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For Companies At a Glance
- Tasks: Review mortgage applications and manage cases to ensure smooth underwriting.
- Company: Join a leading specialist mortgage lender aiming for excellence in equity release lending.
- Benefits: Enjoy 30 days holiday, health cash plan, growth shares, and a supportive wellbeing calendar.
- Why this job: Be part of an exciting time with new products and a focus on customer experience.
- Qualifications: Experience in equity release or lifetime mortgage underwriting is essential.
- Other info: This role offers a hybrid work model with 2-3 days in the office.
The predicted salary is between 36000 - 54000 £ per year.
Job Description
Mortgage Underwriter – Specialist Lending
London/Hybrid (2-3 days office based)
Salary: £45K per annum.
Our client, a specialist mortgage lender is seeking an experienced underwriter. Their ultimate goals being, to become the main household name for lifetime and equity release lending and offering a first-class customer experience. This permanent role is ideal for a manual, mandated underwriter and with a new product on the horizon, it’s an exciting time to join the business.
Duties of the Underwriter include:
- Reviewing Mortgage applications against the Lending Policy to ensure robust underwriting decisions are made.
- Managing a portfolio of cases to completion.
- Working closely with Case Managers to gather all information from third parties.
- Speaking extensively to Brokers to allow cases to progress efficiently.
Ideal Candidate Profile:
- Demonstrable experience in underwriting through to completion of Equity Release, RIO or Lifetime mortgage products.
- A manual mandated underwriter with a background in specialist lending.
You will work in a supportive and collaborative environment with a Wellbeing Calendar focused on supporting mental, physical and financial wellbeing.
You will be offered a competitive salary and a wealth of benefits including 30 days holiday plus bank holidays, Health cash plan, Growth Shares, Salary Sacrifice pension scheme & Employee assistance programme.
If this role appeals to you, please do apply today and we will respond promptly.
Equity Release Mortgage Underwriter employer: Ultimate Banking
Contact Detail:
Ultimate Banking Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Equity Release Mortgage Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in equity release and specialist lending. Understanding the current market landscape will not only boost your confidence during interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the mortgage underwriting field. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities within their organisations.
✨Tip Number 3
Prepare for potential interview questions by practising your responses to common scenarios faced by underwriters. This will help you articulate your experience effectively and show that you can handle the responsibilities of the role.
✨Tip Number 4
Research the company culture and values of the organisation you're applying to. Tailoring your approach to align with their ethos can make a significant difference in how you present yourself during the interview process.
We think you need these skills to ace Equity Release Mortgage Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in underwriting, particularly with equity release, RIO, or lifetime mortgage products. Use specific examples to demonstrate your skills and achievements in these areas.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention why you are interested in working for a specialist lender and how your background aligns with their goals of providing a first-class customer experience.
Highlight Relevant Experience: In your application, emphasise your experience managing a portfolio of cases and your ability to work closely with case managers and brokers. This will show that you understand the collaborative nature of the role.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an underwriter.
How to prepare for a job interview at Ultimate Banking
✨Know Your Underwriting Basics
Make sure you brush up on your knowledge of equity release, RIO, and lifetime mortgage products. Be prepared to discuss how you have applied these principles in your previous roles, as this will demonstrate your expertise and suitability for the position.
✨Showcase Your Communication Skills
Since the role involves extensive communication with brokers and case managers, be ready to provide examples of how you've effectively collaborated with others in the past. Highlight any experiences where your communication skills helped resolve issues or expedite processes.
✨Understand the Company’s Vision
Research the company’s goals and values, especially their aim to become a household name in equity release lending. Showing that you align with their vision and are excited about contributing to their success can set you apart from other candidates.
✨Prepare Questions for Them
Interviews are a two-way street, so prepare thoughtful questions about the company culture, the new product launch, and how they support employee wellbeing. This shows your genuine interest in the role and helps you assess if it’s the right fit for you.
