Mortgage Underwriter - London Lender - To £50k

Recruiter
Coast Specialist Recruitment
Location
London
Salary
40000.0000
Posted
15 May 2017
Closes
13 Jun 2017
Contract Type
Permanent
Hours
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 dilligence and risk assessment

  • Borrower risk assessment, including assessment of clients’ background, credit reports and financial status, including affordability assessment where necessary;
  • Property risk assessement, 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.