Manage and standardize technical property valuation reports, verify report quality, oversee vendor empanelment and performance, maintain MIS and TAT tracking, support collections and fraud-prevention processes, advise business/credit/policy teams, and coordinate collateral system enhancements.
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
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Location:
Regional Office ChennaiJob:
Programme HireSchedule:
RegularEmployee Status:
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