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- Tasks: Review mortgage applications and manage cases to ensure accurate underwriting decisions.
- Company: Join a niche mortgage lender aiming to be a household name in later-life lending.
- Benefits: Enjoy hybrid working, 30 days annual leave, health cash plan, and growth shares.
- Why this job: Be part of an exciting team with new products and a focus on customer experience.
- Qualifications: Experience in manual underwriting and Equity Release mortgages is essential.
- Other info: This role offers a chance to expand your skillset in a growing company.
The predicted salary is between 36000 - 54000 £ per year.
Are you an experienced underwriter, seeking a new challenge where you can build and expand your skillset? Our client is a niche mortgage lender, with their ultimate goal to become the main household name for later-life lending, offering a variety of products and a first-class customer experience. They have a fantastic opportunity for an experienced, manual underwriter to join their expanding team; with a new product on the horizon, it’s an exciting time to join the business.
Along with manual underwriting skills, they do need an individual who has experience with Equity Release mortgages.
Duties of the Underwriter will include:
- Reviewing Mortgage applications against the Lending Policy to ensure robust underwriting decisions are made.
- Managing a portfolio of cases to completion.
- Each case to be Underwritten accurately by assessing loan documentation, including valuation reports and if required, Credit reports, and requesting additional information from brokers and customers where required, highlighting any concerns that you may have.
- Working closely with Case Managers to gather all information from third parties.
- Speaking extensively to Brokers to allow cases to progress efficiently.
The successful individual will have a strong background in manual, mortgage underwriting, specifically with Equity Release Mortgages. Our client offers a hybrid approach to the working week, with 2 days based at their head office in London, and the remainder working remotely. Along with a competitive salary, they offer 30 days annual leave, health cash plan, growth shares and more!
If this sounds like your next challenge, please apply today!
Underwriter employer: Ultimate Banking
Contact Detail:
Ultimate Banking Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in Equity Release mortgages. Understanding the nuances of this specific area will not only boost your confidence but also demonstrate your commitment to the role during any discussions.
✨Tip Number 2
Network with professionals in the mortgage lending industry, especially those who specialise in manual underwriting. Engaging with others can provide insights into the company culture and expectations, which can be invaluable during interviews.
✨Tip Number 3
Prepare to discuss your previous underwriting experiences in detail. Be ready to share specific examples of how you've successfully managed cases and made robust decisions, as this will highlight your expertise and suitability for the role.
✨Tip Number 4
Research the company’s values and mission, particularly their focus on customer experience. Tailoring your conversation to align with their goals can set you apart and show that you're genuinely interested in contributing to their success.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Underwriter, especially in relation to manual underwriting and Equity Release mortgages. Tailor your application to highlight relevant experience.
Highlight Relevant Experience: In your CV and cover letter, emphasise your background in manual mortgage underwriting and any specific experience with Equity Release mortgages. Use concrete examples to demonstrate your skills and achievements.
Craft a Compelling Cover Letter: Write a personalised cover letter that addresses the specific requirements mentioned in the job description. Explain why you are excited about the opportunity and how you can contribute to the company's goal of becoming a household name in later-life lending.
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 for an Underwriter.
How to prepare for a job interview at Ultimate Banking
✨Know Your Underwriting Basics
Make sure you brush up on your manual underwriting skills and understand the key principles of mortgage lending, especially regarding Equity Release mortgages. Be prepared to discuss specific cases you've worked on and how you made your decisions.
✨Familiarise Yourself with the Company
Research the niche mortgage lender and their products. Understanding their mission to become a household name in later-life lending will help you align your answers with their goals during the interview.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific underwriting scenarios. Think through potential challenges you might face and how you would resolve them, particularly in relation to managing a portfolio of cases.
✨Showcase Your Communication Skills
Since the role involves extensive communication with brokers and case managers, be ready to demonstrate your interpersonal skills. Share examples of how you've effectively collaborated with others to ensure smooth case progression.
