Loan Advisor

Job Title: Loan Advisor

Location: Watford

Salary: Up to £35,000 + Commission

Hours: Monday to Friday 9 am to 5:30 pm

Benefits:

• Private Medical Healthcare through Vitality
• Dental Scheme
• Additional half-day annual leave on your Birthday
• Annual leave purchase scheme
• Pension Scheme
• Perk box
• Free eye tests
• Christmas and Summer Social Events
• Top Performers Dinner each quarter
• Fresh fruit in the office

About the Role:

The role will focus on taking new enquiries from a variety of sources to identify their requirements and place them with the correct lender. You will underwrite new applications and package them with care, skill, and diligence to present a perfectly packaged case to a lending partner. You will consistently process pipeline business, ensuring an efficient and satisfactory outcome for the borrower. You will be required to maintain existing broker and customer relationships generating leads from these contacts. You will deal with both intermediaries and directly with clients offering expert advice on specialised property finance.

Responsibilities:

New Enquiries

• Ensure all details are fully completed on CRM immediately once a new enquiry is received
• Carry out fact-finding exercises with direct customers where the loan is for a regulated mortgage contract, and we will be providing advice if qualified
• Complete sourcing for all new enquiries
• Initial enquiries follow up with a call to broker/client
• Check over terms completed by admin and send out with necessary compliance documentation to client/broker, Where the loan is regulated, a recommendation calls to be carried out

System

• Keeping notes up to date on all cases
• Ensure that folders are kept tidy, both on paper and on the system
• Introducer due diligence
• Advising compliance of any new brokers so they can request documents

Documentation

• Review AIPs and Offers received - checking all financial details and requirements
• Reviewing documents received and application packs
• Reviewing valuations when received and submitted to the lender

Updates

• Check case and completion updates for correct content and send to the client/broker
• Manage updates from all parties and inform those who require them

Other

• Keeping lender criteria spreadsheet/lender product guides/forms up to date in files
• Ensuring introducers relationships are maintained and establishing new relationships
• Maintaining a high level of service for all introducers & their clients
• Offering the best advice to all clients for their borrowing needs
• Maintaining compliant files
• Answering calls and taking new enquiries from brokers adhering to the Company's SLAs
• Reviewing new applications and forming a fully packaged file through liaising with both introducers and clients
• Processing pipeline business
• Maintaining back-office system and ensuring this is used correctly in line with Company processes
• Liaising with solicitors, lenders, and brokers on completions
• To ensure CPD is maintained to an appropriate level

Experience required:

• Upbeat telephone manner
• Understanding the source of an introduction and when certain types of business (i.e. direct regulated clients) should be passed to appropriate members of staff
• Understanding which regulation applies to which type of application and ensuring the advising broker has the necessary permissions to introduce a business of this type
• Lender and product knowledge
• General office skill set
• Ability to manage own diary, manage deadlines and meet targets set
• GCSE Maths and English essential
• CeMAP is required for handling regulated mortgage contracts; but is not essential if focus on unregulated products and you have 2 years minimum industry experience
• Experience gained in a similar position
• Experience in 2nd charge mortgages is essential

Trusting Stellar Select:

At Stellar Select, our commitment goes beyond recruitment; it's about crafting experiences that elevate your career journey. We take pride in delivering excellent services to our candidates and always going the extra mile to ensure your success.

Our foundation is built on openness and transparency. We believe in clear communication with everyone we work with, fostering an environment of trust, honesty and fairness.

Embark on your career journey with confidence, knowing that our services are designed with your success in mind. Here's what our complimentary service includes:

• Expert Consultants: We are your allies, dedicated to understanding your goals and guiding you toward success.

• 1-2-1 Experience Discussion: Your experiences matter. Engage in personalised discussions about your journey and how it aligns with the job role.

• Interview Preparation: Step into interviews with confidence. We provide thorough preparation to ensure you shine in every interaction.

• Negotiation of Job Offers: We'll manage the negotiations on your behalf, aiming for offers that align with your expectations.

• Recruitment Process Updates: No more uncertainty. We keep you in the loop with regular updates on your recruitment process.

• Matching to Other Roles: Your journey doesn't end with one opportunity. We explore matches to other roles based on your experience and interests.

For more information regarding the role of Mortgage and Loan Advisor please contact us

Stellar Select is acting as an employment agency and is a corporate member of the REC