Mortgage Underwriter

Chetwood Bank; Wrexham; Hybrid; GBP 30,000 - 60,000; Full time

Job description

About Chetwood Bank:

We’ve been challenging the way financial services firms should operate ever since our launch back in 2016. From day one, we’ve been focused on helping customers underserved by the mainstream banks, creating highly targeted products to meet their specific needs. Today, we focus on mortgage and savings products. We understand real people and their real lives, and our simple, clear approach is designed to help customers make sense of their money. We work hard to make sure customers get the quick and helpful support they need in the moments that matter, when they matter. We’re a secure, stable, and well-funded bank backed by a large investor. We generate funding using retail deposits through our savings brand, SmartSave.

Location:
This role is to be considered as Hybrid for 2 office locations, Wrexham/Fleet. We will also consider on a remote basis who live over 80 miles from either office.

Role Purpose:
Our Underwriter will assess risk and underwrite both personal and Limited Company buy-to-let mortgage applications. They will be required to adhere to rules set out within the credit framework, as well as adhere to compliance and regulatory policy and procedures. The Underwriter will work collaboratively and build good relations within the secured lending team, as well as the wider business and should be a source of reference/first point of referral for all internal and external stakeholders.

Responsibilities:

• Structure, negotiate, and analyse proposals for approval under own authority.
• Analyse and interpret any documentation required (credit bureau, payslips, bank statements, accounts, mortgage statements, assets & liabilities, business plans) in order to comply with lending policy and protect our interest. Approve loans within specified lending mandates.
• Demonstrate strong analytical skills that aid effective decision-making, good problem-solving skills, and a “can do” attitude.
• Provide guidance to customers, brokers, and solicitors on mortgage applications, lending policy, and internal processes and procedures all within a timely manner.
• Demonstrate excellent communication skills and the ability to communicate decisions to management, brokers, and customers via all mediums and within published SLAs.
• Demonstrate a good understanding of mortgages and underwriting within a specialist lending environment and application of the lending policy.
• Have a good understanding of all regulatory requirements relating to both personal and Limited Company mortgages.
• Dealing and advising on all stages of the mortgage process from application through to completion.
• To provide effective support to the business and our customers.

Skills and Experience:

• A minimum of 5 years of mortgage underwriting experience is desirable.
• Working in a similar fast-paced environment in an underwriter role.
• Ability to prioritise tasks and manage time effectively, working on own initiative and as part of a team in order to meet SLAs and deadlines.
• A good understanding of mortgages/underwriting.
• Good IT skills.
• Excellent verbal and written communication skills; able to remain calm under pressure.
• Up-to-date knowledge of FCA/PRA and all relevant regulatory mortgage requirements.
• Excellent organisational skills.
• Attention to detail.
• Flexible approach and “can do” attitude.

Chetwood Benefits:

• Competitive salary.
• 25 days holiday PLUS your BIRTHDAY off.
• Pension contribution with Royal London.
• Life Assurance.
• Private medical, dental and optical health insurance with Axa.
• Hybrid working – Wrexham or Fleet.
• Free breakfast available.

Data Protection:
We anticipate that we will retain your data as part of the recruitment process for no longer than is necessary for the purpose for which it was collected unless we have sought your consent to keep your data for future suitable job vacancies. Chetwood Financial Ltd does not accept speculative or unsolicited CVs from Recruitment Agencies. Any unsolicited CVs received will be treated as the property of Chetwood Financial and Terms & Conditions associated with the use of such CVs will be considered null and void.

The personal information we have collected from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by here.