Bridging Underwriter

Recruitment Solutions (Folkestone) Ltd; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A highly reputable Bridging Lender in London is seeking a Senior Bridging Underwriter to join their team. This role requires expertise in assessing loans, ensuring compliance with regulations, and supporting the lending process. Competitive salary and comprehensive benefits included.

Qualifications

• Minimum 2 years of experience in underwriting bridging loans.
• Strong knowledge of mortgage lending principles and regulations.
• Excellent analytical and communication skills.

Responsibilities

• Assess and underwrite bridging loans and buy-to-let mortgages.
• Ensure compliance with lending criteria and risk management.
• Collaborate with brokers and borrowers on underwriting processes.

Skills

Bridging

Commercial Finance

Risk Assessment

Credit Evaluation

Communication

Tools

Underwriting Software

Loan Origination Systems

HubSpot

Job description

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Ref: RP6016 Salary: £60,000 to 80,000 Contract Type: PermanentLocation: London

Bridging Underwriter

Ref: RP6016 Salary: £60,000 to 80,000 Contract Type: PermanentLocation: London

Skill Set

Bridging, Bridging Underwriter, Underwriter, Commercial Finance, Senior Underwriter, Bridging and BTL Underwriter, Short Term Loan, Finance

A highly reputable, successful, and award-winning Bridging Lender currently requires a skilled and experienced Bridging and BTL Underwriter to join its dynamic and friendly team

This is an exceptional opportunity, offering a very competitive base salary, a comprehensive benefits package and bonus, alongside a vibrant and happy working environment, with genuine career progression.

The Senior Bridging Underwriter Role

As a Senior Bridging Underwriter, you will play a critical role in assessing and underwriting bridging loans and buy-to-let mortgages, ensuring adherence to lending criteria and risk management guidelines.

Conduct thorough analysis and evaluation of loan applications, including financial documents, credit histories, property valuations, and other relevant information.

Assess risks associated with each application, considering factors such as borrower creditworthiness, loan-to-value ratios, and property values.

Make informed underwriting decisions, including approving, denying, or conditionally approving loan applications, based on established criteria.

Ensure compliance with internal policies, external regulations, and industry standards throughout the underwriting process.

Collaborate with brokers, borrowers, and other stakeholders to gather necessary information, clarify requirements, and provide updates on the underwriting process.

Maintain accurate documentation of underwriting decisions, calculations, and recommendations to ensure a comprehensive loan file.

Support Underwriting Managers with complex loan assessments

Presentations to Line Manager in respect of property loans for funding

Senior Bridging Underwriter Responsibilities and Duties

Deputise for Underwriting Managers where required.

Assist loan servicing team with loans post funded, where requested.

Activity to build, manage & influence a key broker & borrower network.

Ongoing point of contact for brokers and borrowers & professional stakeholders

Presentations to Line Management & CEO on loan cases & process improvements

Mentorship of Jnr Underwriters, Underwriters & Administrators to support team goal.

Timely delivery of MI to line management as and when requested.

Update the company CRM (HubSpot) where required.

Proactive identification of new lending opportunities vs personal target of £15m per annum

Attend team meetings to share best practise & to optimise productivity.

All activity to always uphold the principles as a company ambassador.

Experience Required - Senior Bridging Underwriter

Minimum 2 years of experience in underwriting, specifically in bridging loans and buy-to-let mortgages.

Strong knowledge of mortgage lending principles, risk assessment, loan products, market trends, and regulatory requirements.

Excellent analytical skills to assess complex financial information and make sound underwriting decisions.

Attention to detail and accuracy in reviewing and verifying information, documents, and calculations.

Effective communication skills to interact with brokers, borrowers, and other stakeholders, providing clear explanations of underwriting decisions.

Strong problem-solving abilities to identify issues in loan applications and propose appropriate solutions.

Ability to work in a fast-paced environment, handling multiple tasks and adapting to changing priorities.

Proficiency in using underwriting software, loan origination systems, and other relevant tools.

The client is an equal opportunity employer, committed to promoting diversity and inclusion in the workplace.

For further details please contact Robert at Recruitment Solutions. APPLY TODAY and I will be in touch.

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