Lending Officer 1 – Agency Home Lending

Wells Fargo
Published
September 12, 2020
Location
Philadelphia, PA
Category
Job Type

Description

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.  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. 

Consumer and Small Business Banking is at the center of our efforts to rebuild trust and transform the way we serve our customers and clients. The Consumer and Small Business Banking organization is focused on innovating and transforming our business with the customer at the center, better enabling customers to engage with us how, when, and wherever they choose through a broad suite of financial products and services. While we are pleased to be an industry leader in many consumer and small business areas, including retail deposits, debit card transaction and purchase volume, and small business lending, our primary goal is delivering for our customers. Our market positions are an outcome of great work by employees who are committed to serving our customers. 

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 Lending Officer is responsible for monitoring lending activities for agency home lending. Functions may include: approving loans in excess of regional, state, business unit or credit underwriter authority levels; ensuring conformity with company/ regulatory policies and procedures; granting credit and exception approvals and providing credit quality controls; monitoring of delinquency, loss, and risk rating accuracy; assisting credit officers and other senior officers with structuring, pricing and documentation of loan transactions; monitoring and reviewing credit underwriting and portfolio management performance; managing on-going account relationships. May be responsible for preparing or reviewing reports provided to senior management regarding portfolio performance. May also be responsible for reviewing/approving workout strategies for individual loans and coaching/developing credit skills of underwriters.

Required Qualifications

  • 5+ years of lending experience

Desired Qualifications

  • Strong analytical skills with high attention to detail and accuracy
  • Excellent verbal, written, and interpersonal communication skills
  • Knowledge and understanding of consumer loan underwriting or credit in mortgage lending
  • Knowledge and understanding of underwriting policies and procedures, investor guidelines, and regulatory updates
  • Experience with underwriting policies and procedures such as risk-layering and asset evaluation
  • Ability to consult, build, and maintain solid working relationships in and outside of immediate department
  • Strong relationship development skills
  • Leadership skills including; coaching, training, and mentoring

Other Desired Qualifications

  • Agency underwriting experience 
  • MCD 3 or 4 level of agency/government lending authority and exception authority

Job Expectations

  • 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.
  • Ability to travel up to 5% of the time
  • 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

PA-Philadelphia: 101 N Independence Mall E - Philadelphia, PA

Disclaimer

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.

Apply
Drop files here browse files ...

Related Jobs

Director, Human Resources   Philadelphia, PA new
September 30, 2020
Enrollment Specialist Agent   Philadelphia, PA new
September 30, 2020
September 30, 2020
September 30, 2020
September 30, 2020

Author: