Commercial Loan Closing Representative

About this role:

Wells Fargo is seeking a Commercial Loan Closing Representative

In this role, you will:

• Support pre-close documents for moderately complex to complex commercial loans
• Seek ways to improve aspects of loan closing and process's
• Perform moderately complex legal activities for loan documentation that may include Documents purchased from third party sources, internal staff and corporate legal groups
• Review and prepare complex loan documents
• Receive direction from supervisor and escalate non-routine questions
• Review and negotiate complex legal documentation, evaluate risks, devise strategies to mitigate documentation risk and identify procedural modifications
   
• Interact with immediate team and Commercial Loan Closing group as well as Interact with internal customers

Required Qualifications:

• 1+ year of Commercial Loan Closing support experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Monitor and maintain compliance with flood insurance requirements throughout the life of the loan.
• Review loan files and system records to ensure accurate flood zone determinations and documentation.
• Track and update flood insurance coverage, including renewals and lapses, to meet regulatory standards.
• Meet goals related to SLA performance targets, Productivity targets & Quality scores, based on established targets for each areaSupport internal and external customers with inquiries and complaints regarding flood insurance requirements
• Monitor collateral and preparing payoff letters, releasing collateral
• Receive direction from supervisors, and escalate non-routine customer concerns to experienced individuals
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
• Knowledge and understanding of the Flood Disaster Protection Act (FDPA)
• Ability to review and interpret complex commercial loan documents
• Knowledge and understanding of flood insurance policy requirements, contents value and appraisals
• Knowledge and understanding of Private flood insurance policies
• Knowledge and understanding of National Flood Insurance Program (NFIP) insurance policies
• Knowledge and understanding of Flood insurance documentation
• Knowledge and understanding of FEMA (Federal Emergency Management Agency)

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.