Wells Fargo is seeking a Commercial Loan Closing Representative
In this role, you will:
Support pre-close documents for moderately complex to complex commercial loans
Seek ways to improve aspects of loan closing and process''s
Perform moderately complex legal activities for loan documentation that may include Documents purchased from third party sources, internal staff and corporate legal groups
Review and prepare complex loan documents
Receive direction from supervisor and escalate non-routine questions
Review and negotiate complex legal documentation, evaluate risks, devise strategies to mitigate documentation risk and identify procedural modifications
Interact with immediate team and Commercial Loan Closing group as well as Interact with internal customers
Required Qualifications:
1+ year of Commercial Loan Closing support experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
Monitor and maintain compliance with flood insurance requirements throughout the life of the loan.
Review loan files and system records to ensure accurate flood zone determinations and documentation.
Track and update flood insurance coverage, including renewals and lapses, to meet regulatory standards.
Meet goals related to SLA performance targets, Productivity targets Quality scores, based on established targets for each areaSupport internal and external customers with inquiries and complaints regarding flood insurance requirements
Monitor collateral and preparing payoff letters, releasing collateral
Receive direction from supervisors, and escalate non-routine customer concerns to experienced individuals
Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
Knowledge and understanding of the Flood Disaster Protection Act (FDPA)
Ability to review and interpret complex commercial loan documents
Knowledge and understanding of flood insurance policy requirements, contents value and appraisals
Knowledge and understanding of Private flood insurance policies
Knowledge and understanding of National Flood Insurance Program (NFIP) insurance policies
Knowledge and understanding of Flood insurance documentation
Knowledge and understanding of FEMA (Federal Emergency Management Agency)