Wells Fargo Commercial Real Estate Mortgage Underwriter 2 - Commercial Mortgage Loan & Securities Finance in Charlotte, North Carolina
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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.
This position is within Commercial Mortgage Loan & Securities Finance (CMLSF) which specializes in financing various investment banks, mortgage REITs, debt funds, commercial real estate finance companies and other lenders’ acquisition/origination of commercial real estate loans.
The Commercial Real Estate Underwriter 2 will be ultimately responsible for the underwriting of both real estate finance clients and the commercial real estate loans those clients acquire or originate.
Responsibilities for this position include, but are not limited to:
Documentation and file management, including downloading, organizing and filing diligence materials for asset underwriting purposes
Review of client loan due diligence packages, including investment memos, third party reports, market information, sponsor financials, etc.
Preparing asset approval forms for new transactions, spreading asset level operating statements, property rent rolls and other applicable tasks for new transactions as well as updating underwriting database
Coordinating reviews of third party reports with the internal review team
Conducting reviews of clients’ annual and quarterly financial statements, including organizing and filing financial statements, spreading financials, as well as monitoring covenant compliance, news and related press releases in order to assess the financial strength of the clients. Incorporating such analysis into well written credit approval memorandums for review by management and senior credit officers
Performing any requested ad hoc tasks for new and existing clients, required reporting and special projects that arise
Maintaining weekly pipeline updates as well as tracking of deal progress and timing
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.
- 5+ years of experience in commercial mortgage origination, commercial mortgage underwriting, or a combination of both
Ability to develop partnerships and collaborate with other business and functional areas
Outstanding problem solving and decision making skills
Intermediate Microsoft Office (Word, Excel, and Outlook) skills
Extensive technical writing skills
A BS/BA degree or higher
Other Desired Qualifications
- Experience underwriting commercial real estate loans (office, multifamily, industrial, retail, hospitality)
Ability to travel up to 10% of the time
Ability to work additional hours as needed
NC-Charlotte: 301 S College St - Charlotte, NC
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.
Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.
Company: Wells Fargo
Req Number: 5604965
Updated: 2021-10-19 13:16:19.924 UTC
Location: Charlotte,North Carolina