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- Tasks: Evaluate mortgage applications and assess risk to make informed decisions.
- Company: Join a reputable mortgage lender known for its dynamic team and commitment to excellence.
- Benefits: Enjoy a collaborative work environment with opportunities for professional growth.
- Why this job: Be a key player in shaping financial futures while ensuring compliance and improving processes.
- Qualifications: Proven experience as a Mortgage Underwriter is essential; strong understanding of mortgage products required.
- Other info: Stay updated on market changes and contribute to continuous improvements in underwriting.
The predicted salary is between 43200 - 72000 £ per year.
Underwriter London/Hybrid £competitive Our client is a solution led, specialist mortgage lender, offering a wide variety of later life mortgage products to the market, focussed on the borrowing needs of those aged 50+. They care passionately about their customers and are seeking a customer-centric, experienced underwriter to join their dedicated team. As their Underwriter, you will underwrite, review and approve their standard mortgage applications within an agreed mandate level, ensuring mortgages are originated within the business risk appetite and in accordance with policies. The office is based in Fitzrovia, which is easily accessible via public and they can offer a hybrid approach to the working week, with 2 days at their head office and the remainder working remotely if you so wish. Duties of the Underwriter will include: * Managing a busy pipeline of applications from submission to completion. * Having the ability to make sound discretionary lending decisions within an agreed risk appetite and Lending Policy. * Exercising discretion on cases outside of standard lending policy. * Obtain and retain a lending mandate. The successful candidate will possess: * Previous manual underwriting experience and equity release experience would be highly desirable. * A customer focussed individual and a real team player, someone who can build effective working relations, often remotely * Attention to detail and a positive attitude to constantly learning
Mortgage Underwriter employer: Ultimate Banking
Contact Detail:
Ultimate Banking Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mortgage Underwriter
✨Tip Number 1
Make sure to familiarize yourself with the latest mortgage products and underwriting criteria. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a fast-paced industry.
✨Tip Number 2
Network with professionals in the mortgage lending field. Attend industry events or join online forums where you can connect with other underwriters and lenders. This can lead to valuable insights and potential job referrals.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your decision-making skills and ability to assess risk. Being able to articulate your thought process will set you apart during the interview.
✨Tip Number 4
Stay informed about changes in the regulatory environment and mortgage market trends. Showing that you are proactive about compliance and market knowledge can greatly enhance your candidacy.
We think you need these skills to ace Mortgage Underwriter
Some tips for your application 🫡
Tailor Your Resume: Make sure your resume highlights your experience as a Mortgage Underwriter. Focus on relevant skills such as evaluating mortgage applications, assessing risk, and understanding underwriting guidelines.
Craft a Compelling Cover Letter: Write a cover letter that showcases your expertise in the mortgage industry. Mention specific experiences where you successfully assessed applications and made informed decisions in compliance with regulations.
Highlight Compliance Knowledge: Emphasize your understanding of company policies and regulatory requirements in your application. This is crucial for the role, so provide examples of how you've ensured compliance in past positions.
Showcase Communication Skills: Since the role involves communicating with brokers, agents, and internal stakeholders, highlight your strong communication skills. Provide examples of how you've effectively resolved application issues in previous roles.
How to prepare for a job interview at Ultimate Banking
✨Know Your Mortgage Products
Make sure you have a solid understanding of various mortgage products and underwriting criteria. Be prepared to discuss how different products can affect risk assessment and applicant suitability.
✨Demonstrate Compliance Knowledge
Familiarize yourself with the regulatory requirements and company policies relevant to mortgage underwriting. During the interview, highlight your experience in ensuring compliance and how you've navigated regulatory changes in the past.
✨Showcase Your Decision-Making Skills
Be ready to provide examples of how you've made informed decisions on mortgage applications. Discuss your thought process when assessing risk and determining affordability, as this will demonstrate your critical thinking abilities.
✨Communicate Effectively
Since communication with brokers, agents, and internal stakeholders is key, practice articulating complex information clearly. Prepare to discuss how you've resolved application issues in the past and maintained strong working relationships.
