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Development Finance Underwriter
London
£40-45k
We are pleased to be working with a property development finance company based in North London, that provides loans to SME developers and builders to build residential units.
We are looking for a diligent, details orientated candidate who we could train to underwrite/evaluate new loans
Responsibilities:
- Successfully assessing and underwriting initial loan applications in line with company policy.
- Building successful working relationships with brokers, applicants, surveyors, solicitors and clients.
- Preparing and Instructing solicitors and surveyors on all new loans that have signed up.
- Ensuring all new clients have complied with KYC and AML requirements.
- Advising clients and brokers through the legal process and action legal correspondence.
- Liaising with the panel of solicitors and surveyors to ensure swift completion of all loans in due diligence.
- Reviewing solicitors’ reports on title.
- In depth analysis of surveyors’ development valuation reports as a crucial part of the loan underwriting process and creating internal reports for approval by the board.
- Assessing surveyors’ tranche inspection reports to ensure that the relevant build tranches have been completed satisfactorily in order that payment can be released.
Key Skills required
- Attention to detail and willingness to learn
- Ability to review documents and pick out key information required
- An analytical mind who enjoys reviewing documents
- Interest in property and property development
- Ability to speak to professionals and clients on the phone
- Good written and spoken communicator
- Basic numeracy and IT skills
