About This Role
Wells Fargo is seeking a Senior Commercial Real Estate Underwriting Coordinator.
In This Role, You Will
- Support the Commercial Real Estate Underwriting functional area in servicing, underwriting, and asset management
- Work with individuals in more experienced roles to understand client needs and coordinate efforts to service clients by working closely with different departments in the Commercial Real Estate Underwriting functional area
- Perform moderately complex administrative, transactional, operational, and customer support tasks related to Commercial Real Estate Underwriting functional area
- Review credit reports from borrowers and ensure collected data meets all the regulatory requirements
- Receive direction from supervisor to understand client needs and provide services to achieve customer satisfaction
- Interact with immediate team and functional area on daily operational activities
- Interact with external customers to understand their needs
Required Qualifications
- 4+ years of more experienced Commercial Real Estate Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications
- Master Degree in Accounting and Finance.
- Any professional Finance/Accounting/Economics certification would be a plus.
- Experience in CRE / Multifamily Capital - Prescreening and Underwriting business.
- Underwriting mortgage experience in conventional & FHA products.
- Strong knowledge in Government Sponsored Entities (Fannie Mae and Freddie Mac) and their underwriting procedures.
- Strong Knowledge in Commercial Real Estate domain.
- Strong knowledge in 3rd party documents i.e., Appraisal, PCR, ESA, Flood Determination.
- Strong MS Excel, PPT, Visio knowledge is mandatory.
- Ability to accurately process high volumes of work within established deadlines.
- Ability to work effectively as part of a team to meet targets.
- Excellent English comprehension and written communication skills.
- Flexibility towards work on different processes/assignments
Job Expectations
- Ability to analyze and process property financial statement and loan related documents (e.g. rent roll, historical operating statements, appraisal reports collections and budget)
- Monitoring and analyzing the property performance based on Tenants details, Property Cash Flows and providing the necessary recommendation to Prescreening/Underwriting team. Analyze historical cash flows and develop proforma based on historical performance of the property and relevant market data.
- Analyze and validate the loan documents and share all the inconsistencies to Reviewer/onshore as per the agreed procedure.
- Review third party documents, such as appraisal, site inspection report, property condition assessment report to infer overall performance of the property and identify significant factors which may impact the transaction.
- Update system of records with loan and collateral data with accuracy and understanding.
- Document and synthesize all findings based on above mentioned reviews
- Ability to work on multiple process and flexible to work beyond the work timelines to complete the tasks.
- Reviewing associate deals and providing timely feedback for team members.
- Closely working with Risk partners in respect to avoid/mitigate any loopholes in the process and always adhere to the company polices.
- Ability to work closely with onshore partners with respect to any escalations and resolve on ASAP basis.
- Prepare Performance Report for team members and Monthly & Weekly reports for onshore partners.
- Ability to groom new team members.
- Work with individuals in more experienced roles to understand client needs and coordinate efforts to service clients by working closely with different departments in the Commercial Real Estate Underwriting functional area.
- Receives feedback openly from others post implementation of learning experience.
- Achieve/Exceed the set quality/productivity targets.
Reference Number
R-524960
