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For Companies At a Glance
- Tasks: Join a dynamic team to assess and underwrite mortgage applications.
- Company: A fast-growing Challenger bank focused on innovative financial solutions.
- Benefits: Enjoy hybrid work options and a supportive team environment.
- Why this job: Make a real impact by helping customers achieve their property dreams.
- Qualifications: Experience in underwriting mortgages and a strong grasp of regulatory requirements needed.
- Other info: Collaborate with various teams to enhance customer service and efficiency.
The predicted salary is between 43200 - 72000 £ per year.
Our client, a fast-growing Challenger bank is seeking a highly skilled BTL Underwriter to join their dynamic team. You will join a close-knit team of credit professionals and will work with the Relationship Management, Operations, and Risk teams to support brokers and SMEs in underwriting a range of loans including Mortgages & Buy to Let (BTL).
Responsibilities
- Assess and underwrite new lending applications (Mortgages & BTL).
- Prepare detailed underwriting notes in support of credit proposals, approving/rejecting applications in line with policy, or recommending where mandate levels are exceeded.
- Support SME customers; check documentation for completeness, adherence to credit policy and ensure full compliance with legislation and regulatory requirements.
- Act as a point of contact for queries from brokers/customers.
- Provide feedback to Risk, Relationship Management and brokers on the quality and completeness of applications.
- Re-underwrite a sample of mortgages/buy-to-let loans acquired by the Bank from third parties to ensure lending criteria and risk appetite are adhered to.
- Act, at all times, in line with the Bank’s core values and to ensure good customer outcomes, providing an excellent standard of customer service.
- Consistently work in an efficient and productive manner, be curious and raise opportunities for improving the efficiency of processes.
Experience
- Underwriting experience - Mortgages & complex Buy to let (BTL).
- Proven critical analysis of prospective borrowers.
- Strong understanding of regulatory requirements including BCOBS, MCOB, CONC.
Qualifications & Personal Characteristics
- A passion for delivering an exceptional customer experience with a client-centric approach to work.
- A high attention to detail, and sound and reasoned judgement based on an independent and thorough analysis of facts and relevant factors including internal policies and regulations (e.g. CONC).
- A talented collaborator and communicator, able to bring colleagues together to reach the best way forward for the customer and the Bank.
- The ability to work in a team environment and build strong working relationships with peers to contribute to team goals.
Seniority level Mid-Senior level
Employment type Full-time
Job function Finance
Mortgage Underwriter employer: Vivo Talent Solutions
Contact Detail:
Vivo Talent Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mortgage Underwriter
✨Tip Number 1
Familiarise yourself with the latest regulatory requirements such as BCOBS, MCOB, and CONC. Understanding these regulations will not only help you in your role but also demonstrate your commitment to compliance during interviews.
✨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 and potentially refer you to opportunities at our company.
✨Tip Number 3
Prepare to discuss specific examples of your underwriting experience, particularly with complex Buy to Let cases. Being able to articulate your thought process and decision-making will set you apart from other candidates.
✨Tip Number 4
Showcase your customer-centric approach by preparing examples of how you've improved customer experiences in previous roles. This aligns with our values and will resonate well during the interview process.
We think you need these skills to ace Mortgage Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your underwriting experience, particularly with Mortgages and Buy to Let (BTL). Use specific examples that demonstrate your critical analysis skills and understanding of regulatory requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for delivering exceptional customer experiences. Mention how your client-centric approach aligns with the values of the bank and provide examples of how you've successfully collaborated with teams in the past.
Highlight Relevant Skills: In your application, emphasise your attention to detail and sound judgement. Discuss your familiarity with regulations like BCOBS, MCOB, and CONC, as these are crucial for the role.
Showcase Team Collaboration: Include examples in your application that illustrate your ability to work effectively in a team environment. Highlight any experiences where you contributed to team goals or improved processes, as this is important for the role.
How to prepare for a job interview at Vivo Talent Solutions
✨Showcase Your Underwriting Experience
Be prepared to discuss your previous underwriting experience, particularly with mortgages and complex Buy to Let (BTL) cases. Highlight specific examples where you assessed applications and made critical decisions, as this will demonstrate your expertise in the field.
✨Understand Regulatory Requirements
Familiarise yourself with key regulatory frameworks such as BCOBS, MCOB, and CONC. During the interview, be ready to explain how these regulations impact your decision-making process and ensure compliance in your underwriting practices.
✨Emphasise Customer-Centric Approach
Demonstrate your passion for delivering exceptional customer service. Share examples of how you've prioritised client needs in your previous roles and how you can contribute to a positive customer experience at the bank.
✨Prepare for Team Collaboration Questions
Expect questions about teamwork and collaboration. Think of instances where you've worked closely with colleagues from different departments, such as Risk or Operations, to achieve common goals. This will show your ability to work effectively in a team environment.
