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- 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.
Contact Detail:
Montpellier Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Buy to Let Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in the Buy to Let market. Understanding current market conditions and regulatory changes will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the property lending sector. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities within their companies.
✨Tip Number 3
Prepare to discuss specific underwriting scenarios during your interview. Be ready to showcase your decision-making process and how you assess risk, as this will highlight your expertise and suitability for the role.
✨Tip Number 4
Research the company’s values and culture. Tailoring your conversation to align with their mission and demonstrating how you can contribute to their goals will make you a more attractive candidate.
We think you need these skills to ace Buy to Let Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in underwriting and credit exposure, particularly within the Buy to Let market. Use specific examples that demonstrate your ability to assess higher risk profiles and make lending decisions.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your understanding of the regulatory environment and how your experience aligns with the responsibilities outlined in the job description.
Highlight Relevant Qualifications: If you hold a CeMAP qualification or any other relevant certifications, be sure to mention these prominently in your application. This will show that you have the necessary credentials for the role.
Showcase Your Soft Skills: The role requires strong partnership skills and the ability to provide guidance and coaching. Include examples in your application that demonstrate your interpersonal skills and your ability to work collaboratively with teams and external customers.
How to prepare for a job interview at Montpellier Resourcing
✨Know Your Numbers
As a Buy to Let Underwriter, you'll need to demonstrate a strong understanding of financial metrics and risk assessment. Brush up on key performance indicators relevant to the BTL market and be prepared to discuss how you've applied these in your previous roles.
✨Showcase Your Regulatory Knowledge
Familiarise yourself with the regulatory frameworks such as FCA and PRA that govern the lending process. Be ready to explain how you ensure compliance in your underwriting decisions, as this will show your commitment to responsible lending.
✨Demonstrate Team Collaboration
Highlight your experience working with credit teams and Introducers. Prepare examples of how you've fostered strong partnerships and contributed to team success, as collaboration is key in this role.
✨Prepare for Scenario Questions
Expect to face scenario-based questions where you'll need to assess mortgage applications with varying risk profiles. Practice articulating your thought process and decision-making criteria to showcase your analytical skills.
