Abound - Senior Second Charge Mortgage Underwriter
Requirements
• Minimum of 5 years' experience in second charge mortgages, this must be England-based; prior experience in a senior, lead, or team management capacity is highly desirable. • You'll be comfortable working to targets, driving month-on-month growth as the book expands. • Expert-level 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, with the credibility to interpret and apply these commercially. • Proven track record in manual underwriting of complex, high-value, and non-standard cases, with the judgement to make balanced decisions beyond a tick-box approach. • Demonstrated experience shaping or influencing underwriting policy, and a strong understanding of how policy translates into practical, day-to-day decision-making. • Experience contributing to the build-out or scaling of an underwriting function, process, or team — comfortable operating with a degree of ambiguity in a growing business. • Ability to manage competing priorities effectively and perform well under pressure in a fast-evolving environment. • Relevant industry qualifications (e.g., CeMAP, CeRER, DipFA or equivalent) are highly desirable. • We prioritise sound credit decisions and continuous learning from outcomes. • We take ownership of our work and support one another to achieve shared goals.
Responsibilities
• Assess standard and complex second charge mortgage applications using Open Banking data, credit reference agency information, and supporting documentation to evaluate creditworthiness and risk. • Be a go to expert to make final decisions. Make informed, independent underwriting decisions in line with internal policies and UK regulatory requirements. • Contribute to the development and continuous improvement of underwriting policies, processes and procedures. • Review escalated cases, provide guidance, and ensure consistent application of credit rules across the team. • Conduct thorough fraud prevention and AML checks in line with internal controls and FCA requirements. • Liaise with customers, brokers, solicitors and internal stakeholders to obtain, verify and explain information where required. • Manage and progress your own underwriting pipeline efficiently while maintaining high service and quality standards. • Mentor and support junior team members, sharing knowledge and best practice. • Support a culture of responsible lending and strong risk awareness. • Continue developing your underwriting knowledge and wider lending expertise. • We encourage open discussion, constructive challenge, and accountability. • Strong performance and positive contribution are recognised and rewarded.
Benefits
• Everyone owns a piece of the company - equity • Hybrid with 3 days a week in the office • 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 through WellHub • Team wellness budget to be active together - set up a yoga class, a tennis lesson or go bouldering
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