Underwriter Mortgage

London, South East England
09 Jun 2017
08 Jul 2017
Contract Type
Full Time
Are you an experienced Underwriter?

Have Mortgage Underwriting experience?

Financial services background?

My client a reputable Mortgage company are looking for a Mortgage Underwriter to join their team on a permanent basis.

The overall purpose of the role is to be responsible for underwriting mortgage / TOE / DOP applications in accordance with the Lending policy, TCF principles and FCA responsible lending best practise.

It is expected they will maintain a high level of relevant industry knowledge and apply the highest standards of risk based underwriting at all times.

The relationship with the Operations team is fundamental to the delivery of a seamless service to the client and the highest levels of proactive co-operation and approachability are expected.

Key Accountabilities:

- 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.
- Develop colleague's knowledge to ensure cover exists during holidays and sickness periods and ensure holiday cover is fully planned for.
- To work closely with NBA Buddy to support their ongoing development and increase their knowledge in their role, through effective coaching and feedback. To create an effective and efficient unit to maximise productivity whilst adhering to all quality and service measures.
- 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.
- Adhere to the service standards as agreed with the Operations team.
- 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.
- Undertake adhoc project work as directed by Underwriting Technical Manager or Director of Customer Services.
- Flexibility to assist the Operations Department as and when required in other roles.

Experience, Knowledge, Skills:

Regulatory Knowledge as applicable to role - MCOB Sections 5,6 & 11, TCF, DPA, AML, CIFAS, ICOB, DISP rules & FOS, CeMAP, CeRCC

- 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
- Educated to at least GCSE level including Maths and English

Other skills or qualifications that would be helpful:

- Recent experience in Second Charge lending
- CeMAP qualified


- Annual bonus scheme.
- Competitive annual leave.
- Pension (2% employee 7% contribution)
- Life Assurance.
- Private Medical Insurance.
- Employee Assistance Programme.
- Employee referral programme.
- Flexible benefits - such as buy and sell holiday etc!
- Gym membership.
- Recognition awards

This company offers an amazing working environment with some lovely benefits! So apply now!


Adecco is acting as an Employment Agency in relation to this vacancy. The Adecco Group UK & Ireland is an Equal Opportunities Employer.