Private Mortgage Banker SAFE

Wells Fargo•New York, NY

About The Position

Wells Fargo is seeking a Private Mortgage Banker (SAFE) in Consumer Lending as part of Home Lending. The role solicits residential mortgages from various sources and produces high-quality, compliant jumbo loans while providing excellent customer service. It 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 Wells Fargo Home Mortgage’s visibility in the marketplace and stays informed about mortgage industry trends and developments in the assigned market. The position involves receiving customer applications, quoting rates and points, completing follow-up activities related to registration and rate lock-in, and analyzing and offering mortgage products based on client needs. The banker reviews low- to moderately complex financial and credit data, matches customer needs to an appropriate loan program and risk level, and explains Wells Fargo Home Mortgage programs, rates, policies, underwriting requirements, and loan procedures. The role requires knowledge of real estate appraisals, title reports, and real estate transactions, as well as proactive customer communication and adherence to applicable policies, procedures, and compliance requirements. This is a SAFE position with customer contact that may involve offering or negotiating terms and/or taking applications for dwelling-secured transactions. SAFE registration is required at employment, and continued employment is contingent on meeting applicable regulatory and background requirements. Loan Originators must also meet Consumer Financial Protection Bureau qualification requirements and comply with Wells Fargo policies. Compensation includes an hourly base rate that meets or exceeds 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, education, or a combination of these.
SAFE registration is required at the time of employment; Wells Fargo initiates the registration process after the employment start date.
Must meet applicable Loan Originator qualification requirements, including financial responsibility, character, general financial fitness, and criminal background standards.
Must meet ongoing regulatory requirements, including additional screening if necessary.
Must comply with applicable Wells Fargo policies and procedures and risk and compliance obligations.

Responsibilities

Solicit residential mortgages from various sources and produce compliant, high-quality jumbo loans.
Build relationships with affluent borrowers and referral sources, including realtors, builders, financial professionals, bank stores, past customers, and other non-traditional sources.
Maintain Wells Fargo Home Mortgage visibility 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 developing understanding of applicable policies, procedures, compliance requirements, and loan-generation practices.
Understand real estate appraisals, title reports, and real estate transactions.
Receive customer applications, quote rates and points, complete follow-up activities related to registration and rate lock-in, and 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 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, and ongoing regulatory requirements.
Follow applicable risk programs and Wells Fargo policies and procedures, escalate and remediate issues, and make sound risk decisions.