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About this role:
Wells Fargo is seeking a highly skilled and motivated Agency Loan Deal & Securitization Specialist to join our dynamic team. In this role, you will play a pivotal part in executing and managing agency loan deal transactions and securitizations. The ideal candidate will have a strong understanding of the securitization process, particularly in the agency loan space. You will support a portfolio of securitization transactions and products in an asset management capacity and perform Portfolio Management functions associated with monitoring the performance of a multifamily loan throughout its life, commencing with the initial funding and continuing until satisfaction of the debt or transfer to a special servicer pursuant to investor guidelines. This role involves a wide range of responsibilities, from execution of deal documentation to portfolio management and risk analysis. You will work closely with various internal and external stakeholders including legal counsel to ensure the successful completion of deal securitizations. Learn more about our career areas and lines of business at wellsfargojobs.com.
In this role, you will:
Manage the securitization process
Coordinate and communicate with the securitization team to ensure smooth execution of the securitization process
Monitor, analyze, and report property level operating performance, risk ratings, perform property physical inspections/assessment of on-site management staff/local market conditions, watchlist monitoring, and processing of lender consents
Serve as the primary relationship contact for the Borrower/ property management agent, providing customer service, first-line management and due diligence of the loan portfolio in compliance with investor requirements
Review and negotiate deal documentation for accuracy and completeness including the pooling and servicing agreement and sub-servicing agreement
Work closely with the legal and internal teams, including compliance teams, to ensure adherence to all servicing standards and regulatory requirements, including those from agencies like Fannie Mae and Freddie Mac
Respond to various internal and external inquiries and requests for information
Stay updated on industry standards including regulations and best practices
Prepare periodic reports for internal stakeholders
Be involved in special projects, such as system implementations, process improvements, and due diligence reviews as needed
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.
Required Qualifications:
5+ years of Commercial Real Estate Portfolio Management and underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Skills:
Exceptional understanding of mortgage finance and securitization principles
Advanced understanding of agency loan products
Excellent analytical and problem-solving skills
Strong communication and interpersonal skills
Ability to work under pressure and meet tight deadlines
Experience with loan servicing and asset management
Proficiency in relevant software, including: Excel, PowerPoint, and specialized securitization software
Posting Locations:
550 South Tryon Street, Charlotte, North Carolina
1751 Pinnacle Drive, Mclean, Virginia
Required locations listed above. Relocation assistance is not available for this position
This position is not eligible for Visa sponsorship.
This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
Posting End Date:
1 Dec 2024*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.
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.