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Wells Fargo

Nationwide banking and financial services

Private Mortgage Banker

Retail & Commercial BankingConfirmed live in the last 24 hours
Full-timeBellevue, WA, USAIn-person

About the Job

Requirements

  • At least 2 years of Private Mortgage Banking Sales experience, or equivalent demonstrated through work experience, training, military experience, or education.
  • Basic Microsoft Office skills.
  • Documented retail residential mortgage fundings over the past 12 months referred primarily from established local external sources.
  • Knowledge and understanding of sales prospecting and generating referrals.
  • Customer service experience.
  • Experience working with high-net-worth clients.
  • Mortgage industry experience.
  • The position requires SAFE registration at the time of employment; continued employment is contingent on meeting SAFE Mortgage Licensing Act requirements and acceptable background investigation results.
  • Loan Originators must meet Consumer Financial Protection Bureau qualification requirements and comply with related company policies, including applicable financial responsibility, character, general financial fitness, criminal background, credit fitness, and ongoing regulatory screening standards.
  • Complete formal position-specific training programs.
  • Have reliable transportation.
  • Be able to work nights, weekends, and/or holidays as needed or scheduled.

Responsibilities

  • Solicit residential mortgages from various sources.
  • Produce compliant, high-quality jumbo loans and provide excellent customer service.
  • Build relationships with affluent borrowers and with realtors, builders, financial professionals, bank stores, past customers, and other non-traditional sources.
  • Develop and maintain visibility for Wells Fargo Home Mortgage in the marketplace and stay informed of mortgage industry trends and developments in the assigned market.
  • Present recommendations for producing loans and exercise independent judgment while developing understanding of and adherence to Private Mortgage Banking Sales policies, procedures, compliance requirements, and loan-generation practices.
  • Understand real estate appraisals, title reports, and real estate transactions.
  • Receive customer applications, quote rates and points, complete follow-up activities related to registration lock-in, and analyze and offer mortgage loan products based on client needs.
  • Review and analyze low- to moderately-complex financial and credit data, matching customer needs with an appropriate loan program and risk level.
  • Inform prospective and existing customers about mortgage programs, rates, policies, underwriting requirements, and loan procedures; ensure timely, proactive communication and maintain client satisfaction and quality.
  • Pursue company training offerings to increase knowledge of products, policies, procedures, and underwriting requirements.
  • Meet the Loan Originator requirements under Regulation Z for duties that may include offering or negotiating terms and taking applications for dwelling-secured transactions.
  • Follow applicable risk and compliance programs, policies, procedures, escalation, and remediation obligations, and make risk decisions consistent with business-unit risk appetite.

Desired Qualifications

  • Excellent verbal, written, and interpersonal communication skills.

About the Company

Wells Fargo

Nationwide banking and financial services

Wells Fargo provides banking, investment, and payment services across the United States. Its products include checking and savings accounts, loans, credit cards, wealth management, and payment solutions that work through branches, online and mobile platforms, and an extensive network of branches and ATMs to move money and manage accounts. The bank leverages a long West-to-Midwest footprint and an integrated suite of banking, investment, and payments, reflecting its evolution from 1852 and the 1998 Norwest merger that adopted the Wells Fargo name. Its goal is to help customers manage money, grow wealth, and pay and transfer funds safely and reliably for individuals, small businesses, and institutions.

Company size
10,001+
Company stage
IPO
Headquarters
San Francisco, CA
Founded
1851

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