Commercial Loan Servicing Representative

3 weeks ago

Bengaluru Karnataka, India Wells Fargo Full time

**About this Role**:
Wells Fargo is seeking a Commercial Loan Servicing Representative. New Loan Setup (NLS) is a process which involves in setting up of a Loan & Property Level Information in the Loan Accounting System (Strategy) right after the loan is closed. NLS involves in creating Loan Number for few of the Warehouse Loans based on the Lenders. Verifying Borrower related information from the Loan Documents & updating the same in the System. Verifying the Loan & Property Information from Loan Documents & updating the same in Strategy. It also supports the Client Solutions team which majorly works on the Borrower requests.

Commercial Loan Servicing: Covers jobs responsible for activities related to servicing of commercial loan transactions according to bank policies, procedures, and regulatory requirements. This can include customer/client modifications, account maintenance, rebookings, and purchased receivables management to ensure accuracy through life of transaction.

**In this role, you will**:

- Knowledge and experience in commercial mortgage servicing related tasks, processes and activities including commercial mortgage loan structures and interpretation of loan documents
- Ability to interpret and understand different types of loan documents
- Update and analyze the company's mortgage loan system of record and other systems with appropriate data
- Generate systems queries, as required/requested
- Complete tasks that require the review of reports, system data, loan documentation, and other collateral or loan related information
- Accurately process high volumes of work within established deadlines

**Required Qualifications**:

- 2+ years of Commercial Loan Servicing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

**Desired Qualification**
- Good communication - verbal and written
- Good problem solving skills and an eye for detail
- Working knowledge of MS Excel, MS Word MS Access
- Ability to adapt to change
- Flexibility to work on different processes/assignments
- Working with team members and be an active participant
- Exhibits a commitment to the company
- Ability to set priorities, plan and organize work
- Demonstrates/maintains professional conduct under all circumstances
- Ability to communicate well with US counterparts, as required
- Takes ownership for responsibilities
- Flexible to work different shifts as per the business requirement.
- Good knowledge on commercial mortgage servicing and products
- Understanding and ability to interpret loan language on loan documents
- 1.5 to 2 years of work experience in commercial mortgage stream
- Standard shift time:

- 7.30 am - 4.30 pm (BLR) & 8.30 am - 5.30 pm (HYD)

**"Wells Fargo has recently entered into an agreement to sell the third-party servicing function of Commercial Mortgage Servicing (CMS) to Trimont Global LLC (Trimont). The sale is expected to close in early 2025 (the "Closing Date"). We are continuing to recruit for open positions supporting CMS but want to ensure you are aware that should you be selected for and accept this position, you may also receive an offer from Trimont prior to the Closing Date with similar employment terms and conditions following your Wells Fargo start date".**

**Posting End Date**:
**Job posting may come down early due to volume of applicants.**

**We Value Diversity**

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

**Applicants with Disabilities**

**Drug and Alcohol Policy**

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

**Wells Fargo Recruitment and Hiring Requirements**:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

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