Molo is an award-winning fintech disrupting the mortgage industry. Since launching in 2018, we've led change in the UK mortgage market and have processed over £2 billion in mortgage applications submitted through our platform.
Our goal is to overhaul the mortgage experience and bring it firmly in line with other modern, customer-centric financial services. With a tech-first approach, we deliver simpler, faster mortgage lending that replaces cumbersome processes with near real-time decisions.
We've won several awards for 'Best Digital Mortgage Lender' at the Fintech Awards and 'Best Online Mortgage Lender' at the Lending Awards. Molo is a wholly-owned subsidiary of ColCap Financial Limited and is regulated by the UK's Financial Conduct Authority.
About the Role
As a Specialist Buy to Let Mortgage Underwriter, you will make sure appropriate lending decisions are made in a well-timed manner, whilst providing incredible levels of service as you go.
Key elements of the role include:
1. Use allocated lending mandate to assess and underwrite mortgage applications in accordance with current lending policy and within mandated limits;
2. Operate as a team player within the business to ensure that all service standards and targets are consistently delivered;
3. Adhere to TCF requirements and principles;
4. Identify and report suspicions in line with Anti-Money Laundering legislation and procedures;
5. Ensure all work is undertaken to a first-class standard by adopting a right-first-time attitude and approach through coaching, training, and performance management;
6. Ensure effective communication with internal stakeholders, external customers, and third parties;
7. Support Underwriting Lead by demonstrating daily proactive planning, management of workloads, and recommendation of process improvement changes where appropriate;
8. Supporting and guiding colleagues on all matters relating to the underwriting and completion of mortgages;
9. Managing decisions on enquiries, new applications and responding within agreed time frames;
10. Minimise and understand the risks associated with each application;
11. Obtain all necessary documentation to accurately make a lending decision;
12. Manage pipeline cases through to completion;
13. Work with Legal, Credit Risk, Treasury and Finance teams to ensure all lending requirements are satisfied before the release of funds;
14. Responsible for any reasonable additional tasks that are required to be undertaken on a day-to-day or ad hoc basis.
This is a hybrid role coming into the office two days a week.
About You
As an Underwriter, you will be responsible for assessing and underwriting Buy to Let mortgage applications to minimise risk to the company whilst adhering to regulations and standards.
As an experienced Underwriter, you will have extensive knowledge within the mortgage and loans industry, holding your own mandate. We are looking for an underwriter with a minimum of 2 years of experience who has been a direct mandate holder.
Consideration will be given to candidates with experience dealing with Buy-to-let applications with additional expertise to include portfolios, multi-unit freehold blocks, and large HMOs. Experience of manual underwriting would be beneficial.
In addition, you will possess excellent literacy and numeracy skills as well as a strong working knowledge of Microsoft Office.
Molo offers a chance to:
* Become an integral part of one of the leading fin-tech start-ups in mortgages;
* Health, Dental, Optical, and Mental Health Cover;
* 25 days holiday + National holidays;
* Company offsites.
Seniority level
Associate
Employment type
Full-time
Job function
Finance, General Business, and Other
Industries
Financial Services, Technology, Information and Media, and Banking
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