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- Tasks: Review mortgage applications and manage a portfolio of cases to ensure accurate underwriting.
- Company: Join a niche mortgage lender aiming to be a household name in later-life lending.
- Benefits: Enjoy hybrid working options and the chance to expand your skillset in a growing team.
- Why this job: Be part of an exciting time with new products and a focus on first-class customer experience.
- Qualifications: Experience in manual underwriting and knowledge of Equity Release mortgages are essential.
- Other info: This role offers a competitive salary of up to £45k.
The predicted salary is between 36000 - 54000 £ per year.
Are you an experienced underwriter, seeking a new challenge where you can build and expand your skillset? Our client is a niche mortgage lender, with their ultimate goal to become the main household name for later-life lending, offering a variety of products and a first-class customer experience. They have a fantastic opportunity for an experienced, manual underwriter to join their expanding team; with a new product on the horizon, it’s an exciting time to join the business.
Along with manual underwriting skills, they do need an individual who has experience with Equity Release mortgages.
Duties of the Underwriter will include:
- Reviewing Mortgage applications against the Lending Policy to ensure robust underwriting decisions are made.
- Managing a portfolio of cases to completion.
- Each case to be Underwritten accurately by assessing loan documentation, including valuation reports and if required, Credit reports, and requesting additional information from brokers and customers where required, highlighting any concerns that you may have.
- Working closely with Case Managers to gather all information from third parties.
- Speaking extensively to Brokers to allow cases to progress efficiently.
Underwriter employer: Ultimate Banking
Contact Detail:
Ultimate Banking Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in Equity Release mortgages. Understanding the nuances of this specific area will not only boost your confidence but also demonstrate your commitment to the role during interviews.
✨Tip Number 2
Network with professionals in the mortgage lending industry, especially those who work with niche lenders. Engaging in conversations can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Prepare to discuss your manual underwriting experience in detail. Be ready to share specific examples of how you've successfully managed cases and made robust decisions, as this will highlight your suitability for the role.
✨Tip Number 4
Research the company’s recent developments and their new product launch. Showing that you are informed about their goals and challenges will set you apart and demonstrate your genuine interest in joining their team.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience as an underwriter, particularly focusing on manual underwriting and Equity Release mortgages. Use specific examples to demonstrate your skills and achievements in these areas.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention why you are interested in working with a niche mortgage lender and how your background aligns with their goal of providing a first-class customer experience.
Highlight Relevant Skills: In your application, emphasise your ability to review mortgage applications against lending policies and your experience managing a portfolio of cases. Detail your communication skills, especially in liaising with brokers and case managers.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an underwriter.
How to prepare for a job interview at Ultimate Banking
✨Know Your Underwriting Basics
Brush up on your manual underwriting skills and be prepared to discuss your experience with Equity Release mortgages. Understanding the nuances of these areas will show that you're not just familiar with the role, but that you can hit the ground running.
✨Familiarise Yourself with the Company
Research the niche mortgage lender and their products. Knowing their mission to become a household name in later-life lending will help you align your answers with their goals and demonstrate your genuine interest in the position.
✨Prepare for Scenario Questions
Expect questions that assess your decision-making process. Be ready to provide examples of how you've handled complex cases in the past, particularly those involving loan documentation and communication with brokers.
✨Showcase Your Communication Skills
Since the role involves extensive communication with brokers and case managers, highlight your ability to convey information clearly and effectively. Prepare examples that showcase your interpersonal skills and how they have helped you manage cases successfully.
