Loan Administrator – Bridging & Development Finance – Manchester

Business Money Promotions Ltd; Manchester; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading property finance provider in Manchester is seeking a Loan Administrator to manage loan documentation and liaise with solicitors, borrowers, and the sales team. The ideal candidate possesses strong PC skills, excellent communication abilities, and a proactive approach. This position offers a market-leading salary and excellent benefits.

Benefits

Market-leading salary

Excellent benefits

Qualifications

• Strong PC skills including Excel, Word, and Outlook.
• Flexibility and integrity with excellent communication skills.
• Ability to work independently with minimal supervision.

Responsibilities

• Prepare loan documentation for new business and renewals.
• Liaise with panel solicitors and borrowers to expedite loan processes.
• Manage and maintain client files and records.

Skills

Strong PC skills

Excellent communication skills

Time management

Organisational skills

Tools

Excel

Word

Outlook

Job description

Loan Administrator – Bridging & Development Finance – Manchester

Our client, one of the UK's leading providers of property finance, requires a Loan Administrator to join their team in Central Manchester.

Key Responsibilities

• Preparing loan documentation – new business and renewals.
• Instructing and liaising with our panel solicitors to ensure we obtain perfected security documentation for secure lending purposes and to co-ordinate and expedite the legal process for the smooth completion of loan facilities.
• Liaising with Borrowers, Brokers and Sales Team to ensure all approved loans are progressing effectively to completion in a timely manner.
• Issuing retention documentation for development facilities and monitoring exposure levels.
• Liaising with other lenders – 2nd charge mortgage consents/redemption statements.
• Obtaining weekly updates from our panel solicitors on pending completions and updating the property team, plus updating the deals pending spreadsheet and wipeboard.
• Managing and maintaining client files & records.
• Liaising with Borrowers in relation to any overdue interest payments.
• Issuing discharge documentation upon redemption of loan facilities.
• Conducting searches – HM Land Registry, Credit Reference Agency (CRN) – Individual, Corporate and Bankruptcy, plus monitoring daily CRN updates on ‘watchout’.
• Post-completion of loans, managing diary to ensure obtaining title register from sols/HMLR with our charge registered.
• Occasionally preparing credit papers & application forms.
• Ensuring security and insurance register is up to date and managing diary to chase upon expiry for renewal.
• Liaising with insurers as and when necessary.
• Archiving – managing closed files, especially any security documentation which may relate to other exposures.
• Other admin/support/general office duties.

Key Requirements

• Strong PC skills, including Excel, Word, and Outlook.
• Tenacity, integrity, flexible, superb communication skills, able to work independently with minimum supervision, extremely organised and excellent time management.

The successful candidate will be rewarded with a market-leading salary + excellent benefits.

We are an equal opportunities employer and welcome applications from all qualified candidates.