Private Mortgage Banker (SAFE)

Wells Fargo Bank • New York, NY

6d

About The Position

Wells Fargo is seeking a Private Mortgage Banker in sales with Home Mortgages. The role solicits residential mortgage business, produces compliant, high-quality jumbo loans, and provides excellent customer service. The banker builds relationships with affluent borrowers and referral sources, develops visibility for Wells Fargo Home Mortgage in the marketplace, and stays informed about mortgage industry trends in the assigned market.

The position involves receiving customer applications, quoting rates and points, completing registration and lock-in follow-up, analyzing client needs and financial and credit information, and recommending suitable mortgage products and loan programs. The banker communicates Wells Fargo programs, rates, policies, underwriting requirements, and procedures to customers, while maintaining timely, proactive communication and a high standard of client satisfaction. The role also requires continued learning about company products, policies, procedures, and underwriting requirements.

This is a SAFE position with customer contact that may involve offering or negotiating terms and/or taking applications for dwelling-secured transactions. Employment is contingent on meeting applicable SAFE Mortgage Licensing Act, Regulation Z Loan Originator, background, financial responsibility, character, and other ongoing regulatory requirements. SAFE registration is required at the time of employment; Wells Fargo initiates the process after the start date. Compensation includes an hourly base rate meeting applicable minimum wage requirements, with the opportunity to earn additional commission.

Requirements

• At least 2 years of Private Mortgage Banking Sales experience, or equivalent demonstrated through work experience, training, military experience, or education.
• SAFE registration at the time of employment.
• Meet Consumer Financial Protection Bureau qualification requirements for Loan Originator positions and comply with related Wells Fargo policies.
• Meet applicable financial responsibility, character, general financial fitness, and criminal background standards.
• Meet ongoing regulatory requirements, including additional screening if necessary.

Responsibilities

• Solicit residential mortgage business from various sources.
• Produce high-quality, compliant jumbo loans and provide excellent customer service.
• Build relationships with affluent borrowers and referral sources, including realtors, builders, financial professionals, bank stores, past customers, and other non-traditional sources.
• Develop and maintain visibility for Wells Fargo Home Mortgage in the marketplace and stay informed about mortgage industry trends and developments in the assigned market.
• Present recommendations for producing loans and exercise some independent judgment while learning and adhering to applicable policies, procedures, and compliance requirements.
• Understand real estate appraisals, title reports, and real estate transactions.
• Receive customer applications, quote rates and points, and complete registration and lock-in follow-up activities.
• Analyze client needs and low- to moderately complex financial and credit data; offer an appropriate mortgage product, loan program, and level of risk.
• Inform prospective and existing customers about mortgage programs, rates, policies, underwriting requirements, and loan procedures.
• Maintain client satisfaction and quality through timely, proactive customer communication.
• Pursue Wells Fargo training to increase knowledge of company products, policies, procedures, and underwriting requirements.
• Meet SAFE registration, Loan Originator qualification, background, financial responsibility, character, and ongoing regulatory requirements.
• Follow applicable risk programs, policies, procedures, and compliance obligations; escalate and remediate issues as appropriate.

Benefits

• Comprehensive health benefits
• 401(k) plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement
• Competitive compensation and programs designed to support work-life balance and well-being
• Opportunity to earn additional commission

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed