Mortgage Underwriter

Job Title: Senior Mortgage Underwriter - BTL

Location: London, Hybrid 3 days a week in the office

Salary: Up to £60,000

Hours: Monday - Friday 9am - 6pm

Benefits:

• 25 Days Holiday
• Pension scheme
• Private healthcare
• Discretionary Bonus
• Other flexible benefits

About the role of Senior Mortgage Underwriter - BTL:

Reporting to the Head of Buy-to-Let Underwriting, this role involves assessing and approving new BTL lending proposals in line with company lending policies. You will be responsible for evaluating risk, ensuring loans are suitable and fit for purpose, and clearly communicating lending decisions to all relevant stakeholders.

In this fast-paced and dynamic environment, you will manage a pipeline of cases, making informed underwriting decisions while adhering to internal policies. For cases outside of mandate or policy, you will present lending rationales to the Credit Committee.

You will collaborate closely with Case Managers, BDMs, and Completion Managers, overseeing applications from initial enquiry through to completion.

Responsibilities required for the role of Senior Mortgage Underwriter - BTL:

• Underwrite new lending proposals in line with policy, documenting and seeking approval for exceptions.
• Provide clear, concise lending recommendations for proposals outside mandate parameters.
• Present Credit Papers for high-value transactions to the Credit Committee.
• Participate in daily deal committees.
• Assess and evaluate valuation reports.
• Communicate underwriting requirements and decisions effectively to intermediaries.
• Collaborate with Case and Completions Managers to ensure understanding of underwriting conditions.

Experience required for the role of Senior Mortgage Underwriter - BTL:

• Minimum 2 years in a mortgage underwriting role
• Held a sole signatory mandate of £500k+
• Experience of presenting proposals to senior signatories
• Strong analytical skills with ability to articulate clear lending rationales and recommendations
• Confident in own decision-making abilities
• Pragmatic approach to lending
• Strong interpersonal skills
• Highly numerate

For more information regarding the role of Senior Mortgage Underwriter - BTL please contact us

Stellar Select is acting as an employment agency and is a corporate member of the REC

Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days.