Mortgage Underwriter - London Lender - To £50k

Coast Specialist Recruitment
15 May 2017
13 Jun 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 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.