Loan Manager

a
Loan Manager

London

Post Date, 19/11/2024

Salary: 50000-55000 per annum

Permanent

Loan Manager

Bridging and Buy to Let Finance

London

£55,000 pa

Overview of the role:

  • Ensure all files are compliant and are satisfied with the file on receipt of COT
  • Ensure all reports are kept up to date and any outstanding actions are completed
  • Manage and control the redemption process including default clients
  • Support on maintaining internal investors
  • Deliver completion statements and fund agreements

Key responsibilities:

  • Audit new loan files
  • Check and approve legal documents sent from solicitors
  • Check land registry titles provided for prior restrictions and charges
  • Ensure Loans are Eligible and fits eligibility criteria
  • Using compliance checking tools such as Experian, GBG, SmartSearch and Lexus Diligence for KYC processes to ensure MFS customer is suitable to be given a loan
  • Managing cases after they have been passed from underwriting and ensure that we have all required documentation prior to funds being released
  • Discussing cases and Audit reports with Underwriters to ensure they are aware of the points reported on the Audit and satisfied prior to loan completion
  • Internal compliance list.
  • Complete deal sheet.
  • Check and prepare COT
  • Advise Solicitors of monies transferred for drawdown.
  • Ensure loans are fully complaint during the loan’s life cycle
  • Ensure the full collections, redemptions and default loans policy is meet on all loans as per the policies’
  • Ownership of redemption, bridge loans, starting three months before loan completion

Job Responsibility
Contract Details
  • Contract Type: Permanent
  • Salary Type: per annum
  • Total Applications: 10
  • Last Date: 07/01/2025
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