Loan Manager
Bridging and Buy to Let Finance
London
We are pleased to be working with an award winning lender, on their search for a Loan Manager to join the growing team.
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