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Mortgage Underwriter

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Reporting To:
Mortgage Underwriting Team Leader
Salary:
Competitive + Benefits
Location:
United Kingdom, Flexible Location
Job Ref:
SHAW01980

The Role

The Shawbrook Group is a specialist UK lender and savings bank founded in 2011 to serve the needs of SMEs and individuals in the UK with a range of lending and savings products. Due to a recent acquisition, The Mortgage Lender (TML) is now part of the Shawbrook Group, reinforcing TML’s growth plans with the strength of a retail savings franchise.

TML is a specialist intermediary-only mortgage lender that provides products and criteria that meet the needs of borrowers who are not served by the high street.

TML are currently looking for a Mortgage Underwriter to process new mortgage applications (Residential and Buy to Let), received from intermediaries in accordance with the company’s Lending Policy and service standards.

Responsibilities

Ensuring that all applications and/ or associated documents received into the department are processed, accurately an in a timely manner meeting the department service levels.

Assess the mortgage application and supporting documents in line with the company’s Lending Policy.

Review information provided by the Credit Reference Agencies and other support partners including anti-fraud agencies, ensuring a full understanding of the applicant’s credit/ risk profile.

Review and approve the applicant’s overall affordability results.

Instruct property valuers to undertake property valuation. Once received, review valuation and assess the key variables including comparables provided.

The preparation of mortgage offers is a key function and underwriters will have an understanding of the legal implications of any mortgage conditions applied to the offer.

Develop a full knowledge of the Mortgage Application System and utilise the system to ensure all mortgage applications are processed in line with the company’s service standards

Liaise directly with intermediaries on the application ensuring information requested is received as well as providing an excellent level of service to the intermediary.

Recommend loans to the Underwriting Manager where they fall outside of the lending mandate held. Providing an appropriate rationale.

The Person

Able to demonstrate a minimum of 2 years underwriting experience within the unsecured/ secured lending, residential or commercial mortgage market

Understanding of the regulatory environment and in particular TCF

Experience of dealing with brokers and third parties