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- Tasks: Manage a diverse portfolio of bridging loans and ensure compliance throughout the loan lifecycle.
- Company: Join a rapidly growing team in the finance sector with a focus on bridging loans.
- Benefits: Enjoy a contributory pension, private healthcare, life assurance, and more perks.
- Why this job: Accelerate your career while making a real impact in loan servicing.
- Qualifications: Experience in bridging loans or development finance is essential.
- Other info: Dynamic environment with superb development opportunities and social events.
The predicted salary is between 36000 - 60000 £ per year.
Location: Hertfordshire
Salary: Negotiable based on experience
Hours: Monday to Friday 9 am to 5.30 pm
Benefits:
- Contributory Pension scheme
- Private Medical Healthcare
- Life Assurance
- Dental Plan
- Free eye tests
- Annual leave purchase scheme
- Social events
- Refreshments
- 20 days annual leave with bank and public holidays on top
- Perk box
- Superb development opportunities
We are partnering with our client to recruit an ambitious and motivated Loan Servicing Specialist to join an established yet rapidly growing team. This is a unique opportunity to develop your expertise in bridging loans and take ownership of a diverse portfolio, including both performing and non-performing loans. We welcome candidates at all levels with experience in servicing bridging loans or from the development finance sector, including team leaders and managers. This role is ideal for anyone looking to accelerate their career, gain exposure to complex loan servicing, and collaborate closely with senior management to make a tangible impact. You will also have the chance to broaden your knowledge of loan management and contribute to the growth of a dynamic team.
Responsibilities:
- Communication with customers on all loans to ensure redemption is on track or alternative support/solutions are required.
- Ensure the full collections, redemptions and default loans policy is met on all loans.
- Ownership of redemption, bridge loans, commencing three months before loan completion or where indicated.
- Liaise with clients and solicitors for the redemption of upcoming loans.
- Prepare & review all redemption statements.
- Ownership of all default cases, whether through receivership or the legal possession process and communicate with all parties involved.
- Explore all options of forbearance in line with customers' circumstances.
- Ensure loans are fully compliant with regulations and processes during the loan's life cycle.
- Engage and manage all loan extension requests promptly.
- Manage complex litigation cases which cannot follow the standard litigation process, including defended possession claims, allegations of fraud, title problems and lease forfeiture.
- Assist with monthly reporting.
- Assisting with internal or external audit or review.
- Forge positive relations with internal and external teams.
Experience and skills required:
- Experience in Bridging Loan servicing or development finance exits is essential.
- Background knowledge of regulatory and non-regulatory mortgage recovery processes.
For more information regarding the role, please get in touch with us.
Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days.
Loan Servicing Specialist employer: Stellar Select
Contact Detail:
Stellar Select Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Servicing Specialist
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their loan servicing processes. Show them you’re not just another candidate; you’re genuinely interested in how they operate and how you can contribute.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to bridging loans and customer communication. The more comfortable you are, the better you’ll come across during the interview.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Loan Servicing Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Loan Servicing Specialist role. Highlight any relevant experience in bridging loans or development finance, and don’t forget to showcase your communication skills and ability to manage complex cases.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role and how your background makes you a perfect fit. Be sure to mention specific experiences that relate to the responsibilities listed in the job description.
Showcase Your Problem-Solving Skills: In your application, emphasise your problem-solving abilities, especially in managing default cases or complex litigation. We want to see how you’ve tackled challenges in the past and what solutions you’ve implemented.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates regarding your application status.
How to prepare for a job interview at Stellar Select
✨Know Your Stuff
Make sure you brush up on your knowledge of bridging loans and the development finance sector. Familiarise yourself with key terms and processes, as well as any recent changes in regulations. This will show that you're serious about the role and ready to hit the ground running.
✨Showcase Your Experience
Prepare specific examples from your past roles that highlight your experience in loan servicing or related fields. Think about challenges you've faced, how you handled them, and the outcomes. This will help demonstrate your problem-solving skills and ability to manage complex cases.
✨Ask Smart Questions
Come prepared with insightful questions about the company’s approach to loan servicing and their team dynamics. This not only shows your interest in the role but also helps you gauge if the company culture aligns with your values and career goals.
✨Be Personable
Building relationships is key in this role, so let your personality shine through during the interview. Be friendly, approachable, and confident. Remember, they’re looking for someone who can forge positive relations with clients and colleagues alike!