Solihull
New Business Process
Dependent upon experience
Permanent

About the Role

Brief description
If you are an experienced mortgage underwriter who has held a mandate, then we want to hear from you.

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.

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

About You

Skills
  • In depth knowledge of the mortgage lifecycle
  • 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
Qualifications and experience
At least four years' experience of mortgage underwriting is essential, preferably in buy-to-let.
CeMAP preferred but not essential but must be willing to study towards CeMAP if not already qualified.

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