[Hiring] Loan Quality Control Specialist (Underwriter) @BMO

Role Description

The Specialist, Loan Quality Control (Underwriter) will support mortgage quality review to verify vendor's underwriting practice following BMO’s requirements.

• Executes work and audit files to ensure timely, accurate, and efficient service delivery.
• Ensures consistent, high-quality practices/work and the achievement of business results in alignment with business/group strategies and with productivity goals.
• Analyzes root causes of any errors discovered during underwriting to provide for effective communication and coaching.
• Provides ongoing support to the continuous improvement process of the business unit.
• Thinks creatively and proposes new solutions.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works mostly independently.
• Broader work or accountabilities may be assigned as needed.

Qualifications

• Typically, between 3 – 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Underwriting experience of residential mortgages is highly preferred.
• Bilingual skills will be considered an asset.
• Verbal & written communication skills (English) - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem-solving skills - In-depth.
• 3 to 5 years of mortgage underwriting experience required.

Requirements

• Salary: $45,500.00 - $84,500.00
• Pay Type: Salaried
• Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure.
• Salaries for part-time roles will be pro-rated based on number of hours regularly worked.
• For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
• BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards.
• BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans