Residential Mortgage Underwriter

Stellar Select Limited; Watford; On-site; GBP 35,000 - 50,000; Full time

Benefits offered by this job

Pension

Life Assurance

Private Medical

Dental

Eye Care

25 days leave + holidays + leave buy

Job summary

Stellar Select Limited is seeking an experienced Residential Mortgage Underwriter in Watford to join a specialist intermediary lender. The role requires strong manual underwriting experience and the ability to assess affordability and credit risk within defined policy and FCA guidelines.

You will manage a busy pipeline, liaise with brokers and maintain accurate case records while ensuring timely progression and regulatory compliance.

Qualifications

• Strong manual underwriting experience within a mortgage lender or broker environment.
• Experience underwriting second charge and residential mortgage applications with solid lending judgement.
• Good understanding of FCA regulation, responsible lending and risk requirements, with meticulous attention to detail.

Responsibilities

• Underwrite applications in line with company policy, criteria and risk appetite.
• Assess borrower circumstances, affordability, documentation and overall credit risk.
• Manage a pipeline of cases from application through to completion and provide updates to brokers.

Skills

Manual underwriting

Mortgage underwriting

Credit risk

Affordability assessment

Attention to detail

Broker liaison

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