Post Mortgage Monitoring

About

What is PMM ?

The Post Mortgage Monitoring (PMM) module is a pioneering solution that aligns with RBI’s mandate for continuous monitoring and Red Flagging of Accounts (RFA). PMM tracks mortgaged properties 24x7, 365 days a year, capturing any unauthorized transactions, encumbrances, or suspicious activities on mortgaged properties on both public and Government platforms.
This real-time monitoring acts as a critical EWS mechanism, alerting Banks, NBFCs, and FIs to potential risks before loans turn "Negative" or become NPAs. PMM also ensures compliance with mandatory mortgage registrations on SRO and CERSAI platforms, reducing legal and financial risks. By providing instant alerts and enabling proactive legal actions, PMM strengthens the fraud risk management framework and ensures the long-term health of the lending portfolio.

Challenges

• Unauthorized TransactionsPost-disbursement, properties may be sold or encumbered without the bank’s knowledge, increasing NPA risks.
• Manual Monitoring:Banks lack the tools to continuously track mortgaged properties, leading to delayed detection of risks.
• Non-ComplianceFailure to register mortgages on SRO/CERSAI platforms exposes banks to legal and financial risks.
• Reactive ApproachBanks often act only after EMIs stop, by which time the loan may already be "Negative".

Solutions

How PMM resolves these challenges:

• Real-Time Monitoring:Tracks property transactions 24x7, 365 days in a year on Public and Government platforms.
• Instant AlertsSends automated notifications for suspicious activities, enabling proactive legal actions.
• Compliance AssuranceEnsures mandatory mortgage registrations on SRO and CERSAI platforms.
• Portfolio ProtectionCovers both new and existing loans, acting as a watchdog for the entire loan portfolio.

Benefits:

• Reduces NPA risks with proactive monitoring.
• Ensures compliance with RBI’s regulatory framework.
• Saves time and resources by automating the monitoring process.