Ds Cnsmr Ln Underwtr 1 (rbc)
Wells Fargo s Consumer Lending Group (CLG) is an industry leader in supporting homeowners and consumers. We put customers at the center of all that we do. We make every decision and design every product and service with our customers in mind. If it s not good for our customers, then it s not good for Wells Fargo.
It starts with you. We must attract, develop, retain and motivate the most talented people those who care and who work together as partners across business units and functions. We believe everyone on our team is important and deserves respect for who they are and how they contribute to our success.
The CLG team includes our home mortgage, home equity, consumer credit card, personal loans and lines, direct auto, dealer services and commercial auto, retail services and education financial services businesses.
Our Dealer Services Team: Supports one of the nation s leading auto lenders. The team offers integrated financial services solutions designed primarily for the auto dealer community, providing financing and related services to both dealers and consumers nationwide.
Reporting to the Regional Business Center Lending Manager, the Consumer Loan Underwriter is responsible for the full spectrum lending activity within the Region. This person is responsible for making prudent credit decisions within its established approval/exception guidelines, in compliance with all state and federal regulations, and in adherence to all Wells Fargo Dealer Services Core Auto Lending practices, policies, and procedures. The Credit Analyst will partner with the other departments within the Region to establish, maintain, and enhance dealer relationships.
Analyzes information received from credit applications and credit reporting agencies to make prudent credit decisions.
Negotiates terms and conditions of loan decisions with dealers within established approval/exception guidelines, leveraging risk versus reward, to ensure credit quality and profitability. Makes exceptions to normal guidelines when necessary.
Conducts customer interviews and investigations on non-prime credit applications to gather and document information pertaining to making credit decisions.
Monitors dealer productivity and calls dealers for approvals and follow-up on pending contracts to increase capture and conversion ratios.
Establishes dealer relationships by building rapport through telephone and field calls.
Develops and analyzes credit goals and communicate strategies to dealers to accomplish said goals.
Coordinates with the Operations Department to examine and evaluate proper documentation for funding.
Partners with the Collections Department to resolve dealer collection issues.
Actively participates in regularly scheduled staff meetings to communicate/share trends, P&P, goals, updates, and other pertinent information with team members and managers.
Other duties as assigned.
6+ months experience in underwriting, processing, origination or closing or BA/BS.
6+ months of financial experience.
Requires strong analytical and problem solving skills with the ability to underwrite loans and ability to read credit reports.
Must be service oriented and possess strong written and verbal communication skills.
Requires the ability to successfully negotiate business transactions with associated vendors.
Knowledge of state and federal lending regulations.
Experience with the credit processing system, and able to receive/transmit written communications with internal or external contacts.
Knowledge of Wells Fargo Dealer Services Core Auto Lending practices, policies, and procedures.
Knowledge of all Wells Fargo Dealer Services products and services.
Wells Fargo & Company is a financial holding company and a bank holding company. It is a diversified financial services company. It...