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For Companies At a Glance
- Tasks: Assess and underwrite mortgage applications, ensuring compliance and conducting affordability assessments.
- Company: Join a dynamic mortgage provider making waves in the UK and European markets.
- Benefits: Enjoy a collaborative work environment with opportunities for professional growth and development.
- Why this job: Be part of a growing team that values innovation and offers a chance to impact the mortgage industry.
- Qualifications: 5+ years of underwriting experience and strong knowledge of lending criteria required.
- Other info: Relevant qualifications like CeMAP or RICS are preferred; experience with underwriting platforms is a plus.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
Miryco are delighted to be partnering with a growing mortgage provider making a huge splash in the UK and European mortgage market
This role sits within a growing mortgage business focused on asset deployment through mortgage origination.
We are seeking a highly experienced and detail-oriented Mortgage Underwriter with a strong understanding of the UK mortgage/Later-Life market.
The successful candidate will assess mortgage applications in line with lending criteria, conduct affordability assessments, and ensure regulatory compliance. The role includes underwriting both traditional repayment residential mortgages and equity release mortgages.
Key Responsibilities
- Assess and underwrite residential mortgage applications in line with internal policies and industry regulations, ensuring balanced and well-informed decisions.
- Conduct comprehensive affordability assessments, including the analysis of income, expenditure, credit history, and overall financial suitability.
- Evaluate properties against lending criteria, while demonstrating a wider market understanding of acceptable property types and risks.
- Collaborate with external partners—brokers, customers, surveyors, and conveyancers—and coordinate with internal teams to satisfy all lending requirements ahead of fund release.
- Stay informed about industry developments, product updates, and changes to the regulatory landscape in the UK mortgage market.
- Maintain detailed, accurate records of underwriting decisions to support audit and compliance processes.
- Contribute to continuous improvement initiatives, including refining underwriting processes, policies, and risk controls.
- Present updates and recommendations to internal committees where required.
- Support other areas of the business and provide guidance to colleagues as needed.
Skills & Experience
Required:
- Minimum of 5 years’ underwriting experience.
- Proven ability to perform thorough affordability assessments, including evaluation of credit searches, bank statements, financial records, and property valuations.
- Strong knowledge of lending criteria and regulatory standards.
- Excellent attention to detail and a structured approach to risk assessment.
- Effective multitasking and prioritisation abilities.
- Strong analytical, decision-making, and communication skills.
Preferred:
- Relevant qualifications such as CeMAP or RICS (AssocRICS / MRICS / FRICS).
- Experience working with mortgage underwriting platforms or case management systems.
For all other roles please Miryco's LinkedIn page
Mortgage/Later-Life Underwriter employer: Miryco Consultants Ltd
Contact Detail:
Miryco Consultants Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mortgage/Later-Life Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in the UK mortgage market, especially regarding later-life lending. Understanding current products and regulatory changes will help you stand out during discussions with potential employers.
✨Tip Number 2
Network with professionals in the mortgage industry, particularly those involved in underwriting. Attend relevant events or join online forums to connect with others who can provide insights or even refer you to job openings.
✨Tip Number 3
Brush up on your analytical skills, as they are crucial for conducting thorough affordability assessments. Consider taking a short course or workshop that focuses on financial analysis or risk assessment to enhance your expertise.
✨Tip Number 4
Prepare to discuss specific case studies or examples from your previous experience during interviews. Highlighting your decision-making process and how you navigated complex underwriting scenarios will demonstrate your capability and confidence.
We think you need these skills to ace Mortgage/Later-Life Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Mortgage/Later-Life Underwriter position. Tailor your application to highlight your relevant experience in underwriting and affordability assessments.
Highlight Relevant Experience: In your CV and cover letter, emphasise your minimum of 5 years' underwriting experience. Provide specific examples of how you've conducted affordability assessments and ensured compliance with lending criteria in previous roles.
Showcase Your Skills: Make sure to showcase your analytical, decision-making, and communication skills in your application. Use concrete examples to demonstrate your attention to detail and structured approach to risk assessment.
Tailor Your Cover Letter: Craft a personalised cover letter that addresses the specific needs of the mortgage provider. Mention your understanding of the UK mortgage market and any relevant qualifications like CeMAP or RICS that you possess.
How to prepare for a job interview at Miryco Consultants Ltd
✨Know Your Mortgage Basics
Make sure you have a solid understanding of the UK mortgage market, especially regarding residential and equity release mortgages. Brush up on current lending criteria and regulatory standards to demonstrate your expertise during the interview.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with affordability assessments and how you've evaluated financial records in the past. Be ready to provide examples of how your analytical skills have led to well-informed underwriting decisions.
✨Highlight Collaboration Experience
Since the role involves working with various external partners, be prepared to share examples of how you've successfully collaborated with brokers, customers, and other stakeholders. This will show your ability to coordinate effectively and meet lending requirements.
✨Stay Updated on Industry Trends
Demonstrate your commitment to continuous improvement by discussing recent developments in the mortgage industry. Mention any relevant changes in regulations or product updates that you are aware of, as this shows your proactive approach to staying informed.
