Specialist Mortgage Underwriter

Up to £70000.00 per annum + Benefits | London

Job Title: Specialist Mortgage Underwriter

Location: Central London Hybrid 2-3 days a week

Salary: Up to £70,000 depending on experience

Hours: Monday to Friday 9.00 am – 5.30 pm

Benefits:

  • Pension 8% employer contribution
  • 25 days holiday (rising by one day every three full calendar years to a max of 30) plus bank and public holidays
  • Holiday purchase scheme
  • Private medical cover
  • Group income protection
  • Life Assurance
  • Yulife
  • 24/7 Access to a doctor
  • Season ticket loan
  • Professional membership fees
  • Cycle to work scheme
  • Gym health centre discounts or corporate gym membership with one set provider
  • Personal dental cover
  • Personal life insurance cover

About the position of Specialist Mortgage Underwriter

Working for a specialist bank, we have a new vacancy for a Buy-To-Let Underwriter. The primary purpose of this role is underwriting mortgages across Buy-To-Lets, HMOs, Semi-Commercials and Short-Term Loans, operating within the boundaries set by lending policy and guidelines

Responsibilities required for the role of Specialist Mortgage Underwriter

  • Apply a pragmatic approach to underwriting mortgage applications within approved delegated authority mandates.
  • Analyse key items such as credit reports, property portfolios, bank statements, financial accounts, and security valuations to make informed lending decisions.
  • Maintain low levels of arrears and losses while balancing the flexibility needed to serve the specialist lending sector.
  • Develop a rationale to lend when cases fall outside individual mandates, with the ability to discuss these with key stakeholders in group risk functions.
  • Ensure appropriate customer due diligence and AML risk mitigation are conducted or requested before completing the underwriting process.
  • Deliver a high level of accuracy and attention to detail in all data and documentation under your responsibility.
  • Respond to internal and external inquiries by phone and email efficiently and in line with company standards.
  • Build effective relationships with brokers, communicating decisions and requirements clearly.
  • Manage a pipeline of cases up to formal offer, striving to meet company-defined service standards.
  • Understand and apply company policies, procedures, and compliance guidelines, incorporating these principles into daily practices to protect against associated risks.
  • Collaborate effectively with various divisional functions to support their operational duties.

Experience required for the role of Specialist Mortgage Underwriter

  • Experienced underwriter in residential buy-to-let, commercial/semi-commercial, and short-term lending sectors.
  • Core competencies and soft skills:
  • Strong risk awareness paired with balanced judgment.
  • Commitment to delivering exceptional customer service with a customer-centric approach.
  • Adaptable and flexible in achieving delivery goals.
  • Skilled in relationship management and collaboration.
  • Effective communication skills.
  • Adaptable to new products and emerging markets.
  • A dedicated team player.

For more information regarding the role of Specialist Mortgage Underwriter, please get in touch with 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.

Apply for this job

Note: CV uploads must be PDF or MS Word format, 2MB max size
Fields with * are required
I consent to storing and processing my personal data as outlined on the 'How manages and uses your personal data' page.

emailSubscribe to our newsletter and stay up to date with everything Stellar Select