Mortgage Underwriter

Mortgage Underwriter

Ref: 608| Posted: 11th Dec 2019

Reporting to the Underwriting Team Leader the main purpose of the mortgage underwriter role will be to process new mortgage applications (Residential and Buy-To-Let)

Our client is a Glasgow-based Financial Services firm providing specialist lending across the UK. A dynamic organisation which can offer the right candidate an extraordinary career path within an environment of excellence and considerable potential.
  • A minimum of 2 years mortgage underwriting experience is required (ideally Residential and Buy To Let)
  • Understanding of the regulatory environment and in particular TCF
  • Experience of dealing with brokers and third parties.
  • Technology skills - including MS Excel and Word
  • Excellent communication skills
  • Attention to detail
  • Ability to work under pressure and to strict deadlines
  • Strong planning and problem solving skills
  • Ensuring that all applications and/or associated documents received into the department are processed, accurately and in a timely manner meeting the department service levels.
  • Assess the mortgage application and supporting documents in line with the company’s Lending Policy.
  • Review information provided by the Credit Reference Agencies and other support partners including anti-fraud agencies, ensuring a full understanding of the applicant’s credit/risk profile.
  • Review and approve the applicants overall affordability results.
  • Instruct property valuers to undertake property valuation. Once received, review valuation and assess the key variables including comparables provided.
  • The preparation of mortgage offers is a key function and underwriters will have an understanding of the legal implications of any mortgage conditions applied to the offer.
  • Underwriters will have a full knowledge of the Mortgage Application System and utilise the system to ensure all mortgage applications are processed in line with the company’s service standards.
  • Underwriters will liaise directly with intermediaries on the application ensuring information requested is received as well as providing an excellent level of service to the intermediary.
  • Recommends loans to the Underwriting Manager where they fall outside of the lending mandate held. Providing an appropriate rationale
  • Consider and apply the principle of Treating Customer Fairly (TCF) during the application process.
Competitive Salary & excellent benefits.