Mortgage Underwriter

About the Company

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 competitive product proposition, flexible criteria, and service to UK, expat, and non-resident borrowers. Since launching in 2018, we 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 ColCap Financial Limited in Australia.

About the Role

As a Specialist Buy to Let Mortgage Underwriter, you will ensure appropriate lending decisions are made in a timely manner while providing high levels of service.

• Use allocated lending mandate to assess and underwrite mortgage applications in accordance with current lending policy and within mandated limits.
• Operate as a team player to ensure that all service standards and targets are consistently delivered.
• Adhere to TCF requirements and principles.
• Identify and report suspicions in line with Anti-Money Laundering legislation and procedures.
• Ensure all work is undertaken to a first-class standard by adopting a right-first-time attitude through coaching, training, and performance management.
• Ensure effective communication with internal stakeholders, external customers, and third parties.
• Support Underwriting Manager by demonstrating proactive planning, management of workloads, and recommending process improvement changes.
• Support and guide colleagues on all matters relating to the underwriting and completion of mortgages.
• Manage decisions on enquiries, new applications, and respond within agreed time frames.
• Minimise and understand the risks associated with each application.
• Obtain all necessary documentation to accurately make a lending decision.
• Manage pipeline cases through to completion.
• Work with Legal, Credit Risk, Treasury, and Finance teams to ensure all lending requirements are satisfied before the release of funds.
• Responsible for any reasonable additional tasks required 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 while adhering to regulations and standards.

As an experienced Underwriter, you will have extensive knowledge within the mortgage and loans industry, holding your own mandate. 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, including 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.

Required Skills:

• Extensive knowledge within the mortgage and loans industry.
• Minimum of 2 years of experience as a direct mandate holder.
• Experience dealing with Buy-to-let applications.
• Excellent literacy and numeracy skills.
• Strong working knowledge of Microsoft Office.

Preferred Skills:

• Experience with portfolios, multi-unit freehold blocks, and large HMOs.
• Experience of manual underwriting.

Additional Benefits:

• Health, Dental, Optical, and Mental Health Cover.
• Pension contribution (5%).
• 25 days holiday + National holidays.
• Company offsites.