Private Mortgage Banker (SAFE)

Wells Fargo Bank•New York, NY

1d•Onsite

About The Position

In this role, you will be responsible for soliciting residential mortgages from various sources and producing high-quality jumbo loans while ensuring compliance and providing excellent customer service. A key aspect of the position involves building relationships with affluent borrowers, realtors, builders, financial professionals, bank stores, and other non-traditional sources. You will also be expected to develop and maintain a high degree of visibility for Wells Fargo Home Mortgage in the marketplace, staying informed of mortgage industry trends and developments. The role requires presenting recommendations for loan production, exercising independent judgment, and adhering to Private Mortgage Banking Sales policies and compliance requirements. You will need to understand real estate appraisals, title reports, and real estate transactions, as well as receive customer applications, quote rates, and complete follow-up activities. Analyzing financial and credit data to match customer needs with appropriate loan programs is also a core function. This SAFE position involves customer contact and duties that may include offering/negotiating terms and/or taking applications for dwelling-secured transactions, requiring compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and related regulations. Ongoing employment is contingent upon meeting all such requirements, including acceptable background investigation results and Loan Originator requirements under Regulation Z.

Requirements

2+ years of Private Mortgage Banking Sales experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
SAFE registration at the time of employment
Meet the Loan Originator (LO) qualification requirements under Regulation Z, including applicable financial responsibility, character, general financial fitness and criminal background standards
Meet ongoing regulatory requirements including additional screening, if necessary

Responsibilities

Participate in soliciting residential mortgages from various sources
Produce high quality jumbo loans which are compliant and provide excellent customer service
Build relationships focused on affluent borrowers 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 Private Mortgage Banking 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