Welcome to Golden Egg Recruiting & Training |  Call us on 0161 974 7080

 

Welcome to Golden Egg Recruiting & Training |  Call us on 0161 974 7080

 

Mortgage Consultant / Advisor-Manchester-£40,000 - £50,000 | Golden Egg Recruiting

Mortgage Consultant / Advisor-Manchester-£40,000 - £50,000 | Golden Egg Recruiting

 

Our clients are the UK’s leading banking litigation experts. Since 2011, we have been instructed by both claimant and defendant law firms engaged in all manner of financial based claims. Typically, these include:

  • Mortgage professional negligence
  • Negligent underwriting (MCOB 11)
  • Secret commission/breach of fiduciary duty
  • Unfair relationship (s.140 CCA)
  • CCA claims
  • Negligent investment advice (including SIPPs)

In addition to training, project management and retained consultancy services, They receive more than 500 instructions per month to provide opinion in respect of liability, merit and quantum across our product range. These reports include preliminary/interim reports and formal part 35 evidence. Our transactional based lending reporting covers:

  • Second charge lending
  • Regulated mortgage contracts
  • Bridging finance
  • Commercial Finance
  • Regulated second charge lending
  • Regulated/unregulated mortgage or secured loan advice

 

THE OPPORTUNITY

Across our lending based verticals, we are currently seeking to hire experienced mortgage/secured loan professionals to produce high quality reports to provide opinion on merit, liability and quantum. Successful candidates will be provided with a comprehensive training programme which covers part 35 compliance, forensic review skills and use of our audit technology which includes a database of mortgage and loan products available between 2000-2012.

This is an exciting opportunity which will allow experienced mortgage professionals to utilise their core skills in a lateral based discipline. Typically, each report will cover the following key issues:

  • Was the advice provided to the potential borrower suitable in consideration of their needs and circumstances?
  • Does the advice meet the relevant regulatory touchstone (MCOB/OFT/FISA/CCTA/FLA)
  • What level of service did the broker provide?
  • Based upon the borrowers’ circumstances, did they qualify for a preferential/cheaper product
  • Was the broker remunerated by the lender and if so, was disclosure provided in accordance with the OFT’s guidance and/or directions to be found in various Court of Appeal authorities?
  • Did the nature or extent of this remuneration impact the broker’s advice to the borrower and if so why?
  • Was the underwriting decision to lend a responsible one in all circumstances?
  • Did the underwriting decision meet the relevant regulatory touchstone (MCOB/OFT)?
  • What form of affordability model was deployed and was this appropriate in the circumstances?
  • Were the lender’s arrears management policies and forbearance techniques in accordance with all the relevant regulatory touchstones?
  • Were ancillary charges added by the lender fair in all circumstances?
  • What is the value of the borrowers’ losses?

WHO ARE WE LOOKING FOR

  • Regulated mortgage underwriters
  • Second charge lending underwriters
  • Banking professionals
  • Mortgage compliance consultants
  • Regulated mortgage advisers
  • Second charge brokers (ideally pre-financial crisis experience)

The majority of our instructions are focussed on mortgages or secured loans entered into before 2009. Therefore, experience gleaned before this date would be highly beneficial.

The role would suit a candidate who left the industry after the financial crisis but would like to utilise the skills they gained in an alternative, creative and challenging way. Equally, it will suit a current mortgage professional seeking a change of role.

We are looking for candidates who can hit the ground running with their extensive experience. Further, we are seeking an individual who can assist us in growing and managing the expert consultant team.

Please note: Legal Hub are bound by part 35 of the Civil Procedure Rules. Our opinion on any matter is independent, impartial and ultimately to assist the Court in disposing of proceedings. We have and can be instructed by both potential claimants as well as professional advisers or lenders.

BENEFIT

We offer a competitive base salary up to £50,000 per annum. A bonus scheme will also be provided based upon volume and quality assurance.

Job Type: Full-time

Salary: £30,000.00 to £50,000.00 /year

 

For more details or to apply please email [email protected] or call Kate on 0161 974 7080

 

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