Job description/Requirements - Documentation - Standardize the technical valuation reports to incorporate details such as Market value, Document value, Force sale / distress value, interiors valuation, Type of construction, Concerns on marketability and potential risks if any on property – demolition / proximity to railways or water source etc - Hind sight function – Technical valuation report verification on sample basis, on below parameters- Whether reports are in DBS format - Variation in reports for same area and same property across multiple vendors - Types of risk identification - Comments updation by technical vendor - Instances of report revision and reasons for the same - Turn around time tracking from date of technical report initiation and final technical report receipt - Property dedupe mechanism - Vendor management- Assess and appoint new technical vendors as per bank policy - Renew existing technical vendors basis internal review on performance - Track blacklisted technical firms to ensure that the partners / individuals are not engaged with DBS without explicit approval from DBS. - Maintain MIS for total of empanelled vendors and track dormant vendors, if any; further steps like de-empanelling to be done in suitable cases of dormant vendors. - Track changes in vendor firm composition and initiate necessary actions. - Feedback to vendors regarding end to end TAT management from technical verification initiation to final signed legal report submission. - Invoice processing of technical vendors within agreed time lines. - Work with DBS tech team for enhancing collateral management system for getting valuation details correctly updated - Advisory function- Business and credit team on technical verification process initiation both for fresh cases and top up cases. - Business teams on case specific issues basis remarks from external valuation vendors - Credit team on deviations in technical reports - Policy team on timely updation of Collateral policy - Track market updates using RESIDEX and other details. - Collections- Assist collections team in doing re-valuation of property for cases which became NPA - Coordinate with locations for repossessed property bidding and reserve price fixation - Fraud prevention- Enhance process to identify potential fraud cases at technical verification stage Advise business and collections teams on next steps in case of identification of fraud -en
Location:
Regional Office Chennai
Job:
Programme Hire
Schedule:
Regular
Employee Status:
Full time
