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Wells Fargo's Consumer Lending Group (CLG) is an industry leader in supporting homeowners and consumers. We put customers at the center of all that we do. We make every decision - and design every product and service - with our customers in mind.
It starts with you. We must attract, develop, retain and motivate the most talented people - those who care and who work together as partners across business units and functions. We value and promote diversity and inclusion in every aspect of our business and at every level of our organization.
The CLG team includes Home Lending, Personal Loans and Lines, Direct Auto, Dealer Services, Commercial Auto, Retail Services and Education Financial Services including the professional services teams that partner with these businesses and other key partners.
Join the #1 Mortgage originator and servicer ( Source: Inside Mortgage Finance )
Our Correspondent team works with Wells Fargo Funding and is part of Home Lending. Correspondent clients include large and small banks and mortgage companies, which provide borrower financing.
Job functions of a Conforming Underwriter include:
Responsible for reviewing, analyzing, approving and underwriting difficult, complex individual consumer requests and products within company and industry guidelines
Responsible for meeting and maintaining portfolio lending quality standards
Reviewing financial statements, credit reports, and applicable ratios (i.e. Debt ratios, loan-to-value)
Examining transactions to ensure accuracy and completeness
Preparing formal reports for review; ensuring that documents are consistent and uphold to company and industry guidelines
Implementing fraud detection techniques, performing compliance reviews
Assisting with re-negotiations of loans based on lending guidelines, serving as a consultant/technical resource on difficult problems and questions
Handling escalated calls
Providing work direction, feedback and training to underwriting staff including mentoring lower level underwriters on credit decisioning, department procedures and policies
Delivering/facilitating of technical training to ensure organizational consistency
May act as a team lead and provide performance feedback to less senior underwriters
May act as backup in absence of Supervisor Required Qualifications
5+ years of underwriting experience Desired Qualifications
Basic Microsoft Office skills
Strong analytical skills with high attention to detail and accuracy
Excellent verbal, written, and interpersonal communication skills
Ability to interact with all levels of an organization
Ability to handle confidential material in a professional manner
Knowledge and understanding of front-line underwriting
Knowledge and understanding of underwriting policies and procedures, investor guidelines, and regulatory updates
Knowledge and understanding of underwriting: non-conforming loan process
Portfolio lending underwriting experience Other Desired Qualifications
Mortgage or Commercial underwriting experience
Advanced income analysis which includes experience in reviewing Self-employment, Corporate, and Partnerships tax returns
Advanced asset analysis and experience working with all types, and extensive experience with layering risk and evaluation
Experience in talking with the borrower about loan decision Job Expectations
Ability to work nights, weekends, and/or holidays as needed or scheduled
This position requires compliance with all mortgage regulatory requirements and Wells Fargo's compliance policies related to these requirements including acceptable background check investigation results. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents. Street Address
IA-Des Moines: 800 Walnut St - Des Moines, IA
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
ControlID: 14.234.89 SHR
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