Mortgage Underwriter

Pegasus Verified

Multiple Cities, Pakistan

Posted Jan 09, 2022 850 views Report Job

PKR. 60,000 - 90,000/Month

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Job Description

Company Details

Pegasus Mortgages Lending Center is a multi-national mortgage brokerage with offices in Toronto, Canada and Miami, USA.  We work with a variety of banks, professional associations, alternative and private lenders.

Our culture emphasizes learning and innovation by providing intensive training programs, seminars, and workshops where we will provide you with the skills and knowledge for you to succeed with ongoing mentor-ship and training from the leadership team. We continuously invest in your growth and development every step of the way. We are seeking an experienced mortgage underwriter with experience in a full mortgage loan life cycle including loan processing.  Join us at Pegasus Mortgage Lending Center and let’s make you a successful in your career in underwriting.

Opportunity Notes:

This is a complete work from home international work opportunity. You will be required to work during 9:00 am to 6:00 PM EST (Eastern Standard Time), Monday to Friday. You will be required to commit extra work hours depending on workload in order to ensure project timelines are met.  Holidays are granted based on Canadian scheduled holidays.

Review the job description below in detail before applying.

Only successful and qualified candidates will be contacted.

You will report to the Underwriting Manager and will be responsible for rendering credit decisions on incoming applications from our Mortgage Brokers and Third-Party Loan Originators (TPO). The Underwriter will be responsible to apply due diligence when reviewing required documentation to ensure accuracy and to protect the Company from risk. You will also be responsible to provide professional advice to our Mortgage Brokers and TPO’s in a fast but efficient manner.

In this role, you are expected to:

  • Initial Underwriting of All mortgage transactions and supporting documents as per checklists established
  • Ensures due diligence has been completed prior to signing off on any mortgage conditions or documents, where applicable
  • Prioritizes applications and workflow to ensure consistent and sound risk assessments are maintained while managing high volumes and a continued focus on service excellence
  •   Verify information on application and with the Credit Bureau to ensure accuracy
  •  Verify information to make sure it meets company guidelines and external lender guidelines/insurer (FHA, CMHC, & Genworth)
  •  Adjudicate information presented and address any discrepancies or inconsistencies
  • Verify data viewed to ensure it meets company guidelines
  • Document the deal to support recommendation for approval
  •   Condition the deal in accordance with the recommendation for approval
  • Ensure daily follow up is conducted with lenders during underwriting phase
  • Communicating with agents/brokers re deals in during office hours
  • Communication with agents/brokers in after hours with basic underwriting related matters
  • Documenting all interactions
  • Audit and Compliance Review of all mortgage transactions
  • Staying knowledgeable about emerging issues, evolving regulations and industry codes of conduct as well as participate in process improvement opportunities to protect the interests of the organization
  • Staying current with latest industry knowledge, competition, and market trends
  •  Strive to achieve and improve service level agreements and productivity targets
  •  Ensure documents are prepared consistent with relevant regulations and in a way properly reflecting business intentions
  • Participate fully as a team member, help build a positive and diverse work environment, willingly assist and mentor others in the completion of work activities, and address communication issues efficiently

Job Requirements:

  • 4 year post secondary diploma or degree in Finance, or related field
  • MBA an Asset
  •  5 years work experience in Banking, Credit and/or Investments
  •   5 years experience in underwriting of income analysis, credit analysis, purchase/sale documents, downpayment analysis, escrow/title analysis and document preparation
  •  Working experience with FHA, VA, Conventional Loans an Asset
  • Working knowledge and experience of LOS systems, DU and LP AUS systems an Asset
  •  3-4 years work experience in Customer Service Environment, particularly in dealing with Mortgage Brokers and Third-Party Originators
  •  Sound knowledge of advanced credit processes, finance and banking solutions and concepts in order to provide personalized advice to customers in a fast-paced work environment
  •  Proficiency in software tools including MS Office, CRM’s, cloud-based work environments and internet applications
  • Tactful communicator able to exchange ideas and customer information in a concise and logical way
  •  A self-initiator with strong organizational, planning and time management skills

Other Requirement:

  • A desktop workstation based on our specifications with 2 hours battery backup
  • A headset microphones
  • Internet with backup power
  • Electricity backup (Ups/Generator/Others)
  • Dedicated area/separate room for work


  • Compensation: 60,000-90,000 PKR
  •  Final Salary to be determined based on experience, certifications, and qualifications
  • If you are qualified for this position, please email us your resume with a cover letter as per above.

Job Details

Total Positions:
2 Posts
Job Shift:
Third Shift (Night)
Job Type:
Job Location:
No Preference
Minimum Education:
Career Level:
Experienced Professional
Minimum Experience:
4 Years
Apply Before:
Feb 09, 2022
Posting Date:
Jan 09, 2022

Work Environments

Supervisor’s gender:
Percentage of female coworkers:
Flexible work time:
Remote work option:
Transport allowance:
Dedicated vehicle / Pick-and-Drop:
Overnight travel requirement:
Not at all
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Banking/Financial Services · 1-10 employees - Islamabad, Lahore, Rawalpindi