Development Finance Underwriter
3 weeks ago
Underwriter
Development Finance
London
We are pleased to be working with a property development finance company based in North London, that provides loans to SME developers and builders to build residential units.
We are looking for a diligent, details orientated candidate who we could train to underwrite/evaluate new loans
Responsibilities:
Successfully assessing and underwriting initial loan applications in line with company policy.
Building successful working relationships with brokers, applicants, surveyors, solicitors and clients.
Preparing and Instructing solicitors and surveyors on all new loans that have signed up.
Ensuring all new clients have complied with KYC and AML requirements.
Advising clients and brokers through the legal process and action legal correspondence.
Liaising with the panel of solicitors and surveyors to ensure swift completion of all loans in due diligence.
Reviewing solicitors’ reports on title.
In depth analysis of surveyors’ development valuation reports as a crucial part of the loan underwriting process and creating internal reports for approval by the board.
Assessing surveyors’ tranche inspection reports to ensure that the relevant build tranches have been completed satisfactorily in order that payment can be released.
Key Skills required
- Attention to detail and willingness to learn
- Ability to review documents and pick out key information required
- An analytical mind who enjoys reviewing documents
- Interest in property and property development
- Ability to speak to professionals and clients on the phone
- Good written and spoken communicator
- Basic numeracy and IT skills
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