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- Tasks: Join a team of 10 to process mortgage applications and support customers.
- Company: Work with a specialist lending client in the vibrant Northwest.
- Benefits: Enjoy a competitive salary, remote work options, and comprehensive training.
- Why this job: Gain valuable experience and training in a supportive environment with potential career progression.
- 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.
18 months Fixed Term Contract
Hybrid (3 days per week to the office for the first 3 weeks) then remote / ad hoc into the office.
Manchester region – to £36K salary + benefits
Introduction:
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 analysis. 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 DIP (Decision in Principle) requests from intermediaries within the 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.
Key Skills & Qualifications 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 employer: Ultimate Banking
Contact Detail:
Ultimate Banking Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mortgage Underwriter
✨Tip Number 1
Familiarise yourself with the specific software systems used in mortgage underwriting. Knowing how to navigate these tools can give you a significant edge during the interview process.
✨Tip Number 2
Brush up on your knowledge of DIPs and credit file analysis. Being able to discuss your experience and understanding of these areas confidently will demonstrate your suitability for the role.
✨Tip Number 3
Network with current or former mortgage underwriters. They can provide insights into the company culture and expectations, which can help you tailor your approach during interviews.
✨Tip Number 4
Prepare to discuss real-life scenarios where you've successfully resolved customer complaints or dissatisfaction. This will showcase your problem-solving skills and ability to maintain professional relationships.
We think you need these skills to ace Mortgage Underwriter
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 analysis. 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.
Highlight Key Skills: In your application, emphasise your problem-solving, negotiation, and decision-making skills. Provide examples of how you've successfully used these skills in previous roles, especially in dealing with customer complaints or dissatisfaction.
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
✨Showcase Your Experience with DIPs
Make sure to highlight your experience with Decisions in Principle (DIPs) during the interview. Be prepared to discuss specific examples of how you've processed DIPs and any challenges you faced, as this will demonstrate your familiarity with a key aspect of the role.
✨Understand Credit Files Thoroughly
Since understanding credit files is crucial for this position, brush up on your knowledge before the interview. Be ready to explain how you analyse credit reports and how this impacts your decision-making process when approving mortgage applications.
✨Emphasise Problem-Solving Skills
The role requires strong problem-solving abilities, so think of instances where you've successfully navigated complex situations in your previous roles. Share these stories to illustrate your capability to handle customer dissatisfaction and complaints effectively.
✨Prepare Questions About Training and Progression
Since this position offers training and potential career progression, prepare thoughtful questions about these opportunities. This shows your enthusiasm for growth within the company and helps you gauge if the role aligns with your long-term career goals.
