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- Tasks: Underwrite complex loan applications and liaise with brokers and solicitors.
- Company: Established non-bank lender with a focus on short-term lending.
- Benefits: Competitive salary, hybrid working, and opportunities for professional growth.
- Why this job: Join a dynamic team and make impactful decisions in the lending industry.
- Qualifications: 3+ years of complex underwriting experience and strong communication skills.
- Other info: Work in a supportive environment with a focus on career development.
The predicted salary is between 36000 - 60000 £ per year.
My client is an established non-bank lender who provides complex, short term lending.
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 post received
- 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
What you will Bring:
- Minimum of 3 years of complex 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: dependant on experience
Location: London (hybrid working)
Underwriter (Complex Short Term Lending) employer: Buckden Partners
Contact Detail:
Buckden Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter (Complex Short Term Lending)
✨Tip Number 1
Network like a pro! Reach out to your connections in the lending industry, especially those who know the ins and outs of complex underwriting. 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 regulations and the loan process. We want you to be the go-to expert in the room, so practice explaining complex concepts in simple terms to show off your communication skills.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you fresh in the interviewer's mind. Plus, it shows your professionalism and attention to detail—qualities that are super important in underwriting.
✨Tip Number 4
Apply through our website for the best chance at landing that underwriter role. We love seeing candidates who take the initiative to connect directly with us, and it gives you a leg up in the application process!
We think you need these skills to ace Underwriter (Complex Short Term Lending)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your complex underwriting experience and any relevant skills that match the job description. We want to see how your background aligns 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 the perfect fit for this role. Mention your understanding of MCOB regulations and your experience with brokers, as these are key aspects we value.
Showcase Attention to Detail: In underwriting, attention to detail is crucial. Make sure your application is free from typos and errors. We appreciate candidates who take the time to ensure their documents are polished and professional.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Buckden Partners
✨Know Your Underwriting Inside Out
Make sure you brush up on your knowledge of complex underwriting processes and MCOB regulations. Be prepared to discuss specific cases you've worked on, showcasing your experience and understanding of the loan process.
✨Communicate Like a Pro
Since the role involves liaising with brokers and solicitors, practice articulating your thoughts clearly. Prepare examples of how you've resolved complex queries in the past, demonstrating your strong communication skills.
✨Attention to Detail is Key
Highlight your exceptional attention to detail during the interview. Bring along examples of how your meticulous nature has positively impacted your previous work, especially in reviewing legal documents or valuations.
✨Showcase Your Team Spirit
This role requires collaboration with case managers and other departments. Be ready to discuss how you've supported team objectives in the past and how you can contribute positively to the company's goals.
