At a Glance
- Tasks: Assess mortgage applications and make lending decisions while managing cases to completion.
- Company: A growing specialist lender with a focus on team collaboration.
- Benefits: Competitive pension, private medical care, 25 days annual leave, and exciting perks.
- Other info: Excellent career progression opportunities in a supportive environment.
- Why this job: Join a dynamic team and develop your skills in specialist lending.
- Qualifications: Experience in manual underwriting and strong credit assessment skills required.
The predicted salary is between 29700 - 36300 £ per year.
Location: Watford
Salary: Confirmed on application
Hours: Monday to Friday 9 am to 5.30 pm
Benefits:
- Competitive pension, life assurance, private medical, dental, and eye care
- 25 days annual leave plus bank/public holidays and annual leave purchase option
- PerkBox rewards, refreshments, and social/team events
- Excellent development and career progression opportunities
About the position:
Our client is a growing specialist lender looking for an experienced Mortgage Underwriter to join their team. They are open to considering candidates with either second charge or residential mortgage underwriting experience, making this an excellent opportunity for an underwriter looking to develop their specialist lending experience. You will be responsible for assessing mortgage applications, making lending decisions within the company's risk appetite and managing cases through to completion, while building strong relationships with broker partners and other key stakeholders.
Responsibilities:
- Underwrite applications in line with company policy, underwriting criteria and risk appetite
- Assess borrower circumstances, affordability, supporting documentation and overall credit risk to make sound lending decisions
- Manage a pipeline of cases from application through to completion
- Provide clear, concise and accurate updates to brokers throughout the underwriting process
- Proactively liaise with brokers to obtain outstanding information and documentation
- Ensure all case information and underwriting decisions are accurately recorded on the relevant systems
- Build and maintain strong relationships with mortgage brokers, solicitors and third-party suppliers
- Work closely with internal teams to ensure cases progress efficiently and within agreed timescales
- Ensure all underwriting decisions comply with FCA regulation, company policy, responsible lending and risk requirements
- Maintain high levels of service while managing a busy caseload and working to deadlines
Experience and skills required:
- Proven manual underwriting experience within a mortgage lender, with experience holding an underwriting mandate/delegated authority
- Experience underwriting second charge and/or residential mortgage applications, with strong credit assessment and lending judgement
- Good understanding of FCA regulation, responsible lending and risk requirements, with strong attention to detail and the ability to make sound lending decisions
2nd Charge Underwriter in Watford employer: Stellar Select Limited
Stellar Select Limited is an excellent employer, offering a dynamic work environment in London where you can make a significant impact in the mortgage servicing sector. With a competitive salary, flexible working arrangements, and a strong focus on employee growth and process improvement, we foster a culture that values innovation and collaboration, ensuring that our team members thrive both personally and professionally.
