Second Charge Mortgage Underwriter

The role

This person will assess and underwrite second charge mortgage applications using Open banking, affordability, credit history, and security property details. They will liaise with brokers and work cross-functionally with Risk, Compliance, and Operations.

What you will do

• Assess and underwrite second charge mortgage applications
• Liaise directly with brokers and request further information
• Keep cases progressing to completion within SLA
• Ensure every decision is fully documented and auditable
• Provide clear, constructive feedback to brokers and internal sales teams
• Contribute to the continuous improvement of underwriting policy, criteria, and process
• Work cross-functionally with Risk, Compliance, and Operations

Required qualifications

• Minimum of 2 years' experience in second charge mortgages
• Comfortable working to targets
• Good understanding of property as security including valuation approaches, equity position, LTV and combined LTV calculations, existing charge structures, and title issues
• Strong working knowledge of FCA regulation, UK responsible lending rules, affordability assessment, MCOB requirements, fraud prevention, and AML regulations
• Proven track record in manual underwriting of complex, high-value, and non-standard cases

Nice to have

• Relevant industry qualifications (e.g., CeMAP, CeRER, DipFA or equivalent)

Benefits

• Equity
• 25 days holiday a year, plus 8 bank holidays
• 2 paid volunteering days per year
• One month paid sabbatical after 4 years
• Employee loan
• Free gym membership
• Team wellness budget

About the company

Abound is redefining consumer lending in the UK using advanced AI and Open Banking data. They have issued over £1.3bn in loans and are backed by investors including Citi, GSR Ventures, and Deutsche Bank.