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Company Overview

Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores and 12,000 ATMs and the Internet (wellsfargo.com and wachovia.com) across North America and internationally.

We’re headquartered in San Francisco, but we’re decentralized so every local Wells Fargo store is a headquarters for satisfying all our customers’ financial needs and helping them succeed financially. One in three households in America does business with Wells Fargo. Wells Fargo has $1.3 trillion in assets and approximately 275,000 team members across our 80+ businesses. We ranked fourth in assets and second in market value of our stock among our U.S. peers as of June 30, 2011. Our vision: “We want to satisfy all our customers’ financial needs and help them succeed financially.”

Learn More about Wells Fargo
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Consumer Ln Underwriter 3
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Job Description

Responsible for reviewing, analyzing, approving and underwriting large, unusual or complex individual consumer requests and products within company and industry guidelines.

Dependent on division and complexity of underwriting, functions may include:
• Reviewing financial statements, credit reports, and applicable ratios(i.e. Debt ratios, loan-to-value).
• Evaluating & examining transactions to ensure accuracy and completeness.
• Preparing formal reports for review.
• Ensuring that documents are consistent and uphold to company and industry guidelines.
• Implementing fraud detection techniques, performing compliance reviews.
• Assisting with re-negotiations of loans based on lending guidelines.
• Contacting customers and partners to gather information to make appropriate decisions, explain rationale behind credit decision.
• May provide work direction and/or training to lower level team members and provide performance feedback to supervisor/manager.
•Location for this position will be changing to 9780 S. Meridian Blvd, Englewood, CO


Job Requirements

* Basic Qualifications:
4+ years underwriting experience.
* Minimum Qualifications:
- 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.

  • Mortgage underwriting experience.
  • Thorough understanding of underwriting policies and procedures, including investor guidelines and regulatory updates.
  • Thorough knowledge of FNMA, and FMLMC guidelines and standards.
  • Experience with income validation including personal and corporate tax forms.
  • Experience in Appraisal Review.
  • Ability to handle confidential material in a professional, highly ethical manner.
  • Excellent verbal and written communication skills and possess a high degree of attention to detail.
  • Strong interpersonal skills to build and maintain professional relationships with clients, customers, and co-workers.
  • Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
  • Experience in talking with the borrower about loan decision.
  • Must be able to work in a production/flexible environment.
  • Work overtime as needed.
  • Intermediate PC and keyboarding skills, including experience with Windows operating systems.

    * Preferred Skills:
  • DE/CHUMS ID.
  • VA LAPP SAR.


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