2nd Charge Underwriter

Stellar Select; United Kingdom; On-site; GBP 32,000 - 46,000; Full time

Benefits offered by this job

Pension

Life assurance

Private medical

Dental care

Eye care

25 days annual leave + holidays

PerkBox rewards

Team events

Career progression

Job summary

Stellar Select is seeking a 2nd Charge Underwriter in Watford to assess mortgage applications and make lending decisions within risk appetite. You will manage cases through to completion and maintain strong relationships with broker partners.

The role requires experience in second charge and/or residential underwriting, with a focus on accuracy, regulatory compliance, and timely processing.

Qualifications

• Experience underwriting mortgage applications with delegated authority.
• Strong understanding of FCA rules and responsible lending.
• Attention to detail and sound lending judgement.

Responsibilities

• Underwrite applications in line with policy and risk appetite.
• Assess borrower affordability and supporting documents.
• Manage pipeline from application to completion and update brokers.

Skills

Mortgage underwriting

FCA regulation

Credit assessment

Broker liaison

Risk management

Job description

Job Title: 2nd Charge Underwriter

Location: Watford

Salary: Confirmed on application

Hours: Monday to Friday 9 am to 5.30 pm

Benefits:

• Competitive pension, life assurance, private medical, dental, and eye care
• 25 days annual leave plus bank/public holidays and annual leave purchase option
• PerkBox rewards, refreshments, and social/team events
• Excellent development and career progression opportunities

About the position of 2nd Charge Underwriter:

Our client is a growing specialist lender looking for an experienced Mortgage Underwriter to join their team. They are open to considering candidates with either second charge or residential mortgage underwriting experience, making this an excellent opportunity for an underwriter looking to develop their specialist lending experience. You will be responsible for assessing mortgage applications, making lending decisions within the company's risk appetite and managing cases through to completion, while building strong relationships with broker partners and other key stakeholders.

Responsibilities for the role of 2nd Charge Underwriter:

• Underwrite applications in line with company policy, underwriting criteria and risk appetite
• Assess borrower circumstances, affordability, supporting documentation and overall credit risk to make sound lending decisions
• Manage a pipeline of cases from application through to completion
• Provide clear, concise and accurate updates to brokers throughout the underwriting process
• Proactively liaise with brokers to obtain outstanding information and documentation
• Ensure all case information and underwriting decisions are accurately recorded on the relevant systems
• Build and maintain strong relationships with mortgage brokers, solicitors and third-party suppliers
• Work closely with internal teams to ensure cases progress efficiently and within agreed timescales
• Ensure all underwriting decisions comply with FCA regulation, company policy, responsible lending and risk requirements
• Maintain high levels of service while managing a busy caseload and working to deadlines

Experience and skills required for the role of 2nd Charge Underwriter:

• Proven manual underwriting experience within a mortgage lender, with experience holding an underwriting mandate/delegated authority
• Experience underwriting second charge and/or residential mortgage applications, with strong credit assessment and lending judgement
• Good understanding of FCA regulation, responsible lending and risk requirements, with strong attention to detail and the ability to make sound lending decision