Lead Commercial Loan Closing Specialist

Wells Fargo & Company•Charlotte, NC

3d•Onsite

About The Position

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Wells Fargo is seeking a Vice President Lead Commercial Mortgage Loan Administration Specialist within the Commercial Mortgage Loan & Securities Finance (CMLSF) team. This team specializes in financing various investment banks, mortgage REITs, debt funds, commercial real estate finance companies and other lenders’ acquisition/origination of commercial real estate loans. This role will work closely with the funding desk, in-house/outside legal counsel, and the deal management team. In this role, you will: Review, document and close Repurchase Facility (REPO) transactions secured by commercial real estate loans. Ensure receipt of collateral documents; coordinate transaction closings and disbursements; ensure all files and procedures are in compliance with government regulations and Bank policies; and conduct periodic file audits. Facilitate transaction fundings, disbursements and payoffs, monthly interest and principal settlements, establishment of custodial and DDA accounts, and maintenance of related files. Enter facility bookings into the system of record. Lead a variety of pre-close activities for moderately complex to complex commercial mortgage loans, including coordinating all aspects of loan closings. Accurately evaluate and upload data into the systems of record to ensure compliance with all bank policies, procedures and regulatory requirements. Assist with coordination of loan documentation that may also include documentation purchased from third party sources with internal staff and the Corporate Legal group. Evaluate and mitigate risks and develop procedural modifications. Serve as an escalation point in the resolution of internal and external client issues. Identify activities of the team to ensure conformity with established procedures. Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals. Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements.

Requirements

5+ years of Commercial Loan Closing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Candidate must be able to work in a fast-paced environment.
Strong organizational and time management skills with ability to multi-task and work in a deadline driven environment are essential.
Ability to work extra hours when necessary to service client needs.
Experience with the preparation, review and/or administration of commercial real estate loans or other comparable assets.
Excellent verbal, written and interpersonal communications skills.
Strong attention to detail and accuracy.
Ability to work effectively in a team environment.
Strong computer skills including MS Office, Outlook, Word and Excel.
Ability to travel as needed
Willingness to work on-site in accordance with current office requirements
This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents. Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired.

Nice To Haves

Project management experience preferred.
Experience with loan booking systems (such as nCino and LIQ) preferred.

Responsibilities

Review, document and close Repurchase Facility (REPO) transactions secured by commercial real estate loans.
Ensure receipt of collateral documents; coordinate transaction closings and disbursements; ensure all files and procedures are in compliance with government regulations and Bank policies; and conduct periodic file audits.
Facilitate transaction fundings, disbursements and payoffs, monthly interest and principal settlements, establishment of custodial and DDA accounts, and maintenance of related files.
Enter facility bookings into the system of record.
Lead a variety of pre-close activities for moderately complex to complex commercial mortgage loans, including coordinating all aspects of loan closings.
Accurately evaluate and upload data into the systems of record to ensure compliance with all bank policies, procedures and regulatory requirements.
Assist with coordination of loan documentation that may also include documentation purchased from third party sources with internal staff and the Corporate Legal group.
Evaluate and mitigate risks and develop procedural modifications.
Serve as an escalation point in the resolution of internal and external client issues.
Identify activities of the team to ensure conformity with established procedures.
Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals.
Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements.