Extensive knowledge of provincial legislation which may impact CMHC mortgage loans policy;

Knowledge of the principles of risk management;

In-depth knowledge of risk factors related to credit, employment, local market conditions and mortgage sector trends;

Knowledge of principles of residential property appraisals;

Knowledge of fraud indicators;

Demonstrated ability to read and interpret consumer credit bureau reports;

Excellent interpersonal and decision making skills;

Strong oral and written communication skills, including the ability to provide understandable, clear and consistent responses within areas of responsibility;

Core Competencies

Client focus/ Innovation/ Valuing and Respecting Individuals

Functional Competencies

Analytical Thinking/ Communication/ Decisiveness/ Efficiency /Flexibility /Teamwork

What CMHC Has To Offer

Competitive Annual Salary

Eligibility for Performance Bonuses

In-house learning and development opportunities

Career Growth Opportunities

Employee and Family Assistance Program (EFAP)

New Hire Mentorship Program

Various onsite amenities

Additional requirements

Ability to manage flexible work hours, including some evenings and weekends.

CMHC Homeowner Underwriting offers service to clients from 8 am to 8 pm local time Monday to Friday and from 9 am to 5 pm Saturday. All Residential Underwriters are expected to make themselves available for a rotating shift schedule to accommodate these business demands as well as for overtime during the peak volume periods.

Bilingualism (French/English) is an asset.

APPLY today

This job posting will be active until

11:59 pm EST on February 7, 2017

however, the competition may remain active until a successful candidate has been chosen.

To Note:
We sincerely thank all candidates for their interest, however, please note that only those applicants selected for further consideration will be contacted. If selected for an interview, please advise us if you require an accommodation.

Selected candidates may be required to do a presentation or assessment as part of the interview. If so, they will be advised in advance. In the event that tests are administered, candidates will also be advised in advance.

Candidates must be eligible for Reliability Clearance

Candidates who do not meet all of the position requirements may be considered in an under-fill capacity, in which case the person will be hired at a lower level than the position level.

Ability to manage flexible work hours, including some evenings and weekends.

or proceed with Standard Application Form.

Employment Type: Full Time
Location: Vancouver, BC, CA
Posted on: 2017-01-23
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