About this role:

Wells Fargo is seeking a Business Accountability Associate.

In this role, you will:

• Participate in and provide support for low-complexity matters pertaining to the business' policy and regulatory adherence, risk mitigation, or control efforts
• Research, review, document, and present findings related to issues, records, policies, and procedures for which answers can be quickly obtained
• Receive direction from supervisors and exercise judgment within defined parameters while developing understanding of function, policies, procedures, records, and other business information
• Collaborate and consult with peers, colleagues, and managers to implement actions in support of risk-mitigation and control initiatives

• 6+ months of risk management, business controls, quality assurance, business operations, compliance, or process experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

• US residential mortgage processing and underwriting experience with experience in income calculation, credit and assets review
• Basic Microsoft Office skills
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• Ability to take initiative and drive for results with minimal supervision
• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex fast paced environment

• The candidate must be willing to work within US hours typically between 6:30 PM to 3:30 AM Indian Standard Time for initial 6 months (and as business requires) and 1:30 PM to 10:30 PM Indian Standard Time after 6 months.
• Perform in-depth review of mortgage loan file including Credit, Capacity, Capital and Collateral documents
• Detailed review of Credit related documents such as Credit Report from Experian/Transunion/Equifax, Credit Supplements, Mortgage Statement, and Letter of Explanation etc.
• Detailed review of Capacity related documents such as Paystub, W2, VOE, Award letters and Bank Statements etc.
• Detailed review of Capital related documents such as Bank Statements, Gift letter, Stocks and Bonds etc.
• Detailed review of Collateral related documents such as Property Appraisal Report, Flood Report, and Purchase Agreement etc.
• Recommend borrower's eligibility in accordance with internal policies and procedures, agency guidelines and overlays utilizing Automated Underwriting System (AUS)
• Ability to identify potential red flags relating to customer information, income, assets, property, all parties to the transaction, etc.
• Analyze risks and offsets related to performing in-depth, prefund loan reviews. Present recommendations for resolving various issues related to reviews and loan files
• Utilize current knowledge of credit policy guidelines and procedures, use available tools and resources to recommend credit decision
• Ability to clearly document the loan rationale findings in loan notes
• Review stipulations/conditions for compliance and completion of loan file specific to the borrower profile, loan program and product
• Receive direction from more experienced managers and exercise judgment on relevant reviews within rules and regulations while developing an understanding of internal company requirements
• Provide communication regarding overall process and transaction quality to appropriate parties
• Research, review, document, and present findings related to issues, records, policies, and procedures for which answers can be quickly obtained
• Receive direction from supervisors and exercise judgment within defined parameters while developing understanding of function, policies, procedures, records, and other business information
• Collaborate and consult with peers, colleagues, and managers to implement actions in support of risk-mitigation and control initiatives.