Residential Mortgage Underwriter

Stellar Select; United Kingdom; On-site; GBP 32,000 - 48,000; Full time

Benefits offered by this job

Competitive pension

Life assurance

Private medical

Dental care

Eye care

25 days annual leave plus holidays and

Annual leave purchase option

PerkBox rewards

Refreshments and social/team events

Excellent development opportunities

Job summary

Stellar Select is seeking an experienced Residential Mortgage Underwriter to join our intermediary-focused lending team in Watford. You will assess applications, verify affordability and documentation, and efficiently manage a busy pipeline to completion.

Collaborating with brokers, solicitors and internal teams, you will ensure decisions comply with policy, risk appetite and FCA regulations, while maintaining high service standards and timely responses.

Qualifications

• Proven manual underwriting experience within a mortgage lender, with delegated authority.

Responsibilities

• 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

Skills

Manual underwriting

Underwriting authority

FCA regulation knowledge

Job description

Job Title: Residential Mortgage 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 Residential Mortgage Underwriter:

This is a great opportunity for an experienced Residential or Second Charge Mortgage Underwriter to join an intermediary-only specialist lender.

Our client will consider candidates from specialist, prime or high-street lending backgrounds, with both current and previous underwriting experience considered.

You must have strong manual underwriting experience and have held an underwriting mandate/delegated authority. This is an excellent opportunity to bring your existing underwriting experience into a growing specialist lending environment.

Responsibilities for the role of Residential Mortgage 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 Residential Mortgage 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