Wells Fargo-posted 7 months ago
$22 - $33/Yr
Full-time • Entry Level
Minneapolis, MN
Credit Intermediation and Related Activities

Wells Fargo is seeking a Underwriting Associate in Consumer Lending for Private Label Credit Cards. In this role, you will be responsible for reviewing, analyzing, approving, and underwriting routine individual consumer requests and products with few deviations and within company and industry guidelines. You will review credit applications, credit bureau information, collateral valuation, tax returns, financial statements, or other supporting documentation to recommend or approve requests within deaccessioning authority levels by way of automated scoring system or traditional underwriting. Additionally, you will assist with the calculations and preparation of reports for review, respond to customer inquiries and credit decisions, ensure credit files are current, complete, and compliant with company standards, and contact customers and partners to gather information to make appropriate decisions, explaining the rationale behind credit decisions. You will receive direction from leaders and exercise judgment while developing an understanding of the Underwriting procedures, providing information to team, managers, and customers related to inquiries.

  • Review, analyze, approve, and underwrite routine individual consumer requests and products.
  • Review credit applications, credit bureau information, collateral valuation, tax returns, financial statements, or other supporting documentation.
  • Recommend or approve requests within deaccessioning authority levels.
  • Assist with the calculations and preparation of reports for review.
  • Respond to customer inquiries and credit decisions.
  • Ensure credit files are current, complete, and compliant with company standards.
  • Contact customers and partners to gather information for decision-making.
  • Explain rationale behind credit decisions.
  • Receive direction from leaders and exercise judgment in underwriting procedures.
  • Provide information to team, managers, and customers related to inquiries.
  • 6+ months of underwriting, loan processing, originations, or closing experience, or equivalent demonstrated through work experience, training, military experience, or education.
  • Underwriting experience of unsecured loans/products.
  • Banking experience.
  • Knowledge and understanding of outbound calling and assessing customer needs.
  • Strong telephone etiquette skills.
  • Great attention to detail and good decision-making skills.
  • Strong communication skills.
  • 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
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