Careers
Work with us!
We offer a rewarding career opportunity that includes a competitive compensation package and flexible remote-first work environment. Magenta Capital Corporation is positioned to leverage its track record, core competencies, and market position to seize opportunities in the alternative mortgage market. We work with collaborative, curious and industrious professionals who want to make meaningful contributions and value personal growth and professional development.
Our culture
Working together to build better tomorrows
Magenta Capital Corporation (MCC) is a Great Place to Work certified company with a culture of innovation, inclusivity, and empowerment. We always seek better ways of doing things, fresh thinking, and unique skills. As an equal opportunity employer, we treat each other with respect, a sense of family values and mutual inspiration for the future. Our sense of shared purpose drives us to inspire, empower and deliver.
MCC is committed to building a diverse, equitable, and inclusive tomorrow. At MCC, we believe in equal opportunities and do not discriminate based on race, colour, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status, or veteran status.
We would like to acknowledge that the lands on which Magenta Capital Corporation operates are the traditional unceded territory of the Algonquin Anishnaabeg people, and the Ancestral Traditional Territories of the Ojibway, the Anishnabe and the Mississaugas of the New Credit people.
Benefits of working at Magenta Capital Corporation
At Magenta Capital Corporation, we care about your tomorrow, and here are just some of the ways we set you up for success:
A competitive compensation package
Employee Share Purchase Plan and performance-based variable compensation
Professional development opportunities, including continuing education
Industry-leading benefits package for you and your family
A remote-first approach that help you achieve a greater work-life balance
Why our people love coming to work
Opportunities
Open Positions
Fulfillment Officer (Mortgage Industry)
As a member of the Underwriting department, the Fulfillment Officer reviews, approves, and escalates mortgage documentation received from our broker partners. The objective of the Fulfillment Officer is to review and process mortgage documentation to ensure they meet Magenta’s mortgage asset quality standards, while at the same time optimizing new advances volume.
We’re looking for a Fulfillment Officer with experience working in fast-growing, entrepreneurial environments. The position requires the ability to make consistent and objective risk assessments as part of a high-volume, deadline-driven team.
What you’ll work on:
- Working with brokers to collect all required broker conditions to ensure the accuracy and completeness of applications.
- Reviewing all documentation related to broker conditions; responsible for validating and verifying application data as well as ensuring that it matches committed terms and follows established regulatory and company guidelines and policies.
- Updating application details in the mortgage underwriting system when updated information received.
- Escalating any documentation issues, including fraud, to the Underwriter, Team Lead, Manager or Director for review and sign off.
- Escalating any exceptions to Underwriter, Manager or Director for review and sign off.
Click the button below to read the full description and apply.
Residential Underwriter
Reporting to the Manager, Underwriting, the Senior Residential Underwriter is responsible for evaluating mortgage applications, assessing borrower risk and creditworthiness, and ensuring compliance with lending guidelines while providing mentorship to junior underwriters.
We’re looking for a Senior Underwriter with experience working in a fast-growing, entrepreneurial environment. The position requires the ability to make consistent and objective risk assessments as part of a high-volume, deadline-driven team.
What you’ll work on:
- Adjudicating mortgage applications against internally defined criteria
- Negotiating loan terms to meet the needs of the borrower while following internal risk-tolerance guidelines
- Working with our broker partners to ensure accuracy and completeness of applications
- Ensuring compliance with privacy, anti-money laundering, anti-terrorist financing and anti-fraud policies
- Recommending applications for approval and issuing mortgage commitments
- Facilitating the handoff of committed files to the Fulfilment and Funding Team
Click the button below to read the full description and apply.
Renewals Specialist
Reporting to the Manager of Renewals, the Renewals Specialist is responsible for working with clients as their mortgage matures and identifying needs, negotiating rates, and recommending solutions. The incumbent will follow up with clients for signed renewal agreement and supporting documents, and routinely interact with borrowers, brokers, and other staff members from a variety of departments.
We’re looking for a team member who can work independently with borrowers and staff and become their single source of information upon maturity. Accuracy and meeting deadlines are critical to avoid confusion and lack of clarity for borrowers and other Magenta team members.
What you’ll work on:
- Proactively develop, strengthen, and maintain relationship with borrowers and brokers.
- Handle an array of customer inquiries at all stages of the file.
- Work with brokers to understand customer’s needs and to reach a common goal.
- Review inefficiencies on an ongoing basis while making recommendations to management.
- Achieve all specified departmental and individual performance goals and objectives regarding various renewal types.
Click the button below to read the full job description and apply.
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