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Residential and Buy-to-Let Mortgage Underwriter

2 months ago


London, Greater London, United Kingdom Molo Full time
About the Role

Molo is a pioneering fintech company that is revolutionizing the mortgage industry in the UK. We are seeking an experienced Residential and Buy-to-Let Mortgage Underwriter to join our team.

Key Responsibilities
  • Assess and underwrite mortgage applications to minimize risk to the company while adhering to regulations and standards.
  • Use allocated lending mandate to assess and underwrite mortgage applications in accordance with current lending policy and within mandated limits.
  • Operate as a team player within the business to ensure that all service standards and targets are consistently delivered.
  • Adhere to TCF requirements and principles.
  • Identify and report suspicions in line with Anti-Money Laundering legislation and procedures.
  • Ensure all work is undertaken to a first-class standard by adopting a right-first-time attitude and approach through coaching, training, and performance management.
  • Ensure effective communication with internal stakeholders, external customers, and third parties.
  • Support Underwriting Lead by demonstrating daily proactive planning, management of workloads, and recommendation of process improvement changes where appropriate.
  • Support and guide colleagues on all matters relating to the underwriting and completion of mortgages.
  • Manage decisions on enquiries, new applications, and respond within agreed time frames.
  • Minimize and understand the risks associated with each application.
  • Obtain all necessary documentation to accurately make a lending decision.
  • Manage pipeline cases through to completion.
  • Work with Legal, Credit Risk, Treasury, and Finance teams to ensure all lending requirements are satisfied before the release of funds.
About You

We are looking for an experienced Underwriter with a minimum of 2 years of experience who has been a direct mandate holder. Consideration will be given to candidates with experience dealing with residential and Buy-to-let applications with additional expertise to include portfolios, multi-unit freehold blocks, and large HMOs.

You will possess excellent literacy and numeracy skills as well as a strong working knowledge of Microsoft Office/Google Suite.

What We Offer
  • Become an integral part of one of the leading fintech start-ups in mortgages.
  • Health, Dental, Optical, and Mental Health Cover.
  • Pension contribution (5%).
  • 25 days holiday + National holidays.
  • Company offsites.