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.