Mortgage Retail Sales Consultant - Safe
About the job
- At least 2 years of Mortgage Retail Sales experience, or equivalent demonstrated through work experience, training, military experience, or education.
- SAFE registration is required at the time of employment, along with applicable Loan Originator qualification and regulatory requirements.
- Meet applicable financial responsibility, character, general financial fitness, and criminal background standards.
- Reliable transportation.
- Ability to work nights, weekends, and/or holidays as needed or scheduled.
- Solicit residential mortgages from various sources.
- Produce high-quality, compliant loans and provide customer service.
- Build relationships with realtors, builders, financial professionals, bank stores, past customers, and other non-traditional sources.
- Maintain visibility for Wells Fargo Home Mortgage in the marketplace and stay informed about mortgage industry trends and developments in the assigned market.
- Present recommendations for producing loans and exercise independent judgment while adhering to 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 registration lock-in follow-up activities, 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 level of risk.
- Inform prospective and existing customers about mortgage programs, rates, policies, underwriting requirements, and loan procedures.
- Maintain customer satisfaction and loan quality through timely and proactive customer communication.
- Complete Wells Fargo training to increase knowledge of company products, policies, procedures, and underwriting requirements.
- Meet SAFE Mortgage Licensing Act requirements and applicable Loan Originator requirements under Regulation Z.
- Fulfill applicable risk and compliance obligations, including following policies and procedures, escalating and remediating issues, and making sound risk decisions.
- Basic Microsoft Office skills.
- Experience with retail residential mortgage, including purchase fundings over the past 12 months referred primarily from established local or external sources.
- Experience educating clients on various mortgage programs.
- Excellent verbal, written, and interpersonal communication skills.
- Mortgage industry experience.
- Knowledge and understanding of sales prospecting and generating referrals.
- Experience developing and cultivating professional relationships.
- Bilingual speaking proficiency in Spanish and English.
- Customer service experience.
About the company
Wells Fargo provides banking, investment, and payment services to individuals, businesses, and institutions. Its products include checking and savings accounts, loans, credit cards, wealth management, and payments, accessible through branches, online and mobile platforms, and full payment rails. The company combines a wide national footprint with a long history and a business model that integrates banking, investment, and payments, supported by a large network of branches and ATMs. Its goal is to help customers manage money, grow wealth, and move funds safely and reliably.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Francisco, California
Founded
1851
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Simplify's Take
What believers are saying
- Q2 2026 revenue rose 9% and net income reached $6.4 billion.
- First-half 2026 loans grew 12%, driven by credit cards, autos, and commercial lending.
- March 2026 Fed termination of its enforcement action freed Wells Fargo's growth trajectory.
What critics are saying
- Two OCC orders still linger in 2026, keeping compliance scrutiny and remediation costs alive.
- July 2026 layoffs in Iowa passed 300 jobs, signaling relentless cost cuts and morale damage.
- A revived fee-driven growth model recreates misconduct incentives if sales pressure outruns controls.
What makes Wells Fargo unique
- June 2025 asset-cap removal lets Wells Fargo grow loans, deposits, and markets balance sheet.
- Fargo passed 1 billion interactions by March 2026, proving scalable digital engagement.
- Q2 2026 investment banking fees hit $939 million, showing credible capital-markets regain.
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Benefits
Health Insurance
401(k) Retirement Plan
Paid Vacation
Paid Sick Leave
Parental Leave
Disability Insurance
Life Insurance
Tuition Reimbursement
Commuter Benefits
Adoption Assistance
Company News
Workday has expanded its revolving credit facility from $1.0 billion to $1.5 billion under a new multi-bank agreement led by Wells Fargo. The facility, which entered into effect on 1 October 2026, replaces the company's previous credit agreement from April 2022. The new credit agreement runs until October 2031, with options for limited one-year extensions. It supports multi-currency borrowing in US dollars and approved foreign currencies, with no revolving loans outstanding as of the closing date. The facility features a maximum leverage ratio of 3.50 to 1.00, with flexibility up to 4.50 to 1.00 following certain qualified acquisitions. Interest and fee structures are tied to either Workday's consolidated leverage ratio or its senior unsecured debt ratings.
CTO Realty Growth has closed a $1.0 billion unsecured credit facility, extending its debt maturity profile and increasing total commitments by $250 million. The Winter Park, Florida-based owner and operator of open-air shopping centres will use proceeds to repay outstanding borrowings under its previous $300 million revolving credit facility and two term loans. The new facility comprises a $400 million revolving credit facility due September 2030 and four term loans ranging from $150 million each, maturing between September 2029 and March 2032. The refinancing increases the company's weighted average debt maturity to 4.3 years from 1.6 years. Initial fixed interest rates on the term loans range from 3.4% to 5.3%, based on applied SOFR swaps. The facility was provided by a syndicate led by KeyBank National Association.
Tesla has secured $30 billion in new credit facilities through three agreements dated 29 September 2026. The package includes a $20 billion three-year delayed draw term loan facility with Citibank as administrative agent, plus an $8 billion five-year revolving credit facility and a $2 billion 364-day revolving credit facility, both administered by Wells Fargo Bank. The delayed draw term loan permits up to ten withdrawals within 18 months, with available commitments stepping down over time. The revolving facilities support borrowings in US dollars, pounds sterling, or euros, and can be expanded by up to $4 billion. Tesla may use proceeds for general corporate purposes. No amounts were drawn as of 29 September, and the company does not plan to draw on the facilities in 2026. Tesla terminated its existing $5 billion revolving credit agreement with no outstanding borrowings or penalties.
Wells Fargo Investment Institute has upgraded the S&P 500 Industrials sector from neutral to favourable, reversing a downgrade made in July 2026. Since that downgrade, Industrials underperformed the broader S&P 500 Index by approximately 7.8% through 24 September 2026. The firm cited the sector's positioning at the centre of several investment cycles. AI infrastructure continues driving demand for power generation, grid equipment, electrical systems, and construction machinery. Existing backlogs provide visibility into early 2027 for shorter-cycle equipment and into 2030 or later for power-generation markets. Wells Fargo expects increased infrastructure and defence spending, manufacturing reshoring, and commercial aerospace demand to broaden participation beyond early AI beneficiaries. The analysts noted strong pricing power and extended backlogs should help leading companies absorb near-term cost pressures.
The Federal Reserve raised interest rates by 25 basis points to 3.75–4% on 16 September 2026, its first increase since July 2023. The move could support Wells Fargo's net interest income (NII), as higher rates typically allow banks to earn greater yields on loans and interest-earning assets. Wells Fargo's NII rose 5.2% year-over-year in the first half of 2026, driven by lower deposit costs and stronger loan balances. The Fed's removal of the bank's asset cap in June 2025 has given Wells Fargo additional flexibility to expand lending. However, higher deposit costs and potential credit demand weakness may limit gains. Wells Fargo expects 2026 NII of $50 billion.