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- Tasks: Review mortgage applications and manage cases to ensure accurate underwriting decisions.
- Company: Join a niche mortgage lender aiming to revolutionise later-life lending with top-notch customer service.
- Benefits: Enjoy hybrid working, 30 days annual leave, health cash plan, and growth shares.
- Why this job: Be part of an exciting team during a product launch, enhancing your skills in a supportive environment.
- Qualifications: Experience in manual mortgage underwriting and Equity Release mortgages is essential.
- Other info: This role offers a blend of office and remote work for flexibility.
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 the ultimate goal of becoming 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.
The successful individual will have a strong background in manual, mortgage underwriting, specifically with Equity Release Mortgages.
Our client offers a hybrid approach to the working week, with 2 days based at their head office in London, and the remainder working remotely. Along with a competitive salary, they offer 30 days annual leave, health cash plan, growth shares and more! If this sounds like your next challenge, please apply today!
Contact Detail:
Ultimate Banking Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Network with professionals in the mortgage lending industry, especially those who specialise in Equity Release mortgages. Attend relevant events or join online forums to connect with potential colleagues and learn more about the company culture.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in the mortgage sector, particularly around manual underwriting and Equity Release products. This knowledge will not only boost your confidence but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Prepare for potential interviews by practising common underwriting scenarios and questions related to Equity Release mortgages. Being able to articulate your thought process and decision-making skills will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to work collaboratively by highlighting past experiences where you've successfully partnered with brokers or case managers. Emphasising your teamwork skills can make a significant impact during discussions with hiring managers.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in manual underwriting and specifically mentions your background with Equity Release mortgages. Use keywords from the job description to demonstrate that you meet the requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific examples of your previous work in underwriting and how it aligns with the company's goal of providing a first-class customer experience.
Highlight Relevant Skills: In your application, emphasise skills that are crucial for the role, such as attention to detail, communication with brokers, and the ability to manage a portfolio of cases. Provide examples of how you've successfully used these skills in past roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which is essential 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 products will show your expertise and readiness for the role.
✨Familiarise Yourself with the Company
Research the niche mortgage lender and their goals, especially their focus on later-life lending. Being able to articulate how your values align with theirs can make a strong impression.
✨Prepare for Scenario Questions
Expect to be asked about specific cases you've managed in the past. Prepare examples that highlight your decision-making process and how you handled challenges during the underwriting process.
✨Showcase Your Communication Skills
Since the role involves extensive communication with brokers and case managers, be ready to demonstrate your ability to convey complex information clearly and effectively. This could be through examples from your previous roles.
