Private Mortgage Banker (SAFE)

Wells Fargo Bank•Irvine, CA

About The Position

Wells Fargo is seeking a Private Mortgage Banker to solicit residential mortgages from multiple sources and produce high-quality, compliant jumbo loans while providing excellent customer service. The role builds relationships with affluent borrowers and referral sources, including realtors, builders, financial professionals, bank stores, past customers, and other non-traditional sources. The banker maintains visibility for Wells Fargo Home Mortgage in the market and stays informed about mortgage industry trends and developments in the assigned market. The position involves receiving customer applications, quoting rates and points, completing registration and lock-in follow-up, and recommending mortgage products that match client needs and risk. The banker reviews and analyzes low- to moderately complex financial and credit data; explains Wells Fargo Home Mortgage programs, rates, policies, underwriting requirements, and procedures; and maintains timely, proactive communication and strong client satisfaction. The position also requires understanding appraisals, title reports, and real estate transactions, and pursuing Wells Fargo training to build knowledge of products, policies, procedures, and underwriting requirements. This is a SAFE position involving customer contact and potentially offering or negotiating terms or taking applications for dwelling-secured transactions. Employment requires SAFE registration and compliance with applicable mortgage licensing, Loan Originator qualification, background, financial responsibility, character, and regulatory requirements. Wells Fargo initiates the SAFE registration process after the employment start date. Compensation includes an hourly base pay rate that meets or exceeds applicable minimum wage requirements, with the opportunity to earn 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 is required at the time of employment.
Loan Originators must meet Consumer Financial Protection Bureau qualification requirements 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.
For Europe, Middle East & Africa only: experience in Private Mortgage Banking Sales, or equivalent demonstrated through work experience, training, or education.

Responsibilities

Solicit residential mortgage loans 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.
Maintain visibility for Wells Fargo Home Mortgage in the marketplace and stay informed about mortgage industry trends and assigned-market developments.
Present recommendations for producing loans and exercise some independent judgment while developing understanding of applicable sales 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 offer appropriate mortgage loan products.
Review and analyze low- to moderately complex financial and credit data, match customer needs to loan programs, and assess risk level.
Inform prospective and existing customers about mortgage programs, rates, policies, underwriting requirements, and loan procedures.
Maintain client satisfaction and loan quality through timely, proactive customer communication.
Pursue Wells Fargo training to increase knowledge of products, policies, procedures, and underwriting requirements.
Meet SAFE registration, Loan Originator qualification, and ongoing regulatory requirements.
Follow applicable risk and compliance programs, policies, and procedures; escalate and remediate issues as appropriate.