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Underwriter

Location: Darlington

Salary: Competitive

Job Type: Permanent

Job ID: 166684

Job Purpose:

Underwriting mortgage applications to ensure all risks are identified and controlled in line with the obligations as a responsible lender and the lending risk pillars of;

  • credit history,

  • security,

  • mortgage loan to value,

  • mortgage loan to income and affordability at a stressed rate.

The role involves:

  • Reviewing initial mortgage applications to issue first Decision in Principle that comply with Society’s Lending Policy and advising on required documentation to progress the mortgage case.

  • Execution of mandate at formal offer stage, clearly stipulating the rationale for the decision in line with the individual delegated authority and ensuring full justification and documentation of decisions made.

  • To effectively communicate lending decisions on a timely basis to internal stakeholders.

  • Identify and implement improvements within the department and adhere to service standards and the Quality assurance framework.

  • Ensuring the Society protects itself from unnecessary risks and maintains a strong control environment for credit, conduct and fraud.

 

Knowledge, Skills & Experience Required:

  • 5 GCSE’s grade C or above (or equivalent) including Maths and English;

  • CeMAP preferred

  • Relevant experience in mortgage underwriting or similar disciplines.

  • Ideally would have previously held a lending mandate.

  • Understanding of the mortgage industry and products

  • Understanding of the external regulatory environment under FCA Conduct of business rules

  • IT Literacy in all Microsoft packages

  • 6 Months minimum experience within an underwriting role.