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Mortgage Underwriter Job Description: Top Duties and Requirements

Edited by Indeed Employer Content Team
Last updated October 8, 2025
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Indeed’s Employer Resource Library helps businesses grow and manage their workforce. With over 15,000 articles in 6 languages, we offer tactical advice, how-tos and best practices to help businesses hire and retain great employees.

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3 min read

A Mortgage Underwriter, or Mortgage Agent, works on behalf of a financial institution, bank, or credit union to review and approve loan documents for a mortgage. Their duties include assessing financial risk during the mortgage application process, recommending appropriate loan products, and explaining loan details.

Mortgage Underwriter duties and responsibilities

A Mortgage Underwriter ensures the customer follows all requirements of the mortgage application procedure. They manage the entire process, from a request for information to the completed documentation and signing of the paperwork for a mortgage. Some essential duties and responsibilities of a Mortgage Underwriter may include:

  • Completing and reviewing mortgage application paperwork for accuracy
  • Analyzing applicant’s credit history and financial information to assess eligibility
  • Answering inquiries and questions from lenders and brokers
  • Escalating any applications that require managerial approval
  • Establishing credit terms, pricing, and conditions during the application approval process
  • Creating business relationships with brokers and customers

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Mortgage Underwriter Job Description Examples:

Example 1

Role Summary

The successful candidate will be expected to work from our Wetaskiwin, AB office.

Source Capital is a DLC Franchise Brokerage looking to expand. In this role, you will be working with our Office Manager and assigned Source Capital Associates to underwrite and complete the mortgage process with Clients. You will liaison with the Source Capital Associates and their Clients to ensure a smooth and easy client experience. A great opportunity to grow with a highly engaged and growing Brokerage.

Accountabilities
  • Excellent credit knowledge
  • Able to structure mortgage applications and submit to the appropriate Lender
  • Excellent organizational skills and strong attention to detail
  • Effective communication skills, both written and verbal
  • Adhere to Service Standards and delivering on commitments
  • Working knowledge of Velocity is a plus, training is available

Requirements
  • Team Player Attitude
  • Minimum 1 year, 2 years preferred, Mortgage underwriting/assisting experience
  • Broker License

Contact
  • Roger Dusanj and Jennifer Belik

Job Types: Full-time, Part-time
Part-time hours: 20-40 per week

Salary: $50,000.00-$60,000.00 per year

Additional pay:
  • Bonus pay
Schedule:
  • Monday to Friday
  • Weekend underwriting: 1 year (preferred)

Example 2

Who are we?

At Mission 35 Mortgages, we provide 5-star mortgage service and advice for our client’s biggest investment, their home. We place importance on education and service to become their mortgage advisor for life.

Who are we looking for?

We are looking for an experienced Mortgage Underwriter to add to our growing team at the 59 John Street office. The ideal candidate has a successful record of funding A, B, and private mortgages with at minimum of 2 years of experience. They must be able to manage multiple tasks of almost equal importance and quickly provide solutions to our clients.

Responsibilities:

· Manage leads provided and maintain relationships with past clients which includes phone and email communication

· Complete and review applications on Velocity

· Fund 20 mortgages a month with assistance from the Closing Specialist

· Underwriting A, B, and Private Mortgages

· Underwriting and negotiating renewals

· Continue our customer service standards

· Maintain relationships with lenders

· Attend company educational events and client appreciation events (1-2 per month)

· Uphold ethical standards with an understanding of industry regulations and company policies

· Stay current on evolving industry regulations and standards

· Risk assessment to determine suitable loans for clients

Qualifications

· Mortgage Agent License for a minimum of 2 years with experience in funding A, B, and private mortgages

· University degree or post-secondary diploma

· Good sense of morals and integrity

· A successful track record of sales

· Underwriting experience

· Ability to multi-task

· Detail oriented

· Ability to problem solve

· Self motivated

· Experience with Filogix/Velocity is an asset

· Tech proficiency. Ability to quickly learn and manage lead and deal tracking software.

