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For Companies At a Glance
- Tasks: Underwrite and approve mortgage applications for various lending products.
- Company: Join a dynamic London-based Private Bank offering hybrid work options.
- Benefits: Enjoy enhanced pension, holiday allowance, and flexible working arrangements.
- Why this job: Be part of a supportive team making impactful lending decisions in a regulated environment.
- Qualifications: Previous mortgage underwriting or lending experience is essential; must manage workload effectively.
- Other info: Opportunity to work with a pre-approved panel of Introducers for quick decision-making.
The predicted salary is between 28000 - 30000 £ per year.
Kennedy Pearce are partnering with a London based Private Bank, who offer Hybrid working, in recruiting a first and second charge Mortgage Underwriter.
JOB FUNCTION
To package, underwrite and approve new mortgage applications for a variety of first and second charge lending products.
KEY RESPONSIBILITIES
- Underwrite both residential and buy to let mortgage applications.
- Make lending decisions in line with Credit Risk Policy and individual mandate level.
- See beyond the individual components of an application, and consider the broader customer outcome and need.
- Manage new applications, incoming post and pre-submission referrals within set service standards.
- Proactively manage an assigned pipeline of applications from receipt to completion.
- Liaise with a pre-approved panel of Introducers to provide quick, accurate and reliable underwriting decisions.
- Adhere to internal underwriting policy and regulatory requirements - FCA, PRA, Money Laundering, Prevention of Financial Crime, Data Protection etc.
Essential Experience Required
- Previous Mortgage underwriting, credit or lending exposure.
- Working within a regulated environment.
- Managing and prioritising own workload.
- Liaising with Introducers and/or external customers.
- Currently holds a lending mandate - Desirable.
£28000 - £30000 per annum + Enhanced Pension & Holiday Allowance.
Mortgage Underwriter employer: Kennedy Pearce Consulting
Contact Detail:
Kennedy Pearce Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mortgage Underwriter
✨Tip Number 1
Familiarise yourself with the latest mortgage underwriting guidelines and regulations, especially those set by the FCA and PRA. This knowledge will not only boost your confidence but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Network with professionals in the mortgage industry, particularly those who work as underwriters or in related roles. Engaging with them on platforms like LinkedIn can provide valuable insights and potentially lead to referrals for job openings.
✨Tip Number 3
Prepare to discuss specific examples from your previous experience where you successfully managed a pipeline of applications. Highlighting your ability to prioritise and make quick decisions will resonate well with potential employers.
✨Tip Number 4
Stay updated on current market trends and customer needs in the mortgage sector. Being able to discuss these topics during your interview will show that you are proactive and understand the broader context of the role.
We think you need these skills to ace Mortgage Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Mortgage Underwriter. Familiarise yourself with the key functions such as underwriting residential and buy-to-let applications, and making lending decisions in line with credit risk policies.
Tailor Your CV: Highlight your previous experience in mortgage underwriting or related fields. Emphasise your ability to manage workloads, liaise with introducers, and adhere to regulatory requirements. Use specific examples to demonstrate your skills and achievements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your understanding of the mortgage industry and how your experience aligns with the job description. Be sure to address why you are a good fit for their team.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in the underwriting process.
How to prepare for a job interview at Kennedy Pearce Consulting
✨Know Your Mortgage Products
Familiarise yourself with the different types of mortgage products, especially first and second charge lending. Be prepared to discuss how you would assess applications for these products and what factors you consider important in your decision-making process.
✨Understand Regulatory Requirements
Brush up on the relevant regulations such as FCA, PRA, and anti-money laundering laws. Demonstrating your knowledge of these regulations will show that you are serious about compliance and understand the importance of adhering to industry standards.
✨Showcase Your Experience
Be ready to share specific examples from your previous roles that highlight your experience in mortgage underwriting or credit assessment. Discuss how you've managed workloads and prioritised tasks effectively in a regulated environment.
✨Prepare Questions for the Interviewers
Think of insightful questions to ask about the company's culture, their approach to underwriting, and how they support their employees in a hybrid working environment. This shows your interest in the role and helps you gauge if it's the right fit for you.
