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- Tasks: Join our fun underwriting team to process mortgage applications and develop your skills.
- Company: OSB Group is transforming into 'the bank of the future' with a focus on community and employee well-being.
- Benefits: Enjoy hybrid working, enhanced family benefits, and an annual bonus opportunity.
- Why this job: Be part of a supportive team that values personal growth and diversity in a dynamic workplace.
- Qualifications: Previous experience as a mandated mortgage underwriter and knowledge of FCA/PRA regulations are essential.
- Other info: We promote inclusivity and encourage diverse applicants to apply, even if they don't meet every requirement.
The predicted salary is between 28000 - 32000 £ per year.
OSB Group West Midlands, England, United Kingdom
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OSB Group West Midlands, England, United Kingdom
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This range is provided by OSB Group. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
About the team:
Do you want to be part of a team of driven professionals who are focused and know how to have fun too? Our underwriting team in Wolverhampton is just that, and has a vast wealth of knowledge and experience within the specialist lending sector. Whether you need support with a case or just a friendly ear, our team is one where you arrive as a colleague and soon become a friend, and we can\’t wait to be joined by the right people. Could that be you?
What you will be doing:
As an Underwriter (Tier 2) you will have the opportunity to facilitate and progress mortgage applications, within the assigned mandate level, through to mortgage offer, and completion where applicable, in line with the Bank\’s operating procedures and policies and the Mortgage Credit Directive.
You will work within a supportive and engaged team, with access to a clear progression matrix to drive your development.
Your responsibilities will include…
- Learning and developing underwriting skills, via training and coaching, with a view to obtaining own personal Lending mandate.
- Underwriting allocated applications to offer, within assigned mandate level and agreed service standards, requesting further information from relevant stakeholders where required and verifying this on receipt.
- Presenting cases to the Underwriting Manager for guidance and approval where appropriate.
- Offering mortgages to approved borrowers, within assigned mandate level and agreed service standards, requesting any outstanding information if required and verifying it on receipt.
- Communicating with intermediaries by telephone and in writing, handle objections and provide objective feedback to any questions.
- Managing escalations and resolve technical queries from other team members.
What\’s in it for you?
We offer a base salary dependent on experience of between £ 34,000 – £ 37,000 and a competitive benefits package including:
- Enhanced family-focused benefits
- Hybrid-working *3 days in the office, 2 at home
- Annual bonus opportunity
Please use this link to see the fantastic benefits available at OSB: OSB Careers
About us:
At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become \’the bank of the future\’.
Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.
Do you have the skills?
We are looking for talented individuals who have the experience and knowledge set out below:
- Previous experience as a mandated mortgage underwriter within a UK financial services provider is essential.
- Detailed level of knowledge of the FCA/PRA regulations regarding residential mortgages is essential.
- Detailed knowledge of the Knowledge and Competence requirements of the Mortgage Credit Directive is essential.
- Ability to manage busy workloads is essential.
Next steps:
Interested? Apply now!The closing date for applications is 12th September
Still considering? Hear from our team or learn more about our recruitment process: OSB Careers
We believe in a personalised and inclusive approach, ensuring the process is relevant and conversational. If you need any adjustments or support, we\’re here to make sure you can show your best self.
Diversity, Equity & Inclusion
Our team value spending time together in the office, typically 3 days a week to support collaboration and connection with colleagues, but we\’re happy to have a conversation about what flexibility might look like for you.
Not sure if you meet all the criteria? Let us decide. Studies show that candidates from underrepresented backgrounds often feel they need to meet 100% of the criteria before applying. At OSB, we value the unique perspectives and experiences that diversity brings. We\’re committed to creating an inclusive space where everyone feels empowered to apply – even if you don\’t check every box.
We actively promote diversity at all levels, with Board-level Diversity Champions monitoring our progress. We\’re proud to be signatories of the Women in Finance Charter, supporting the growth of senior women in our sector. Our commitment extends to treating all employees and applicants equitably, ensuring fairness and respect for all.\”
#INDLP
Seniority level
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Seniority level
Mid-Senior level
Employment type
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Employment type
Full-time
Job function
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Job function
Finance
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Industries
Banking
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Underwriter Tier 2 employer: OSB Group
Contact Detail:
OSB Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter Tier 2
✨Tip Number 1
Familiarise yourself with the specific regulations and guidelines set by the FCA/PRA regarding residential mortgages. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the industry standards expected of an Underwriter.
✨Tip Number 2
Network with current or former employees of OSB Group, especially those in the underwriting team. They can provide valuable insights into the company culture and expectations, which can be a great advantage during your application process.
✨Tip Number 3
Prepare to discuss your experience with managing busy workloads and how you've successfully handled multiple applications in the past. Being able to share specific examples will showcase your ability to thrive in a fast-paced environment.
✨Tip Number 4
Research the latest trends in the mortgage lending sector, particularly any recent changes in regulations or market conditions. Showing that you're up-to-date with industry developments can set you apart from other candidates.
We think you need these skills to ace Underwriter Tier 2
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Underwriter Tier 2. Familiarise yourself with the key skills and experience required, such as knowledge of FCA/PRA regulations and the Mortgage Credit Directive.
Tailor Your CV: Customise your CV to highlight relevant experience in mortgage underwriting. Emphasise your previous roles, particularly any mandated underwriting experience within UK financial services, and showcase your understanding of the industry regulations.
Craft a Compelling Cover Letter: Write a cover letter that reflects your enthusiasm for the role and the company. Mention specific aspects of OSB Group that appeal to you, such as their commitment to professional development and diversity, and explain how your background aligns with their values.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is accurate and clearly presented. A polished application demonstrates attention to detail, which is crucial in underwriting.
How to prepare for a job interview at OSB Group
✨Know Your Regulations
Make sure you have a solid understanding of the FCA/PRA regulations and the Mortgage Credit Directive. Being able to discuss these in detail will show your expertise and readiness for the role.
✨Demonstrate Your Underwriting Skills
Prepare examples from your previous experience where you successfully managed mortgage applications. Highlight any specific challenges you faced and how you overcame them, as this will showcase your problem-solving abilities.
✨Showcase Team Spirit
Since OSB Group values a supportive team environment, be ready to discuss how you work collaboratively with colleagues. Share instances where you contributed to team success or helped resolve conflicts.
✨Ask Insightful Questions
Prepare thoughtful questions about the team dynamics, training opportunities, and progression within the company. This not only shows your interest but also helps you gauge if the company culture aligns with your values.
