The Buy to Let Mortgage Underwriter role
As a mortgage underwriter specialising in a variety of Buy to Let Mortgages, you will play a critical role in the lending process by assessing and evaluating mortgage applications to determine their creditworthiness and adherence to lending guidelines. You will analyse borrower information, financial documents, and property data to make informed decisions regarding loan approval and risk assessment.
**Buy to Let Mortgage Underwriter key Responsibilities:
- Review and analyse mortgage applications, including borrower financials, property details, and risk factors, to determine the feasibility of granting loans.
- Conduct thorough risk assessments by evaluating borrower creditworthiness, property valuation reports, rental income potential, and market trends, ensuring the viability and profitability of the investment.
- Ensure compliance with the company's lending policies, underwriting guidelines, and regulatory requirements throughout the mortgage underwriting process.
- Verify and validate borrower documentation, such as income statements, tax returns, bank statements, and legal agreements, to ensure accuracy and authenticity.
- Collaborate effectively with mortgage originators, borrowers, appraisers, solicitors, and other stakeholders to gather information, resolve discrepancies, and provide timely updates on loan decisions.
- Make informed decisions on mortgage applications based on thorough analysis, balancing risk factors, borrower qualifications, property value, and potential returns.
- Identify potential risks and propose risk mitigation strategies to minimize losses and protect the interests of the lending institution.
The Buy to Let Mortgage Underwriter package
- Basic Salary £35k - £60k
- Annual individual and company performance bonus
- 25 days holidays per year + bank holidays
- Generous pension contribution
- Additional benefits
- Flexible working can be discussed on requirements
**Buy to Let Mortgage Underwriter desired skill and experience
- A solid background in mortgage underwriting, with specific experience in buy-to-let mortgages
- Strong knowledge of mortgage lending policies, underwriting guidelines, and regulatory compliance.
- Ability to analyse financial statements, assess risk, and make informed lending decisions.
- Excellent attention to detail and accuracy in reviewing and verifying borrower documentation.
- Effective communication and interpersonal skills to collaborate with various stakeholders.
- Sound judgement and decision-making abilities, considering multiple factors and risk variables.
- Strong organizational skills to manage a high volume of mortgage applications within established timelines.
Think that this role is right for you?
Contact us to arrange a call, we'd love to find out more about you.