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- Tasks: Assess and approve Buy-To-Let lending proposals while managing a dynamic pipeline.
- Company: Join a leading financial services firm in London with a strong reputation.
- Benefits: Enjoy 25 days holiday, private healthcare, and flexible working options.
- Why this job: Be part of a fast-paced team making impactful lending decisions in a collaborative environment.
- Qualifications: Minimum 2 years in mortgage underwriting with strong analytical and interpersonal skills required.
- Other info: Hybrid work model with opportunities for professional growth and development.
The predicted salary is between 43200 - 72000 £ per year.
Location: London, Hybrid 3 days a week in the office
Salary: Up to £60,000
Hours: Monday - Friday 9am - 6pm
Benefits:
- 25 Days Holiday
- Pension scheme
- Private healthcare
- Discretionary Bonus
- Other flexible benefits
About the role:
Reporting to the Head of Buy-to-Let Underwriting, this role involves assessing and approving new BTL lending proposals in line with company lending policies. You will be responsible for evaluating risk, ensuring loans are suitable and fit for purpose, and clearly communicating lending decisions to all relevant stakeholders. In this fast-paced and dynamic environment, you will manage a pipeline of cases, making informed underwriting decisions while adhering to internal policies. For cases outside of mandate or policy, you will present lending rationales to the Credit Committee. You will collaborate closely with Case Managers, BDMs, and Completion Managers, overseeing applications from initial enquiry through to completion.
Responsibilities:
- Underwrite new lending proposals in line with policy, documenting and seeking approval for exceptions.
- Provide clear, concise lending recommendations for proposals outside mandate parameters.
- Present Credit Papers for high-value transactions to the Credit Committee.
- Participate in daily deal committees.
- Assess and evaluate valuation reports.
- Communicate underwriting requirements and decisions effectively to intermediaries.
- Collaborate with Case and Completions Managers to ensure understanding of underwriting conditions.
Experience required:
- Minimum 2 years in a mortgage underwriting role
- Held a sole signatory mandate of £500k+
- Experience of presenting proposals to senior signatories
- Strong analytical skills with ability to articulate clear lending rationales and recommendations
- Confident in own decision-making abilities
- Pragmatic approach to lending
- Strong interpersonal skills
- Highly numerate
For more information regarding the role, please contact us.
Senior Buy to Let Underwriter employer: Stellar Select Limited
Contact Detail:
Stellar Select Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Buy to Let Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the buy-to-let market. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a fast-paced environment.
✨Tip Number 2
Network with professionals in the mortgage underwriting field. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare for potential interview questions by practising how you would present lending rationales and decisions. Being able to articulate your thought process clearly will set you apart from other candidates.
✨Tip Number 4
Showcase your analytical skills by discussing specific examples of past underwriting decisions you've made. Highlighting your experience with high-value transactions will resonate well with our hiring team.
We think you need these skills to ace Senior Buy to Let Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in mortgage underwriting, especially any roles where you've held a sole signatory mandate. Use specific examples to demonstrate your analytical skills and decision-making abilities.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your understanding of the Senior Buy-To-Let Underwriter role. Mention your experience with presenting proposals and collaborating with various stakeholders, as well as your pragmatic approach to lending.
Showcase Your Skills: In your application, emphasise your strong interpersonal skills and ability to communicate effectively. Provide examples of how you've successfully managed a pipeline of cases and made informed underwriting decisions.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in underwriting.
How to prepare for a job interview at Stellar Select Limited
✨Know Your Numbers
As a Senior Buy-To-Let Underwriter, you'll need to demonstrate strong analytical skills. Brush up on your numerical abilities and be prepared to discuss how you evaluate risk and assess valuation reports during the interview.
✨Understand the Lending Policies
Familiarise yourself with the company's lending policies and procedures. Be ready to explain how you would underwrite new lending proposals in line with these policies and how you would handle exceptions.
✨Prepare for Scenario Questions
Expect scenario-based questions where you may need to present lending rationales or make decisions on high-value transactions. Practise articulating your thought process clearly and concisely.
✨Showcase Your Interpersonal Skills
Collaboration is key in this role. Be prepared to discuss your experience working with Case Managers, BDMs, and Completion Managers, and how you ensure effective communication of underwriting requirements and decisions.
