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For Companies At a Glance
- Tasks: Approve mortgage applications and manage a pipeline of submissions.
- Company: Join a leading specialist Property Lending company in London.
- Benefits: Earn up to £80,000 with excellent bonuses and hybrid working options.
- Why this job: Be part of a dynamic team that values responsible lending and customer outcomes.
- Qualifications: 5+ years in underwriting; CeMAP qualification is a plus.
- Other info: Opportunity for coaching and project responsibilities.
The predicted salary is between 48000 - 64000 £ per year.
A fantastic opportunity has arisen for an experienced Underwriter to join the Buy to Let mortgages department at a leading specialist Property Lending company based in the heart of London. You will be responsible for approving new mortgage applications within the Standard, Professional and portfolio Buy to Let product offering, and working to add value to the entire BTL process.
Duties of the Buy to Let Underwriter:
- Foster strong partnerships with the BTL Underwriting and Credit teams.
- Provide input and authorize credit decisions within delegated authority to promote responsible portfolio growth in alignment with Credit Policy.
- Assess and underwrite mortgage applications with higher risk profiles.
- Make lending decisions in accordance with the Credit Risk Policy, Responsible Lending Policy, and individual mandate limits.
- Act as an escalation point for team members, offering guidance, coaching, and training where necessary.
- Take a holistic approach to applications, considering overall customer needs and outcomes.
- Oversee new applications, correspondence, and pre-submission queries while meeting service level agreements.
- Proactively manage a pipeline of applications from submission through to completion.
- Collaborate with a pre-approved panel of Introducers to ensure swift, accurate, and consistent underwriting outcomes.
- Adhere to internal guidelines and regulatory frameworks, including FCA, PRA, AML, Financial Crime Prevention, and Data Protection standards.
- Take on project responsibilities and complete ad-hoc tasks as directed by management.
Requirements for the successful Buy to Let Underwriter:
- Minimum of 5 years’ experience within underwriting and/or credit exposure within the BTL/Portfolio BTL market.
- Candidates will currently be holding a non-entry level lending mandate.
- Experience liaising with Introducers and external customers.
- CeMAP Qualified highly desirable.
- Understanding and experience of the regulatory environment.
Buy to Let Underwriter employer: Montpellier Resourcing
Contact Detail:
Montpellier Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Buy to Let Underwriter
✨Tip Number 1
Network with professionals in the Buy to Let sector. Attend industry events or webinars where you can meet potential colleagues and learn more about the company culture at StudySmarter.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in the Buy to Let market. This knowledge will not only help you in interviews but also demonstrate your commitment to staying informed in this dynamic field.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your underwriting skills, particularly in high-risk scenarios. This will help you stand out as a candidate who can handle the responsibilities of the role.
✨Tip Number 4
Research StudySmarter's values and mission. Tailor your conversations during interviews to reflect how your personal values align with ours, showing that you're not just a fit for the role, but for our team as well.
We think you need these skills to ace Buy to Let Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of a Buy to Let Underwriter. Familiarise yourself with the specific duties mentioned in the job description, such as assessing mortgage applications and adhering to regulatory frameworks.
Tailor Your CV: Customise your CV to highlight relevant experience in underwriting and credit exposure, particularly within the Buy to Let market. Emphasise any specific achievements or projects that demonstrate your ability to manage higher risk profiles and collaborate with Introducers.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the property lending industry. Mention your understanding of the regulatory environment and how your experience aligns with the company's goals, particularly in promoting responsible portfolio growth.
Proofread and Edit: Before submitting your application, carefully proofread your CV and cover letter for any spelling or grammatical errors. Ensure that your documents are clear, concise, and professional, reflecting your attention to detail, which is crucial for an Underwriter.
How to prepare for a job interview at Montpellier Resourcing
✨Know Your Numbers
As a Buy to Let Underwriter, you'll be dealing with financial figures regularly. Brush up on your understanding of mortgage products, interest rates, and risk assessment metrics. Being able to discuss these confidently will show your expertise.
✨Understand the Regulatory Landscape
Familiarise yourself with the FCA, PRA, and other relevant regulations. Be prepared to discuss how these impact underwriting decisions and demonstrate your knowledge of compliance in your previous roles.
✨Showcase Your Experience
With a minimum of 5 years' experience required, be ready to share specific examples from your past roles. Highlight situations where you made significant lending decisions or improved processes, as this will illustrate your capability.
✨Emphasise Team Collaboration
The role involves working closely with various teams and external Introducers. Prepare to discuss how you've successfully collaborated in the past, and be ready to provide examples of how you’ve fostered strong partnerships.
