Loan Documentation Spclst 5Apply now Job ID 5510297
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.
Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.
The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.
Wells Fargo Commercial Distribution Finance provides floorplan inventory financing solutions, service and intelligence through in-depth industry expertise and a commitment to customers. As a leading provider in specialized financing and servicing solutions, CDF delivers when it comes to helping facilitate the manufacturing, distribution and sale of products across a variety of industries from Powersports, Marine and Recreational Vehicles, to Outdoor Lawn & Garden, Agriculture, Technology, and Electronics & Appliances. This role will be supporting the floor plan inventory financing for our Motorsports Division.
The Loan Document Specialist position will be responsible for assisting in a variety of pre-close and post-close activity for floorplan lending transactions.
o Assisting in the coordination of floorplan loan closings.
o Performing customer, loan and related due diligence.
o Monitoring and completing post-close activities including compliance with file conditions.
o Ensure safe recordkeeping for loan documents.
o On-going portfolio maintenance.
o Accurately evaluating and uploading data into CDF’s systems of record.
o Ensuring compliance with all CDF policies, procedures and regulatory requirements.
o May assist in researching and compiling information required for underwriting of floorplan loan transactions.
o Examples include: Ordering and reviewing UCC searches, addressing open file conditions, confirming approval conditions flow to AIMS, uploading documents, processing transfer and assumptions, validating insurance coverage in AIMS.
Other Desired Qualifications
• Customer service experience
• Strong administrative skills
• Prior financial services experience, preferably commercial lending
• Floorplan loan documentation, preparation, or review experience
• AIMS competence
IL-Chicago: 10 S Wacker Drive - Chicago, IL
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.