Commercial Underwriter

Sunderland, Tyne And Wear
20 Jul 2017
19 Aug 2017
Contract Type
Full Time

As a result of significant business growth opportunities being secured, we are looking to appoint two Commercial Underwriters to join on a permanent basis.

What we’re looking for

The ideal candidate’s will have an excellent working knowledge of underwriting commercial new lending and the overall origination process. Candidates should also have the ability to converse with key stakeholders and customers.

An understanding of origination regulation’s is a pre requisite for this role, specifically in relation to commercial mortgages.

Ideally the candidate will be CeMAP qualified.

Key Accountabilities:

·At all times, maintain a comprehensive knowledge and understanding of client policy, mandated authorities and regulatory requirements.

·Underwrite applications in line with documented processes, Client Policy and Mandate with a view to issuing a mortgage offer, assigning appropriate mortgage conditions.

·Where applications are out of mandate or policy but otherwise of merit to the client, work with the borrower to shape the application so that it can be approved within policy criteria, or, in exceptional circumstances where an out of policy decision is deemed appropriate, provide the client with a full rationale and supporting information, sufficient for the client to make an informed lending decision.

·Ensure relevant evidence required by client policy is sufficient to make a lending decision and that once collected is retained on file.

·In all cases, record the rationale for the lending decision and retain a copy of the case file.

·Liaise with all internal and external contacts for case resolution

·Act as a subject matter expert in respect of Lending Policy and respond to queries from Intermediaries, Business Support Managers and New Lending/ Credit Risk colleagues.

·Be responsible for identifying operational risks and mitigating factors in line with the Risk & Control Framework.

·Provide feedback and coaching regarding credit principles and application quality to improve the standard of applications.

·Keep alert to the possibility of policy and process loopholes that might allow unsound lending decisions. Immediately escalate any suspicions.

·Participate in, and contribute to ongoing business and process improvement activity.