Pre-Fund Examiner 2 - NUPRM

Location
Philadelphia, Pennsylvania
Posted
September 24 2020
Ref
5552498-9
Industry
Banking
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 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.

Consumer and Small Business Banking is at the center of our efforts to rebuild trust and transform the way we serve our customers and clients. The Consumer and Small Business Banking organization is focused on innovating and transforming our business with the customer at the center, better enabling customers to engage with us how, when, and wherever they choose through a broad suite of financial products and services. While we are pleased to be an industry leader in many consumer and small business areas, including retail deposits, debit card transaction and purchase volume, and small business lending, our primary goal is delivering for our customers. Our market positions are an outcome of great work by employees who are committed to serving our customers.

This Prefund Examiner 2 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. 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.
This team consists multiple functions that: detect and mitigate fraud, provide 3rd party inspection services to improve quality and performance, address and resolve borrower escalations, review and certify underwriter decisioning authority and business continuity planning for NUPRM and other support functions 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

Required Qualifications

  • 4+ years of underwriting experience


Other Desired Qualifications

•Previous Audit Experience within a financial institution
•Experience underwriting conventional and government products

Job Expectations

  • 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.


Street Address

MN-Minneapolis: 2701 Wells Fargo Way - Minneapolis, MN
CA-San Bernardino: 1003 E Brier Dr - San Bernardino, CA
CO-Englewood: 9780 S Meridian Blvd - Englewood, CO
AZ-Tempe: 1150 W Washington St - Tempe, AZ
IA-Des Moines: 800 Walnut St - Des Moines, IA
NC-Raleigh: 1100 Corporate Center Dr - Raleigh, NC
PA-Philadelphia: 101 N Independence Mall E - Philadelphia, PA
NC-Charlotte: 8505 Ibm Drive - Charlotte, NC
TX-San Antonio: 4101 Wiseman Blvd - San Antonio, TX
OR-Portland: 9600 Ne Cascades Parkway - Portland, OR

Disclaimer

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.

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