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Bridging Underwriter

Stellar Select
Posted a day ago, valid for 22 days
Location

London, Greater London SW1A2DX, England

Salary

£45,000 per annum

Contract type

Full Time

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Sonic Summary

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  • The position of Bridging Underwriter is available in Mayfair, London, offering a salary of up to £45,000 depending on experience.
  • Candidates should have at least 1 year of experience in a case management or underwriting role within bridging finance.
  • The role involves managing unregulated bridging loan applications, performing due diligence, and communicating with various stakeholders throughout the lending process.
  • The successful candidate will need to manually underwrite loans, maintain accurate records, and support the development of the loan management system.
  • Benefits include 25 days of annual leave plus bank holidays and a company pension, with the opportunity to work from home one day a week.

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 application from inception through to completion.

For this role, we are able to consider candidates who come from a case management or underwriting background within bridging finance.

Responsibilities for the role of Bridging Underwriter

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

Experience and skills required for the role of Bridging Underwriter

  • At least 1 years experience working in a case management or underwriting role with a bridging lender
  • Must have bridging finance experience.
  • Capacity to manually underwrite without relying on automated decision-making processes.
  • Intermediate/advanced level of Microsoft Office applications such as Outlook, Excel, Word and PowerPoint
  • Good work ethic and self-disciplined
  • Team player with strong written and verbal communication. Candidates must have the ability to
  • communicate
  • Able to work on own initiative.
  • Strong customer service and organisation skills
  • Analytically minded with high attention to detail and ability to multi-task
  • Ability to strict deadlines
  • 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.

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