About This Role
Evaluating mortgage loan applications to determine risk and eligibility is the core of this role, ensuring compliance with all relevant lending guidelines and regulations. Your expertise will be vital in safeguarding the company's assets while facilitating home ownership for clients. This position requires your presence in the Mossel Bay office to effectively manage caseloads and collaborate with the team.
Responsibilities
- Review and analyze loan applications, including credit reports, income documentation, and property appraisals
- Assess the risk associated with each loan application, determining approval, denial, or conditions for approval
- Ensure all underwriting decisions comply with company policies, investor guidelines, and regulatory requirements (e.g., NCA, FNB regulations)
- Communicate effectively with loan officers, brokers, and applicants to gather necessary documentation and clarify requirements
- Maintain accurate and up-to-date records of underwriting decisions and loan file documentation
- Stay informed about changes in mortgage lending regulations and industry best practices
Requirements
- Proven experience as a Mortgage Underwriter or in a similar lending role
- Strong understanding of mortgage lending principles, credit evaluation, and risk assessment
- Knowledge of relevant legislation and compliance standards in the South African mortgage market
- Excellent analytical skills with a keen eye for detail
- Proficiency in loan origination software and standard office applications
- Strong communication and decision-making abilities
Benefits
- Opportunity to work within a stable and growing financial institution
- Comprehensive medical aid and retirement fund benefits
- Paid time off and other statutory benefits
- Professional training and development opportunities within the mortgage sector
- A supportive team environment in a beautiful coastal location