Residential Mortgage Underwriting Director

3 days ago


Hertfordshire, United Kingdom Stellar Select Full time
About the Role

We are seeking an experienced Residential Mortgage Underwriting Director to join our team at Stellar Select.

Job Summary: As a Residential Mortgage Underwriting Director, you will be responsible for managing and operating the underwriting team for our Buy-to-Let proposition. You will support the risk function in defining risk policies, procedures, and strategies while developing and managing the underwriting team to capitalize on loan opportunities.

Key Responsibilities:

  • Design, manage, embed, and deliver the credit risk management framework and procedures to ensure best practices in underwriting.
  • Deputise for the Lending operations Director when required.
  • Manage and develop the underwriting team.
  • Ensure Service Level Agreements (SLAs) are maintained and exceeded.
  • Develop and promote clear standards of performance within underwriting that support the company's training and competency policy.
  • Implement training and ensure adequate records of staff training and competence are maintained.
  • System owner of BTL origination platform which includes helping develop effective systems and processes providing specifications and UAT.
  • Mandated to approve high-value loans.
  • Implement effective underwriting controls across all processes and procedures to minimize the risk of error.

Requirements:

  • Extensive experience leading, developing, and managing a team of underwriters.
  • Superb people and communication skills.
  • Takes ownership and responsibility and is results-orientated.
  • Experience gained with a Buy-to-let Lender, ideally a specialist lender.
  • Experienced being a mandated underwriter.

Benefits:

  • Contributory Pension scheme.
  • Private Medical Healthcare.
  • Life Assurance.
  • Dental Plan.
  • Free eye tests.
  • Annual leave purchase scheme.
  • Social events.
  • Refreshments.
  • 25 days annual leave with bank and public holidays on top.
  • Perk box.
  • Superb development opportunities.

Location: Hertfordshire

Salary: £60,000 - £80,000 per annum depending on experience



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