Manager Legal - LAP (Loan Against Properties)

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 states—supporting scalable and secure disbursement.

KEY RESPONSIBILITIES:

1. Legal Due Diligence & Documentation

• Create and update legal due diligence checklists—covering 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 & Cross‑functional Collaboration

• Act as legal advisor to Credit, Ops, Collections, Risk, and Sales teams—offering 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.

KNOW HOW SKILLS:

Domain Knowledge

• 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.

Technical Skills

• Drafting and reviewing mortgage deeds, loan agreements, SARFAESI notices, and title opinion letters
• Familiarity with LOS/DMS systems for legal documentation tracking.

Leadership & Behavioral Competencies

• Vendor negotiation, vendor quality management, and SLA governance.
• Excellent stakeholder management and cross-functional collaboration.
• Strong communicator and trainer in legal documentation standards.

Education & Experience

• LLB / LLM from recognized university; Advanced degrees a plus
• 7–8 years of legal experience in NBFC/Bank mortgage lending, including 2+ years in team leadership.
• PAN-India exposure, especially in tier-2/-3 markets; multi-language skills preferred (Hindi + regional).