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- Tasks: Manage mortgage documentation and collaborate with various stakeholders to ensure smooth lending processes.
- Company: Prestigious banking brand with a strong presence in the UK for nearly 50 years.
- Benefits: Competitive salary, professional development, and a dynamic work environment in the City of London.
- Why this job: Join a leading bank and play a key role in real estate lending while developing your career.
- Qualifications: Experience in credit or mortgage administration and strong communication skills.
- Other info: Onsite role with excellent opportunities for growth and involvement in innovative projects.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a prestigious banking brand who has been situated in the UK for nearly 50 years, is seeking a new Credit Administration / Mortgage Administration individual. This excellent commercial banking brand has strong business lines into residential mortgages, BTL and commercial real estate lending. The bank is located in the City of London and would ideally see you onsite 5 days per week.
The role entails producing exemplary documentation based on in-house templates, collaborating with internal and external stakeholders/counterparties (Business, Credit, Remedial, Monitoring, Operations, Treasury, panel solicitors and valuers) as needed to ensure each stage is timely managed for a range of lending products which is chiefly made up of real estate loans but also includes a small amount of SME working capital and trade finance facilities.
- Pre-disbursement: Prepare in house term sheet, facility letter, addendum, etridge, borrower consent, lien on deposit authorisation in a timely manner following credit approval. Solicit fee quotes from valuers and solicitors on panel. Pro-actively follow up with business the return of signed term sheet, facility letter, addendum etc and the required commitment fee. Coordinate and instruct the appointment of solicitors and valuers as chosen by client. Review valuation report. Follow up with solicitors until the legal conveyancing is completed and required documentation are executed in order as per bank’s prevailing requirement. Ensuring all Condition Presidents are satisfied. Oversee queries raised by panel solicitors and valuers, resolving issues and/or referring them to the Head of Credit Administration or, where relevant, the Head of Credit Approval, Head of Credit in accordance with delegated authorities. Keep Business updated on the progress.
- Disbursement: Review and assess Report on title and valuation report, identifying key risks, recommending possible mitigants. Carry out the disbursement processes and booking of loan limit and collateral in system. Liaison with solicitors, valuers, Business, Operations, Credit Approval, Monitoring and Remedial as appropriate.
- Post completion: Follow up with bank solicitors for full set of dated and signed pdf copies of credit documents. Follow up with bank solicitors for perfection of bank’s executed charge documents and thereafter the return of full set of signed and dated original. Follow up on any condition subsequent. Maintain proper filing system.
- Others: Timely maintenance of all data base used by the team. Update of data associated with business pipeline, limits and collateral (e.g. limit, review date, insurance, valuation, tenancy, solicitors and valuers etc). Deliver on service level agreements (SLAs) where applicable. Follow up on revaluation – Instructing Bank’s valuers to conduct valuation reviews on properties that are to be revalued and reviewing all reports and raising issues with relevant RM’s and Credit approval unit. Participate in any project involving credit administration and its improvement. Contribute to UAT and any other adhoc assignments.
Credit Administration Officer - Mortgages in London employer: MARKET TALENT
Contact Detail:
MARKET TALENT Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Administration Officer - Mortgages in London
✨Tip Number 1
Network like a pro! Reach out to people in the banking and mortgage sectors, especially those who work at the company you're eyeing. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of credit administration and mortgages. We recommend practising common interview questions and even role-playing with a friend to boost your confidence.
✨Tip Number 3
Showcase your skills during the interview! Bring examples of how you've successfully managed documentation or collaborated with stakeholders in the past. This will demonstrate your ability to handle the responsibilities of the role.
✨Tip Number 4
Don't forget to follow up after your interview! A quick thank-you email can leave a lasting impression and show your enthusiasm for the position. Plus, it keeps you on their radar as they make their decision.
We think you need these skills to ace Credit Administration Officer - Mortgages in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Credit Administration Officer role. Highlight relevant experience in mortgage administration and any specific skills that match the job description, like documentation preparation and stakeholder collaboration.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Use it to showcase your understanding of the mortgage process and how your previous experiences align with the responsibilities outlined in the job description.
Showcase Your Attention to Detail: Since the role involves producing exemplary documentation, make sure to demonstrate your attention to detail in your application. Double-check for typos and ensure your formatting is consistent – we love a polished application!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at MARKET TALENT
✨Know Your Stuff
Make sure you understand the ins and outs of credit administration and mortgages. Brush up on key terms like term sheets, facility letters, and the disbursement process. Being able to speak confidently about these topics will show that you're serious about the role.
✨Showcase Your Collaboration Skills
This role involves working with various stakeholders, so be ready to discuss your experience in collaborating with different teams. Prepare examples of how you've effectively communicated and resolved issues with solicitors, valuers, or other departments in previous roles.
✨Be Detail-Oriented
Since the job requires producing exemplary documentation, highlight your attention to detail. Bring up specific instances where your meticulous nature helped avoid errors or improved processes. This will demonstrate that you can handle the precision needed in this role.
✨Prepare Questions
Interviews are a two-way street, so think of insightful questions to ask about the bank's operations, team dynamics, or future projects. This shows your genuine interest in the position and helps you assess if it's the right fit for you.
