Loan Documentation Specialist 5 (Pre-CEMA)

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.

The Loan Documentation Specialist 5 role is a team lead position responsible for assisting the manager with work direction and pipeline priority. The role is with the Pre-CEMA team and they are responsible for critical review of collateral mortgage documentation and decisioning to determine CEMA eligibility for New York refinance transactions with Wells Fargo Home Mortgage. This role will also have responsibility for COOP loans and understanding the process specific to New Jersey. The successful candidate review process is to ensure compliance with all WFHM, NY, NJ and investor policy guidelines. This position operates in an analyst fashion with review of underlying collateral mortgage documentation to ensure standards are met with the consolidation of mortgages into current refinance transaction.

Responsible for performing loan documentation duties on the most complex loan packages to ensure compliance with Company policies and government regulations. Performs duties related to the processing and/or closing of loans. Main point of contact for internal or external customer during the loan process. Manages an assigned pipeline of all loan types relative to business line. Negotiates and determines viable solutions to make deals work while balancing high credit quality OR Provides work direction to a team of Loan Documentation Specialists, ensuring units work is completed on time and accurately by planning, coordinating and monitoring daily activities. Acts as an escalation point for specialists to resolve issues and provide training. May act as a liaison between lenders and legal department.

IMPORTANT: Required location for this position is 2650 Wells Fargo Way in Minneapolis. Candidate must reside within a reasonable commute to this location but will have to work from this office.

• 2+ years of experience in one or a combination of the following: customer service, loan administration, collections, or sales environment demonstrated through work or military experience
• 1+ year of mortgage industry experience

• Intermediate Microsoft Office skills
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• Knowledge and understanding of traditional fulfillment functions such as processing, underwriting, and closing
• Strong time management skills and ability to meet deadlines
• Ability to provide leadership by coaching, training, and mentoring
• Strong attention to detail and accuracy skills
• Reporting experience, analytics experience or a combination of both
• Experience managing a pipeline of work from assignment to completion

Knowledge of or Experience working with NY CEMA loans
- Knowledge of or Experience working with COOP Loans

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

MN-Minneapolis: 2650 Wells Fargo Way - Minneapolis, MN

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

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