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- Tasks: Assess and underwrite Buy to Let mortgage applications while minimising risk.
- Company: Molo, an innovative non-bank lender transforming the UK mortgage market.
- Benefits: Health cover, pension contributions, 25 days holiday, and a hybrid work model.
- Why this job: Join a forward-thinking team and make impactful lending decisions in a dynamic environment.
- Qualifications: Minimum 2 years underwriting experience with strong literacy and numeracy skills.
- Other info: Opportunity for career growth in a supportive and collaborative workplace.
The predicted salary is between 40000 - 50000 £ per year.
Molo is a non-bank lender that offers mortgages in the United Kingdom to both UK and overseas-resident customers originated through intermediary partners. Innovation is at the core of our identity, as reflected in our flexible criteria, serving UK, expat, and non-resident borrowers. Since launching in 2018, we have led change in the UK mortgage market and have processed over £2 billion in mortgage applications. Molo is regulated by the UK's Financial Conduct Authority and is a wholly-owned subsidiary of the privately owned ColCap Financial Limited in Australia.
As a Specialist Buy to Let Mortgage Underwriter, you will ensure appropriate lending decisions are made in a well-timed manner, whilst providing incredible levels of service. Your responsibilities will include:
- Using allocated lending mandate to assess and underwrite mortgage applications in accordance with current lending policy and within mandated limits;
- Identifying and reporting suspicions in line with Anti-Money Laundering legislation and procedures;
- Ensuring all work is undertaken to a first-class standard by adopting a right-first-time attitude and approach through coaching, training, and performance management;
- Supporting the Underwriting Manager by demonstrating daily proactive planning, management of workloads, and recommending process improvement changes where appropriate;
- Supporting and guiding colleagues on all matters relating to the underwriting and completion of mortgages;
- Minimising and understanding the risks associated with each application;
- Working with Legal, Credit Risk, Treasury, and Finance teams to ensure all lending requirements are satisfied before the release of funds;
- Being responsible for any reasonable additional tasks that are required to be undertaken on a day-to-day or ad hoc basis.
This is a hybrid role coming into the office three days a week. As an Underwriter, you will be responsible for assessing and underwriting Buy to Let mortgage applications to minimise risk to the company whilst adhering to regulations and standards. You will have extensive knowledge within the mortgage and loans industry, holding your own mandate, and we are looking for an underwriter with a minimum of 2 years of experience who has been a direct mandate holder. Consideration will be given to candidates with experience dealing with Buy-to-let applications with additional expertise to include portfolios, multi-unit freehold blocks, and large HMOs. Experience of manual underwriting would be beneficial. In addition, you will possess excellent literacy and numeracy skills as well as a strong working knowledge of Microsoft Office.
Benefits include:
- Health, Dental, Optical, and Mental Health Cover;
- Pension contribution (5%);
- 25 days holiday + National holidays.
Commercial Mortgage Underwriter in Birmingham employer: Molo
Contact Detail:
Molo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Mortgage Underwriter in Birmingham
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend local mortgage and finance events. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common questions specific to underwriting roles. Think about your past experiences and how they relate to Molo's innovative approach. Show them you’re not just another candidate, but someone who gets their mission!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds as they make decisions.
✨Tip Number 4
Apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of the Molo team.
We think you need these skills to ace Commercial Mortgage Underwriter in Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Commercial Mortgage Underwriter role. Highlight your experience in underwriting, especially with Buy-to-Let applications, and any relevant skills that match what we’re looking for.
Craft a Compelling Cover Letter: Your cover letter should tell us why you’re the perfect fit for Molo. Share your passion for the mortgage industry and how your experience aligns with our innovative approach. Keep it concise but impactful!
Showcase Your Skills: Don’t forget to showcase your literacy and numeracy skills, as well as your proficiency in Microsoft Office. We want to see how you can contribute to our team and help us maintain our high standards.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get to know you better!
How to prepare for a job interview at Molo
✨Know Your Stuff
Make sure you brush up on your knowledge of the mortgage and loans industry, especially around Buy to Let applications. Familiarise yourself with Molo's unique selling points and how they differ from traditional lenders. This will show that you're genuinely interested in the role and understand the company's position in the market.
✨Showcase Your Experience
Be ready to discuss your previous underwriting experience in detail. Highlight specific cases where you've successfully assessed complex applications, particularly those involving portfolios or multi-unit freehold blocks. Use examples to demonstrate your decision-making process and how you minimised risk.
✨Prepare for Regulatory Questions
Since Molo is regulated by the FCA, expect questions about compliance and anti-money laundering procedures. Brush up on relevant legislation and be prepared to discuss how you've adhered to these regulations in your past roles. This will show that you take compliance seriously and understand its importance in the underwriting process.
✨Demonstrate Team Spirit
As an Underwriter, you'll be working closely with various teams. Be prepared to talk about how you've collaborated with colleagues in the past, whether it's through coaching or supporting them with underwriting queries. Highlighting your teamwork skills will show that you're a good fit for Molo's culture.