Commercial Loan Closing Specialist, Wells Fargo

Wells Fargo

Location:
United States, Minneapolis

Category:
Banking

Contract Type:
Employment contract

Salary:

48100.00 - 85500.00 USD / Year

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Job Description:

Wells Fargo is seeking a Commercial Loan Closing Specialist in Flood Operations as part of Commercial Banking Operations Division. In this role, you will work pre-close documents for moderately complex to complex commercial loans, coordinate all aspects of loan closings, perform customer, loan and regulatory diligence, and ensure compliance with all bank policies, procedures and regulatory requirements.

Job Responsibility:

Work pre-close documents for moderately complex to complex commercial loans
Coordinate all aspects of loan closings
Perform customer, loan and regulatory diligence
Accurately evaluate and upload data into the systems of record
Ensure compliance with all bank policies, procedures and regulatory requirements
Review and prepare complex loan documents
Coordinate legal activities for loan documentation that may include Document purchased from third party sources, with internal staff and the Corporate Legal group
Serve as primary liaison between Credit, Sales, and Legal departments
Work collaboratively with Credit, Sales and Legal regarding proper procedures and documentation requirements necessary to ensure accuracy with negotiated terms and ensure alignment with appropriate compliance standards
Review and negotiate complex legal documentation, evaluate risks, devise strategies to mitigate documentation risk and identifying procedural modifications
Provide guidance and training to peers
Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
Interact with internal customers
Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements

Requirements:

2+ years of Commercial Loan Closing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Knowledge and understanding of commercial real estate loans & the ability to review and interpret complex commercial loan documents
Ability to prioritize work to meet deadlines, and work under pressure in a dynamic and complex environment
Experience managing a moderately complex pipeline of work from assignment to completion
Ability to work effectively in a team environment and across all organizational levels
where flexibility, collaboration, and adaptability are important
Ability to navigate multiple computer systems/applications, and utilize search tools to find information
Excellent critical thinking and problem-solving skills, as well as the ability to embrace and adapt to change
Sound attention to detail and accuracy
Advanced Microsoft Office skills
Experience with financial services businesses in a regulated environment
Understanding of FEMA (Federal Emergency Management Agency) Guidelines, NFIP (National Flood Insurance Program), FDPA (Flood Disaster Protection Act) Requirements and/or Flood regulations

Nice to have:

Knowledge and understanding of commercial real estate loans & the ability to review and interpret complex commercial loan documents
Ability to prioritize work to meet deadlines, and work under pressure in a dynamic and complex environment
Experience managing a moderately complex pipeline of work from assignment to completion
Ability to work effectively in a team environment and across all organizational levels
where flexibility, collaboration, and adaptability are important
Ability to navigate multiple computer systems/applications, and utilize search tools to find information
Excellent critical thinking and problem-solving skills, as well as the ability to embrace and adapt to change
Sound attention to detail and accuracy
Advanced Microsoft Office skills
Experience with financial services businesses in a regulated environment
Understanding of FEMA (Federal Emergency Management Agency) Guidelines, NFIP (National Flood Insurance Program), FDPA (Flood Disaster Protection Act) Requirements and/or Flood regulations

What we offer:

Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement

Additional Information:

Job Posted:
May 01, 2025

Expiration:
May 05, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Commercial Loan Closing Specialist