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