Assistant Underwriter

3 weeks ago


London, United Kingdom Kennedy Pearce Consulting Full time

**Job details**:

- Posted 23 June 2023
- Salary £30000 - £35000 per annum
- LocationLondon
- Job type Permanent
- DisciplineBanking Operations
- ReferenceUA123_1687535395
- Contact NameWill Goodman

**Job description**:
Job Title: Assistant Underwriter - Mortgage Specialist (Buy-to-Let Loans and Bridging)

**Responsibilities**:

- Risk Assessment: Conduct thorough assessments of applicants' financial information, credit histories, and property valuations to determine loan eligibility and risk levels.
- Documentation Verification: Verify and analyze supporting documentation such as income statements, bank statements, credit reports, property appraisals, and legal documents to ensure accuracy and compliance.
- Underwriting Support: Assist the underwriting team in preparing loan proposals, completing risk analysis reports, and generating loan documentation.
- Compliance: Stay updated on mortgage lending regulations, industry trends, and changes in underwriting policies to ensure compliance and mitigate risks.
- Quality Control: Conduct quality control checks on loan files, ensuring accuracy, completeness, and adherence to internal policies and regulatory guidelines.
- Data Management: Maintain accurate and organized records of underwriting activities, loan decisions, and supporting documentation within the designated systems.
- Customer Service: Provide professional and responsive customer service to mortgage applicants, brokers, and internal stakeholders, addressing inquiries and concerns promptly and courteously.
- Continuous Improvement: Identify opportunities to streamline underwriting processes, enhance efficiency, and contribute to the overall improvement of the underwriting function.

**Requirements**:

- Education: Bachelor's degree in finance, economics, business administration, or a related field. Relevant certifications in mortgage underwriting will be a plus.
- Experience: Minimum of 2 years of experience in mortgage underwriting, preferably with a focus on buy-to-let loans and bridging finance.
- Knowledge: Sound understanding of mortgage lending principles, underwriting guidelines, and risk assessment methodologies. Familiarity with regulatory requirements related to mortgage lending, such as TRID and RESPA.
- Analytical Skills: Strong analytical abilities with the ability to review financial statements, credit reports, property appraisals, and other relevant documentation.
- Communication Skills: Effective written and verbal communication skills to interact with diverse stakeholders, including brokers, loan officers, and internal teams.
- Software Proficiency: Proficiency in mortgage underwriting software and industry-specific tools. Experience with loan origination systems (LOS) is desirable.
- Ethical Conduct: Demonstrated commitment to maintaining confidentiality, ethical conduct, and compliance with regulatory requirements.
- Team Player: Ability to work collaboratively in a team environment, supporting senior underwriters and contributing to a positive and productive work atmosphere.



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