Mortgage Underwriter – North Herts

Stellar Select Limited; Enfield; On-site; GBP 42,000 - 60,000; Full time

Benefits offered by this job

Pension 15% (employer 10% / employee 5

26 days holiday + birthday off

Discretionary bonus scheme

Private Health Insurance

Critical Illness Insurance

Dental Cover

Income Protection

Enhanced parental leave

Menopause support

Carers leave

Charity Day

Employee Assistance Programme

Cycle2work Scheme

Benefits Hub with discounts

Job summary

Stellar Select Limited is seeking a Mortgage Underwriter in the North Hertfordshire area with hybrid working 2-3 days in the office. The role involves assessing commercial and residential mortgage applications for professional landlords, ensuring quality, credit risk alignment and policy compliance.

The candidate will prepare concise lending summaries and may approve within delegated authority or escalate to senior leadership.

Qualifications

• Experience underwriting commercial and residential mortgage loans.
• Lending mandate/delegated authority experience.
• Ability to work within tight time constraints.
• Strong relationship-building skills.

Responsibilities

• Assess new lending applications for commercial and residential mortgages to evaluate quality, credit risk and policy compliance.
• Prepare lending summaries and make recommendations to senior credit decision-makers.
• Support post-sanction administration and ensure MI requirements are met.
• Maintain accuracy and data integrity across records and processes.
• Contribute to strategic projects and initiatives to improve governance and control.

Job description

Job Title: Mortgage Underwriter

Location: North Hertfordshire - Hybrid. 2-3 days per week in the office. It is expected to be based in the office full time during the first 2 weeks.

Salary: On Application

Hours: Monday - Friday 9 am - 5 pm

Benefits:

• 15% Contributory Pension (10% Employer, 5% Employee)
• 26 days holiday plus bank holidays, and a day off for your birthday
• Discretionary Bonus Scheme & Annual salary reviews
• Paid sick leave & Digital GP 24/7
• Private Health Insurance, Critical Illness Insurance & Dental Cover
• Income Protection
• Enhanced maternity, paternity and shared parental leave
• Menopause support
• Paid Carers leave
• Charity Day
• Employee Assistance Programme
• Cycle2work Scheme
• Benefits Hub; large selection of?employee discounts, rewards and?perks across?a number?brands,?restaurants, holidays and 'away'?days.??

About our client and the role of Mortgage Underwriter

Our client is a fast-growing financial services provider who put their colleagues and customers at the heart of everything they do. They are built on strong values with a collaborative culture, with a strong focus on inclusivity, integrity and innovation.

They have an exciting opportunity for an experienced Portfolio BTL and Commercial Underwriter to join their established underwriting team, in either Hertfordshire or Cheshire.

You will assess new lending applications for commercial and residential mortgages for professional landlords, to evaluate quality, credit risk, and compliance with the lending policies and risk appetite. You will prepare clear and concise lending summaries, approving applications within your delegated authority or making well-reasoned recommendations to the Head of Underwriting, Director of Credit & Underwriting, or the Credit Committee.

Responsibilities for the role Mortgage Underwriter

• Conduct thorough research, analysis, and assessment of individual lending applications, identifying key risks and making informed lending decisions or recommendations.
• Identify any exceptions to the Bank's lending policies or guidance, providing clear recommendations and appropriate remedial actions where required.
• Support post-sanction administration activities, ensuring all processes are completed accurately, promptly, and in accordance with the Bank's policies, procedures, and management information (MI) requirements.
• Maintain a high standard of accuracy and accountability for all data entered and records maintained.
• Contribute to strategic projects and continuous improvement initiatives designed to enhance the Bank's performance, governance, and control environment.
• Consistently demonstrate the Bank's values and behaviours, acting as a positive ambassador for the organisation.
• Build and maintain strong working relationships with colleagues across the Business Development Team, providing expert support and fostering effective collaboration.
• Support the day-to-day credit operations of the Bank, ensuring all activities are conducted in compliance with applicable legal and regulatory requirements.
• Contribute to the successful delivery of the annual lending objectives while maintaining strong credit quality and prudent risk management.
• Promote full compliance with Anti-Money Laundering, Treating Customers Fairly, and Customer Conduct and Outcomes standards, delivering an exceptional customer experience reflected in positive customer feedback.
• Champion the strategy, values, and culture of the company, embedding these principles in relationships with customers, suppliers, and stakeholders to support sustainable business growth and performance.

Experience and skills required for the role of Mortgage Underwriter

• Must have held a lending mandate/Delegated Authority sanctioning mandate
• Proven experience of underwriting commercial and residential property investment loans to small and medium sized businesses.
• Experience of underwriting commercial owner-occupier (and OpCo / PropCo) deals and a good understanding of balance sheet lending is preferable.
• Ability to work within tight time constraints.
• Ability to develop and manage relationships at key levels in the business.
• Good team working, organisational and administration skills.
• Driven and ambitious