Credit Underwriter

£35000.00 - £45000.00 per annum + Benefits | Fleet, Hampshire

Job Title: Credit Underwriter

Location: Fleet with some flexibility to work from home up to 2 days a week once probation is passed

Salary: Up to £45,000 depending on experience

Hours: 35-hour week, Monday to Friday, 9 am to 5 pm

Benefits:

  • Private Medical Insurance through AXA Health
  • 11% non-contributory pension scheme with the option for salary sacrifice
  • Enhanced Maternity, Paternity and Adoption pay
  • Life Assurance
  • Income Protection
  • Employee Assistant Programme
  • Extensive Learning and Development opportunities
  • 2 days of paid volunteering each year
  • Electrical Vehicle Salary Sacrifice Scheme

About the role of Credit Underwriter

Our client is a Specialist Mortgage Lender who has a great opportunity available for a Credit Underwriter to join their Credit Risk team. The successful candidate will be providing vital support to all areas of the business, from criteria, property queries, title issues, tracing customers, and Suspicious Activity Reports to fraud.

You will be a point of referral on complex cases from around the business, as to whether the company can consider an application. To accurately analyse and understand key elements of all mortgage applications, whilst ensuring adherence to all policies or where the case is of good quality but outside policy recommend to our funders as an exception for all approval.

Also, help to protect the Company from the risk of fraud by using anti-fraud systems such as CIFAS and SIRA to investigate and act upon information received in a timely manner.

Responsibilities for the position of Credit Underwriter

  • To manually underwrite portfolio and complex BTL cases.
  • To recommend portfolio and complex BTL cases to Funder.
  • To assist in maintaining and updating the lending policy, by researching, and recommending policy changes
  • Develop and maintain cooperative relationships between all internal stakeholders, including Underwriting and Sales teams, and investigate all referrals professionally.
  • Work Fraud systems such as CIFAS, SIRA & Hunter to mitigate potential losses
  • To investigate suspicious alerts identified by fraud prevention systems.
  • Exercise personal lending discretion when assessing exceptions.
  • Carrying out Broker reviews, liaising with sales before removal of a Broker
  • To assist in preparing Management Reports, ensuring they are prepared in time for Exco or Credit Committee meetings

Experience required for the position of Credit Underwriter

  • Current or previous experience working within the mortgage industry with a strong mortgage underwriting background, preferably with at least 5 years of underwriting experience and having currently or previously held a mandate.
  • Proven ability to exercise good commercial and professional judgment.
  • Effective communication skills both written and verbal
  • Good attention to detail
  • Adaptive to ongoing change
  • PC literate with a knowledge of Microsoft Office products
  • Enthusiastic, flexible, and keen to learn and develop a career
  • Knowledge of CIFAS & SIRA systems would be beneficial but not essential

For more information regarding the role of Credit Underwriter please contact us

Stellar Select is acting as an employment agency and is a corporate member of the REC.

Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days.

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