Objective (Purpose of the Job):
To establish, lead, and manage the legal underwriting and collateral documentation framework for the Loan Against Property (LAP) business. This role ensures high-quality legal diligence, enforceability of mortgage documentation, vendor performance, and compliance across statessupporting scalable and secure disbursement.
Key Responsibilities:
1. Legal Due Diligence & Documentation
- Create and update legal due diligence checklistscovering title verification, encumbrance status, mutation, registration, and local regulation compliance
- Review & approve title opinion reports, mortgage deeds, sanction letters, and ensure legal completeness before disbursal
2. Vendor Empanelment & Performance Management
- Empanel law firms, search agencies, and advocates nationally, establishing SLAs, quality KPIs, and regional benchmarks
- Conduct periodic vendor audits, performance reviews, and ensure TAT/compliance adherence.
3. Policy, SOPs & Regional Compliance
- Develop and institutionalize SOPs/legal policy manuals, with state-level adaptations for rural, semi-urban, and urban markets
- Stay updated on changes in property, mortgage, SARFAESI, IBC, and register necessary updates.
4. Recovery & Enforcement Support
- Support recovery actions, including SARFAESI applications, foreclosure, litigation, and arbitration
- Collaborate with operations and collections for legal escalations and secure enforcement remedies.
5. Advisory & Crossfunctional Collaboration
- Act as legal advisor to Credit, Ops, Collections, Risk, and Sales teamsoffering timely legal clarity and training
- Conduct frequent internal workshops on legal documentation practices and risk signals.
6. MIS, Reporting & Governance
- Build dashboards to track legal due diligence cases, vendor performance, TAT, title exceptions, and risks.
- Lead periodic legal audits, respond to findings, and report updates to National Credit Head and Audit/Risk committees.
Required Skills:
- Strong grasp of Indian property laws, SARFAESI, IBC, RERA, Land Registration, Stamp, and local municipal laws
- Experience in secured-lending documentation, title/legal due diligence, and recovery regulations.
- Drafting and reviewing mortgage deeds, loan agreements, SARFAESI notices, and title opinion letters
- Familiarity with LOS/DMS systems for legal documentation tracking.
- Vendor negotiation, vendor quality management, and SLA governance.
- Excellent stakeholder management and cross-functional collaboration.
- Strong communicator and trainer in legal documentation standards.
- LLB / LLM from recognized university; Advanced degrees a plus
- 78 years of legal experience in NBFC/Bank mortgage lending, including 2+ years in team management.
- Exposure with Rajasthan market specially in tier2/3 markets.
