Job Type: Permanent
Job ID: 166684
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;
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;
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.