Mortgage Underwriter

Chetwood Bank; Fleet; Hybrid; GBP 45,000 - 60,000; Full time

Job summary

A financial institution in Fleet is seeking an experienced Mortgage Underwriter to assess risk and underwrite mortgage applications. The ideal candidate will have a minimum of 5 years' experience, strong analytical and communication skills, and a thorough understanding of regulatory requirements. This role offers a competitive salary and a range of benefits, including hybrid working options.

Benefits

Competitive salary

25 days holiday PLUS your BIRTHDAY off

Pension contribution with Royal London

Life Assurance

Private medical, dental and optical health insurance

Free breakfast available

Qualifications

• Minimum of 5 years of mortgage underwriting experience with a mandate.
• Experience in a fast-paced underwriting environment.
• Strong understanding of FCA/PRA and regulatory mortgage requirements.

Responsibilities

• Assess risk and underwrite personal and Limited Company mortgage applications.
• Structure, negotiate, and analyse proposals for approval.
• Provide guidance to stakeholders on mortgage applications.

Skills

Mortgage underwriting experience

Time management

Analytical skills

Communication skills

Regulatory knowledge

Tools

Mortgage application software

Microsoft Office

Job description

Mortgage Underwriter

Department: Mortgages

Employment Type: Full Time

Location: Fleet

Reporting To: Lynne French

Description

The Underwriter will assess risk and underwrite both personal and Limited Company buy-to-let and bridging mortgage applications. They will be required to adhere to rules set out within the credit framework, as well as adhere to compliance and regulatory policy and procedures.

The Underwriter will work collaboratively and build good relations within the Secured Lending Department, as well as the wider business and should be a source of reference/first point of referral for all internal and external stakeholders.

Key Responsibilities

• Structure, negotiate, and analyse proposals for approval under own authority.
• Analyse and interpret any documentation required (credit bureau, payslips, bank statements, accounts, mortgage statements, assets & liabilities, business plans) to comply with lending policy and protect our interest.
• Approve loans within specified lending mandates.
• Demonstrate strong analytical skills that aid effective decision-making, good problem-solving skills, and a “can do” attitude.
• Assess the commercial risk of secured lending applications across multiple asset classes and make recommendations on cases outside of current lending criteri
• Provide guidance to customers, brokers, and solicitors on mortgage applications, lending policy, and internal processes and procedures all within a timely manner.
• Demonstrate excellent communication skills and the ability to communicate decisions to management, brokers, and customers via all mediums and within published SLAs.
• Demonstrate a good understanding of mortgages and underwriting within a specialist lending environment and application of the Lending Policy.
• Have a good understanding of all regulatory requirements relating to both personal and Limited Company mortgages.
• Proactively progress cases through all stages of the mortgage process; from application to completion.
• To provide effective support to the business and our customers

Skills, Knowledge and Expertise

• A minimum of 5 years of mortgage underwriting experience with a mandate is desirable
• Working in a similar fast-paced environment in an underwriter role
• Ability to prioritise tasks and manage time effectively, working on own initiative and as part of a team in order to meet SLAs and deadlines
• A good understanding of mortgages /underwriting with ability to use judgement, balancing commercial risk & opportunity.
• Good IT skills
• Excellent verbal and written communication skills; able to remain calm under pressure
• Up-to-date knowledge of FCA /PRA and all relevant regulatory mortgage requirements
• Excellent organisational skills
• Flexible approach and “can do” attitude

Benefits

• Competitive salary
• 25 days holiday PLUS your BIRTHDAY off
• Pension contribution with Royal London
• Life Assurance
• Private medical, dental and optical health insurance with Axa
• Hybrid working – Wrexham
• Free breakfast available