NDS Agency Mortgage Exception Underwriter 4

Wells Fargo
Published
July 20, 2021
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 are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wells Fargo’s Consumer Lending businesses empower millions of customers to achieve their dreams every day. Whether it’s buying a home, purchasing a car, funding a significant purchase, or making important daily credit card purchases, Consumer Lending provides important credit products and services that help our customers succeed. The group includes Home Lending; Auto; Cards, Retail and Merchant Services; Personal Lending; Consumer Lending Control; and Consumer Lending Shared Services.

The Consumer Lending team partners with other businesses across Wells Fargo to create and deliver transformational experiences that help customers gain access to credit. The vision for the Consumer Lending business is to leverage technology and data to make it simple for customers to easily access credit when and where they need it. Consumer Lending serves customers across the country through our distribution network of more than 5,300 retail banking branches and Home Lending offices, as well as online and digital channels.

Consumer Loan Underwriter (SAFE) 4 - National Decisioning Support 
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 National Decisioning Support Team (NDS) supports Centralized and Distributed Retail Agency and Government Fulfillment teams.

This team is responsible for making credit decisions on Agency and Government loans including but not limited to: credit policy exceptions within designated authority, loan size reviews requiring higher lending authority, path of assistance / 2nd level decisions.

o Analyzes most complex financial and credit information for customer loans according to business unit standards
o Underwriting exception work streams that cannot be decisioned through the decision tool
o Compiles, analyzes, and documents loan data and credit risk, borrower and property information
o Determines decisions/exceptions beyond the decisioning authority levels of less experienced underwriters
o May negotiate loan provisions
o Mentors or review analysis of less experienced underwriters and may provide credit policy direction to underwriting managers in the field

“Preferred locations are listed on the job posting. Other locations within the Wells Fargo footprint may be considered.”

The salary range listed is based on a full-time 40 hour a week schedule.

This position may be eligible for a discretionary bonus. 

Required Qualifications

  • 5+ years of underwriting experience
  • 3+ years of underwriting experience with mortgage, commercial credit, or a combination of both

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

Other Desired Qualifications

  • Extremely strong experience with conforming underwriting FNMA, FHLMC
  • Experience with government underwriting FHA, VA a plus 
  • Experience with exception level underwriting 

Job Expectations

  • 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.
  • Ability to provide and work from a home office
  • 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.
  • 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.

Salary Information

The salary range displayed below is based on a Full-time 40 hour a week schedule.

NC-Raleigh: Min: $63,900 Mid: $90,000 Max: $116,100
PA-Philadelphia: Min: $70,300 Mid: $99,000 Max: $127,700
NC-Charlotte: Min: $63,900 Mid: $90,000 Max: $116,100
MN-Minneapolis: Min: $63,900 Mid: $90,000 Max: $116,100
IA-Des Moines: Min: $63,900 Mid: $90,000 Max: $116,100
CA-San Bernardino: Min: $70,300 Mid: $99,000 Max: $127,700
AZ-Tempe: Min: $63,900 Mid: $90,000 Max: $116,100
IL-Westchester: Min: $70,300 Mid: $99,000 Max: $127,700
CA-Concord: Min: $76,700 Mid: $108,000 Max: $139,300
NY-Melville: Min: $76,700 Mid: $108,000 Max: $139,300
CO-Colorado Springs: Min: $63,900 Mid: $90,000 Max: $116,100

Street Address

NC-Raleigh: 1100 Corporate Center Dr - Raleigh, NC
PA-Philadelphia: 101 N Independence Mall E - Philadelphia, PA
NC-Charlotte: 8505 Ibm Drive - Charlotte, NC
MN-Minneapolis: 2650 Wells Fargo Way - Minneapolis, MN
IA-Des Moines: 800 Walnut St - Des Moines, IA
CA-San Bernardino: 1003 E Brier Dr - San Bernardino, CA
AZ-Tempe: 1150 W Washington St - Tempe, AZ
IL-Westchester: 2 Westbrook Corporate Ctr - Westchester, IL
CA-Concord: 1755 Grant Street - Concord, CA
NY-Melville: 532 Broadhollow Rd - Melville, NY
CO-Colorado Springs: 90 S Cascade Ave - Colorado Springs, CO

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.

Benefits Summary

Benefits
 

Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.

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