2nd Charge Underwriter

Stellar Select Limited; Watford; On-site; GBP 42,000 - 48,000; Full time

Benefits offered by this job

Pension

Life insurance

Private medical

Dental care

Eye care

Annual leave

Job summary

Stellar Select Limited is seeking a 2nd Charge Underwriter in Watford to assess mortgage applications and manage cases from application through to completion. The role can involve second charge or residential underwriting experience, with a focus on sound lending decisions within risk appetite.

You will build relationships with broker partners and internal teams while ensuring timely updates and accurate case recording. This position offers development opportunities within specialist lending.

Qualifications

• Proven underwriting experience within mortgage lending.
• Experience underwriting second charge and/or residential mortgage applications.
• Good understanding of FCA regulation and responsible lending.

Responsibilities

• Underwrite applications in line with policy, criteria and risk appetite.
• Assess borrower circumstances, affordability and supporting documents to make lending decisions.
• Manage a pipeline from application to completion and update brokers regularly.
• Build relationships with mortgage brokers, solicitors and third-party suppliers.
• Ensure underwriting decisions comply with FCA regulation and company policy.
• Maintain high service levels while meeting deadlines.

Skills

Underwriting experience

Mortgage lending

Credit risk

FCA regulation

Lending judgement

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