Development Finance Underwriter

Our Lending client is keen to appoint an experienced Development Underwriter to the team.

The Development Underwriter is responsible for processing refurbishment and development finance applications after terms issued.

The Underwriter must work together with the other members of the Underwriting team to ensure that loans are processed in accordance with the underwriting manual and lending policy.

The Underwriter must use skill and experience to approve those loans which are deemed acceptable and reject any which are unacceptable and represent a risk to the company.

The Development Underwriter will help to shape the process for managing development loans and will work closely with the Director of Bridging to build a development underwriting team.

Key Responsibilities:

�Manage a pipeline of development cases for initial completions and subsequent drawdowns and prioritise accordingly.

�Underwrite loan applications within company lending criteria by making quality lending decisions.

�Manage completed development loans and keep in regular contact with borrowers to identify issues at any early stage and seek out future business opportunities.

�Be vigilant when working on cases and refer where necessary to the appropriate person.

�Maintain a high level of communication at all times with interested parties including brokers, applicants, surveyors and solicitors.

�Maintain a high level of customer service with those internally and externally.

�Work closely with other departments within the company including sales, compliance, finance and collections.

�Think outside the box and be proactive when suggesting ways to overcome potential problems, whilst ensuring that there is no additional risk to the company.

�Maintain oversight of a loan post completion and follow up on any offer conditions prior to handing the loan to collections.

�Keep all records up to date.

The position is available immediately and would suit an experienced underwriter who is looking for a fresh challenge.