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Mortgage Underwriter

Posted by Placements24
sunderland, tyne and wear, SR1 2AN, United Kingdom
Full time
Remote
£55,000 - £55,000 Per Annum

Job Description

About the Role

Our client is seeking a diligent and analytical Mortgage Underwriter to join their team, offering a fully remote working arrangement. This role is crucial in assessing the risk associated with mortgage applications, ensuring adherence to lending policies and regulatory requirements. You will evaluate borrower creditworthiness, property values, and loan documentation to make informed lending decisions. This position is ideal for a professional who thrives on detailed analysis and can maintain a high level of accuracy while working independently from home, contributing significantly to the lending operations in Sunderland .

Key Responsibilities

Review and analyze mortgage loan applications, including credit reports, financial statements, and property appraisals.
Determine loan eligibility based on company policies, industry regulations, and risk assessment criteria.
Communicate underwriting decisions clearly and provide detailed explanations for approvals, denials, or counter-offers.
Work closely with loan officers and brokers to gather necessary documentation and clarify application details.
Ensure compliance with all relevant lending laws and regulations, including AML and KYC procedures.
Maintain up-to-date knowledge of mortgage products, market conditions, and underwriting best practices.

Requirements

Proven experience as a Mortgage Underwriter or in a similar role within the financial services sector.
Strong understanding of mortgage lending principles, credit analysis, and risk assessment.
Familiarity with underwriting software and loan origination systems.
Excellent attention to detail and accuracy in reviewing complex documentation.
Effective communication and decision-making skills.
Ability to manage a pipeline of applications efficiently in a remote setting.

Benefits