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
A co-operative bank, which started small in the district Saharanpur, has now emerged to become the first and largest multi-state Urban Co-operative Bank in Uttar Pradesh. Shivalik Bank is not just focused on being completely technology-driven but has dedicated itself to become an approachable solution to all the banking needs of the modern Indian user.