Mortgage Underwriter – Private & Alternative Mortgages

Company Overview

Indigoblue Group of Companies is a forward-thinking provider of private mortgages and alternative investments. We empower borrowers and investors with creative solutions where traditional financial institutions cannot. Headquartered in Toronto and led by seasoned industry professionals, we are building the future of alternative lending through integrity, innovation, and a relentless focus on results.

Position Overview

We are seeking a confident, analytical, and results-driven Underwriter to play a key role in our growing private mortgage lending business. This opportunity is ideal for a motivated professional who brings sound credit judgment, takes pride in their work, and is ready to assume greater responsibility within a dynamic organization.

The successful candidate will take ownership of underwriting activities, maintain high standards of credit quality, drive efficient turnaround times, and build strong working relationships across departments. We value initiative, sound reasoning, accountability, and the confidence to make recommendations and contribute to business decisions.

As Indigoblue continues to grow, this position offers meaningful opportunities for professional development and potential advancement into senior underwriting and leadership roles.

Key Responsibilities

• Independently assess first- and second-mortgage applications, considering creditworthiness, affordability, collateral strength, loan-to-value and viable exit strategies.
• Critically review credit analyses, property valuations, income assessments and supporting documents; identify inconsistencies, challenge assumptions and exercise sound judgment.
• Structure lending solutions and recommend appropriate loan amounts, pricing, terms, conditions and policy exceptions, with clear supporting rationale.
• Present concise, defensible credit recommendations to management or credit committee and escalate material risks appropriately.
• Oversee underwriting quality and completion of conditions to support accurate commitments and timely funding.
• Lead timely, effective communication and handoffs among business development, underwriting, legal, funding, servicing and mortgage brokers across the group.
• Take ownership of the underwriting pipeline, establish priorities, resolve bottlenecks and consistently deliver on service-level agreements (SLAs) and closing deadlines.
• Maintain strong credit controls and appropriate compliance, fraud-risk and AML escalations while protecting sensitive borrower information.
• Identify practical process improvements, share knowledge and help foster a culture of accountability, responsiveness and continuous improvement.

Qualifications

• Minimum 3 years of residential mortgage underwriting experience; exposure to private, alternative or non-prime lending is strongly preferred.
• Strong credit judgment and practical knowledge of first- and second-mortgage lending, LTV/CLTV, appraisals, income analysis, mortgage priority and exit strategies.
• Required experience in mortgage fraud detection and AML compliance, including FINTRAC-aligned know-your-client (KYC) and identity verification, identifying potentially fraudulent or inconsistent income documents, and critically reviewing appraisals and title for risks and irregularities.
• Proven ability to manage multiple transactions, prioritize effectively and deliver high-quality work within tight deadlines.
• Excellent analytical, critical-thinking, problem-solving and communication skills, with a strong sense of ownership and responsibility.
• Initiative, professionalism and leadership potential; prior people-management experience is not required.
• Comfort with modern underwriting technology, mortgage systems and Microsoft Office; ability to evaluate analytical information critically.
• Relevant post-secondary education is an asset; equivalent practical industry experience will be considered.
• FSRA mortgage agent licence is an asset.

Benefits: 100% employer-paid benefits and paid vacation.

Job Type: Full-time, Permanent | Work Arrangement: In-office, Toronto, Ontario