Lead Installer, Magnolia Custom (Woodland Hills, CA) in Canoga Park, CA
Sr Mortgage Underwriter
Company: Wells Fargo Location: San Bernardino, CA Employment Type: Full Time Date Posted: 10/28/2020 Expire Date: 12/17/2020 Job Categories:
Finance/Economics, Financial Services, Government and Policy, Information Technology, Insurance, Military, Retail/Wholesale, Executive Management, Web Technology
Sr Mortgage Underwriter Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.Â In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.
At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
National Underwriting and Production Risk Management (NUPRM) provides support for transaction underwriting, managing production risk, and implementation of policies and procedures that support the home lending process.
As part of Wells Fargo Home Lending, NUPRM identifies and adopts best practices and controls in relation to retail mortgage products. The WBR Alliance team provides decisioning support for Wealth, Brokerage & Retirement (WBR) home lending transactions including Wealth Management and WFA.
This team is responsible for making credit decisions on all loans â initial decision, reconsideration, exception and 2nd level decisions.
Analyzes most complex financial and credit information for high dollar customer loans according to business unit standards
Underwrites high dollar loans with higher aggregate credit exposure and may manage a more complex portfolio
Underwriting exception work streams that cannot be decisioned through the decision tool
Compiles, analyzes, and documents loan data and credit risk, borrower and property information
Determines decisions/exceptions beyond the decisioning authority levels of less experienced underwriters
May negotiate loan provisions
Mentors or review analysis of less experienced underwriters and may provide credit policy direction to underwriting managers in the field
This SAFE position has customer contact and job duties which may include the offering/negotiating of terms and/or taking an application for a dwelling secured transaction. As such, this position requires compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and all related regulations. Ongoing employment is contingent upon meeting all such requirements, including acceptable background investigation results. Individuals in a SAFE position also must meet the Loan Originator requirements under Regulation Z (LO) outlined in the job expectations below.
5+ years of experience in underwriting, lending, or a combination of both
1+ year of experience in complex underwriting authority for escalated or special situation loans
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
Knowledge and understanding of underwriting policies and procedures, investor guidelines, and regulatory updates
Ability to handle confidential material in a professional manner
Ability to consult, build, and maintain solid working relationships in and outside of immediate department
Ability to coordinate completion of multiple tasks and meet aggressive time frames
Other Desired Qualifications
Experience with exception authority, second level reviews, government/conventional exceptions
Knowledge and understanding of underwriting: non-conforming loan process
Extensive underwriting experience 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 with appraisal review
This position requires SAFE registration at the time of employment. Wells Fargo will initiate the SAFE registration process immediately after your employment start date. The Nationwide Mortgage Licensing System (NMLS) web site (http://fedregistry.nationwidelicensingsystem.org ) provides the MU4R questions and registration required for employment in this position.
Individuals in Loan Originator (LO) positions must meet the Consumer Financial Protection Bureau qualification requirements and comply with related Wells Fargo policies. The LO qualification requirements include meeting applicable financial responsibility, character, general financial fitness and criminal background standards. A current credit report will be used to assess your financial responsibility and credit fitness, however, a credit score is not included as part of the evaluation. Successful candidates must also meet ongoing regulatory requirements including additional screening, if necessary.
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.
CA-San Bernardino: 1003 E Brier Dr - San Bernardino, CA
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.