Mortgage Underwriter
Teams within the underwriting department: Buy to let, 2nd charge and 1st charge. (Depending on experience, you will be selected for one of these teams)
Location: Watford
Salary: £30k - £45k + Private Health Care + Pension contribution + Death in service + Half Day for Birthdays + Many more...
Job Overview:
The Mortgage Underwriter will be responsible for evaluating and approving mortgage loan applications in accordance with company policies and regulatory guidelines. This role involves a detailed analysis of financial documents and credit information to assess the risk and eligibility of applicants.
Key Responsibilities:
- Review and analyse mortgage loan applications and supporting documentation.
- Assess the creditworthiness and financial stability of loan applicants.
- Ensure compliance with company policies, investor guidelines, and regulatory requirements.
- Approve or deny loan applications based on analysis and established criteria.
- Communicate decisions to loan officers and provide detailed explanations for approvals or denials.
- Identify and resolve any discrepancies in documentation or information provided.
- Maintain accurate records of underwriting decisions and supporting documentation.
- Collaborate with loan officers, processors, and other team members to ensure smooth loan processing.
- Stay up-to-date with industry trends, regulations, and best practices in mortgage underwriting.
Qualifications:
- Bachelor's degree in finance, accounting, business, or a related field.
- Proven experience as a mortgage underwriter or in a similar role.
- In-depth knowledge of mortgage lending regulations and guidelines.
- Strong analytical skills and attention to detail.
- Excellent communication and interpersonal skills.
- Proficiency in mortgage underwriting software and other relevant computer applications.
- Ability to work independently and as part of a team.
- Strong organizational and time-management skills.
Preferred Qualifications:
- Experience with various types of mortgage products, including BTL, 2nd charge, 1st charge.
- Attention to detail
Apply Now!