At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

About this role:

Wells Fargo is seeking Commercial Mortgage Loan Administration Specialist to join our McLean, VA Commercial Real Estate team. The ideal candidate will be responsible for an assigned multifamily portfolio of FHA/HUD loans. Learn more about our career areas and lines of business at wellsfargojobs.com.

In this role, you will:

• Participate in less complex initiatives and identify opportunity for process improvements for timely processing of all incoming business lending within Transaction and Processing
• Review and analyze basic business, operational, or technical assignments or challenges that require research, evaluation, and selection of alternatives, and exercise independent judgment to guide medium risk deliverables
• Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the function, policies, procedures and compliance requirements for loan approval documents
• Collaborate and consult with functional colleagues, internal partners and stakeholders, including internal and external customers if applicable
• Work with both origination and central analysts in the preparation of loan approval documents

Job Responsibilities include:

• Analyzing escrow accounts, including performing manual escrow calculations and ensuring accurate escrow collection
• Monitoring delinquent or defaulted mortgage payments, including accurate and timely reporting on loan status and working with borrower towards resolution
• Processing HUD reserve withdrawal requests, including working with HUD to verify approval of HUD-9250 form
• Consistently and accurately document loan information in the appropriate system of record
• Reviewing mid to high complex loan documents
• Recommending and implementing continuous quality and process improvement within the operation department
• Ensuring effective management of quality control processes
• Managing information flow into, within and from the team related to systems, policies, procedures, process changes, reports, data cleanup, etc.
• Gathering and analyzing data for reporting to external and internal parties, ensuring all data is up-to-date and accurate
• Reviewing, interpreting, and understanding agency guidelines, including adapting processes and procedures to reflect changes to policy
• Assisting with other duties as assigned

Required Qualifications:

• 2 years of Transactions and Processing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 2 years of multifamily mortgage experience, preferably in agency servicing (FHA, Fannie Mae, or Freddie Mac)
• Ability to search, compile, and perform analysis on critical operational data
• Ability to work independently and develop strategic recommendations to resolve novel issues and concepts encountered in loan portfolio
• Astute at leveraging technology to extract data from source systems, translate to information, and utilize to determine course of action
• Excellent organizational skills and the ability to multitask while prioritizing workflow to meet production deadlines
• Possess expert-level technical, critical thinking, problem solving and decision-making skills
• Excellent written and verbal communication skills
• Experience with commercial real estate loan documents requirements, including multi-layered financing for both multifamily and healthcare properties
• Familiarity with McCracken, Strategy Servicing System
• Bachelor’s degree desired; with some graduate degree work

Posting Locations: McLean, VA

Pay Range: Charlotte, NC: $60,800 - $108,200

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.