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Northwest Territories Mortgage Underwriter II Salaries

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  Northwest Territories in Canada
  • Mortgage Underwriter II Salaries in Yellowknife, NT
  
  

  View CA National Average Mortgage Underwriter II Salaries

• Mortgage Underwriter II Salaries by Province in Canada
  • Alberta
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  • Northwest Territories
  • Nunavut
  • Ontario
  • Prince Edward Island
  • Quebec
  • Saskatchewan
  • Yukon

• Most Popular Cities for Mortgage Underwriter II in Canada
  • Fredericton, NB Mortgage Underwriter II
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• Job Description for Mortgage Underwriter II
  Evaluates the risk of mortgage loan applications against the firm's objectives and borrowing guidelines using analysis and assessment of creditworthiness criteria. Reviews the applicant's financial status, documents, data, and property appraisal. Calculates LTV ratio (loan to value) to define the loan program eligibility, down payment, interest rate, repayment terms, and allowed loan amounts. Makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. Complies with all federal regulations, state laws, and internal policies related to mortgage lending. Escalates non-conforming loans that require approval review using an exception process. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience.

  Alternate Job Titles: Intermediate Mortgage Underwriter
  Categories: Banking