About This Role
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 do