Development Underwriter

Title: Development Underwriter (Residential Projects)

Location: Hertfordshire / Hybrid
Salary: Competitive + Bonus + Benefits
Job Type: Full-Time | Permanent
Start Date: ASAP

Are you a detail-driven Development Underwriter with hands-on experience in non-commercial (residential) development finance? We’re looking for an underwriting professional who understands the risks and rewards of small to mid-sized residential property projects—and knows how to assess them with accuracy and confidence.

About the Role

As a Development Underwriter, you will evaluate and process loan applications for residential-only development projects—ranging from single-unit builds to multi-unit schemes. You'll work closely with brokers, surveyors, and internal teams to ensure each deal is structured responsibly and aligns with the lending criteria.

Key Responsibilities:

• Underwrite residential development finance applications from enquiry to completion
• Assess borrower experience, project viability, build costs, GDV, and exit strategies
• Review valuation reports, monitoring surveyor updates, and legal documentation
• Prepare detailed credit papers for internal approvals
• Work collaboratively with sales, risk, and operations teams
• Maintain relationships with brokers, developers, and professional advisers
• Keep up to date with market trends and regulatory changes affecting residential lending

What We're Looking For:

• Proven experience underwriting residential development loans (non-commercial)
• Strong understanding of residential construction processes and risk management
• Familiarity with development appraisals, cost plans, and project timelines
• Excellent financial analysis, communication, and report writing skills
• Ability to manage a fast-paced caseload with efficiency and attention to detail
• Commercial mindset with a solution-oriented approach
• Experience in specialist lending, bridging, or short-term finance is a bonus

What's On Offer:

• Competitive salary and performance-based bonus
• Hybrid/flexible working options (1 day per week from home)
• Career progression in a growing and ambitious business
• Friendly, high-performing team culture
• Support for professional development

Due to a very high number of applications we are unable to come back to every candidate with feedback. If you do not hear from us within 48 hours please assume that you have been unsuccessful on this occasion. Your CV will be registered with us and we will keep you updated with any other positions that may be of interest. However please keep checking our website as new roles will be updated daily, Nouvo Recruitment wishes you the best of luck in your job search.

Nouvo Recruitment Ltd operate as an independent recruitment agency with over 20 years of experience supporting clients and candidates nationally across the UK.