Underwriter (Complex Short Term Lending)

Overview

My client is an established non-bank lender who provides complex, short term lending.

Responsibilities

• 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 and any concerns
• Add notes to the Loan Origination System to ensure case managers understand outstanding items and that all relevant case tasks are actioned; ensure all data fields are correctly updated
• Issue Underwriting Shopping List/decline cases which are outside policy/appetite
• Review valuations/AM/QS reports (liaising with Servicing for refurbishment loans)
• Liaise with brokers and solicitors to resolve queries
• Handle third-party phone calls that cannot be dealt with by case managers due to complexity
• Create and maintain credit papers
• 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 mortgage offers
• Ensure all matters are dealt with in line with business SLA
• Deal with post-offer legal queries
• Review COT/ROT and review of legal documents
• Support completion and act in a professional manner in all dealings
• 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 the loan process
• Experience communicating with brokers and customers
• Exceptional attention to detail
• Experience working in a SME business
• Strong oral and written communication skills

Salary and Location

Salary: dependant on experience

Location: London (hybrid working)

Job Details

• Employment type: Full-time
• Job function: Other and Analyst
• Industries: Banking and Financial Services