Mortgage Examiner

QUALIFICATION STANDARDS

Education: Bachelor of Laws

Experience: at least 2 years of relevant work experience

Training: at least 8 hours of relevant training

REQUIRED KNOWLEDGE & SKILLS

• Laws relating to land titles, deeds, obligations and contracts
• Jurisprudence relating to housing and corporate
• Financing loans and mortgage examinations
• Legal research and writing

EMPLOYMENT STATUS

The selected candidate shall be hired as an employee of DBP Service Corporation (DBPSC), but will be deployed to the Social Housing Finance Corporation (SHFC) as an assigned staff. As a DBPSC employee, s/he shall be entitled to the following benefits:

• Government Mandated Benefits (SSS, PhilHealth, Pag-IBIG)
• Employees Compensation Program
• Holiday Pay
• 13th Month Pay
• Incentive Leaves (5 days per year)
• Paternity Leave
• Solo Parent Leave
• Special Leave/Magna Carta for Women
• Retirement Pay
• Group Life Insurance
• Financial Assistance Program
• Trainings and Seminars
• Health Maintenance Organization (HMO)
• Overtime pay

Duties and Responsibilities / Scope of Work

1. Reviews and validates loan and mortgage documents under the corporation's mortgage programs as to their validity, legality, and enforceability based on the existing policies and guidelines;

2. Prepares mortgage examination findings through a thorough review of the submitted documents for approval of loan applications;

3. Communicates mortgage examination findings accurately to stakeholders for correct and complete compliance thereto (e.g. Mobilizers, Community Associations, or landowners);

4. Clarifies any queries raised by the stakeholders in order to comply with the submission of the requirements for loan approval;

5. Coordinates with SHFC linkage and partners to secure documents necessary for the approval of loan applications;

6. Prepares Letters of Guaranty (LOG) and Certifications based on the board resolution in preparation for processing of loan release;

7. Collates and reviews mortgage documents after issuance of letter of guaranty based on the Mortgage Examiner's checklist for processing of loan release;

8. Consolidates the required documents necessary for the transfer of title to the Community Association's name and annotation of REM;

9. Attends meetings for the review of project/s and approval prior to submission to Credit Committee meeting;

10. Maintains proper safekeeping of mortgage documents submitted, including title's property with annotation of the REM for the protection of the released loan;

11. Prepares transmittal letter for the release of check payments to landowner/s for proper monitoring of payments; and

12. Performs other related functions as may be assigned by the immediate supervisor from time to time.