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- Tasks: Evaluate loan applications and assess lending risks while ensuring compliance with regulations.
- Company: Join a leading banking client in the heart of London, shaping the future of financial services.
- Benefits: Enjoy competitive pay, potential remote work options, and opportunities for professional growth.
- Why this job: Be part of a dynamic team, make impactful decisions, and enhance your financial expertise.
- Qualifications: Must have mortgage underwriting experience, CEMAP qualification, and strong analytical skills.
- Other info: Ideal for those who thrive in fast-paced environments and love negotiating.
The predicted salary is between 36000 - 60000 £ per year.
Our banking client is looking for an experienced Mortgage Underwriter to play a pivotal role in evaluating loan applications, ensuring compliance with financial regulations, and assessing the risk associated with lending decisions. The Mortgage Underwriter will have a strong understanding of financial services with the ability and confidence to negotiate effectively with various stakeholders.
The Mortgage Underwriter will review and analyse all mortgage applications to best determine eligibility for loan approvals for Residential & Buy to Let mortgages. They will confidently conduct analysis in assessing all applicants' creditworthiness and financial stability. The Mortgage Underwriter will perform analysis identifying any potential issues that could potentially affect loan repayments, while negotiating with banks and other financial institutions to best negotiate loans.
The Mortgage Underwriter will keep up to date thorough records of all underwriting decisions and communicate findings precisely and clearly to all relevant parties, ensuring compliance with all regulatory requirements and internal policies throughout the underwriting process.
The Candidate:
- Mortgage Underwriting experience essential!
- Solid understanding of financial services, including mortgage products and market trends.
- CEMAP QUALIFIED
- Experience holding a lending mandate.
- Strong mathematical skills for analysing financial data and performing calculations.
- Excellent negotiation skills to facilitate discussions with banks and HNW clients effectively.
- Proficiency in risk analysis techniques to evaluate potential lending risks.
- Ability to work independently as well as part of a team, demonstrating strong organisational skills.
- Attention to detail is essential for ensuring accuracy in documentation and compliance checks.
Mortgage Underwriter in City of London employer: JJ Search Ltd
Contact Detail:
JJ Search Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mortgage Underwriter in City of London
✨Tip Number 1
Familiarise yourself with the latest mortgage products and market trends. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the financial services sector.
✨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 job openings.
✨Tip Number 3
Brush up on your negotiation skills. Since the role involves negotiating with banks and clients, consider role-playing scenarios with friends or colleagues to build your confidence in this area.
✨Tip Number 4
Prepare for potential interview questions by reviewing common scenarios faced by mortgage underwriters. Think about how you would handle specific challenges, as this will showcase your problem-solving abilities during the interview.
We think you need these skills to ace Mortgage Underwriter in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in mortgage underwriting and financial services. Emphasise your CEMAP qualification and any previous roles where you assessed loan applications or negotiated with banks.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the key responsibilities of the Mortgage Underwriter role. Mention your strong analytical skills, attention to detail, and ability to communicate findings clearly, as these are crucial for the position.
Showcase Relevant Skills: In your application, clearly outline your mathematical skills and proficiency in risk analysis techniques. Provide examples of how you've successfully evaluated creditworthiness and managed lending risks in past roles.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. Attention to detail is essential in this role, so ensure your documents reflect that quality.
How to prepare for a job interview at JJ Search Ltd
✨Showcase Your Mortgage Knowledge
Make sure to brush up on your understanding of mortgage products and market trends. Being able to discuss these topics confidently will demonstrate your expertise and show that you are well-prepared for the role.
✨Highlight Your Analytical Skills
Prepare examples of how you've used your mathematical skills to analyse financial data in previous roles. Discuss specific instances where your analysis led to successful loan approvals or risk assessments.
✨Demonstrate Negotiation Experience
Be ready to share experiences where you've effectively negotiated with banks or high-net-worth clients. Highlight your ability to facilitate discussions and reach favourable outcomes, as this is crucial for the role.
✨Emphasise Attention to Detail
Since accuracy in documentation and compliance checks is vital, prepare to discuss how you ensure thoroughness in your work. Share examples of how your attention to detail has positively impacted your previous underwriting decisions.
