Underwriting Manager Specialist Residential

About us

LendInvest is the UKs leading FinTech platform for property finance. Over the past 16 years we have grown from just our two founders to a team of over 200 working to make property finance simple for everyone.

A workplace culture built around trying new things getting things done and having fun while we do it has helped us lend more than 7 billion of mortgages put thousands of new or improved homes into the UK housing market and successfully launch on the London Stock Exchange. We have big plans to continue growing the business our products our technology and our people.

About the role

This key role is to manage the Residential underwriting team and support staff taking full responsibility for the processing assessment and final approval of all unregulated Buy to Let applications. Youll have the opportunity to develop the team and recommend new processes and changes to Lending policy to both enhance risk management and offer a marketleading service to clients.

As the Underwriting Manager you must be able to demonstrate excellent knowledge of all aspects of Residential mortgage applications and the stated lending policy whilst taking a balanced view on the riskreturn equation. Youll also have to ensure that you are aware (at all times) of the loans being made and that they are securitised and as such must meet the requirements set out in the funding agreements and subsequently pass external audit checks without exception.

Day to Day

Managing the underwriting/process activity and priorities through hands on management and MI. Take clear steps to improve efficiency and processes to enhance client experience without diluting lending quality
Setting team members individual objectives and reviewing through formal review/appraisal process. Dealing proactively with poor performance and absence management
Ensuring full case approval/underwriting takes place according to SLA including lending rationales that are clear without recourse to the underwriter. All exception cases to be clearly recorded
Establish and maintain a structured training plan for underwriters and support the development of case managers. This includes ensuring underwriters have completed their KYC annual training and fully understand their responsibilities regarding reporting etc
Support the Head of Underwriting produce the Management Information pack on underwriting/processing KPIs and related supporting information to the HOU
Support in being an SME for internal project work that impacts the underwriting team
Provide support in creating material for credit committee and other internal reporting structures
Provide support to QA and internal Audit for all audits and work closely with these teams to ensure favourable outcomes
Other duties / projects that may be requested by the HOU from time to time

About you

Positive resilient confident and committed leader with the ability to engage and form strong relationships with both team members and key stakeholders
Capable and experienced in dealing with a high volume workflow and prioritising accordingly for self and others
Able to make quality lending judgments and present reasoned arguments to senior management when necessary
Mortgage regulation and specifically MCOB/MCD
Articulate with excellent written and verbal communication skills
Understanding of Treating Customers Fairly (TCF) and Conduct Risk and ensuring both principles are key cultural aspects of how the job holder works
Solid residential mortgage underwriting experience (in a specialist lender)
Proven line management experience
Previous mandate min 750000 (nonscoring centric)

Benefits & perks

• Competitive salary company bonus scheme
• Hybrid & flexible working policy
• 25 days holiday (increasing with the length of service)
• Private healthcare
• Enhanced parental leave
• Matched pension contributions up to 4%
• Critical illness cover
• Employee Assistance Programme & Mental Health support
• Life assurance
• Regular performance reviews to promote a culture of growth and development
• Leadership training for managers
• Give as you earn scheme for charitable donations
• Support for attending conferences and professional learning & development
• Discounts via Perkbox
• Cycle to work scheme
• Season ticket loan
• Electric car loan scheme
• Monthly socials & annual offsite
  
  Diversity Inclusion & Belonging at LendInvest
  
  At LI we believe in bringing your whole selves to work we are committed to a culture of belonging where individuals can form a genuine community. We are proud to be an equal opportunities employer and are committed to building a team that represents a variety of backgrounds perspectives and skills.