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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.
