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- Tasks: Assess and underwrite mortgage applications while ensuring compliance with regulations.
- Company: Join Chetwood Bank, a forward-thinking digital bank focused on straightforward savings and mortgages.
- Benefits: Enjoy a 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 analytical and communication skills.
- Qualifications: 5 years of mortgage underwriting experience and strong problem-solving abilities.
- Other info: Flexible work environment with opportunities for career growth and development.
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 in Wrexham employer: Chetwood Bank
Contact Detail:
Chetwood Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mortgage Underwriter in 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 job opportunities that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of underwriting and compliance regulations. We want you to show off your expertise and demonstrate how you can add value to the team!
✨Tip Number 3
Practice your communication skills! As an Underwriter, you'll need to explain complex decisions clearly. Try role-playing with a friend or family member to get comfortable with articulating your thought process.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining the Chetwood Bank team!
We think you need these skills to ace Mortgage Underwriter in Wrexham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Mortgage Underwriter role. Highlight your relevant experience, especially in underwriting and risk assessment, and don’t forget to mention any specific achievements that showcase your skills.
Show Off Your Analytical Skills: Since this role requires strong analytical skills, be sure to include examples of how you've used these in past roles. Whether it’s assessing risk or interpreting financial documents, we want to see how you can make effective decisions.
Communicate Clearly: Your written communication skills are key for this position. Make sure your application is clear and concise, and don’t hesitate to demonstrate your ability to explain complex information simply. We love a good communicator!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. 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 Chetwood Bank
✨Know Your Stuff
Make sure you brush up on your mortgage underwriting knowledge. Understand the key responsibilities of the role, especially around assessing risk and compliance with lending policies. Familiarise yourself with the latest FCA/PRA regulations to show you're on top of your game.
✨Show Off Your Analytical Skills
Prepare to demonstrate your analytical skills during the interview. Be ready to discuss how you've successfully assessed commercial risks in past roles. Use specific examples that highlight your decision-making process and problem-solving abilities.
✨Communication is Key
Since the role involves liaising with various stakeholders, practice articulating your thoughts clearly. Think about how you would explain complex mortgage concepts to customers or brokers. Good communication can set you apart from other candidates.
✨Be Ready for Scenario Questions
Expect scenario-based questions that test your judgement and ability to balance risk and opportunity. Prepare by thinking through potential situations you might face as an underwriter and how you would handle them. This will showcase your practical understanding of the role.
