Mortgage Underwriter - Mortgage Underwriter Scotiabank Employee Review

1.0
Oct 24, 2015
Recommend
CEO approval
Business Outlook

Pros

Over the past 10 years I've worked with some amazing people. Loved my job, even on 'bad' days. Always enjoyed the challenge of bringing in more business and loved working with HFA's & Brokers to successfully approve mortgages for clients.

Cons

Severe and rapid downsizing taking place. Over 500 people laid off (or due to be laid off in near future) and that's just at the Western Service Centre in Calgary. Less than 3 months ago we were reassured our jobs were secure and didn't need to be concerned.....then last week they closed the Mortgage unit and previously the Calgary contact centre They lied to us and misled us - so many broken promises! Scotiabank is not to be trusted, they do not care about the people - no apologies & no appreciation. Stay away from Scotiabank, the focus is global expansion - even when you call the customer service line, chances are you'll be connected to South America.

Explore other reviews about Scotiabank

5.0
Mar 15, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

good culture while growing US business lines

Cons

growing US business lines while undergoing multiple changes

2.0
Jun 5, 2026
Recommend
CEO approval
Business Outlook

Pros

A couple of smart people who are kind and open to mentoring. Hours not bad given no deal flow in US.

Cons

Top heavy management. Culture values heavy politicking. Low bonuses.

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