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- Tasks: Join our team as a Credit Underwriter, analyzing mortgage applications and ensuring policy adherence.
- Company: We're a dynamic company in Farnborough focused on providing top-notch financial services.
- Benefits: Enjoy a supportive work environment with opportunities for growth and development.
- Why this job: Make a real impact by protecting the company from fraud while enhancing your skills in the mortgage industry.
- Qualifications: Experience in mortgage underwriting is essential; strong communication and attention to detail are key.
- Other info: Be part of a collaborative team that values your input and encourages professional growth.
The predicted salary is between 36000 - 60000 £ per year.
My client based in Farnborough are seeking a Credit Underwriter to join their team! You would be responsible for providing vital support to all areas of the business, from criteria, property queries, title issues, tracing customers, Suspicious Activity Reports and fraud.
Daily Duties
To be a point of referral on complex cases from around the business, as to whether we can consider an application. To accurately analyse and understand key elements of all mortgage applications, whilst ensuring adherence to all policies.
Where the case is of good quality but outside policy recommend to our funders as an exception for all approval.
Help protect the Company from the risk of fraud by using our anti-fraud systems such as CIFAS and SIRA to investigate and act upon information received in a timely manner.
To provide a professional, efficient, and high standard of customer service to the rest of business, customers, intermediaries, valuers, and solicitors.
To manually underwrite portfolio and complex BTL cases.
To recommend portfolio and complex BTL cases to our Funder.
To assist in maintaining and updating the lending policy, by researching, and recommending policy changes.
Develop and maintain co-operative relationships between all internal stakeholders and investigate all referrals in a professional manner. (Underwriting and Sales)
Work Fraud systems such as CIFAS, SIRA & Hunter to mitigate potential losses.
To investigate suspicious alerts identified by our fraud prevention systems.
Exercise personal lending discretion when assessing exceptions.
Carrying out Broker reviews, liaising with sales before removal of a Broker.
To assist in preparing Management Reports, ensuring they are prepared in time for Exco or Credit Committee meetings.
Develop clear and logical step-by-step plans which set out what needs to happen, when how and by whom.
Current or previous experience of working within the mortgage industry with a mortgage underwriting background and having currently or previously held a mandate.
Proven ability to exercise good commercial and professional judgment.
Effective communication skills both written and verbal.
Good attention to detail.
Adaptive to ongoing change.
PC literate with a knowledge of Microsoft Office products.
Enthusiastic, flexible, and keen to learn and develop a career.
Knowledge of CIFAS & SIRA systems would be beneficial but not essential.
Credit Underwriter employer: Mulberry Recruitment
Contact Detail:
Mulberry Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Underwriter
✨Tip Number 1
Familiarize yourself with the mortgage underwriting process and key elements of mortgage applications. Understanding these concepts will help you demonstrate your expertise during interviews and discussions.
✨Tip Number 2
Network with professionals in the mortgage industry, especially those who have experience in underwriting. This can provide you with valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Stay updated on the latest trends and regulations in the mortgage industry. Being knowledgeable about current policies will show your commitment and readiness to adapt to changes.
✨Tip Number 4
Prepare to discuss your experience with fraud prevention systems like CIFAS and SIRA. Even if you haven't used them directly, showing an understanding of their importance in underwriting can set you apart.
We think you need these skills to ace Credit Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in mortgage underwriting and showcases your ability to analyze applications accurately. Emphasize any previous roles where you exercised commercial judgment or worked with fraud prevention systems.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Credit Underwriter position. Mention specific skills that align with the job description, such as your attention to detail and effective communication skills. Provide examples of how you've successfully handled complex cases in the past.
Highlight Relevant Experience: When detailing your work history, focus on your experience within the mortgage industry. Include any specific instances where you recommended policy changes or worked with CIFAS and SIRA systems, even if it was not a primary responsibility.
Proofread Your Application: Before submitting your application, carefully proofread all documents to ensure there are no spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Credit Underwriter role.
How to prepare for a job interview at Mulberry Recruitment
✨Show Your Mortgage Knowledge
Make sure to brush up on your understanding of mortgage applications and underwriting processes. Be prepared to discuss your previous experience in the mortgage industry and how it relates to the role.
✨Demonstrate Analytical Skills
Since the role involves analyzing complex cases, be ready to showcase your analytical skills. You might be asked to walk through a sample case and explain how you would assess it.
✨Highlight Attention to Detail
Attention to detail is crucial in this position. Prepare examples from your past work where your attention to detail made a significant impact, especially in preventing fraud or errors.
✨Prepare for Scenario Questions
Expect scenario-based questions that test your judgment and decision-making skills. Think about how you would handle exceptions or suspicious activity reports, and be ready to explain your thought process.
