Associate Legal Manager – Mortgages /Loan Against Property

Role Overview

The Associate Legal (LAP Mortgage) will be responsible for overseeing all legal aspects of the Loan Against Property (LAP) business in an NBFC environment. The role involves handling property documentation, title verification, drafting and vetting loan-related agreements, managing daily MIS, Managing Legal Vendor Bills, Empanelment of legal Vendor, ensuring compliance with regulatory guidelines, and mitigating legal risks associated with secured lending.

Key Responsibilities

• Documentation & Due Diligence
• Vetting and scrutiny of property documents for mortgage-based lending (residential, commercial, and industrial).
• Conducting legal due diligence and issuing title clearance reports (TCRs).
• Ensuring compliance with local property laws, RERA, stamp duty, and registration requirements.
• Coordinating with empanelled advocates for search reports and legal opinions.
• Loan Documentation & Advisory
• Drafting, reviewing, and finalizing mortgage deeds, NOCs, and other legal documents.
• Providing legal support to the credit and operations team during loan sanction and disbursement.
• Advising on enforceability of securities and structuring of mortgage transactions.
• Compliance & Risk Management
• Ensuring adherence to RBI guidelines and NBFC regulations in mortgage lending.
• Identifying potential legal risks and implementing mitigation measures.