This role is an integral part of the Risk & compliance & is responsible for carrying out due diligence for the underlying security i.e. Real Estate Property and ensure that all information required to take a credit decision w.r.t. real estate property be provided to higher management. He is also responsible for maintaining TAT. The key aspect of due diligence is that underlying security i.e. real estate properties are compliant with local statutory norms & regulations & falls under acceptable norms as per ABFL as well as RBI. The role holder is also responsible for providing and keeping updates about changes happening in statutory rules & regulations related real estate properties, real estate property rate movements, demand-supply analysis, impacts of economic changes on real estate property etc. In all he/she has to provide inputs related to real estate property to higher management which will help them in decision making to improvise TATs of the overall sanction process.
The major challenges to this profile include
Self updation on economic / sectoral changes in the economy
Customer Satisfaction: Internal as well as external customer satisfaction.
Vendor Management: Seamless co-ordination with external entities.
