At a Glance
- Tasks: Underwrite mortgage applications and assess financial information with precision.
- Company: Join Teachers Building Society, dedicated to helping customers achieve home ownership.
- Benefits: Hybrid work, competitive salary, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on customer service and operational efficiency.
- Why this job: Make a real difference in people's lives by helping them secure their dream homes.
- Qualifications: Experience in mortgage underwriting and strong analytical skills required.
The predicted salary is between 30000 - 40000 € per year.
Salary: DOE
Location: Wimborne, Dorset / Hybrid
Full Time - 35 hours per week (Monday - Friday, 9:00am-5:00pm)
About the role
At Teachers Building Society, we pride ourselves on helping customers achieve one of life’s biggest milestones, owning their home. The Society offers expert mortgage advice, and a comprehensive range of financial solutions designed to suit every stage of life. We are seeking an experienced and detail-focused Mortgage Underwriter to join our busy and dynamic team. This is an excellent opportunity for someone with a strong background in financial services and mortgage underwriting who is confident in assessing applications, making sound lending decisions, and delivering a high standard of service.
Responsibilities
- Underwriting mortgage applications regardless of amount
- I.D. and fraud prevention/investigation checks
- Affordability assessment
- Credit history review
- Suitability/adequacy of security
- Preparation, production and reviewing mortgage offers, and authorising all mortgage offers within mandate.
- Providing underwriting support to colleagues, customers, brokers, valuers and solicitors as required
- Supporting the Lending Manager in the preparation of papers to Credit Committee for debate
- Keeping up to date and maintaining a knowledge of financial market and education sector and identifying inconsistencies in underwriting policy
- Be aware of risks to the Society at all times and act within the Society’s reporting guidelines
- Dealing with underwriting enquiries from colleagues and customers
- Ensuring underwriting guide is kept up to date
- Maintaining accurate computer records of transactions
- Preparing reports for monthly Board Meetings and Committees
- Assisting with system testing
- Dealing with daily new business post
- Signing instructions to Solicitors
- Review, understand, and respond to, Complex and Business as usual Application/DIP Referrals.
- Monitor and issue responses to queries raised via the Underwriting Mailbox.
- Submitting prepared and recommended cases to the Credit Committee and/or Board, which are above mandate and lending criteria
- Identify, Support and Assist vulnerable customers and understand their need for flexibility.
- Use effective listening and questioning skills to enable potential issues to be detected and provide reassurance and support to our customer, whilst working within the requirements of our Vulnerable Customer Policy and FCA Guidance
- You must act to deliver good outcomes for retail customers
- The completion of wider team tasks where necessary to ensure operational efficiency/Service level agreements.
- Support delivery of the Society’s yearly commercial plan by assisting in the delivery of set annual mortgage completion targets.
- Demonstrate first line risk ownership by ensuring accuracy and confidentiality in handling customer data, complying with Lending Policy, Underwriting Guidance and AML/Fraud Policies and procedures, and promptly escalating any identified risks or issues to the appropriate stakeholders.
About you
Qualifications/experience:
- Has or is working towards CeMap, CII or equivalent qualification
- Working knowledge of regulatory requirements pertaining to mortgage underwriting
- Analytical, thorough and able to interpret personal financial information in a practical way
- A good understanding of credit and interest rate risk in relation to lending assessment
- Confident, professional and engaging telephone manner
- Capability to work under own initiative as well as part of a team
- Excellent data entry skills with the ability to decipher information
- High levels of accuracy and attention to detail
- Willing to embrace change and to learn new skills
- Enjoy working in a team environment to deliver the Society mortgage business plan
- Excellent customer service levels with a flexible and positive “can do” attitude and personality
- Proficient in Microsoft Office applications (particularly Word, Excel)
Mortgage Underwriter employer: Teachers BS
At Teachers Building Society, we are committed to fostering a supportive and inclusive work environment that empowers our employees to thrive. Located in the picturesque town of Wimborne, Dorset, we offer a hybrid working model that promotes work-life balance, alongside competitive salaries and opportunities for professional development. Join us to be part of a dedicated team that values your expertise and is passionate about helping customers achieve their dream of home ownership.
StudySmarter Expert Advice🤫
We think this is how you could land Mortgage Underwriter
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector, especially those who know about mortgage underwriting. A friendly chat can lead to insider info on job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of current market trends and regulatory requirements. We want you to impress with your understanding of the industry and show that you're ready to hit the ground running!
✨Tip Number 3
Practice your responses to common interview questions related to mortgage underwriting. Think about how you can showcase your analytical skills and attention to detail, as these are key in this role.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Mortgage Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Mortgage Underwriter role. Highlight your experience in financial services and any relevant qualifications like CeMap or CII. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about helping customers achieve their home ownership dreams. Share specific examples of your underwriting experience and how you’ve made sound lending decisions.
Showcase Attention to Detail:As an underwriter, attention to detail is key. In your application, make sure to demonstrate this by avoiding typos and ensuring all information is accurate. We appreciate candidates who take pride in their work!
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application goes directly to us. Plus, we love seeing applications come in through our own platform!
How to prepare for a job interview at Teachers BS
✨Know Your Numbers
As a Mortgage Underwriter, you'll need to be comfortable with financial data. Brush up on your understanding of credit scores, affordability assessments, and the key metrics that influence lending decisions. Being able to discuss these confidently will show that you’re not just familiar with the role but also passionate about it.
✨Understand the Company Culture
Before your interview, take some time to research Teachers Building Society. Understand their mission, values, and the specific services they offer. This will help you tailor your answers to align with their goals and demonstrate that you’re a good fit for their team.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving skills and decision-making process. Think of examples from your past experience where you successfully handled complex underwriting situations or customer interactions. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Showcase Your Attention to Detail
As an underwriter, accuracy is key. Be prepared to discuss how you ensure precision in your work. You might want to share specific examples of how you've maintained high standards in previous roles, especially when it comes to reviewing applications and preparing reports.
