Bridging Underwriter

Stellar Select; London; Hybrid; GBP 38,000 - 45,000

Job description

Job Title: Bridging Underwriter

Location: Mayfair, London with one day working from home each week

Salary: Up to £45,000 depending on experience

Hours: Monday to Friday, 9:30am to 5:30pm

Benefits:
25 days annual leave, plus bank holidays
Company Pension

About the position of Bridging Underwriter

We have an exciting opportunity for a bridging finance professional to join a boutique mortgage lender, who are rapidly growing. As a Bridging Underwriter, the successful candidate will be managing unregulated bridging loan applications from inception through to completion.

Responsibilities for the role of Bridging Underwriter

1. Perform the necessary due diligence to support informed lending decisions.
2. Detect and highlight fraud, credit risks, or other concerns while recommending appropriate solutions.
3. Communicate with borrowers, solicitors, valuers, quantity surveyors, brokers, and internal sales teams to efficiently oversee the lending process from initial inquiry to completion.
4. Assess application forms, legal loan agreements, credit reports, valuation reports, bank statements, title reports, and information from Companies House and HM Land Registry.
5. Draft indicative terms and loan offer letters.
6. Compile investment memorandums for investors and distribute them via Adobe Sign.
7. Generate client statements for investors, borrowers, and referrers using Excel.
8. Maintain and update loan records within an Excel database.
9. Manage multiple loan applications simultaneously at various stages of the lending cycle.
10. Ensure all document reviews align with internal policies, regulatory requirements, and GDPR guidelines.
11. Support the development and improvement of the loan management system.
12. Keep CRM records up to date with contact details and pipeline loans.
13. Track industry news and trends by monitoring relevant websites.
14. Participate in team meetings and Credit Committee discussions.
15. Prepare papers for the Credit Committee and document meeting minutes.
16. Handle additional tasks and provide support as needed.

Experience and skills required for the role of Bridging Underwriter

1. At least 1 year experience working in a case management or underwriting role with a bridging lender.
2. Must have bridging finance experience.
3. Capacity to manually underwrite without relying on automated decision-making processes.
4. Intermediate/advanced level of Microsoft Office applications such as Outlook, Excel, Word and PowerPoint.
5. Good work ethic and self-disciplined.
6. Team player with strong written and verbal communication skills.
7. Able to work on own initiative.
8. Strong customer service and organization skills.
9. Analytically minded with high attention to detail and ability to multi-task.
10. Ability to meet strict deadlines.
11. Commitment to professional development.

For more information regarding the role of Bridging Underwriter, please get in touch with us.

Stellar Select is acting as an employment agency and is a corporate member of the REC.

Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful candidates within two business days.