Job
Description
JOB DESCRIPTION Department: Legal Officer - Mortgage Loans Location: Gurgaon Reporting To: Business Head Experience Required: 28 years (mortgage/legal domain) Type: Full-time Job Purpose: The Legal Officer for Mortgage Loans will support the legal team in ensuring the legal soundness and compliance of all mortgage lending transactions. This role focuses on assisting with property title due diligence, documentation, and providing foundational legal support, with a strong emphasis on learning and developing expertise in mortgagespecific legal frameworks. Key Responsibilities: 1. Legal Document Review & Support: • Assist in the preliminary review of property-related documents such as Sale Deeds, Title Deeds, Mutation Records, Property Tax Receipts, and other documents required for mortgage loan applications. • Help in cross-referencing information within property documents to ensure consistency and identify basic discrepancies. • Support the legal team in organizing and maintaining legal files and records related to mortgage properties. • Assist in preparing basic legal correspondence and internal communications related to mortgage cases. 2. Due Diligence Assistance: • Learn and understand the process of conducting legal due diligence on property titles, including identifying potential encumbrances, litigations, or other risks. • Coordinate with internal teams (e.g., Credit, Operations) and external counsels/vendors to collect necessary documents and information for legal scrutiny. • Support the preparation of Legal Scrutiny Reports (LSRs) and Title Investigation Reports (TIRs) by compiling relevant data and basic findings under supervision. 3. Documentation Assistance: • Assist in drafting and vetting standard mortgage loan agreements, security documents (e.g., Mortgage Deeds), and other ancillary documents under the guidance of senior legal officers. • Ensure all legal documentation is complete, accurate, and aligns with approved formats and checklists. • Learn about the process of stamp duty calculation, document registration, and other procedural aspects of creating and perfecting mortgages. 4. Research & Compliance Support: • Conduct legal research on specific aspects of property law, banking regulations (RBI/NHB guidelines), and other relevant statutes impacting mortgage lending. • Stay updated on changes in laws and regulations relevant to mortgage operations in India. • Assist in ensuring that basic legal processes and documentation adhere to internal policies and regulatory requirements. 5. Ad-hoc Legal Support: • Provide general legal administrative support to the legal department as required. • Participate in training sessions and workshops to enhance knowledge of mortgage lending laws and practices. Qualifications: • Bachelor of Laws (LLB) from a recognized university is mandatory. • 1-3 years of post-qualification experience. Internships or practical exposure in real estate law, banking, or a corporate legal department will be highly regarded. • Strong academic record. • Foundational understanding of property laws, contract law, and banking regulations in India. • Excellent research and analytical skills. • Meticulous attention to detail and a strong commitment to accuracy. • Good written and verbal communication skills. • Eagerness to learn and develop expertise in mortgage legal matters. • Ability to work effectively in a team environment. • Proficiency in MS Office Suite. Role & responsibilities Preferred candidate profile
