Senior Home Loan Underwriter

Department Overview:

Wells Fargo US Home Lending is on a mission to help more individuals and families especially in minority communities achieve the dream of homeownership. As we enter an exciting growth phase were building a powerhouse team in Manila to be part of our pioneer workforce to deliver exceptional service drive innovation and shape the future of Home Lending Operations in the Philippines.

About this role:

Wells Fargo is seeking a Senior Home Loan Underwriter internally known as Business Accountability Specialist. We believe in the power of working together because great ideas can come from anyone. Through collaboration any employee can have an impact and make a difference for the entire company. Explore opportunities with us for a career in a supportive environment where you can learn and grow.

In this role you will:

• Participate in research assessment and documentation of matters relating to the business policy and regulatory adherence risk mitigation or control efforts; identify patterns and trends and looks for opportunities for procedural or control improvements within area of focus

• Conduct assessments and analysis of basic business or operational outcomes systems of record technical assignments documentation procedures or challenges that require research evaluation and selection of alternatives; exercise independent judgment to guide completion of medium risk deliverables

• Present concise and well-articulated findings and recommendations including rationale to facilitate resolution of identified matters; exercise independent judgment while developing expertise in the risk mitigation or control activities of the business

• Engage in additional research and studies to enhance regulatory knowledge

• Collaborate and consult with colleagues internal partners and other business stakeholders to provide feedback credibly challenge issues and calibrate as needed to ensure alignment consistency and accuracy across groups

• Participate in cross-organizational or internal operational initiatives and improvement efforts

Required Qualifications:

• 2 years of risk management business controls quality assurance business operations compliance or process experience or equivalent demonstrated through one or a combination of the following: work experience training military experience education

Desired Qualifications:

• 2 years of overall experience with previous experience within US residential mortgage underwriting environment managing varied workflows.

• Graduate in commerce/finance/management stream

• Experience in operations support or equivalent demonstrated through one or a combination of the following: work experience training education

• Strong analytical skills with high attention to detail and accuracy

• Excellent verbal written and interpersonal communication skills

• Strong stakeholder management and stateside partnership skills

Job Expectations:

• Perform in-depth review of mortgage loan file including Credit Capacity Capital and Collateral documents

• Detailed review of Credit related documents such as Credit Report from Experian/Transunion/Equifax Credit Supplements Mortgage Statement and Letter of Explanation etc.

• Detailed review of Capacity related documents such as Paystub W2 VOE Award letters and Bank Statements etc.

• Detailed review of Capital related documents such as Bank Statements Gift letter Stocks and Bonds etc.

• Detailed review of Collateral related documents such as Property Appraisal Report Flood Report and Purchase Agreement etc.

• Recommend borrowers eligibility in accordance with internal policies and procedures agency guidelines and overlays utilizing Automated Underwriting System (AUS)

• Ability to identify potential red flags relating to customer information income assets property all parties to the transaction etc.

• Analyze risks and offsets related to performing in-depth prefund loan reviews. Present recommendations for resolving various issues related to reviews and loan files

• The candidate must be willing to work within US hours

Posting End Date:

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

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 units risk appetite and all risk and compliance program requirements.

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 visitDisability 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.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.