Purpose of the role:
- A Loan Assessor is responsible for processing & assessment of loan applications from submission to solicitor instruction, liaising with external parties such as Brokers, Solicitors, Lenders and Mortgage Insurers during the process.
- A Loan Assessor must display a sound knowledge of the mortgage lending process as well as a high level of customer service and attention to detail.
- Previous experience in an assessment/ credit analysis/ lending role a must.
Loan Assessment
• The ability to make sound credit decisioning including analysis of ‘ability to repay’, credit history and employment verification
• Ensure that efficient & accurate data input and assessing of loan applications from submission to formal approval
• Ensure identification documents and supporting information meets regulatory guidelines
• Ensure that accurate calculations of Mortgage Insurance (LMI) premiums
• Ordering valuations, prompt follow -up of outstanding reports and challenging any concerns over market value analysis
• Accurate solicitor instructions and fees verification
• Ensure all loan submissions to our funder/ LMI providers exceed the accepted level of Quality Control compliance
• Prepare and issue accurate and professional communication of all types with customers, brokers and solicitors
• Ensure status updates and notes are accurately input and maintained via internal client management system
• Maintain a superior level of product, policy & process knowledge across all funders and Mortgage Insurers
• Ability to build and maintain effective relationships with external stakeholders such as funders, Brokers and LMI.
• Ensure that all Loan applications assessed in a timely manner
• Ensure that all funder and lenders mortgage insurer submissions completed fully & accurately
• The ability to have effective and ongoing communication with funders, lenders mortgage insurers and introducers
• Ensure that all compliance with all funders’ policy requirements are met
• From time to time the Loan Assessor will be required to perform other duties as directed by the Bluebay Management Team
• The Loan Assessor will be required to cover other team members’ work in times of leave or as workloads dictate