Underwriter - Buy to Let Mortgages

  • Location
    Solihull, West Midlands
  • Salary
    £ 18550 - £ 40000 / Year
  • Category
    Banking & Financial Services - Mortgage Advisor
  • Job type
    Permanent
  • Industry
    Banking and Financial Services
  • External Reference
    JN-092021-207260

Do you have knowledge of the mortgage life-cycle? Understand buy to let mortgages or have a background in commercial lending? If so, please read on…


My client, a specialist banking organisation based in Solihull, is looking for individuals with an understanding of buy to let mortgages, who are quick to learn and are analytical and logical thinkers, to come and join their fast paced, friendly, underwriting team!


Purpose of the role:
To assess, analyse, underwrite and process all new buy-to-let mortgage applications from receipt of application through to offer of loan. You will be required to maintain service levels whilst ensuring the company's credit policy and procedures are adhered to.


Benefits:



  • Salary between £18,550 to £40,000 depending on experience

  • Working hours 37.5 hours per week

  • Monday to Friday, 8.30am to 5.00pm (one hour for lunch)

  • 23 days holidays plus 8 bank holidays - goes up by 1 day for each year of service

  • Free onsite parking

  • Various other perks

  • Overtime available

  • Relevant training will be provided


Duties and responsibilities:



  • Assessment of mortgage applications and preparation of detailed risk analysis

  • Communicating directly with financial intermediaries and customers, providing underwriting decisions and case updates

  • Analysing and assessing all pre-completion incoming post

  • Assessing willingness and ability to pay

  • Analysing bank statements and company accounts accurately

  • Reviewing and assessing valuation reports

  • Carrying out Know Your Customer (KYC) verification checks

  • Collating and analysing all documentation and assessing overall risk and decision

  • Preparing detailed summary and recommendation

  • Assessing Transfer of Equity requests

  • Reviewing and approving retention release requests



Skills/Experience required:



  • In depth knowledge of the mortgage life cycle

  • Business awareness and knowledge of the buy-to-let mortgage industry

  • Proven ability to assess and apply sound risk assessment to each stage of the application process

  • Understanding of criteria and the ability to apply credit policy and lending guidelines to underwriting decisions

  • Ability to assess bank statements, company accounts and cash flow forecasts

  • Ability to review and understand company accounts, cash flow forecasts and business plans

  • Previous experience with mortgages is essential

  • Experience of mortgage underwriting preferred

  • CeMAP preferred but not essential but must be willing to study towards CeMAP if not already qualified


Please apply today!


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