Mortgage Underwriting Manager

Stellar Select Branded
08 Mar 2018
14 Mar 2018
Contract Type
Full Time
Mortgage Underwriting Manager required to be based in Uxbridge offering a basic salary of up to £50,000. The Underwriting Manager will report directly to the Head of Origination and will be responsible for a team of 10 underwriting residential and buy to let mortgage applications in accordance with criteria and policies.

Responsibilities for the role of Mortgage Underwriting Manager

* Mentor and develop a team of 10, managing work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic.
* Hold and maintain a mandate for approval of new residential or buy to let mortgage applications.
* Work with the Underwriting Specialists to ensure all new applications have the required documentation as per policy and criteria.
* Assess valuation reports, credit reports, proof of income, bank statements and any other supporting documentation.
* Process new mortgage applications when required
* Prepare cases outside of your mandate for approval by the Director of Lending and/or Credit Committee when necessary
* Liaise and communicate with Pepper customers i.e. Networks, Clubs, Packagers, Solicitors, Panel Valuers
* Meet agreed SLA's for processing new mortgage applications.
* Manage case pipeline effectively within your team.
* Identify training needs and development plans for your team to enable them to work towards an underwriting mandate.
* Review audit findings for yourself and your team and ensure that these are being addressed with training or performance management.
* Identify and suggest improvements and changes to criteria and policy.
* Review the performance of on book mortgages and identify any themes or trends for early delinquency.
* Ensure all policies and procedures are in line with current regulation.
* Performance management - conduct monthly 121's with all team members, and ensure that personal development/ training plans are in place

Experience required for the role of Mortgage Underwriting Manager

* CeMAP 1, 2 and 3 qualified
* Regulatory knowledge to include FCA, TCF, MCOB and MMR changes
* Considerable experience in mortgage lending as an underwriter holding a mandate of £250k as a minimum.
* Residential and Buy to Let Mortgage underwriting experience is essential
* Experience of calculating income for self- employed applicants i.e. accounts
* Strong relationship management skills
* Stakeholder management skills
* Strong communication skills verbal and written
* Influencing skills
* Ability to coach and develop team members

Salary: Up to £50,000 plus benefits

Location: Uxbridge

For more information regarding the role of Mortgage Underwriting Manager please contact us

Stellar Select is acting as an employment agency and is a corporate member of the REC

Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days
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