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- Tasks: Review mortgage applications and manage cases to ensure smooth underwriting.
- Company: Join a leading specialist mortgage lender aiming for excellence in equity release lending.
- Benefits: Enjoy 30 days holiday, health cash plan, growth shares, and a supportive wellbeing calendar.
- Why this job: Be part of an exciting time with new products and a focus on customer experience.
- Qualifications: Experience in underwriting equity release or lifetime mortgage products is essential.
- Other info: This role offers a hybrid work model with 2-3 days in the office.
The predicted salary is between 36000 - 54000 £ per year.
Mortgage Underwriter – Specialist Lending
London/Hybrid (2-3 days office based)
Salary: to £50K per annum
Our client, a specialist mortgage lender is seeking an experienced underwriter. Their ultimate goals being, to become the main household name for lifetime and equity release lending and offering a first-class customer experience. This permanent role is ideal for a manual, mandated underwriter and with a new product on the horizon, it’s an exciting time to join the business.
Duties of the Underwriter include:
- Reviewing Mortgage applications against the Lending Policy to ensure robust underwriting decisions are made.
- Managing a portfolio of cases to completion.
- Working closely with Case Managers to gather all information from third parties.
- Speaking extensively to Brokers to allow cases to progress efficiently.
Essential Criteria:
- Demonstrable experience in underwriting through to completion of Equity Release, RIO or later life mortgage products.
- A manual, mandated underwriter with a background in specialist lending.
You will work in a supportive and collaborative environment with a Wellbeing Calendar focused on supporting mental, physical and financial wellbeing.
You will be offered a competitive salary and a wealth of benefits including 30 days holiday plus bank holidays, Health cash plan, Growth Shares, Salary Sacrifice pension scheme & Employee assistance programme.
If this role appeals to you, please do apply today and we will respond promptly.
Equity Release Mortgage Underwriter employer: Ultimate Banking
Contact Detail:
Ultimate Banking Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Equity Release Mortgage Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in equity release and specialist lending. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the mortgage underwriting sector, especially those who specialise in equity release. Attend industry events or join relevant online forums to make connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Prepare for potential interview questions by practising how you would handle specific underwriting scenarios. Being able to articulate your thought process and decision-making skills will set you apart from other candidates.
✨Tip Number 4
Research the company’s values and culture, particularly their focus on customer experience and wellbeing. Tailor your discussions during interviews to reflect how your personal values align with theirs, showcasing your fit for the team.
We think you need these skills to ace Equity Release Mortgage Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in underwriting, particularly with Equity Release, RIO, or Lifetime mortgage products. Use specific examples to demonstrate your skills and achievements in the field.
Craft a Compelling Cover Letter: Write a cover letter that not only expresses your interest in the role but also outlines how your background aligns with the company's goals. Mention your experience with manual mandated underwriting and your understanding of specialist lending.
Highlight Relevant Skills: In your application, emphasise skills such as attention to detail, communication with brokers, and case management. These are crucial for the role and will show that you understand the responsibilities involved.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your professionalism and attention to detail, which are essential traits for an underwriter.
How to prepare for a job interview at Ultimate Banking
✨Know Your Underwriting Basics
Make sure you brush up on your knowledge of equity release, RIO, and lifetime mortgage products. Be prepared to discuss how you have applied these principles in your previous roles, as this will demonstrate your expertise and suitability for the position.
✨Showcase Your Communication Skills
Since the role involves extensive communication with brokers and case managers, be ready to provide examples of how you've effectively collaborated with others in the past. Highlight any experiences where your communication skills helped resolve issues or expedite processes.
✨Understand the Company’s Vision
Research the company’s goals and values, especially their aim to become a household name in equity release lending. During the interview, express how your personal values align with theirs and how you can contribute to achieving their objectives.
✨Prepare Questions for Them
Have a few thoughtful questions ready to ask at the end of the interview. This shows your genuine interest in the role and the company. You might ask about their upcoming product launch or how they support their employees' wellbeing, which is a key focus for them.
