- Legal Due Diligence of Properties : Conduct legal scrutiny of title documents, chain deeds, revenue records, encumbrance certificates, approvals, and other property related documents for LAP proposals.
- Title Verification & Legal Opinion : Review and validate legal opinions received from panel advocates and provide legal clearance for mortgage creation and loan disbursement.
- Mortgage Creation & Perfection : Ensure proper creation, registration, and perfection of equitable/registered mortgages and compliance with applicable property and registration laws.
- Management of Legal Vendor Network : Empanel, monitor, and manage panel advocates, legal vendors, and due diligence agencies, ensuring quality and timely delivery of legal reports.
- Exception Handling & Risk Assessment :Evaluate legal deviations, title deficiencies, and documentation gaps; recommend mitigants and approvals as per delegated authority matrix.
- Documentation & Contract Management : Review, draft, and standardize loan agreements, security documents, guarantee documents, indemnities, declarations, and other legal formats.
- Support to Credit & Business Teams : Provide legal guidance on lending transactions, property-related issues, collateral acceptability, and risk mitigation measures.
- Litigation & Recovery Management : Coordinate and manage legal cases, SARFAESI actions, arbitration proceedings, DRT matters, and other recovery-related legal actions.
- Regulatory & Legal Compliance : Ensure compliance with RBI guidelines, SARFAESI Act, Transfer of Property Act, Registration Act, Stamp Duty laws, and other applicable regulations.
- Fraud Prevention & Investigation Support : Support fraud risk assessment, forensic reviews, and investigations involving property, documentation, title, or borrower-related concerns.
- Policy, Process & Control Framework :Assist in developing and reviewing legal policies, SOPs, approval frameworks, and control mechanisms to strengthen legal risk management.
- MIS & Management Reporting : Prepare and present MIS on legal cases, title defects, vendor performance, legal exceptions, and key risk indicators for senior management review.
What you would possess already:
- LLB (Mandatory); LLM preferred.
- 5–10 years of experience in Legal functions within NBFCs, Banks, HFCs, or LAP businesses.Strong knowledge of property laws, mortgage lending, title due diligence, SARFAESI, DRT proceedings, and secured lending operations.