Job Type: Full-time

Salary: $50,000.00-$75,000.00 per year

Benefits:
  • Company events
Flexible Language Requirement:
  • French not required
Schedule:
  • Monday to Friday
  • Weekends as needed
Supplemental pay types:
  • Bonus pay



Ability to commute/relocate:
  • Hamilton, ON L8N 2B9: reliably commute or plan to relocate before starting work (required)

Experience:
  • Mortgage Agent: 2 years Location: In person

Example 3

Role: Mortgage Underwriter

Moskowitz Capital is a top-performing lender providing non-traditional commercial mortgages that allow individuals and businesses to capture lucrative opportunities that far exceed the cost of capital. For 20 years we have been funding Construction, Term, Land & Special Situation loans from $250,000 to $10,000,000. What sets us apart from other sources of funds is that we are a "storybook" lender; we listen to your story and develop timely and creative solutions that work for borrowers.

Our culture is supportive and collaborative. We operate a professional financial services business with a family-friendly culture.

Job Description
This is a unique opportunity for a high achiever who wishes to control their future with a profitable, growing and entrepreneurial company. The successful candidate will play a key role in growing Moskowitz Capital's mortgage portfolio by assuming the responsibility for mortgage underwriting. The Underwriter will report directly to senior management, providing an opportunity to learn from the best in the business. You will learn by doing real deals alongside the Moskowitz Capital team.

Responsibilities
The successful candidate will embrace the opportunity to build upon Moskowitz Capital's track record of success. To do this, he/she/they will;

  • Initiate and assist in evaluating new mortgage lending opportunities
  • Conduct due diligence; including financial statement analysis, interview applicants, review leases, construction contracts, appraisals, legal documentation, environmental reports and other deal-related information
  • Responsible for writing and presenting investment summary to the investment committee
  • Engage and manage lawyers in their legal due diligence
  • Work with all relevant parties including lawyers, brokers and consultants to assist in the closing of the transaction
  • Support in the administration of the mortgage portfolio
  • Periodic travel as required for due diligence purposes

Desired Skills and Expertise
This position demands an independent self-starter with high degree of drive. You will be expected to function independently with minimal direct oversight as your skills progress and develop. The successful candidate will possess the following qualifications:

  • Undergraduate business degree or MBA
  • Proficient at financial statement analysis
  • Commercial lending experience is helpful
  • Impressive inter-personal and presentation skills
  • Strong moral compass

Only candidates that we wish to meet will be contacted.

Job Types: Full-time, Permanent

Job Type: Full-time

Salary: From $80,000.00 per year

Benefits:
  • Extended health care
Schedule:
  • Monday to Friday
Supplemental pay types:
  • Bonus pay

Education:
  • Bachelor's Degree (required)

Experience:
  • underwriting: 2 years start date: 2022-11-28

Example 4

Work 895 Don Mills Road, North York

Work Hours: Monday to Friday - 10 AM to 6 PM (Saturday- WFH)



About Urban Money:

Urban Money Inc is a fast-growing mortgage brokerage company operating in the Greater Toronto Area. Our mission is to provide top-notch mortgage solutions to our clients through our industry expertise and personalized approach. We offer a friendly and dynamic work environment that fosters growth and innovation.

At Urban Money, we value autonomous functioning, ethical approach towards work and an entrepreneurial mindset. By joining our team, you will have the opportunity to work in a fast-paced work environment, where you can make a meaningful impact for your clients while contributing to your professional development and the growth of the company.



Role Summary:

The Underwriter works closely with the Mortgage Agents and Brokers to provide our clients with the best options. This position consists of administrative tasks, maintaining relationships and connecting our mortgage agents and brokers with various lending options.

The role requires you to communicate in a professional and timely manner, and to maintain discretion always

This Underwriter position has a huge potential for growth as our company is growing rapidly.



