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Underwriter, Uninsured Residential Lending

Toronto, ON, Canada Req #74
Wednesday, October 14, 2020

Join a happy, growing team! 86% of employees recommend MCAN as a great place to work! XMC leads competitors in growth year-over-year!

About the Role | Underwriter, Uninsured Residential Lending, XMC Mortgage Corporation

XMC is proudly owned by MCAN Mortgage Corporation.

You’ll be responsible for underwriting, processing and approving uninsured (or alternative) mortgage applications. Success in this role depends on your ability to build strong relationships with our partner Mortgage Brokers while ensuring service, volume, asset quality and profitability targets are met. The role requires you to communicate in a professional and timely manner, and to maintain discretion always. Some conversations are harder than others, and you can navigate the good and the bad with integrity and positivity.

You’re comfortable in a corporate office setting, as well as able to meet the unique requirements of remote and/or extended and/or flex work hours to meet high-demand and tight timelines, when required. Your attention to detail, accuracy and expedience makes you a great fit for our fast-paced, award-winning team. We are committed to excellence - so are you.


  • Deliver timely mortgage solutions, while applying a high degree of accuracy and quality to the file during the underwriting process.

  • Review mortgage applications, supporting documentation and negotiate terms with the mortgage broker while mitigating risks (if any), decision with accuracy and expedience

  • Document decision; whether the decision be an approval or decline; defend soundly

  • Ensure that approved deals close as scheduled and as efficiently as possible by following up on outstanding conditions/documents and ensuring compliance with established guidelines.

  • Provide the highest level of internal and external customer service while fielding mortgage broker inquiries and building strong broker relationships.

  • Provide suggestions to aid in the continuous improvement of the business


  • Post-secondary education preferred

  • Previous underwriting experience in uninsured (alternative) residential lending of at least 3 years required

  • Completion of underwriting course or mortgage agent course preferred

  • Knowledge of Legislation (e.g. Mortgage Act) regarding risk related mortgage law required

  • Proficiency in Microsoft applications is required; capacity to quickly learn new technologies/systems required

  • Ability to understand financial statements and assess financial viability required

About XMC:

An agile, boutique residential mortgage lender with the experience, the character and the commitment to excellence required in Canada’s evolving real estate market. XMC is proudly owned by MCAN Mortgage Corporation, a federally regulated mortgage investment corporation. Our team is made up of respected industry innovators, influencers and big-thinkers. We do things differently than other lenders. Our business isn’t selling mortgages, it’s building relationships.  We’re all about team, how we can make contributions, and our own self development. If you’re excited about connecting - so are we!

About MCAN:

MCAN is a niche-strategic investor in the Canadian real estate market focused on three key areas: single-family mortgages, residential construction loans, and other real estate investments. Our targeted approach to growth reflects our expertise and understanding of the needs of investors, clients, partners and the markets in which we invest.

Our people are our best asset - the kind of people you want on your team: smart, collaborative and helpful with a friendly, positive attitude. We are committed to building the company and building team member capabilities. Do you possess and value the same attributes? Are you interested in your own development? Then come join our team!

The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position. It is not designated to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

MCAN is committed to providing accommodation to applicants throughout the job application and interview process. If you require any accommodations, please contact our Human Resources team at 416 847 2461

Other details

  • Pay Type Salary
  • Employment Indicator Perm FT
  • Toronto, ON, Canada