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For Companies At a Glance
- Tasks: Assess and underwrite mortgage applications while ensuring compliance with lending policies.
- Company: Join Chetwood Bank, a forward-thinking digital bank focused on straightforward savings and mortgages.
- Benefits: Enjoy competitive salary, 25 days holiday plus your birthday off, and hybrid working options.
- Why this job: Make a real impact in the mortgage industry while developing your skills in a supportive environment.
- Qualifications: 5 years of mortgage underwriting experience and strong analytical skills required.
- Other info: Flexible working culture with excellent career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
The Underwriter will assess risk and underwrite both personal and Limited Company buy-to-let and bridging mortgage applications. They will be required to adhere to rules set out within the credit framework, as well as adhere to compliance and regulatory policy and procedures. The Underwriter will work collaboratively and build good relations within the Secured Lending Department, as well as the wider business and should be a source of reference/first point of referral for all internal and external stakeholders. This role can be hybrid/remote, with offices across the UK.
Key Responsibilities
- Structure, negotiate, and analyse proposals for approval under own authority.
- Analyse and interpret any documentation required (credit bureau, payslips, bank statements, accounts, mortgage statements, assets & liabilities, business plans) to comply with lending policy and protect our interest.
- Approve loans within specified lending mandates.
- Demonstrate strong analytical skills that aid effective decision-making, good problem-solving skills, and a “can do” attitude.
- Assess the commercial risk of secured lending applications across multiple asset classes and make recommendations on cases outside of current lending criteria.
- Provide guidance to customers, brokers, and solicitors on mortgage applications, lending policy, and internal processes and procedures all within a timely manner.
- Demonstrate excellent communication skills and the ability to communicate decisions to management, brokers, and customers via all mediums and within published SLAs.
- Demonstrate a good understanding of mortgages and underwriting within a specialist lending environment and application of the Lending Policy.
- Have a good understanding of all regulatory requirements relating to both personal and Limited Company mortgages.
- Proactively progress cases through all stages of the mortgage process; from application to completion.
- To provide effective support to the business and our customers.
Skills, Knowledge and Expertise
- A minimum of 5 years of mortgage underwriting experience with a mandate is desirable.
- Working in a similar fast-paced environment in an underwriter role.
- Ability to prioritise tasks and manage time effectively, working on own initiative and as part of a team in order to meet SLAs and deadlines.
- A good understanding of mortgages/underwriting with ability to use judgement, balancing commercial risk & opportunity.
- Good IT skills.
- Excellent verbal and written communication skills; able to remain calm under pressure.
- Up-to-date knowledge of FCA/PRA and all relevant regulatory mortgage requirements.
- Excellent organisational skills.
- Flexible approach and “can do” attitude.
Benefits
- Competitive salary.
- 25 days holiday PLUS your BIRTHDAY off.
- Pension contribution with Royal London.
- Life Assurance.
- Private medical, dental and optical health insurance with Axa.
- Hybrid working – Wrexham.
- Free breakfast available.
About Chetwood Bank
We’re a UK-based digital bank dedicated to getting the basics right and offering straightforward savings and mortgages.
Mortgage Underwriter - Wrexham employer: Chetwood Bank
Contact Detail:
Chetwood Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mortgage Underwriter - Wrexham
✨Tip Number 1
Network like a pro! Reach out to your connections in the mortgage industry, especially those who work at Chetwood Bank. A friendly chat can sometimes lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of underwriting and compliance regulations. We want you to showcase your analytical skills and problem-solving attitude, so practice answering questions that highlight these abilities.
✨Tip Number 3
Don’t just apply anywhere; focus on our website! Applying directly through StudySmarter’s platform can give you an edge, as it shows your genuine interest in the role and the company.
✨Tip Number 4
Follow up after your interview! A quick thank-you email can go a long way in keeping you top of mind. Use this opportunity to reiterate your enthusiasm for the Mortgage Underwriter position and how you can contribute to the team.
We think you need these skills to ace Mortgage Underwriter - Wrexham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Mortgage Underwriter role. Highlight your experience in underwriting, especially any specific mandates you've worked with. We want to see how your skills align with our needs!
Showcase Your Analytical Skills: Since this role requires strong analytical skills, don’t shy away from showcasing examples where you’ve successfully assessed risk or made critical decisions. We love a good story that demonstrates your problem-solving abilities!
Be Clear and Concise: When writing your application, clarity is key! Use straightforward language and get to the point. We appreciate well-structured applications that make it easy for us to see your qualifications and fit for the role.
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’s super easy to do!
How to prepare for a job interview at Chetwood Bank
✨Know Your Numbers
As a Mortgage Underwriter, you'll need to be comfortable with numbers and financial documents. Brush up on your ability to analyse credit reports, bank statements, and business plans. Practise explaining these documents clearly, as you’ll need to communicate your findings effectively during the interview.
✨Understand the Regulatory Landscape
Make sure you're up-to-date with FCA and PRA regulations related to mortgages. Familiarise yourself with compliance policies and procedures that are relevant to the role. This knowledge will not only help you answer questions confidently but also demonstrate your commitment to adhering to industry standards.
✨Showcase Your Problem-Solving Skills
Prepare examples of how you've tackled complex underwriting scenarios in the past. Think about times when you had to balance risk and opportunity, and be ready to discuss your thought process. This will highlight your analytical skills and 'can do' attitude, which are crucial for this role.
✨Build Rapport with Stakeholders
Since the role involves collaborating with various stakeholders, think about how you can demonstrate your communication skills. Prepare to discuss how you've successfully guided customers, brokers, or solicitors through the mortgage application process. Showing that you can build good relationships will set you apart from other candidates.
