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Wells Fargo Home Mortgage Work Values
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Daily Duties at Wells Fargo Home Mortgage:
Second level reviewed files for new or lesser level underwriters to determine their ability to receive or advance their underwriting authority. Manually underwrote conventional (including HARP, Renovation loans, High Balance, Non-conforming, and CEMA) FHA, USDA, FHA Bond loans and other products as assigned. Reviewed income calculations, extensive review of tax returns (1040s, 1120s,1065s and k1s) to determine adequacy of income, performed cash flow analysis and rental income calculations. Reviewed type and adequacy of assets, if required for loan closing. Reviewed company underwritten appraisals. Ensured compliance with investor, state and federal guidelines. Corrected errors in the lending system, re-ran AUS as required, and issued approval , decline or suspense of loan. Analyzed underwriter performance and entered conclusions/critique into Regional Underwriting Authority database. Issued pass or no-pass conclusions of test case to candidate and their manager. Provided critique to candidates , while mentoring and coaching on required improvements, as necessary. Performed analysis on 7 to 8 test cases per day.
What they like about Wells Fargo Home Mortgage:
A hiring company that offers alternative approaches to pay, performance bonuses, and/or equity in the firm is very attractive to you. You're generally less interested in working for an organization offering only traditional, salary-based compensation, one with limited opportunity to acquire equity in the firm, or one that does not actively promote skill development. In addition, you are more likely to choose a company that offers a variety of internal career options, with defined career paths. You view the learning of new skills and development of your expertise as key to your career advancement. These aspects of an organization may become even more important to you as you progress in your field, and are especially critical if you change career or occupation.
Tags
FHA, VA, conventional, underwriting, HARP, HAMP, training and mentoring, management, risk management, auditor, Loss mitigation, Subject matter expert, DE Underwriter
Skills
Information about Wells Fargo Home Mortgage
Company Rank: 4.0 out of 5
Average length of employment : 1 year
Average salary of employees: $65,000
These are some of the questions we asked our climbers about their experiences with Wells Fargo Home Mortgage:
| 05| | ||
| Were your performance expectations clearly communicated? | 5.0 |
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| Were you recognized for meeting or exceeding expectations? | 4.0 |
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| Did you feel like your personal contribution was important? | 3.0 |
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| Was your career path clearly outlined and discussed? | 3.0 |
| 03| | ||
| I would recommend this as a place of employment. | 3.0 | |
| I believe in the purpose of this organization. | 3.0 | |
| I would work for this organization again. | 3.0 | |
| I feel employees are fairly compensated. | 2.0 |
