Underwriter

Description, duties, responsibilities

Evaluation of loan applications deciding whether to approve an applicant for finance. Liaising with Case Managers for them to obtain personal, financial and other relevant information to the decision-making process. Underwriters assist applicants by explaining the terms of the offered loan and their repayment terms by carrying out telephone or face-to-face interviews. Underwriters then evaluate and analyse the relevant information of a loan applicant to make a final decision whether to lend money. Legal due diligence is also a key consideration. Ensure all cases and dealings with customers are carried out in a fully compliant manner, in accordance with the FCA’s Treating Customers Fairly (TCF) ethos and ensuring the FCA’s Principles of Business (PRIN) are adhered to at all times.

Other benefits

• New application file reviews
• Ensuring all applications adhere to KYC regulations
• Place customers (both our clients and their retail customers) at the heart of our business
• Ensure appropriate sign-off of Sightings Papers
• Case ownership from offer issued to completion working closely with the Legal Underwriter once at legal stage.
• Google and internet investigation on all applicants.
• Request for any further information required to fully underwrite a case from introducer or applicant.
• Sightings Papers 
• Creating and issuing offer letters on completion of a fully executed Sightings Paper and LCS.
• Checking offer letters prepared by other underwriters.
• Prepare borrowers outstanding list and supporting information and send to all parties.
• Chasing offers issued back from borrowers / introducers. (Liaising direct with the BDM if any delays occur).
• Logging offers received onto Bclass.
• Valuation quotes and time frames – feeding information back to the introducer / borrower for decision to proceed (liaising direct with the BDM if any delays occur).
• Chasing borrowers for payment of valuation and information required by the valuer.
• Chasing valuation reports.
• Review and approval of valuation reports.
• Requesting and chasing introducer, borrowers and borrowers solicitors for outstanding KYC and CP’s.
• Review and approval of KYC, CP’s and supporting information.
• Requesting consent to a second charge, mortgage statement and redemption statement where applicable.
• Equifax (Individual and corporate).
• Call ML.
• All appropriate checks including (but not limited to) Sira, HMT Sanctions,
• Insolvency, IBAN.
• Scanning and saving the hard copy file into the electronic file as appropriate
• Valuation & Solicitor’s instructions.
• Checking Treasury documents. Completed by legal underwriter.
• Full completion of DRIP forms (each section to be completed as the application progresses)
• Borrower Telephone Interviews to be completed on receipt of valuation report.
• Signature checks.
• Review and sign off RoT ensuring signed off by a partner or senior solicitor.
• Cross reference of funding partner points raised in response to the initial sightings paper, ensuring all points are fully dealt with and reported within the DRIP and RoT.
• Chasing funding partners for updates on cases they are reviewing for pay out.
• Deal with funding partners pre drawdown queries.
• Pre drawdown security check.

Personality requirements and skills

• Good analytical, interpersonal, and communication skills
• Provide insight and constructive challenge where required
• Ability to demonstrate decisiveness and sound judgement on a consistent basis
• Strong knowledge of the Regulatory aspects of the financial services sector including risk, compliance and conduct.
• Strong knowledge of Regulatory framework including FCA, FOS, ICO etc.
• A thorough knowledge of UK property markets, UK property law and secured lending process
• Minimum of 2 years Underwriting experience with own mandate
• Experience of Residential & Commercial Underwriting
• Passion for offering great service and results
• Excellent communication and interpersonal skills
• Sound knowledge of Underwriting principles and methods
• PC Competent – Outlook, Word, Excel