Duties and Responsibilities:
  • Investigate and evaluate mortgage and loan applications, ensure compliances with organizational processes, aligning with senior management as needed
  • Coordinate and analyze credit applications and ensure consistent, objective, and sound credit decisions are made
  • Ensure mortgage applications are completed within a specific time frame
  • Structure files to ensure that transactions are processed in a timely and efficient manner
  • Ensure that the application paperwork is accurate and complete
  • Verify data and information on mortgage applications with third parties as required
  • Collect and review the required documentation while working with lending partners to satisfy conditions
  • Send the mortgage paperwork to the applicable financial institution for approval
  • Work closely with lending partners to resolve issues while maintaining a great working relationship
  • 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 best-in-class support to the clients as they progress through the application process
  • Remain professional when dealing with lenders, clients, and mortgage brokers
  • Maintain up to date knowledge of lending options
  • Update mortgage brokers about the status of their deals within an appropriate time frame
  • Conduct oneself through the proper policies and procedures created by Urban Money and the mortgage industry
  • Build rapport with internal and external stakeholders and maintain working relationships with assigned external client groups
  • Resolve any escalated credit issues, reply to internal and external client queries, and communicate credit decisions and recognizes when issues require escalations

About you / Qualifications:
  • Post-secondary degree or diploma in a related field
  • At least 5 years of experience in a Mortgage Underwriter capacity and or comparable experience in a similar role
  • Understanding of the mortgage industry and lifecycle
  • Understanding of credit and underwriting practices, and lending products
  • Understanding of the financial services industry, its independent distribution channels, and the regulatory environment
  • Be able to provide administrative services such as corporate searches, title pulls, tax requests, etc…
  • Be able to handle administrative duties in an organized, efficient, and accurate manner; be detail oriented
  • A team player with strong interpersonal skills
  • Be able to provide training to mortgage brokers on an array of different topics and concepts
  • Help new and experienced brokers place deals with lenders
  • Ability to work under tight deadlines and maintain composure under pressure
  • Expertise in alternative, private and construction financing would be an asset
  • Should possess a self-starter mentality and work ethic
  • Proficiency in computer skills, including MS Products and Lending Operating systems; capacity to quickly learn new technologies/systems required
  • Willing to obtain Mortgage Broker license

Note:This is an In-Office Full Time position for Candidates in the GTA

Job Types: Full-time, Permanent

Pay: $40,000.00-$50,000.00 per year

Benefits:
  • On-site parking
Schedule:
  • 8 hour shift
Supplemental pay types:
  • Commission pay



Ability to commute/relocate:
  • North York, ON: reliably commute or plan to relocate before starting work (required)

Experience:
  • underwriting: 2 years (required)


Work In person

Example 5

Senior Mortgage Underwriter

Qualifications

  • Residential Mortgage Underwriting: 3 years (Required)
  • English (Required)

Full Job Description

Overview:
Residential Mortgage Underwriter

Full-time Monday to Friday

Evening & Weekend availability if needed

Salary + Bonus

We are seeking an experienced and dynamic Underwriter, Residential Mortgages to join our growing Toronto team. In this position, you will manage mortgage files A, B and private mortgages from start to finish, all while taking a customer forward approach. You will utilize your detailed knowledge of the residential mortgage industry, conditions management, and regulatory compliance and sound decision-making skills to adjudicate mortgage applications originated through the broker network with an end-to-end approach. Our successful candidate will employ strong solution-focused communication skills to deliver their message and be highly organized with a strong attention to the detail and process.

Responsibilities:

  • Evaluate mortgage applications and documentation to ensure adherence to lending policies and procedures, and determine borrower eligibility for mortgage loans.
  • Analyze borrower financial data, credit reports, and property appraisals to determine loan risk and make recommendations for approval.
  • Communicate with clients via phone and email to gather documents and complete applications
  • Review mortgage application packages for completeness and accuracy, verifying information such as income, employment, and debt-to-income ratio.
  • Communicate with Lenders, BDMs, mortgage underwriters, fulfillment specialists, real estate agents, and other professionals to obtain necessary information and resolve issues.
  • Upon mortgage approval prepare and send signing package to clients
  • Assess appraisal reports, property value and condition to ensure collateral meets lender standards.
  • Stay up-to-date with mortgage lending regulations and guidelines, and make sure loans comply with these regulations.
  • Work with client and lender to satisfy all conditions.
  • Order appraisals and communicate with lawyer to insure smooth deal flow and on time funding
  • Update the CRM at each stage to capture all relevant and accurate information
  • Work collaboratively with other team members to ensure timely processing of loans and accurate documentation.
  • Conduct post-closing reviews to ensure compliance with regulatory requirements and investor guidelines.
  • Provide superior customer service to clients, and respond to inquiries and concerns in a timely manner.
  • Social Media Management
  • Outbound Sales Calls to prequalify leads for introduction to Mortgage Broker

