Posted 4 days ago by Pepper Money

Are you our new Underwriter? Working in our fast paced, successful 2nd Charge Underwriting team in our Cardiff office there has never been a better time to join Pepper Money, a specialist mortgage lender backed by a global financial institution offering first and second charge loans.

We really do believe that it’s our people who are our main competitive advantage - the 'thing’ that sets us apart from our competitors.

Our passion is to 'Help People Succeed’. This is at the heart of everything we do and includes our valued customers, intermediary brokers and partners as well as all of our fantastic colleagues.

The Team

The role purpose is to operate as an effective member of the Underwriting team, reviewing, approving and offering secured loans within lending authority and in accordance with the Company’s written policies and procedures. It is essential that the successful candidate can work effectively, managing their day to day workload to ensure that offers are made in line with business timescales.

Previous experience of working for a secured lender or bank / building society is essential. In addition, during the time spent gaining the work experience we seek, it would be preferable that a secured lending underwriting mandate was held.

What you will be doing

  • To accurately assess the risk on loan applications ensuring that the loan is affordable, plausible and sustainable.
  • To compose logical lending rationales for all cases reviewed.
  • To minimise the risk to the business and the applicant with a strong focus on fraud avoidance.
  • To agree exceptions within mandate, ensuring that an appropriate lending rationale is applied to each case.
  • To provide a high level of customer service at all stages of an application to both internal and external customers.
  • To maintain and demonstrate an awareness of external factors and market conditions which may affect underwriting decision making.
  • To ensure that regulatory requirements are adhered to throughout the process and in all contact with customers, brokers and third parties.
  • To accurately prepare secured loans for offer within agreed timescales.
  • To comply with and / or ensure compliance with all Optimum data protection policies.
  • To recommend changes and / or improvements to policies and procedures.

What we are looking for


  • Detailed knowledge of good lending practice and regulatory requirements within the Financial Services industry
  • Previous experience working for a secured lender or bank / building society is essential.
  • To hold or have held, in the last six months, a secured lending underwriting mandate would be preferable.


  • Ability to apply detailed analysis to application case submissions.
  • Ability to rationalise decision making in a clear, logical manner.
  • Ability to create sound written lending rationales.
  • Ability to work on both one’s own initiative and to be a good team player.

Personal Characteristics

  • Ability to work on both one’s own initiative and to be a good team player.


  • CeMAP 1,2 & 3 or ACIB

What we offer

Some of the benefits we provide are:

  • Competitive salaries and bonus schemes
  • Hybrid Home Office flexible working arrangements
  • Regular training and opportunities to learn and grow
  • 25 days’ holiday & bank holidays
  • Private Medical Insurance cover with BUPA
  • Personal pension scheme with generous matched company contributions

In return for your commitment, you’ll have the chance to develop your career in a dynamic environment, working alongside top talent and an exceptional leadership team. If you want to be involved in our exciting expansion plans and have the chance to really shape and influence the way the business grows then we’d love to hear from you.

Required skills

  • Mortgage Lending
  • Mortgage Underwriting
  • Rational

Reference: 43384239

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