Overview
At The Stafford Building Society, we manually underwrite all our mortgage business. As a mandated underwriter, you will use your experience, knowledge, and judgement in assessing and underwriting mortgage applications. Working within the mortgage team, the role requires the underwriting of mortgage applications. The role involves reviewing and making decisions based on individual case profiles and risk. You must deliver sound customer outcomes with a fully documented rationale. This role is hybrid, with Stafford-based office working required 2-3 days each week.
Responsibilities
* Responsible for the management of mortgage applications, through to formal offer stage. Keeping the broker or mortgage advisor updated at all stages;
* Work on complex mortgage applications whilst taking the human approach to review cases manually and not relying on automated systems or algorithms to make lending decisions;
* Decide to approve or decline mortgage applications according to lending policy and criteria;
* Verify documents to support the underwriting of a case;
* Review valuation reports;
* Effectively build positive relationships with internal stakeholders, brokers, solicitors, valuers and other third parties;
* Strong analytical skills which support sound decision making in order to provide good member outcomes;
* Document lending decisions clearly and communicate the reason for approval or declining of cases to the applicant or broker;
* Be highly organized and able to prioritise workload to meet deadlines;
* Produce work to a high level of accuracy;
* Present cases at credit committee and board level when they fall outside lending criteria or policy;
* Sign off mortgage offers and mortgage completions;
* Contribute to the ongoing development of Society procedures, processes, lending policy and criteria;
* Embrace the Society’s values and promote them effectively alongside the Society brand;
* Be a team player with the ability to use own initiative;
* Maintain Financial Crime awareness and report suspicious activity or mortgage fraud to the MLRO;
* Work within the Society’s Risk Management Framework and exercise controls to minimise risks.
Qualifications and Requirements
* Seniority level: Entry level
* Employment type: Full-time
* Job function: Finance and Sales
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