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- Tasks: Process mortgage applications and manage Decision in Principle requests efficiently.
- Company: Join a specialist lending client in the Northwest with a supportive team of underwriters.
- Benefits: Enjoy a competitive salary, remote work options, and comprehensive training for career growth.
- Why this job: Gain hands-on experience in mortgage underwriting while working in a collaborative environment.
- Qualifications: Experience with DIPs and credit files is essential; manual underwriting background preferred.
- Other info: Initial office-based training for 3 weeks, then flexible remote work with occasional office visits.
The predicted salary is between 28800 - 43200 £ per year.
We are delighted to bring to market a Mortgage Underwriting position working for our specialist lending client based in the Northwest. This position sits within a close-knit team of 10 Underwriters and has come about due to the current postholder having been seconded to an IT project for 18 months.
The role would suit someone who has worked in a Manual Mortgage Underwriting environment and has had exposure to DIPs (Decisions in Principle) administration and credit file reports. The plan is for this postholder, throughout the length of the contract, to be buddied up with an experienced underwriter and trained to become a fully-fledged Manual Mortgage Underwriter. There is an opportunity for training and possibly career progression in this role!
Key responsibilities include:- Processing mortgage Decision in Principle (DIP) requests from intermediaries within SLA.
- Processing mortgage applications on the software system and completing all procedural administrative documentation efficiently liaising with the customer during the application process.
- Maintaining accurate records and notes throughout all stages of the mortgage application.
- Approving mortgage applications (direct and introduced) within specified limits in accordance with the Lending Policy.
- Maintaining professional business relationships with BDMs, mortgage introducers and external contacts, providing information and guidance when required.
- Dealing with customer dissatisfaction and complaints as required.
- Experience of working with DIPs administration and evaluation.
- Understanding of credit files and reports.
- Experience of working in a manual mortgage underwriting environment.
- Strong problem solving, negotiation and decision-making skills.
In return, you will receive a competitive salary and package as well as comprehensive training to become a fully-fledged Manual Mortgage Underwriter. After the initial 3 weeks of being office based for 3 days each week, you will be able to work remotely if you would like to, with a requirement to be in the office for 9am on an ad hoc basis a couple of times per month.
If this role appeals to you and you have previous experience in both DIPs and Credit File administration from a Manual Mortgage Underwriting environment, then please do apply today and we will get back to you promptly.
Mortgage Underwriter (18 months FTC) employer: Ultimate Banking Ltd
Contact Detail:
Ultimate Banking Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mortgage Underwriter (18 months FTC)
✨Tip Number 1
Familiarise yourself with the specific software systems used in mortgage underwriting. Knowing how to navigate these tools can give you an edge during interviews, as it shows your readiness to hit the ground running.
✨Tip Number 2
Brush up on your knowledge of DIPs and credit file evaluations. Being able to discuss your experience and understanding of these processes confidently will demonstrate your suitability for the role.
✨Tip Number 3
Network with professionals in the mortgage underwriting field. Engaging with current underwriters or joining relevant online forums can provide insights into the role and may even lead to referrals.
✨Tip Number 4
Prepare for situational interview questions that focus on problem-solving and decision-making. Think of examples from your past experiences where you successfully navigated challenges in a manual underwriting environment.
We think you need these skills to ace Mortgage Underwriter (18 months FTC)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in manual mortgage underwriting, particularly with DIPs and credit file evaluations. Use specific examples to demonstrate your skills and achievements in these areas.
Craft a Compelling Cover Letter: Write a cover letter that explains why you are interested in the Mortgage Underwriter position. Mention your relevant experience and how it aligns with the responsibilities outlined in the job description. Show enthusiasm for the opportunity to grow within the role.
Highlight Key Skills: In your application, emphasise your problem-solving, negotiation, and decision-making skills. Provide examples of how you've successfully navigated challenges in previous roles, especially in relation to customer dissatisfaction and complaints.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in the underwriting process.
How to prepare for a job interview at Ultimate Banking Ltd
✨Know Your DIPs Inside Out
Since the role heavily involves processing Decision in Principle requests, make sure you understand the entire process. Be prepared to discuss your previous experience with DIPs and how you've handled them in past roles.
✨Familiarise Yourself with Credit Files
Understanding credit files is crucial for this position. Brush up on how to evaluate credit reports and be ready to explain how you've used this knowledge in your previous underwriting experiences.
✨Demonstrate Problem-Solving Skills
The job requires strong problem-solving abilities. Think of examples from your past where you successfully navigated challenges in mortgage applications or customer complaints, and be ready to share these during the interview.
✨Show Enthusiasm for Training and Growth
This role offers training and potential career progression. Express your eagerness to learn and grow within the company, and mention any relevant skills or experiences that demonstrate your commitment to professional development.
