Mortgage Underwriter

Reed Financial services are pleased to be representing a leading Building Society in finding them an experienced Mortgage Underwriter. You will underwrite mortgage applications ensuring the quality of the mortgage book is being effectively maintained and the Society’s Credit Risk Strategy is appropriate for its size and market. You will also be a main point of reference for the Sales and Operations Teams.

The role is based in th city centre of Bath, and the successful candidate is expected to attend the office at least two days a week, subject to training needs and core business requirements, as agreed with the Head of Underwriting.

What you will be doing: 

• To personally underwrite mortgage applications within your mandate level, Residential and Buy-to-Let, up to £500,000 total gross exposure, where no exceptions to policy exist. Alternatively up to £250,000 in the event of an exception, ensuring compliance with Society policies and industry regulations.
• To Liaise with and make recommendations to the Head of Underwriting for cases above your designated mandate and/or where at least one exception exists.
• To provide internal and external customers with a professional, knowledgeable and efficient service.
• To assist the Head of Underwriting in regular reviews of the Society’s Lending

Policy and provide feedback where you feel changes may be beneficial

• Build and maintain relationships with third parties including brokers, solicitors and valuers to ensure the Society maximises business opportunities and conforms to regulatory, planning and legal requirements of the mortgage process.
• Maintain a comprehensive knowledge of Society products and the criteria and policy attaching to them.
• Maintain an up-to-date knowledge of industry regulations including FCA regulations, Data Protection and Money Laundering.
• Ensure all applications are assessed in line with standard processes using systems and tools provided such as Hunter, Experian, Land Registry, MMR calculator etc, ensuring that these are correctly and effectively utilised to the benefit of the Society.
• Be responsible for the issue of compliant and correctly conditioned mortgage offer letters on all cases. 
• Assist the Head of Underwriting and Business Change team where required in project work, risk assessment and analysis, product design.
• Undertake any other reasonable tasks as requested by the Leadership Group
• Annual monitoring of insurance polcieis when required

Qualifications and Competencies

• Experience in manual, non-scored, mortgage underwriting.
• Full CeMAP qualification. CeRER (desirable)
• A solid understanding of Financial Accounts.
• Strong analytical and numerical skills with the ability to collate and interpret multiple, sometimes complex, supporting documents.
• Confident decision making including the ability to balance risk and reward.
• Ability to produce written presentations for review by the Head of Underwriting.

Whats on offer

• Competitive salaries and a good work life balance, we don’t expect you to work silly hours
• 27 days holiday (plus bank holidays) with the option to buy an additional five days
• A day off on your birthday
• A day off a year to take part in our community volunteering programme
• Generous pension scheme
• Life Insurance 
• Healthcare benefits 
• Sharing in Success: Annual bonus scheme based on both the performance of the Society and your individual performance