Pre-Fund Examiner 2

Company: Wells Fargo Bank
Location: Ankeny
Posted on: March 12, 2020

Job Description:

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 prior to 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 Banking is an industry leader in supporting homeowners and consumers, in addition to operating one of the most extensive banking franchises in the country. We serve mass market, affluent, and small business customers; as well as provide home and personal lending. Our focus is on delivering an exceptional experience for our customers through financial advice and guidance coupled with providing the products and services that will help them realize their financial hopes and dreams. - We've built our team of top professionals by rewarding their accomplishments and ensuring they have what's needed to succeed.Join the #1 Mortgage originator and servicer (Source: Inside Mortgage Finance)Our Mortgage team supports the nation's leading originator and servicer of residential mortgages.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.Responsibilities include performing in-depth pre-fund loan reviews and validating complex transactions to ensure program, investor and/or company polices are followed. 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, which may include suspending credit decision until deficiencies are resolved. 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
    
    Desired Qualifications
    
    • Knowledge and understanding of government and conventional loans
      
      Other Desired Qualifications
      
      • Knowledge and understanding of underwriting policies and procedures, investor guidelines, and regulatory updates
      • Knowledge and understanding of government and conventional loans
      • Ability to consult, build, and maintain solid working relationships in and outside of immediate department
      • Ability to coordinate completion of multiple tasks and meet aggressive time frames
      • 3+ years of experience with income analysis including exposure to reviewing self-employment, corporate, and partnerships tax returns
      • 3+ years of advanced asset analysis and experience working with all types
      • Experience with underwriting policies and procedures such as risk-layering and asset evaluation
      • Consumer regulatory risk management experience - - - - - -
        
        
        
        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.
        

Keywords: Wells Fargo Bank, Ankeny , Pre-Fund Examiner 2, Accounting, Auditing , Ankeny, Iowa