Head of Underwriting

We are pleased to be working with a Bridging Finance lender, based in Borehamwood, on their search for a Head of Underwriting, to join the team.

The Head of Underwriting plans and leads the management of the underwriting team in support of the company's overall strategy and business goals, including delivery and conversion of good quality loans.

• Oversee the Underwriting Team in the management of multiple cases, ensuring quality outputs in both sales and customer service.
• Experience with Manual underwriting is essential as you will personally underwrite the more complex cases.
• Review the underwriters credit papers for submission to the Credit Committee for approval.
• Collate credit responses, suggest credit committee meetings where relevant and ensure all questions have been answered prior to completion.
• Sign off all KYC requirements for a range of borrowers from UK individuals to corporate off shore structures and trusts and carry out credit bureaux searches.
• Review and approve all valuation reports and Loan Agreements and insurance documents
• Review and approve Reports on Titles, Intercreditor deeds and specialist reports
• Ensure that all files are detailed to show full rationale and thought process, sign off the file precompletion and authorise completion statements for funds release.
• Lead regular team meetings to manage the pipeline effectively, and attend the monthly sales meetings.
• Attend monthly Senior Management meetings to ensure all departments work
• Ensure efficient utilisation of multiple existing facilities both in terms of criteria, funding restrictions and profits.
• The management of new funding lines, including the production of mutually agreeable documentation, criteria and reporting.
• Keep fully up to speed with all legislative changes.
• Reporting any suspicious activity to the relevant organisations
• Carrying out regular Data Protection, Money Laundering, KYC and TCF training
• Analysis of data to highlight necessary criteria/ product changes.