This role is for you if you have:

  • You have demonstrated sound credit judgment with knowledge of legislation regarding risk related mortgage laws
  • You possess a strong customer service focus with the ability to cultivate positive relationships with internal and external stakeholders
  • You have 2-5 years of residential mortgage underwriting and/or funding experience
  • You possess a highly positive “can do” attitude and excellent communication skills
  • You take ownership of your tasks by working proactively and being driven by delivering high quality outputs
  • You have the ability to prioritize and multi-task effectively within in a fast-paced, deadline driven environment
  • You are excited at the prospect of working for a fast growing organization with the chance to grow and create a positive impact

Skills

  • Software experience: Adobe, DocuSign, and Google
  • System experience: Filogix™, Finmo and Zoho CRM (Blu mortgage) are an asset
  • Critical thinking and problem-solving resolution skills
  • Analytical awareness with an eye for detail
  • Superior customer service skills

Competencies (in order of importance)

  • Communication – Exceptional ability to provide continuous positive client and industry partner experience
  • Attention to detail – accuracy oriented
  • Collaboration - with all team members
  • Prioritization – proactive with changing deadlines and priorities
  • Reliability – follows established procedures

Job Type: Full-time/remote and on site from time to time.

Schedule:

  • Monday to Friday
  • Evening and weekend availability (only if needed)

Experience:

  • Residential Mortgage Underwriting: 3 years (required)

Licence/Certification:

  • Ontario Mortgage Agent/Licence (required)

Job Types: Full-time, Permanent

Pay: $50,000.00-$90,000.00 per year

Benefits:
  • Work from home
Flexible Language Requirement:
  • English not required
Schedule:
  • Monday to Friday
Supplemental pay types:
  • Bonus pay
  • Commission pay



Application question(s):
  • Location must be GTA


Work Location: start date: 2024-07-01

Example 6

Pro Funds Mortgages is a boutique mortgage brokerage with 30 years of expertise in real estate acquisitions, development, and mortgage finance. We are a fast growing and dynamic team and have an immediate opportunity in our Burlington, Ontario headquarters.

General Responsibility

The Commercial Underwriter will be primarily responsible for obtaining approvals, institutionally, and privately on conventional CHMC and insured products. This role supports internal funding requirements, District REIT, Valour Group of Companies, as well as external investors seeking financing.

The Commercial Underwriter will also be responsible for financial modeling, analysis, consolidated budgeting, forecasting, and report writing for the property and development team to provide valuable insights in support of operating and strategic planning initiatives. Other responsibilities may include reviews of exiting projects and joint ventures.

Specific Responsibilities

  • Act as the first point of contact for investors seeking financing, while maintain superior customer service at all times.
  • Writing financial and business plans related to real estate development and property investment opportunities.
  • Prepare Mortgage Request Packages for project and properties.
  • Assist writing Offering Memorandums and Term Sheets for equity in real estate investments.
  • Develop models and other analysis to drive initiatives, monitor trends, identify exceptions and to support budgeting, forecasting, and strategic planning for projects and properties.
  • Analyze the profitability, projections, and other financial models to support decision making, financial feasibility and new business initiatives in collaboration with other departments.
  • Provide timely and accurate analysis and information concerning, LTV, ROI, and ROE.
  • Improve the quality and efficiency of financial reports and models and seek opportunities to streamline analysis and process.
  • Prepare, review, analyze and verify mortgage applications for completeness, accuracy, suitability and risk.
  • Take assets that are being acquired or nearing completion of development/construction, and realign with institutional financing.
  • Complete due diligence analysis on future opportunities.
  • Ensure compliance with all aspects of Pro Funds Mortgages 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.
  • 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 the real estate industry and market trends to secure competitive advantage.
  • Make prudent credit decisions on complex mortgage files.
  • 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 Pro Funds Mortgages satisfaction.
  • Issue mortgage commitment according to negotiated and approved terms.
  • Be a team player and rise above to help with reasonable duties as assigned.

