At a Glance
- Tasks: Underwrite mortgage applications and assess borrower circumstances to make sound lending decisions.
- Company: Join a specialist lender with a focus on intermediary-only services.
- Benefits: Enjoy competitive pension, private medical care, and 25 days annual leave.
- Other info: Dynamic team culture with excellent career progression opportunities.
- Why this job: Make a real impact in a growing lending environment while developing your career.
- Qualifications: Proven manual underwriting experience 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:
This is a great opportunity for an experienced Residential or Second Charge Mortgage Underwriter to join an intermediary-only specialist lender. Our client will consider candidates from specialist, prime or high-street lending backgrounds, with both current and previous underwriting experience considered. You must have strong manual underwriting experience and have held an underwriting mandate/delegated authority. This is an excellent opportunity to bring your existing underwriting experience into a growing specialist lending environment.
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
For more information regarding the role, please contact us.
Residential Mortgage Underwriter in Watford employer: Stellar Select
Stellar Select is an excellent employer, offering a supportive work culture that prioritises employee well-being and professional growth. With a hybrid work arrangement in the picturesque setting of Oxfordshire, employees benefit from a comprehensive healthcare cash plan, generous holiday allowance, and continuous development opportunities, making it a rewarding place to build a career in mortgage arrears management.
StudySmarter Expert Advice🤫
We think this is how you could land Residential Mortgage Underwriter in Watford
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Stellar Select. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Residential Mortgage Underwriter in Watford
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Stellar Select.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Stellar Select's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Stellar Select
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Stellar Select.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Stellar Select will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Stellar Select employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
