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For Companies At a Glance
- Tasks: Take ownership of complex cases from start to finish and manage a high-value pipeline.
- Company: Join a leading specialist lender known for bridging finance and BTL mortgages.
- Benefits: Enjoy a competitive salary, comprehensive benefits, and bonus opportunities.
- Why this job: Be part of a vibrant team and make impactful decisions in the lending process.
- Qualifications: Experience in secured lending and a good understanding of underwriting is essential.
- Other info: Office-based role in Watford with opportunities for training and mentorship.
The predicted salary is between 36000 - 60000 £ per year.
A leading specialist lender renowned for their expertise in bridging finance and buy-to-let (BTL) mortgages currently requires a Buy to Let Underwriter and a Senior Buy to Let Underwriter to join its highly successful and vibrant team.
A competitive salary is on offer, with comprehensive benefits and bonus. Office based in Watford.
Buy to Let Underwriter Job Description
The overall responsibility of the role is to take ownership of allocated cases from inception through to completion. To underwrite, maintain and manage a pipeline of complex and high value cases, through to offer. To assist in the training, mentoring and be a referral point to less experienced members of the team.
Buy-To-Let Underwriter Key Accountabilities
- Assessing applications that have been referred for approval by Underwriting Case Managers
- Documenting rationale as to why a case should or should not be offered
- Providing real time feedback to the Underwriting Case Managers on a case-by-case basis and provide daily, weekly, monthly reporting to the line manager.
- Underwriting and assessing loan documentation, including valuation reports, and requesting additional information from brokers for complex and high value cases where required, highlighting any concerns
- Carrying out checks on the applicants and properties and assessing their suitability for the loan applied for
- Proactive chasing of outstanding information from third parties and timely updates to introducers to enable service excellence
- Recommending and referring cases to the relevant mandate holders for approval
- Liaising with introducers, valuers, and solicitors
- Overseeing cases from inception through to offer
- Update all relevant systems to maintain management information
Buy-To-Let Underwriter Skills & Competencies
- Good understanding of business risk
- Pass internal competency tests post induction
- Very good organisational skills
- Good analytical skills
- Good verbal & written communication skills
- Attention to detail
- Time management
- Competent user of Microsoft office software
Buy-To-Let Underwriter Knowledge & Qualifications
- Experience within the secured lending sector
- A good understanding of the underwriting process
- Previous experience of managing a caseload and assessing cases for approval in a fast-paced environment
- Industry relevant qualifications are beneficial but not a requirement
- Experience underwriting mortgage applications, specifically within the BTL market.
- CeMAP (desirable, not essential)
Underwriter employer: D&R Recruitment Limited
Contact Detail:
D&R Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Familiarize yourself with the specific requirements of Buy to Let mortgages and bridging finance. Understanding the nuances of these products will help you stand out during discussions with the hiring team.
✨Tip Number 2
Network with professionals in the secured lending sector. Attend industry events or join relevant online forums to connect with others who can provide insights or even referrals for the position.
✨Tip Number 3
Brush up on your analytical skills and be prepared to discuss how you've successfully managed complex cases in the past. Real-life examples will demonstrate your capability to handle the responsibilities of the role.
✨Tip Number 4
Showcase your organizational skills by preparing a mock pipeline management system. This will not only help you practice but also give you a tangible example to discuss during your interview.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the secured lending sector and showcases your understanding of the underwriting process. Emphasize any previous roles where you managed a caseload or assessed cases for approval.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Buy to Let Underwriter position. Mention specific skills such as your analytical abilities, attention to detail, and organizational skills that align with the job description.
Showcase Relevant Experience: When detailing your work history, focus on experiences related to underwriting mortgage applications, particularly in the BTL market. Include examples of how you've successfully managed complex cases and provided feedback to team members.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no grammatical errors and that your writing is clear and professional, reflecting your good verbal and written communication skills.
How to prepare for a job interview at D&R Recruitment Limited
✨Showcase Your Underwriting Knowledge
Make sure to demonstrate your understanding of the underwriting process, especially in the buy-to-let market. Be prepared to discuss specific cases you've worked on and how you assessed their suitability for loans.
✨Highlight Your Analytical Skills
Since the role requires good analytical skills, be ready to provide examples of how you've used these skills in previous positions. Discuss how you approach complex cases and what methods you use to ensure thorough assessments.
✨Emphasize Communication Abilities
Effective communication is key in this role. Prepare to talk about how you provide feedback to case managers and liaise with introducers, valuers, and solicitors. Share examples of how your communication has led to successful outcomes.
✨Demonstrate Organizational Skills
With a focus on managing a pipeline of cases, it's important to showcase your organizational skills. Discuss how you prioritize tasks and manage your time effectively to meet deadlines and maintain service excellence.