Requirements

  • Minimum 7-years commercial mortgage underwriting experience as an analyst with a major commercial bank.
  • Candidate has experience and understanding of commercial banking sector.
  • Experience generating individual borrower risk rating for commercial borrowers.
  • Experienced in conducting financial analysis of accountant prepared financial statements.
  • Experience with Moody’s risk analytics.
  • Ability and expertise to compile financial forecasts, construction budgets, experience in reviewing quantity surveyor construction reports.
  • Ideal candidate has experience working with a commercial bank in area of corporate finance or real estate.
  • Ideal candidate has completed a training program within a commercial banking institution.
  • Preference is given to candidates that have a CPA or CFA designation.

WHAT WE OFFER

We are a work environment that cares about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual. At Pro Funds Mortgages and Valour Group, you will have the ability to make a difference and have a lasting impact. We are committed to continuous learning and professional development with excellent opportunity for advancement within the organization.

  • Join a dynamic, collaborative, high performing team of professionals.
  • Work in a modern, spacious office, with impressive amenities.
  • Excel with opportunities professional development and career advancement.
  • Participate in frequent employee engagement events.
  • Receive a competitive salary and health benefits plan.

Pro Funds Mortgages and Valour Group welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

Job Type: Full-time

Benefits:
  • Dental care
  • Paid time off
  • Tuition reimbursement
Schedule:
  • 8 hour shift
  • Monday to Friday



Ability to commute/relocate:
  • Burlington, ON L7N 3T2: reliably commute or plan to relocate before starting work Location: In person
Our mission

Indeed’s Employer Resource Library helps businesses grow and manage their workforce. With over 15,000 articles in 6 languages, we offer tactical advice, how-tos and best practices to help businesses hire and retain great employees.

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Download our free step-by-step guide on encouraging healthy risk-taking
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What does a Mortgage Underwriter do?

Banks, loan companies, and other financial groups employ Mortgage Underwriters to represent their interests during the mortgage application process. While most Mortgage Underwriters work with various customers, others may work with only a select few high-performing mortgage brokers, depending on volume. When first starting, an individual typically performs as a Mortgage Underwriter Associate, assisting more senior Underwriters. Once they have accumulated two or more years of experience, they can move into a Mortgage Underwriter role.

Mortgage Underwriter skills and qualifications

A Mortgage Underwriter must have extensive knowledge of the mortgage process, including all necessary paperwork. Working on behalf of the lender, they must work with integrity and discernment. Top skills for a Mortgage Underwriter include:

  • Exceptional communication skills to correspond clearly with brokers and clients
  • Ability to manage multiple applications at a time
  • Time management skills to complete tasks promptly
  • Attention to detail ensuring that they attend to all elements of the application process
  • Ability to assess a client’s credit and to analyze financial data, including tax returns and other financial documents
  • Comfortable prioritizing their work schedule and required tasks

Mortgage Underwriter experience requirements

Mortgage Underwriter candidates typically require a minimum of two years of experience in a Mortgage Underwriter Associate. A successful candidate will have experience working within the real estate or financial industry in addition to formal education, reviewing mortgage applications and financial documents. Depending on your company’s requirements, a candidate may benefit from experience with specific customer management and mortgage software, such as SalesForce, Filogix, or Velocity.

Mortgage Underwriter education and training requirements

Mortgage Underwriter candidates need to have completed post-secondary education, for example, a bachelor’s degree in business administration, economics, or finance. The role is a regulated profession in most provinces and territories. Be sure that candidates have the necessary certification for your area of operation.

Mortgage Underwriter salary expectations

According to Indeed Salaries, average pay for a Mortgage Underwriter in Canada is $20.57 per hour. The actual salary earned will depend on factors like experience, location, education, and the hiring company.

Job description samples for similar positions

If a Mortgage Underwriter job description sample is not quite what you are looking for, other job description samples that may fit your needs include:

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Mortgage Underwriter job description FAQs

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