Buy to Let Underwriting Manager

London, England, United Kingdom · Risk

Description

What we're about

LendInvest (www.lendinvest.com) is the UK’s leading online platform for property finance and investing. Since launching in 2008, LendInvest has lent over £1.5 billion ($1.9 billion) to help buy, build or renovate over 5,000 homes across the UK.

LendInvest uses technology to provide borrowers with short-term bridging finance, development finance and Buy-To-Let; and investors that include retail investors (in our London Stock Exchange listed bond), investors on our Online Investment Platform and some of the world’s largest financial institutions, with stable income secured against property.

LendInvest is still majority owned by the founders and staff of the business, but has also raised equity from the same investors that founded Skype, and early investors in financial technology businesses like Klarna, Stripe and SoFi.

This is a challenging and exciting leadership position whose key role is to manage the BTL underwriting team and support staff taking full responsibility for the processing, assessment and final approval of all unregulated Buy to Let applications. You’ll be have the opportunity to develop the team and recommend new processes and changes to Lending policy to both enhance risk management and offer a market leading service to clients.

You’ll get the opportunity to work closely with the BTL Team Lead and the Lending Operations Manager. You will need to ensure that the team’s SLA’s are consistently achieved / exceeded without compromising quality.

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

Also you will need to demonstrate a sound understanding of the FCA and its operating principles including TCF and conduct risk ensuring that the underwriting team maintain focus on positive outcomes for the customer.

The role reports primarily to the Head of Credit (HOC) with an additional line to the Lending Operations Manager

What’s the team like

What matters to us most is understanding and solving our customers' needs. So you can expect a fast pace and varied challenges tackled in a collaborative atmosphere. Our team thrives in a friendly, relaxed and open culture, which allows people to share ideas across the business.

What you’ll be doing

What we’d need you to have

What we’d like you to have

What you’ll get in return

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