FAQs
What is the primary role of a Loan Documentation Processor at Wells Fargo?
The primary role involves performing a variety of loan documentation duties on moderately complex loans to ensure compliance with company policies and procedures for loan products.
What qualifications are required for this position?
Candidates must have 2+ years of U.S. residential mortgage experience in underwriting, processing, or post-closing, along with mandatory Wage Earner Income calculation experience, and a degree in commerce, finance, or management or equivalent.
What skills are desired for applicants to this role?
Desired skills include basic Microsoft Office skills, excellent verbal and written communication skills, strong analytical skills with attention to detail, initiative to drive results, and the ability to prioritize work and meet deadlines in a fast-paced environment.
What are the work hours for this position?
The candidate must be willing to work within U.S. hours, typically between 6:30 PM to 3:30 AM and 8:30 PM to 5:30 AM Indian Standard Time.
How does Wells Fargo approach diversity and inclusion in hiring?
Wells Fargo values diversity, equity, and inclusion in the workplace and welcomes applications from all qualified candidates regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, and other protected statuses.
Is prior mortgage experience mandatory for this role?
Yes, 2+ years of experience in U.S. residential mortgage components of underwriting, processing, or post-closing is mandatory.
What responsibilities does the Loan Documentation Processor have regarding loan reviews?
The responsibilities include performing in-depth prefund loan reviews, validating transactions, reviewing various credit, capacity, capital, and collateral documents, and ensuring compliance with guidelines and policies.
What steps should be taken if an applicant needs medical accommodations during the application process?
Applicants can request a medical accommodation during the application or interview process by visiting the Disability Inclusion section at Wells Fargo.
Are there opportunities for development and training for new Loan Documentation Processors?
Yes, the role includes managing an assigned pipeline of loans and providing guidance and training to other Loan Documentation staff.
What is expected of employees regarding risk and compliance at Wells Fargo?
Employees are accountable for executing all applicable risk programs, adhering to Wells Fargo policies and procedures, fulfilling compliance obligations, and making sound risk decisions appropriate to the business unit's risk appetite.