Residential Real Estate Mortgage Underwriter

Unlocking Opportunities in Residential Real Estate Mortgage Underwriting at Citi Wealth

This role presents a compelling opportunity for seasoned professionals looking to make a significant impact within the dynamic world of wealth management and residential real estate finance. As a Residential Real Estate Mortgage Underwriter at Citi Wealth, you will be at the forefront of facilitating complex financial transactions, serving as a critical link between clients, bankers, and the successful closing of mortgage loans.

What Awaits You: Key Advantages for Your Career Path

• Strategic Influence: You will be a primary point of contact throughout the mortgage lifecycle, from initial inquiry to closing. This position demands proactive communication and collaboration with Bankers/Lending Advisors, offering you a platform to influence client outcomes and contribute directly to the firm's success.
• Risk and Reward Expertise: This is a demanding yet rewarding role where your individual judgment will be paramount in assessing the risk-reward dynamics of credit extensions. You will hone your ability to balance marketing objectives with robust risk management practices, developing a nuanced understanding of financial risk.
• Client-Centric Collaboration: Working closely with Bankers/Lending Advisors and clients to meet both marketing and risk management goals means you'll be an integral part of a client-focused environment. Your ability to explain complex financial structures will be key.
• Pipeline Management & Communication: You will be responsible for the preparation, maintenance, and communication of your pipeline, ensuring transparency and efficiency. This includes being the primary contact for obtaining credit documents and clearing underwriting conditions, sharpening your organizational and communication skills.
• Valuable Insights & Feedback: Providing regular input to Bankers, Associate Bankers, and management on MIS, competitive feedback, key client status, and promotional opportunities positions you as a strategic advisor, enhancing your business acumen.
• Comprehensive Deal Involvement: From application to underwriting submission, you'll own all activities. Your role extends to assisting with portfolio management audits, reviews, and performance reporting, as well as contributing to residential real estate projects and technical developments, offering exposure to diverse aspects of the business.
• Leadership & Orchestration: This position requires you to independently exert leadership and effectively orchestrate your assigned portion of the mortgage process. You'll function as a key member of a deal team, demonstrating strong initiative and problem-solving capabilities.
• Deep Dive into Financials: You will gain extensive experience in understanding and interpreting complex financials for credit assessment and in comprehending complex mortgage structuring, significantly advancing your analytical and financial modeling skills.
• Regulatory Acumen: With a strong emphasis on understanding all aspects of loan programs, internal and external guidelines, and regulations, you will develop a robust knowledge base in mortgage compliance.
• Ethical Foundation: A core aspect of this role is the commitment to assessing risk appropriately while safeguarding Citigroup, its clients, and assets. You will drive compliance with laws, rules, and regulations, adhere to policy, and apply sound ethical judgment in all your dealings.

Key Considerations for Prospective Candidates:

• Educational & Professional Foundations: A Bachelor's/University degree or equivalent experience is required. Crucially, being CeMAP qualified (or holding an equivalent qualification) is essential.
• Regulatory Expertise: Strong mortgage regulatory knowledge and proven experience within the UK market, with EU experience being a distinct advantage, are critical.
• Analytical & Execution Prowess: Demonstrable strong and proven analytical, financial structuring, and execution skills are non-negotiable. Experience with regulatory internal and external audits will be highly beneficial.
• Communication & Interpersonal Skills: Excellent verbal and written communication skills are paramount, including the ability to clearly explain intricate financial structures to diverse audiences.
• Performance Under Pressure: The ability to work under pressure and effectively multi-task to meet tight deadlines is vital in this fast-paced environment.
• Proactive & Independent Mindset: Strong initiative, an interactive approach to problem-solving, and the flexibility and independence to thrive in a demanding setting are key attributes.
• Team Collaboration: While independence is valued, being a strong team player is equally important for success.
• Certified Role Awareness: Please be aware that this is a Certified Role, subject to the UK's Certification Regime. This means you will be assessed for fitness and propriety, which involves a comprehensive background check process including interviews, self-disclosures, criminal record checks, reference checks, and credit checks. Annual fitness and propriety declarations will also be required.

This role is ideal for individuals who are driven by complex financial challenges, possess a sharp analytical mind, and are committed to upholding the highest standards of integrity and compliance. If you are looking to advance your career in a prestigious financial institution and contribute to sophisticated wealth management solutions, this opportunity at Citi Wealth warrants your serious consideration.