Posted Sep 06, 2021 6 views
To assist the Chief Legal Counsel in Legal Opinion, legal reviews and other legal assignments as and when reposed
- To prepare process, procedures and templates to be used in the process of scrutinization of House Finance.
- To liaise with different lawyers on the panel for performance of duties.
- To write and review different contracts/ agreements/ legal documents and indentures
- To assist in Integrate with all govt driven cadastral GIS Mapping and Title verification systems (survey of Pakistan, Provincial Land Revenue Record MIS) to streamline document verification processes.
- To assist wherever required in following processes:
- Document rebooks and Legal Standard Operating Procedures, financing or security agreement addendum templates for different property documentation scenarios pre and post loan origination.
- Identify sequential steps, step owners, institutions or organization responsible for each process, what documents are required to be provided for the step, any known fees or costs for the process and common issues in each process.
Pre-origination scenarios:
- Property seller doesn’t possess complete ownership documents
- Property seller possesses provisional land ownership documents
- Property seller has lost originals of ownership documents
- Property in question has not been regularized (built illegally)
- Property not in seller name (jointly owned with or in other family members name)
- Previous chain of ownership documents missing
- Seller has not paid all the relevant property taxes
Housing society, apartment complex or developer has not sub-leased or updated the property ownership record at the authorities to reflect seller’s ownership.
During loan origination scenarios:
- Verification of title documents, obtaining NOCs and NECs
- Legal steps for purchasing a house
- Legal steps for renovating a house
- Legal steps for buying a plot and constructing a house
- Legal steps for using an existing owned plot to construct a house
Post Origination scenarios:
- Death of a Borrower, Co-Borrower or Guarantor
- Full Repayment of a loan
- Restructuring of a loan
- Extend maturity or reduce fixed rates (permanent)
- Grace period
- Forbearance plan to reduce monthly payments (temporary)
- Adding or changing a co-borrower, guarantor
- Capitalizing interest or repayment arrears
- Freezing a portion of the loan
- Steps for foreclosures (Already provided)
- Forward case to Chartered Accountant, Issue demand notices, valuation of properties, publication in newspaper, auction, delivery of possession and post-sale process, dispute resolutions and injunctions
- To assist Chief Legal Counsel and HOD Structured Products in designing the products.
- Any other assignment as reposed by supervisor.
Job Details
Trellis Housing Finance Limited
This is a very exciting opportunity to work alongside the founding members of this organization to establish and scale a truly innovative FinTech business model that strives to become the benchmark of how to galvanize social development and transform societies within a short period of time. Trellis Housing Finance Limited is looking for a bright, well-rounded and ambitious individuals who can take on a broad roles in helping it set up operations in Pakistan. Pakistan is faced with a housing shortage of 10 million currently growing by 1 million every year. The population, 80% without a bank account, has been starved off house financing solutions for years. Pakistan housing finance-GDP ratio is one of the lowest in the world ; 0.25% (South Asia: 3%, Bangladesh: 3%, India: 11%). Trellis mission is to fill this gap by providing affordable green mortgage solutions to low and middle income groups in Pakistan. This is expected to significantly boost financial inclusion, home ownership and economic activity in the country. The senior management team has a combined experience of over 150 years in affordable housing, international banking, hedge funds, capital markets and financial technology.
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