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- Tasks: Review mortgage applications and manage cases to ensure accurate underwriting decisions.
- Company: Join a niche mortgage lender aiming to revolutionise later-life lending with top-notch customer service.
- Benefits: Enjoy hybrid work, 30 days annual leave, health cash plan, and growth shares.
- Why this job: Be part of an exciting team during a product launch and enhance your underwriting skills.
- Qualifications: Experience in manual mortgage underwriting and Equity Release mortgages is essential.
- Other info: This role offers a dynamic work environment with opportunities for professional growth.
The predicted salary is between 36000 - 54000 £ per year.
Underwriter
London/Hybrid
Up to £45k
Are you an experience underwriter, seeking a new challenge where you can build and expand your skillset? Our client is a niche mortgage lender, with their ultimate goal is 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.
- Speak 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!
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Underwriter | London, UK employer: Ultimate Banking
Contact Detail:
Ultimate Banking Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter | London, UK
✨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 from other candidates and show that you're genuinely interested in contributing to their success.
We think you need these skills to ace Underwriter | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in manual underwriting and specifically mentions any work you've done with Equity Release mortgages. Use keywords from the job description to demonstrate that you meet the requirements.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in this role and how your skills align with the company's goals. Mention your understanding of their niche in later-life lending and how you can contribute to their mission.
Showcase Relevant Experience: When detailing your previous roles, focus on your achievements in underwriting. Provide specific examples of how you've successfully managed mortgage applications and collaborated with brokers to resolve issues.
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 in underwriting.
How to prepare for a job interview at Ultimate Banking
✨Know Your Underwriting Basics
Make sure you brush up on your manual underwriting skills, especially regarding Equity Release mortgages. Be prepared to discuss specific cases you've worked on and how you made your decisions.
✨Understand the Company’s Goals
Research the niche mortgage lender's mission to become a household name in later-life lending. Show enthusiasm for their products and customer experience during the interview to demonstrate your alignment with their goals.
✨Prepare for Case Management Questions
Expect questions about how you manage a portfolio of cases. Be ready to explain your process for reviewing mortgage applications and how you collaborate with Case Managers and Brokers to ensure smooth progress.
✨Highlight Your Communication Skills
Since the role involves extensive communication with Brokers and other stakeholders, prepare examples that showcase your ability to convey complex information clearly and build strong working relationships.
