Mortgage Underwriting Manager

Vernon Building Society
Stockport, UK
08 Aug 2019
02 Sep 2019
Contract Type
Full Time
Job title: Mortgage Underwriting Manager
Based: Stockport, SK1
Permanent: Full-time
Salary: £40,000 - £50,000 p.a. (based on experience) plus full employee benefits

A very exciting opportunity has arisen for an experienced Mortgage Underwriter/Underwriting Manager to join and lead the existing underwriting team within our Operations Department.

Vernon Building Society is proud of its 95-year heritage and our vision is to be "The first choice for mortgages, savings and employment in Stockport and to be the preferred choice for specific need/bespoke mortgages in England and Wales".

As we approach the second century serving our local communities we are undergoing a business transformation and are looking for an ambitious experienced underwriting specialist to apply their skills and knowledge to manage new credit risks for mainstream and other residential property lending segments, including more complex and larger loans.

The successful applicant will be responsible for ensuring the mortgage applications team deliver outcomes aligned to the Corporate Plan objectives and Policy requirements, through the delivery of robust personal underwriting and processing routines and delivery of a consistent service to primary and secondary stakeholders. They will also need to demonstrate they have the necessary values which drive the behaviours and standards we admire most at the Vernon: authentic, personal, empowering.

This is an outstanding opportunity for someone who already works to very high standards, who wants to play a major role in growing our mortgage book in line with our risk appetite and who is already in/is seeking a senior leadership role.

The Role:

The Mortgage Underwriting Manager role will be responsible for leading a team of underwriters and mortgage processors in the delivery of efficient and effective processes within the end to end mortgage process.

This will include:
  • Being a subject matter expert and point of reference for a team of experienced underwriters.
  • Making it easier for internal and external Mortgage Advisers to do business with the Society.
  • Making underwriting decisions within a personal mandate and for larger cases jointly with the Director of Operations and Chief Executive.
  • Exercising a strong knowledge of credit risk and reward and commercial acumen in the management of new approvals or declining applications.
  • Providing effective narrative and end to end MI reports for the Leadership Team, Credit Committee and Risk and Compliance Committee.
  • Deputising for the Director of Operations in Credit Committee.
  • Collaborating with the Intermediary and Branch sales teams whilst maintaining independence of decision making.
  • Ensuring effective relationships and communications are maintained with customers, Introducers, valuers, solicitors and other key business partners.
  • Demonstrating strong subject knowledge of MCOB and PRA/FCA rules in relation to new lending, illustrations, regulatory reporting.

Desirable Skills and Experience:
  • Educated to degree standard or possess similar level industry qualifications.
  • CeMAP or similar level qualification.
  • Minimum 3 years underwriting experience with own mandate in a first charge lending environment.
  • Ability to lead, develop and motivate a team.
  • Understanding of efficient workflow processes and strong approach to continuous improvement.
  • Ability to work under pressure, prioritise workload for self and team and deliver within deadlines.
  • Resilient and calm under pressurised situations.

  • £40,000 - £50,000 p.a. (depending upon skills and experience)
  • Pension scheme (7.5% employer contributions rising to 10%) with salary sacrifice arrangement
  • 4 x salary death in service benefit
  • 25 days holiday (plus statutory bank holidays), increasing to 27 after 2 years
  • Private Medical Insurance
  • Health Cash-Plan
  • Cycle to work scheme
  • Retail discounts package

If you wish to apply, please email your CV with a covering letter by clicking on the 'Apply' button.

Closing Date for receipt of completed applications is 30th August 2019.

General Data Protection Regulations requires us to tell you how we collect, store and process personal data, when registering your interest with us.For full details about what data we collect about you, please either look at our recruitment privacy notice on our website or alternatively please contact me and I will arrange for a copy to be sent via email or post.

We hold your personal data on file for a period of 12 months (unless you request otherwise), following this your data will be erased.You can withdraw consent at any time, to do this, please email or write to us with your request.

Vernon Building Society is committed to promoting equal opportunities in employment.Any applicant will receive equal treatment regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orientation (Protected Characteristics).

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