Residential Mortgage Underwriting Director
3 days ago
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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