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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
