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For Companies At a Glance
- Tasks: Evaluate mortgage applications and assess creditworthiness for loan approvals.
- Company: Innovative financial services firm focused on high-net-worth individuals and property investors.
- Benefits: Earn up to £43k, enjoy bonuses, 25 days holiday, and flexible working options.
- Why this job: Join a dynamic team and make impactful lending decisions in a growing market.
- Qualifications: Experience in mortgage underwriting or as a broker in Buy to Let or Bridging Finance.
- Other info: Open to brokers transitioning into underwriting; strong analytical skills required.
The predicted salary is between 36000 - 60000 £ per year.
Ready to take the next step in your career? Whether you’re a broker eager to transition into mortgage underwriting, or an experienced mortgage underwriter looking for the next step in your career, this is the opportunity you’ve been waiting for!
About the Company
This company has been built by an experienced team from diverse backgrounds, all recognising the enormous potential for innovation in the UK financial services market. Their focus is on helping high-net-worth individuals and real estate investors maximise their property assets through tailored lending solutions.
The Mortgage Underwriter Role
As a mortgage underwriter specialising in Buy to Let and Bridging Finance, you will play a critical role in assessing and evaluating mortgage applications to determine creditworthiness and adherence to lending criteria. You will analyse borrower information, financial documents, and property data to make informed decisions regarding loan approvals and risk assessments.
This role is also open to experienced mortgage brokers in and around Basingstoke who are looking to transition into underwriting. If you have buy-to-let or bridging experience in property finance, this will be considered as sufficient exposure to move into an underwriting role.
Mortgage Underwriter Key Responsibilities:
- Assess and analyse mortgage applications ensuring loans align with lending criteria.
- Conduct detailed risk assessments.
- Ensure compliance with lending policies, underwriting guidelines, and regulatory requirements.
- Verify and validate borrower documentation.
- Work closely with mortgage brokers, borrowers, appraisers, and legal professionals to resolve queries.
- Make informed underwriting decisions, balancing risk factors, borrower qualifications, and property value.
- Identify potential risks and propose mitigation strategies to protect the lender’s interests.
The Mortgage Underwriter Package:
- Basic salary up to £43k.
- Annual individual and company performance bonus.
- 25 days holiday per year + bank holidays.
- Flexible working arrangements can be discussed based on requirements.
Mortgage Underwriter Desired Skills & Experience:
- A background in mortgage underwriting, or experience as a mortgage broker in Buy to Let or Bridging Finance.
- Strong knowledge of mortgage lending policies, underwriting guidelines, and regulatory compliance.
- Ability to analyse financial statements, assess risk, and make sound lending decisions.
- Excellent attention to detail and accuracy in reviewing and verifying borrower documentation.
- Effective communication and interpersonal skills to collaborate with multiple stakeholders.
- Sound judgement and decision-making abilities, considering risk factors and lending variables.
- Strong organisational skills to manage a high volume of mortgage applications within deadlines.
Interested? If you’re a mortgage broker looking to transition into underwriting, or an experienced mortgage underwriter seeking your next move, we’d love to hear from you. Contact us to arrange a call and explore this opportunity further!
Mortgage Underwriter employer: NRG Resourcing
Contact Detail:
NRG Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mortgage Underwriter
✨Tip Number 1
Network with professionals in the mortgage industry, especially those who are already working as underwriters. Attend local finance events or join online forums to connect with others and gain insights into the role.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in mortgage underwriting. This knowledge will not only boost your confidence but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Consider reaching out to current employees at the company for informational interviews. This can provide you with valuable insider information about the company culture and expectations for the Mortgage Underwriter role.
✨Tip Number 4
Prepare to discuss specific scenarios where you've assessed risk or made lending decisions in your previous roles. Real-life examples will showcase your experience and suitability for the position.
We think you need these skills to ace Mortgage Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in mortgage underwriting or as a mortgage broker, especially focusing on Buy to Let and Bridging Finance. Use specific examples that demonstrate your skills in assessing applications and risk management.
Craft a Compelling Cover Letter: Write a cover letter that not only expresses your interest in the role but also showcases your understanding of the company's focus on high-net-worth individuals and real estate investors. Mention how your background aligns with their needs.
Highlight Relevant Skills: In your application, emphasise your knowledge of mortgage lending policies, attention to detail, and ability to analyse financial statements. These are crucial for the Mortgage Underwriter role and should be clearly articulated.
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 vital in underwriting.
How to prepare for a job interview at NRG Resourcing
✨Know Your Mortgage Basics
Make sure you brush up on your knowledge of mortgage lending policies and underwriting guidelines. Being able to discuss these confidently will show that you understand the core responsibilities of a Mortgage Underwriter.
✨Prepare for Scenario Questions
Expect to be asked about specific scenarios related to risk assessment and decision-making. Prepare examples from your past experience, or think through hypothetical situations where you can demonstrate your analytical skills and sound judgement.
✨Highlight Your Attention to Detail
As a Mortgage Underwriter, accuracy is key. Be ready to discuss how you ensure thoroughness in reviewing borrower documentation and how this has positively impacted your previous roles.
✨Showcase Your Communication Skills
You'll need to collaborate with various stakeholders, so be prepared to talk about your interpersonal skills. Share examples of how you've effectively communicated complex information to clients or colleagues in the past.
