Job Description
About Molo
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Molo exists to revolutionise mortgages in the UK. We are the first true “fully digital” mortgage lender in the country.
At Molo we don’t want to just marginally improve the mortgage process: our target is to radically redesign the mortgage experience to be in keeping with the 21st century. We do this by fully leveraging the power of technology to “make mortgages easy” for customers.
We offer brokers and consumers instant mortgage loan approvals via an online 100% compliant undertaking that moves away from paper forms, manual review steps, and more traditional processes.
About the Role - London or Birmingham Based
As a Residential and 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:
● Use allocated lending mandate to assess and underwrite mortgage applications in accordance with current lending policy and within mandated limits;
● Operate as a team player within the business to ensure that all service standards and targets are consistently delivered;
● Adhere to TCF requirements and principles;
● Identify and report suspicions in line with Anti-Money Laundering legislation and procedures;
● 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;
● Ensure effective communication with internal stakeholders, external customers, and third parties;
● Support Underwriting Lead by demonstrating daily proactive planning, management of workloads, and recommendation of process improvement changes where appropriate;
● Supporting and guiding colleagues on all matters relating to the underwriting and completion of mortgages;
● Managing decisions on enquiries, new applications and responding within agreed time frames;
● Minimise and understand the risks associated with each application;
● Obtain all necessary documentation to accurately make a lending decision;
● Manage pipeline cases through to completion;
● Work with Legal, Credit Risk, Treasury and Finance teams to ensure all lending requirements are satisfied before the release of funds.
● Responsible for any reasonable additional tasks that are required to be undertaken on a day-to-day or ad hoc basis;
About You
As an Underwriter, you will be responsible for assessing and underwriting Residential & 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 residential and Buy-to-let applications with additional expertise to include portfolio’s, multi-unit freehold blocks, and large HMOs.
In addition, you will possess excellent literacy and numeracy skills as well as a strong working knowledge of Microsoft Office/Google Suite.
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
● Pension contribution (5%)
● 25 days holiday + National holidays
● Company offsites