Job Description
Job Title: Loan Servicing Specialist - Bridging
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
About the position of Loan Servicing Specialist - Bridging:
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 for the role of Loan Servicing Specialist - Bridging:
- 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. These include, but are not limited to: 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 for the role of Loan Servicing Specialist - Bridging:
- 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 of Loan Servicing Specialist - Bridging, please get in touch with us.
Stellar Select is acting as an employment agency and is a corporate member of the REC.
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.
