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- Tasks: Underwrite and assess loan applications while liaising with brokers and solicitors.
- Company: Established non-bank lender specialising in Bridging Finance.
- Benefits: Competitive salary up to £75k, hybrid working, and a supportive team environment.
- Why this job: Join a dynamic team and make impactful decisions in the finance sector.
- Qualifications: 3+ years of bridging underwriting experience and strong communication skills.
- Other info: Opportunity for professional growth in a fast-paced SME business.
The predicted salary is between 54000 - 90000 £ per year.
My client is an established non-bank lender who provides Bridging Finance.
Responsibilities
- To underwrite and assess fully packaged loan applications in line with current risk appetite and criteria
- Make an initial call to the introducer upon receipt of the fully packaged loan application to confirm understanding of the deal, concerns etc.
- Add notes to Loan Origination System to ensure that case managers can understand what items remain outstanding and to ensure that all relevant case tasks have been actioned. Ensure all data fields are correctly updated
- Issue Underwriting Shopping List/ decline cases which are outside of policy/appetite
- Review valuations/AM/QS reports (liaising with Servicing for Refurbishment loans)
- Liaising with brokers and solicitors, ensuring queries are resolved
- Deal with third party phone calls which cannot be dealt with by the case managers, due to complexity
- Create a credit paper and ensure that this is always up to date
- Approve applications within mandate and prepare for EC/approval by senior mandate holder/funder where necessary
- Resolve 2nd Signatory/EC requirements prior to offer
- Issue of Mortgage Offers
- Ensure all matters are dealt with in line with business SLA.
- Deal with post offer legal queries
- Review COT/ROT
- Review of legal documents
- Facilitate completion
- Act in a professional manner in all dealings internally and externally
- Support the Company’s objectives in a positive manner
Requirements
- Minimum of 3 years of bridging underwriting experience (ideally 5 years+)
- In depth knowledge of MCOB and all other relevant regulatory obligations
- Excellent understanding of loan process
- Experienced in communicating with brokers and customers
- Exceptional attention to detail
- Experience of working in a SME business
- Strong oral and written communication skills
Salary: up to £75k (depending on experience)
Location: London (hybrid working)
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Underwriter - Bridging Finance employer: Buckden Partners
Contact Detail:
Buckden Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Bridging Finance
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance industry, especially those who work with bridging loans. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of MCOB and regulatory obligations. We want you to shine when discussing your experience and how it aligns with the company's needs.
✨Tip Number 3
Showcase your attention to detail! During interviews, share specific examples of how you've successfully managed complex cases or resolved tricky queries. This will demonstrate your expertise in underwriting.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Underwriter - Bridging Finance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your bridging underwriting experience and any relevant skills that match the job description. We want to see how your background fits with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about bridging finance and how your experience aligns with our needs. Keep it concise but engaging – we love a good story!
Showcase Your Attention to Detail: In underwriting, attention to detail is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to double-check their work – it shows you care!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about us!
How to prepare for a job interview at Buckden Partners
✨Know Your Stuff
Make sure you brush up on your bridging finance knowledge, especially MCOB regulations and the loan process. Being able to discuss these topics confidently will show that you’re not just familiar with the basics but have a solid grasp of the industry.
✨Prepare for Real Scenarios
Think about specific cases you've handled in the past. Be ready to discuss how you assessed loan applications, dealt with complex queries, or liaised with brokers and solicitors. This will demonstrate your practical experience and problem-solving skills.
✨Show Off Your Attention to Detail
Since this role requires exceptional attention to detail, prepare examples that highlight your meticulousness. Whether it’s about reviewing legal documents or ensuring data accuracy, having concrete examples will make your case stronger.
✨Communicate Clearly
Practice articulating your thoughts clearly and concisely. Since strong oral and written communication skills are essential, consider doing mock interviews or explaining complex concepts to a friend to refine your delivery.