Job Description
Full time | Junior/Mid Level | Reports to the Chief Risk Officer
Position Summary
Reporting to the Chief Risk Officer, the Quality Assurance Analyst Pre-Fund is responsible for performing quality assurance credit reviews for all lending products (mortgages, loans, and lines of credit). The Quality Assurance Analyst Pre-Fund assists with credit quality reviews using the established process and procedures. The Quality Assurance Analyst Pre-Fund serves as part of the 2nd line of defense to ensure loan quality and guidelines for all lending products are met.
Key Responsibilities
Operate within and promote compliance with company policies and procedures and all statutes and legislation governing the workplace including the Bank’s Code of Conduct.
Review the loan data input to the application origination system (LMS) for accuracy.
Review the loan underwriter’s credit decision and supporting documentation to identify any discrepancies to the Underwriting Guidelines.
Review the Rental Worksheet to ensure accuracy of input.
Recalculate Loan to Value (LTV) and debt service ratios to ensure accuracy.
Validate the source of down payment funds, income, assets, and liabilities comply with the Underwriting Guidelines.
Prepare individual loan QA worksheets to capture findings.
Prepare monthly summary reports of findings.
Remain current with changes to WealthONE Underwriting Guidelines.
Support a positive work environment that promotes quality, innovation, and teamwork.
Support a culture of risk management and control, supported by effective processes in alignment with policies, frameworks, and the Bank’s risk appetite.
Requirements
Undergraduate degree and/or over 2 years of relevant work experience.
Working knowledge of lending processes and methodologies.
Previous Residential Mortgage Underwriting or Mortgage Quality Assurance Review experience a definite asset.
Knowledge of the Delta360 Loan Origination System an asset.
Ability to read and interpret loan underwriting documents, including credit reports.
Attention to detail is a required skill.
Working knowledge of MS Office suite (Word, Outlook, Excel, and PowerPoint).
A strong team player with good organization skills and ability to prioritize to meet timelines.
Excellent interpersonal and highly developed communication skills (verbal and written).
Analytical thinker who is a self-starter and capable of working in a fast-paced environment.
Ability to work independently and with a high level of professionalism, tact, and integrity due to the sensitive nature of information.
What You Need to Know
At WealthONE, our people are our greatest asset. You’ll become part of a diverse and growing team that acknowledges everyone’s unique talents to do what’s right for the client, and to do it well. As part of our team, you will:
Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and at home.
Connect: Work in a place that fosters creativity and collaboration.
Develop: Apply your skills and grow your career in a young, fast-growing environment.
Prosper: Share in our collective success with a competitive salary, incentive pay, and excellent health benefits program.
WealthONE is an equal opportunity employer committed to creating an inclusive environment where all team members and clients feel like they belong.
This position is hybrid and you must be willing to work in-office 2 days per week. You also need to be legally eligible to work in Canada.
To learn more, please visit us at Wealth One Bank of Canada - About Us (https://www.wealthonebankofcanada.com/Personal/AboutUs/)
Position Summary
Reporting to the Chief Risk Officer, the Quality Assurance Analyst Pre-Fund is responsible for performing quality assurance credit reviews for all lending products (mortgages, loans, and lines of credit). The Quality Assurance Analyst Pre-Fund assists with credit quality reviews using the established process and procedures. The Quality Assurance Analyst Pre-Fund serves as part of the 2nd line of defense to ensure loan quality and guidelines for all lending products are met.
Key Responsibilities
Operate within and promote compliance with company policies and procedures and all statutes and legislation governing the workplace including the Bank’s Code of Conduct.
Review the loan data input to the application origination system (LMS) for accuracy.
Review the loan underwriter’s credit decision and supporting documentation to identify any discrepancies to the Underwriting Guidelines.
Review the Rental Worksheet to ensure accuracy of input.
Recalculate Loan to Value (LTV) and debt service ratios to ensure accuracy.
Validate the source of down payment funds, income, assets, and liabilities comply with the Underwriting Guidelines.
Prepare individual loan QA worksheets to capture findings.
Prepare monthly summary reports of findings.
Remain current with changes to WealthONE Underwriting Guidelines.
Support a positive work environment that promotes quality, innovation, and teamwork.
Support a culture of risk management and control, supported by effective processes in alignment with policies, frameworks, and the Bank’s risk appetite.
Requirements
Undergraduate degree and/or over 2 years of relevant work experience.
Working knowledge of lending processes and methodologies.
Previous Residential Mortgage Underwriting or Mortgage Quality Assurance Review experience a definite asset.
Knowledge of the Delta360 Loan Origination System an asset.
Ability to read and interpret loan underwriting documents, including credit reports.
Attention to detail is a required skill.
Working knowledge of MS Office suite (Word, Outlook, Excel, and PowerPoint).
A strong team player with good organization skills and ability to prioritize to meet timelines.
Excellent interpersonal and highly developed communication skills (verbal and written).
Analytical thinker who is a self-starter and capable of working in a fast-paced environment.
Ability to work independently and with a high level of professionalism, tact, and integrity due to the sensitive nature of information.
What You Need to Know
At WealthONE, our people are our greatest asset. You’ll become part of a diverse and growing team that acknowledges everyone’s unique talents to do what’s right for the client, and to do it well. As part of our team, you will:
Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and at home.
Connect: Work in a place that fosters creativity and collaboration.
Develop: Apply your skills and grow your career in a young, fast-growing environment.
Prosper: Share in our collective success with a competitive salary, incentive pay, and excellent health benefits program.
WealthONE is an equal opportunity employer committed to creating an inclusive environment where all team members and clients feel like they belong.
This position is hybrid and you must be willing to work in-office 2 days per week. You also need to be legally eligible to work in Canada.
To learn more, please visit us at Wealth One Bank of Canada - About Us (https://www.wealthonebankofcanada.com/Personal/AboutUs/)
💡 Quick Summary
Seeking a career-building opportunity? The Pre-Funding Quality Assurance Analyst position is now open for candidates interested in the Helper Jobs sector. This role in Toronto offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Helper Jobs is a plus.