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Mortgage Underwriter

  • Job
    Full-time
    Mid & Senior Level
  • Data
    Banking & Finance

AI generated summary

  • You should have experience in UK residential mortgages, strong analytical and communication skills, proficiency in Microsoft Office, and the ability to identify risks while supporting process improvements.
  • You will assess mortgage applications, ensure compliance, guide colleagues, manage application volumes, analyze documents, identify risks, and enhance customer service and processes.

Requirements

  • In this rewarding role, you’ll make mortgage lending decisions that help our customers achieve their home-owning ambitions
  • You’ll make sure that our lending decisions are made in accordance with current risk appetite, process, and procedures
  • You’ll support and guide colleagues on all matters relating to mortgage underwriting and completion
  • We're offering this role at senior analyst level
  • Make sure we’re compliant with Mortgage Conduct of Business standards, and our credit policy
  • Collect and record customer information in a timely manner to ensure efficient processing of applications
  • Identify risk factors, including fraud red flags to determine or verify misrepresentation
  • Actively participate in initiatives to improve customer service, processes, and procedures
  • Use your knowledge and experience where the mortgage application requires a more bespoke and considered approach to achieve the right outcome for customers and the bank
  • With experience in UK residential mortgages and thorough knowledge of the end-to-end mortgage lifecycle, you’ll be well organised and able to prioritise
  • You’ll need to be highly productive while maintaining a quality service and be able and willing to contribute to system improvements, along with process and development changes
  • Excellent data analysis skills to make sure we lend responsibly and within risk appetite
  • A high mathematical aptitude, plus good verbal and written communication skills
  • Proficiency in Microsoft Office and automated underwriting systems

Responsibilities

  • In this rewarding role, you’ll make mortgage lending decisions that help our customers achieve their home-owning ambitions
  • You’ll make sure that our lending decisions are made in accordance with current risk appetite, process, and procedures
  • You’ll support and guide colleagues on all matters relating to mortgage underwriting and completion
  • At the heart of this role is the responsibility of making loan eligibility decisions and approving or rejecting applications in accordance with our lending and credit policy
  • You’ll need to be comfortable with managing high volumes of applications and working to service-level agreements, to make sure we’re providing an efficient and effective service
  • You’ll have a keen eye for detail to analyse credit documents such as credit history and income documents, property valuation, and all necessary compliance documents to assess the application
  • Make sure we’re compliant with Mortgage Conduct of Business standards, and our credit policy
  • Collect and record customer information in a timely manner to ensure efficient processing of applications
  • Identify risk factors, including fraud red flags to determine or verify misrepresentation
  • Actively participate in initiatives to improve customer service, processes, and procedures
  • Use your knowledge and experience where the mortgage application requires a more bespoke and considered approach to achieve the right outcome for customers and the bank

FAQs

What is the job title for this position?

The job title for this position is Mortgage Underwriter.

Where is this role based?

This role is based in India.

What is the primary responsibility of a Mortgage Underwriter?

The primary responsibility of a Mortgage Underwriter is to make mortgage lending decisions that help customers achieve their home-owning ambitions while ensuring compliance with current risk appetite, processes, and procedures.

What documentation will a Mortgage Underwriter need to analyze?

A Mortgage Underwriter will need to analyze credit documents such as credit history, income documents, property valuation, and all necessary compliance documents.

What are some key skills required for this role?

Key skills required for this role include excellent data analysis skills, a high mathematical aptitude, strong verbal and written communication skills, and proficiency in Microsoft Office and automated underwriting systems.

Is previous experience in UK residential mortgages necessary?

Yes, experience in UK residential mortgages and a thorough knowledge of the end-to-end mortgage lifecycle are necessary for this role.

What level is this role being offered at?

This role is being offered at the senior analyst level.

How does this role contribute to improving customer service?

This role contributes to improving customer service by actively participating in initiatives that enhance processes and procedures and by using knowledge and experience to achieve the right outcomes for customers.

Will I need to identify risk factors in mortgage applications?

Yes, as a Mortgage Underwriter, you will need to identify risk factors, including fraud red flags, to determine or verify misrepresentation.

Are there opportunities for flexible working hours in this position?

Yes, there are options for hybrid working and flexible hours to help employees thrive in this role.

A relationship bank for a digital world. We champion potential.

Finance
Industry
10,001+
Employees
1968
Founded Year

Mission & Purpose

We’re a business that understands when our customers and people succeed, our communities succeed, and our economy thrives. As part of our purpose, we’re looking at how we can drive change for our communities in enterprise, learning and climate. As one of the leading supporters of UK business, we’re prioritising enterprise as a force of change. We’re focusing on the people and communities who have traditionally faced the highest barriers to entry and figuring out ways to remove these. Learning is also key to our continued growth as a company in an ever changing and increasingly digital world. By setting a dynamic and leading learning culture, our people prosper, and our customers are given the tools to continue to improve their financial capability and confidence. One of the biggest challenges we all face in our future is climate change. That’s why we’ve put it right at the core of our purpose. We want to champion climate solutions with financing and entrepreneurial support, fully embed climate into our culture and decision making, and be climate positive by 2025. We’re committed to using our purpose to break down barriers, drive change and ultimately create a great place to work.