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Loan Workout Specialist

https://www.wellsfargo.com/ Logo

Wells Fargo

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Location:
United States, West Des Moines

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Category:
Banking

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Contract Type:
Employment contract

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Salary:

Not provided

Job Description:

Wells Fargo is seeking a Loan Workout Specialist to be part of Legal Remedies Team in Collections and Servicing in Unsecured Lending Operations (ULO). This role works within the Legal Center of Excellence and will handle lawsuit strategy, discovery, affidavit/agreement process and may provide witness testimony at trial.

Job Responsibility:

  • Managing a large case load of Affiant/Notary responsibilities, including some moderate to complex contested litigation cases
  • Handle lawsuit strategy, discovery, affidavit/agreement process and may provide witness testimony at trial
  • Establish quality collection efforts
  • Detailed skip tracing including the ability to effectively strategize within the legal lifecycle
  • Provide support to internal and external customers in complex initiatives relating to collection portfolios data to reduce delinquency and restructuring of loans
  • Evaluate risk and analyze account information including financial statements and total relationship
  • Coordinate initial loan renewal process and negotiate with borrower or attorneys to determine workout solutions
  • Restructure supervised loans, recover charged off loans and research account equity
  • Conduct research and determine resolution for title and collateral perfection issues
  • Review and research complex operational challenges
  • Monitor portfolio for policy compliance and adhere to risk rating
  • Identify opportunities for process improvements
  • Present recommendations for resolving complex situations
  • Coach and assist less experienced colleagues
  • Provide issue specific training and participate in departmental projects

Requirements:

  • 2+ years of Loan Workout, Commercial Lending experience, or equivalent demonstrated through work experience, training, military experience, education
  • 1+ years' experience interpreting and researching Account Level Loan Origination Documentation and/or Legal Documents
  • Proven experience with Credit Card, and/or Personal Lines and Loans
  • Experience using Enterprise Collections and Recovery System (ECAR)
  • Strong attention to detail, including accuracy in grammar and a sharp focus on eliminating errors
  • Vendor Management experience that includes working with Attorney's, Agencies, Debt Settlement Companies and/or Judicial Systems
  • Advanced Microsoft Office suite skills
  • Ability to execute in a fast paced, high demand, environment while balancing multiple priorities and meeting deliverables
  • Ability to work effectively, as well as independently, in a team environment
  • Excellent verbal, written, and interpersonal communication skills
  • Ability to read, interpret and comprehend complex legal documents
  • Technical skills: First Data Resource (FDR), Hogan/SHAW, Operations Image Browser (OIB), IRRIS, XPM, ICMP, and/or Oliver

Nice to have:

  • 1+ years' experience interpreting and researching Account Level Loan Origination Documentation and/or Legal Documents
  • Proven experience with Credit Card, and/or Personal Lines and Loans
  • Experience using Enterprise Collections and Recovery System (ECAR)
  • Vendor Management experience that includes working with Attorney's, Agencies, Debt Settlement Companies and/or Judicial Systems
  • Technical skills: First Data Resource (FDR), Hogan/SHAW, Operations Image Browser (OIB), IRRIS, XPM, ICMP, and/or Oliver
What we offer:

Robust benefits, competitive compensation, programs designed to help find work-life balance and well-being, rewarded for investing in community, celebrated for being authentic self, empowered to grow, relocation assistance is not available

Additional Information:

Job Posted:
August 22, 2025

Expiration:
August 26, 2025

Employment Type:
Fulltime
Work Type:
Hybrid work
Job Link Share:
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