Mortgage Underwriter - London Lender - To £50k

Coast Specialist Recruitment
London, South East England
16 Jun 2017
16 Jul 2017
Contract Type
Full Time

The Underwriter’s main duties will include, but not be limited to, the following responsibilities:

Case management and third-party communication

  • Responsibility and management of cases from point of valuation to completion, including liaising with solicitors, valuer’s and brokers;
  • Management of broker and client communications following handover from Sales;
  • Updating the management team on the status of cases on a regular basis
  • Oversight of Underwriting Assistant’s work on transactions.

Transaction due diligence and risk assessment

  • Borrower risk assessment, including assessment of client's background, credit reports and financial status, including affordability assessment where necessary;
  • Property risk assessment, including of Security Properties including third party valuation, viability of development (if applicable), any issues raised in conveyancing and viability of borrowers exit proposal(s);
  • Ensuring all transactions fit within the company’s Credit Policy and identifying changes where necessary;
  • Identifying transaction risks and recommending appropriate mitigation where possible;
  • Preparing summary reports of each loan for Credit Committee review.

The role will suit a mandated individual with a keen desire to develop in a challenging underwriter role. Interviews available immediately.