Residential Mortgage Underwriter

Job Title: Residential Mortgage Underwriter

Location: Watford

Salary: Confirmed on application

Hours: Monday to Friday 9 am to 5.30 pm

Benefits:

• Competitive pension, life assurance, private medical, dental, and eye care
• 25 days annual leave plus bank/public holidays and annual leave purchase option
• Perk Box rewards, refreshments, and social/team events
• Excellent development and career progression opportunities

About the position of Residential Mortgage Underwriter:

This is a great opportunity for an experienced Residential or Second Charge Mortgage Underwriter to join an intermediary-only specialist lender.

Our client will consider candidates from specialist, prime or high-street lending backgrounds, with both current and previous underwriting experience considered.

You must have strong manual underwriting experience and have held an underwriting mandate/delegated authority. This is an excellent opportunity to bring your existing underwriting experience into a growing specialist lending environment.

Responsibilities for the role of Residential Mortgage Underwriter:

• Underwrite applications in line with company policy, underwriting criteria and risk appetite
• Assess borrower circumstances, affordability, supporting documentation and overall credit risk to make sound lending decisions
• Manage a pipeline of cases from application through to completion
• Provide clear, concise and accurate updates to brokers throughout the underwriting process
• Proactively liaise with brokers to obtain outstanding information and documentation
• Ensure all case information and underwriting decisions are accurately recorded on the relevant systems
• Build and maintain strong relationships with mortgage brokers, solicitors and third-party suppliers
• Work closely with internal teams to ensure cases progress efficiently and within agreed timescales
• Ensure all underwriting decisions comply with FCA regulation, company policy, responsible lending and risk requirements
• Maintain high levels of service while managing a busy caseload and working to deadlines

Experience and skills required for the role of Residential Mortgage Underwriter:

• Proven manual underwriting experience within a mortgage lender, with experience holding an underwriting mandate/delegated authority
• Experience underwriting second charge and/or residential mortgage applications, with strong credit assessment and lending judgement
• Good understanding of FCA regulation, responsible lending and risk requirements, with strong attention to detail and the ability to make sound lending decision