Wells Fargo jobs - Pre-Fund Examiner

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description

About Wells Fargo India

Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations.

Department Overview

The Consumer Lending - Retail team supports Fulfillment, Home Equity & NUPRM teams stateside at various stages of loan processing, pre-underwriting, pre-closing and post-closing.

Wells Fargo Home Lending (WFHL) Retail team primarily deals with activities that are part of the Mortgage Origination supporting all roles end to end including Processing, Underwriting and Closing along with other risk evaluation processes.

Roles & Responsibilities

Responsibilities include performing in-depth pre-fund loan reviews and validating complex transactions to ensure program, investor and/or company polices are followed. Ensures compliance with internal company requirements and/or agency or government regulations. Analyzes risks and offsets and develops solutions for problems identified. May conduct credit, closing and compliance reviews. Effectively communicates overall process and transaction quality and provides feedback to appropriate contacts regarding identified deficiencies, which may include suspending credit decision until deficiencies are resolved. Effectively extends decisioning logic to different situations. Establishes and maintains effective business partner relationships. As part of Wells Fargo Home Lending, National Underwriting and Production Risk Management (NUPRM) identifies and adopts best practices and controls in relation to retail mortgage products. Production Quality Support manages risk and provides oversight and inspection of the loan manufacturing processes for the home lending organization.

Primary Functions Of The Quality Reviewer Will Include

Quality inspection of loan files including Conventional, FHA, VA. This may include reviewing loans from a closing/compliance perspective.

Mentor and coach peers and partners within Fulfillment

Other Functions Include

Review and validate all credit documents, including but not limited to: financial statements, credit reports, appraisal, income and assets documents.

Review applicable ratios (i.e. debt ratios, loan-to-value) to ensure loan meets company and agency guidelines.

Review and validation of property requirements including title and appraisal.

Utilize current knowledge of company policy and procedures, uses available tools and resources such as One Right Answer, QIS methodology/philosophy etc. to validate credit decision.

Examine transactions to ensure accuracy and completeness.

May prepare reports for fulfillment partners.

Assist with fraud prevention and may partner with Fraud Risk Prevention on projects/reviews.

Serve as a consultant/technical resource on difficult problems and questions.

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.

Essential Qualifications

• 3 to 6 years of experience in one or a combination of the following: Home loan processing, Underwriting, or closing.
• At least 30 months of experience Underwriting conventional and government products
• Previous Audit Experience within a financial institution
• Excellent verbal, written & interpersonal communication skills
• Ability to understand data, identify gaps and generate timely alerts to reduce/ eliminate gaps/ risks
• Post /Graduate degree (Finance Preferable)
  
  

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

Reference Number

51356BR