An exciting opportunity has presented itself for an experienced Underwriter to join a forward thinking and reputable Mortgage Lender. We will consider candidates from Packagers, Life Insurance/Group and Risk/Asset Management Underwriters. You must be mandated with manual underwriting experience (Not automated)
Underwrite mortgage applications in accordance with the lending policy, TCF and responsible lending principles. Recommend any cases outside mandate to the UTL /UTM and ensure all cases hold a robust documented rationale for the lending decision.
To be responsible for all underwriting queries, resolution of issues and decisions in principle for new cases prior to processing by Operations.
Ensure all correspondence including references and valuations are in line with lending policy and the appropriate mortgage product.
Represent Operations in ongoing UAT.
Act fairly and reasonably in line with TCF and responsible lending principles in all dealings with intermediaries, solicitors and valuers.
Ensure that all KFIs (including porting cases) produced are accurate and compliant
Build a close working relationship, especially with the Operations Team, and with key areas of the business (including HML and SOT) to enhance the process from a system, service and quality perspective.
To comply with the Code of Business Ethics and ensure your responsibilities regarding the Prevention of Financial Crime (including money laundering, identification and reporting of fraud) are carried out effectively and in accordance with the Company's internal policies.
Proactively keep up to date with human resource policy, external legislation, funding constraints, product criteria and underwriting criteria changes to ensure prudent underwriting.
Ensure that all complaints are handled in line with the Complaints Handling Procedures referring to the Underwriter Manager, CRM or HOR and service Quality Department when necessary.
Identify improvements to performance and the process, working with managers and other areas of the business.
Regulatory Knowledge as applicable to role - MCOB Sections 5,6 & 11, TCF, DPA, AML, CIFAS, ICOB, DISP rules & FOS, CeMAP, CeRCC
Recent experience in Second Charge lending
Ability to coach other team members and members of the Operations Team
To act with integrity at all times and embrace the philosophy of treating our customers fairly
Experience in Prime and Specialist lending as an Underwriter holding a mandate of £250k minimum for a minimum of 5 years.
Detailed understanding of the mortgage intermediary market and related FCA permissions is ideal.
Detailed understanding of organised fraud and measures/systems in place to avoid it.
Able to demonstrate that they are proactive, hardworking, flexible and able to work under own initiative but also a team player.
Demonstrate a full understanding of TCF, Responsible lending and FSA thematic reviews.
Able to prioritise effectively to manage multiple underwriting functions
Basic to £40k + Discretionary Bonus + Pension + Life Assurance + Income Protection + PMI + Flexi Benefits
- Mortgage Administration
- Mortgage Administrator
- Mortgage Underwriter
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