Job Description
- Working as part of the Central Credit Appraisal Team, a special unit for legal and valuation review is being created. The individual is expected to lead this unit and oversee a small team specifically these two aspects of credit underwriting.
- Review of Valuation /Legal Reports received from vendors as per bank norms.
- Must have proficiency in scrutinizing, inspecting and guiding in legal matters relating to mortgages.
- Management of the mortgage ability of land/property in question by Vetting of Title Chain and related documents.
- Must be able to review legal ownership and related search receipts.
- Identify and mitigate potential legal Risk associated with freehold /leasehold/ agricultural properties.
- Follow up with advocates for early action/disposal of cases pending.
- Analysis of Sanction plans/construction and renovation estimates
- Command over circles rates of area and market values of the assets.
- Visit the collateral offered whenever required on special instructions of management.
- Maintain Timelines for the legal/ technical evaluation process.
- Provide verbal and written training to employees / new joiners on the subject of valuation and legal review of mortgages
Skillset - Work Experience Requirements:
- Must have 15+ years of experience in legal, valuation and audit-related matters in secured lending /Mortgages.
- Ideally a retired banker with a willingness to impart their experience and knowledge
- Be a good team player and self-motivated with a strong analytical mindset
- Must be able to manage a team and coach them
- Strong MS Excel and Word Skills
- High attention to detail and strong communication skills (written and verbal)
- Must be able to read and write in Hindi as well (to vet the title deeds)
[HM1]Separate this under two headings – legal and valuation