About this role:
Wells Fargo is seeking a Senior Loan Examination Specialist in Consumer Lending as a part of Home Lending. Learn more about the career areas and business divisions at wellsfargojobs.com.
In this role, you will:
- Lead loan reviews which include a complete re-underwrite of the loan file to assess the credit decision, a review of closing documents for compliance requirements, and a review of the appraisal for collateral quality
- Research and validate most complex and escalated loan files to ensure programs, investors, and company polices are followed
- Contribute to the resolution of loan transitioning and processing issues
- Partner with other Loan Examination Specialists to meet process deliverables while leveraging solid understanding of closing, underwriting, and compliance guidelines
- Collaborate with immediate peers and more experienced management to report findings and recommendations
- Act as a mentor for less experienced Loan Examination Specialists
- Review and validation of property requirements including title and appraisal
- Utilize knowledge of company policy and procedures, and available tools and resources, such as One Right Answer and QIS methodology to validate credit decision
- Examine transactions to ensure accuracy and completeness.
- Assist with fraud prevention and may partner with Fraud Risk Prevention on reviews
- Serve as a consultant and technical resource on difficult scenarios
- Partner with fulfillment underwriters, managers, performance coaches, and lending officers
- Communicate and discuss findings with partners
- Mentor other reviewers on department procedures and policies
- Provide post authority reviews for underwriters receiving new or additional authority to comply with the decisioning authority roadmap
- Mentor and coach peers and partners within Fulfillment
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- 4+ years of Underwriting experience, Loan processing, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Underwriting experience
- Excellent verbal, written, and interpersonal communication skills
- Wells Fargo Sales systems experience (Ex. CORE, Empower, One Right Answer)
- Experience with quality inspection of loan files including Conventional Agency, Non-Agency, FHA, VA, including reviewing loans from a closing/compliance perspective
- Experience reviewing and validating all credit documents, including but not limited to: financial statements, credit reports, appraisal, income and assets documents
- Experience reviewing applicable ratios (i.e. debt ratios, loan-to-value) including complex income scenarios, to ensure loan meets company and agency guidelines
- Experience coaching, mentoring, and providing feedback
- This position is not eligible for Visa sponsorship
- This position requires compliance with all mortgage regulatory requirements and Wells Fargo's compliance policies related to these requirements. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents.
- This position offers a hybrid work schedule
- 1150 W Washington Street, Tempe, AZ
- 2850 S Price Road, Chandler, AZ
- 1525 W WT Harris Blvd, Charlotte, NC
- 600 S 4th Street, Minneapolis, MN
- 801 Walnut Street, Des Moines, IA
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$30.58 - $54.33
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
22 Nov 2024
* Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.