Loan Examination Associate - Chennai, India - WELLS FARGO BANK

WELLS FARGO BANK

Verified Company

Chennai, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

About this role:

Wells Fargo is seeking a Loan Examination Associate...

In this role, you will:

Perform indepth, prefund loan reviews and validate transactions within set guidelines for Underwriting
Perform indepth review of mortgage loan file including Credit, Capacity, Capital and Collateral documents
Detailed review of Credit related documents such as Credit Report from Experian/Transunion/Equifax, Credit Supplements, Mortgage Statement, and Letter of Explanation etc.
Detailed review of Capacity related documents such as Paystub, W2, VOE, Award letters and Bank Statements etc.
Detailed review of Capital related documents such as Bank Statements, Gift letter, Stocks and Bonds etc.
Detailed review of Collateral related documents such as Property Appraisal Report, Flood Report, and Purchase Agreement etc.
Recommend borrower's eligibility in accordance with internal policies and procedures, agency guidelines and overlays utilizing Automated Underwriting System (AUS)
Ability to identify potential red flags relating to customer information, income, assets, property, all parties to the transaction, etc.
Utilize current knowledge of credit policy guidelines and procedures, use available tools and resources to recommend credit decision
Ability to clearly document the loan rationale findings in loan notes
Review stipulations/conditions for compliance and completion of loan file specific to the borrower profile, loan program and product
Receive direction from more experienced managers and exercise judgment on relevant reviews within rules and regulations while developing an understanding of internal company requirements
Provide communication regarding overall process and transaction quality to appropriate parties

-
Required Qualifications, International:

3+ years of US residential mortgage components of underwriting, processing and/or postclosing experience
Wage Earner Income calculation experience is mandatory
Graduate in commerce/finance/management stream or equivalent

-
Desired Qualifications:

Basic Microsoft Office skills
Excellent verbal, written, and interpersonal communication skills
Strong analytical skills with high attention to detail and accuracy
Ability to take initiative and drive for results with mínimal supervision
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex fast paced environment

-
Job Expectations:

We Value Diversity

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.