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Associate - Commercial Mortgage Underwriting (Real Estate Capital Markets)

Company: Wells Fargo
Location: Charlotte
Posted on: November 23, 2021

Job Description:

Job DescriptionImportant Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. --In order to receive text message invitations, your profile must include a mobile phone number designated as ---Personal Cell--- or ---Cellular--- in the contact information of your application.--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.Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.Commercial Real Estate (CRE) is part of Corporate and Investment Banking (CIB), one of five CEO-led businesses for Wells Fargo. CRE operates globally to deliver a comprehensive platform of financing and banking products for experienced commercial real estate companies including balance sheet lending, CMBS origination and distribution, loan servicing, agency financing for multifamily properties, and debt and equity capital for affordable housing. In addition to being the #1 CRE lender in the U.S., Wells Fargo CRE has also earned other notable accolades, including being the #1 Affordable Housing Lender and the #1 Commercial Mortgage Servicer.Real Estate Capital Markets (RECM) specializes in originating commercial real estate loans intended for CMBS securitization or that will be held on the Bank---s balance sheet. The group originates loans in all major markets across the US on varying property types and with loan amounts ranging from $1 million to $1B.The Commercial Mortgage Underwriting Associate will perform basic and advanced functions to support commercial real estate loan origination, underwriting and/or real estate analysis, underwriting and/or marketing functions (e.g., due diligence, document processing, research, financial/statistical analysis, etc.) related to transactions.Responsibilities for this position include, but are not limited to:

  • Working with higher level staff to understand client needs and requirements and coordinates efforts to service clients by working closely with underwriting, pricing, and loan administration departments
  • Working directly with brokers and borrowers to prepare underwriting models for loan analysis
  • Developing and maintaining knowledge of loan products and provide market intelligence to maintain competitive edge.
  • Ensuring collected data meets property level data
  • Preparing asset summary reports and credit memos for senior management and credit partner review
  • Monitoring credit agreement complianceEmployees 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.Required Qualifications
    • 3+ years of experience in one or a combination of the following: commercial real estate lending, multifamily real estate lending, or commercial mortgage backed securitiesDesired Qualifications
      • Strong technical writing skills
      • Strong analytical skills with high attention to detail and accuracy
      • Financial analysis research, underwriting, and due diligence experience; related to multi family properties or commercial mortgage backed securities originations
      • Ability to develop and maintain knowledge and understanding of loan products and provide market intelligence to maintain competitive edge
      • Knowledge and understanding of bank, Government Sponsored Enterprise (GSE), and Commercial Mortgage Backed Securities lending programs and credit policies
      • A BS/BA degree or higher
      • Ability to achieve high production and quality standards
      • Ability to address and resolve complex customer issues
      • Ability to articulate issues, risks, and proposed solutions to various levels of staff and management
      • Ability to be proactive, innovative and creative in meeting customer and enterprise needs
      • Excellent verbal, written, and interpersonal communication skills
      • Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
      • Outstanding problem solving and decision making skillsJob Expectations
        • Ability to work additional hours as needed
        • Ability to travel domesticallyStreet AddressNC-Charlotte: 550 S Tryon St - Charlotte, NCDisclaimer
          All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.Relevant military experience is considered for veterans and transitioning service men and women.Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.Benefits SummaryBenefits--Visit benefits information.

Keywords: Wells Fargo, Charlotte , Associate - Commercial Mortgage Underwriting (Real Estate Capital Markets), Other , Charlotte, North Carolina

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