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 fit 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 compliant during the loan’s life cycle
• Ensure the full collections, redemptions and default loans policy is met on all loans as per the policies
• Ownership of redemption, bridge loans, starting three months before loan completion