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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:
The social vibrance of a hiring firm is very important to you. Your ability to make and maintain friendships there is a critical part of your decision. You would likely be dissatisfied with a workplace that is quiet, cold, or otherwise not particularly social. When you investigate a new hiring company, ask recruiters, managers, and potential co-workers about the social life and opportunities there. This is especially important when you are relocating; moving dramatically alters your social sphere both inside and outside the workplace.
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 |
