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Wells Fargo is seeking a Senior Commercial Real Estate Portfolio Representative. In this role, you will: Service commercial real estate loans and may include commercial real estate agency loans; Provide direct customer service and acts as primary servicing contact for the loan; Support less experienced loan administrators in providing resolutions of inquiries and complaints; Determine appropriate course of action and conduct investigative steps to fully identify customer issues; Perform complex administrative and customer support tasks by managing daily schedules, and providing work direction to the team; Assist in setting performance standards, and recommend process or policy improvements to enhance customer satisfaction; Review moderately complex loan servicing documentation language, book and fund new loans and modifications, including reviewing of input; Monitor collateral and prepare payoff letters, releasing collateral; customer research and billing; obtain insurance information and monitor ongoing coverage; Review loan documents and summarize salient facts of the loan and ongoing covenants (both financial and non-financial) to be maintained by the borrower; Review third party documents, such as appraisal, site inspection report, property condition assessment report to infer overall performance of the property and identify significant factors which may impact asset; Document and synthesize all findings based on above mentioned reviews; Quality check work performed by junior team members and provide appropriate feedback on the same; Understand the feedback received from the onshore team members and disseminate the same to the team; Communicate with Asset Managers and make sure to deliver the desired output; Provide subject matter expertise and interpretation of procedures to less experienced individuals; Respond independently to complaints escalated at the highest level; Provide training and guidance to less experienced loan administrators and perform quality assurance and approve the work of other staff; 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
Job Responsibility:
Service commercial real estate loans and may include commercial real estate agency loans
Provide direct customer service and acts as primary servicing contact for the loan
Support less experienced loan administrators in providing resolutions of inquiries and complaints
Determine appropriate course of action and conduct investigative steps to fully identify customer issues
Perform complex administrative and customer support tasks by managing daily schedules, and providing work direction to the team
Assist in setting performance standards, and recommend process or policy improvements to enhance customer satisfaction
Review moderately complex loan servicing documentation language, book and fund new loans and modifications, including reviewing of input
Monitor collateral and prepare payoff letters, releasing collateral
customer research and billing
obtain insurance information and monitor ongoing coverage
Review loan documents and summarize salient facts of the loan and ongoing covenants (both financial and non-financial) to be maintained by the borrower
Review third party documents, such as appraisal, site inspection report, property condition assessment report to infer overall performance of the property and identify significant factors which may impact asset
Document and synthesize all findings based on above mentioned reviews
Quality check work performed by junior team members and provide appropriate feedback on the same
Understand the feedback received from the onshore team members and disseminate the same to the team
Communicate with Asset Managers and make sure to deliver the desired output
Provide subject matter expertise and interpretation of procedures to less experienced individuals
Respond independently to complaints escalated at the highest level
Provide training and guidance to less experienced loan administrators and perform quality assurance and approve the work of other staff
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:
3+ years of Commercial Loan Servicing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Nice to have:
Experience in handling wire / check disbursements
Experience in commercial mortgages and basic to mid-level domain knowledge of commercial real estate, loan life cycle
Ability to interpret and understand loan agreements, and other loan documents
Keen eye for detail
Experience in coaching / mentoring team members, handling team queries, quality reviews