Home Mortgage Consultant (SAFE)

Wells Fargo & Company•New York, NY

6d•Onsite

About The Position

Wells Fargo is a global trailblazer committed to driving innovation, empowering communities, and helping customers succeed. They offer a meaningful career with robust benefits, competitive compensation, and programs designed for work-life balance and well-being. This role involves soliciting residential mortgages, producing high-quality, compliant loans, and building relationships with various sources like realtors, builders, and financial professionals. The consultant will develop market visibility, stay informed of industry trends, and present loan production recommendations. They will analyze real estate appraisals, title reports, and transactions, quote rates and points, and complete follow-up activities. The role requires analyzing financial and credit data to match client needs with appropriate loan programs and risk levels. Additionally, consultants will inform customers about Wells Fargo Home Mortgage programs, rates, policies, and underwriting requirements, maintaining high client satisfaction through proactive communication. Continuous pursuit of Wells Fargo training is expected to enhance knowledge of products, policies, and procedures.

Requirements

2+ years of Mortgage Retail Sales experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
This SAFE position requires compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and all related regulations.
Individuals in Loan Originator (LO) positions must meet the Consumer Financial Protection Bureau qualification requirements and comply with related Wells Fargo policies.
The LO qualification requirements include meeting applicable financial responsibility, character, general financial fitness and criminal background standards.
A current credit report will be used to assess your financial responsibility and credit fitness, however, a credit score is not included as part of the evaluation.
Successful candidates must also meet ongoing regulatory requirements including additional screening, if necessary.

Responsibilities

Participate in soliciting residential mortgages from various sources
Produce high quality loans which are compliant and provide excellent customer service
Build relationships with realtors, builders, financial professionals, bank stores, past customers, and other non-traditional sources
Develop and maintain a high degree of visibility for Wells Fargo Home Mortgage in the marketplace; stay informed of mortgage industry trends and developments in the assigned market
Present recommendations for producing loans and exercise some independent judgment while developing understanding of and adherence to Mortgage Retail Sales functional area, policies, procedures, compliance requirements, and generating loans
Understand real estate appraisals, title reports, and real estate transactions
Receive customer applications, quote the rate and points, and complete follow-up activities with the registration lock-in; analyze and offer mortgage loan products based on client needs
Review and analyze low to moderately complex financial and credit data; match customer needs with an appropriate loan program and level of risk
Inform prospective and existing customers of Wells Fargo Home Mortgage programs, rates, policies, underwriting requirements, and loan procedures; maintain high standard of client satisfaction and quality by ensuring timely and proactive customer communication
Pursue Wells Fargo training offerings to increase knowledge of company products, policies and procedures, and underwriting requirements