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Wells Fargo
Senior Commercial Loan Closing Specialist
Career Insights for Loan Documentation Specialist
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Based on Minnesota data
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What they do
A Loan Documentation Specialist reviews applications for loans and assists with the process of evaluating loans. Prepares, organizes and verifies the documents and reports required for a loan application. Monitors the loan application and approval process and may assist customers with loan payments. May specialize in mortgage, business or other types of loans.
$40,541 / year median in Minnesota
-14% projected decline
Job Description
About this role: Wells Fargo is seeking a Senior Commercial Loan Closing Specialist in Middle Market Real Estate as part of Commercial Banking. Learn more about the career areas and lines of business at wellsfargojobs.com. In this role, you will: Lead a variety of pre-close activities for moderately complex to complex commercial loans, including coordinating all aspects of loan closings Accurately evaluate and upload data into the systems of record to ensure compliance with all bank policies, procedures and regulatory requirements Document and coordinate legal activities for loan documentation that may also include documentation purchased from third party sources, with internal staff and the Corporate Legal group 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, develop strategies to mitigate documentation risk and identify procedural modifications Serve as an escalation point in the resolution of client issues Conduct quality reviews and monitor key performance metrics as related to efficiencies and effective processes Identify activities of the team to ensure conformity with established procedures 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
Required Qualifications:
4+ years of Commercial Loan Closing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educationDesired Qualifications:
Commercial loan documentation, preparation, or review experience Intermediate Microsoft Office (Word, Excel, and Outlook) skills Ability to navigate multiple computer systems, applications, and utilize search tools to find information Strong analytical skills with high attention to detail and accuracy Excellent verbal, written, and interpersonal communication skills Effective organizational, multi-tasking, and prioritizing skills Ability to work in a fast-paced deadline driven environment Ability to work effectively in a team environment and across all organizational levels; where flexibility, collaboration, and adaptability are important Good verbal, written, and interpersonal communication skillsJob Expectations:
This position offers a hybrid work schedule Current requirements are 3 days in-office. Willingness to work on-site at stated location on the job opening This position is not eligible for Visa sponsorship Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment processLocations:
ARIZONA- Chandler, AZ 2700 S Price Rd ARIZONA
- Tempe, AZ 1150 W Washington St
CALIFORNIA
- San Francisco, CA 333 Market St IOWA
- West Des Moines, IA 800 S Jordan Creek Pkwy
MINNESOTA
- Minneapolis, MN 600 S 4th St
MISSOURI
- Saint Louis, MO 114 N Beaumont St, D Bldg.
NORTH CAROLINA
- Charlotte, NC 1525 W W T Harris Blvd
NORTH CAROLINA
- Charlotte, NC 550 S Tryon St TEXAS
- Irving TX 401 Las Colinas Blvd W Bldg B UTAH
- Salt Lake City, UT 299 S Main St IDAHO
- Boise
ID 877 W
Main StCOLORADO
- Denver CO 1700
Lincoln St Additional Information:
Minneapolis, MN Pay Range:
$85,000- $133,000 USD Annual (this range may not be applicable to other locations)
San Francisco, CA Pay Range:
$92,000- $145,000 USD Annual (this range may not be applicable to other locations) #commercialbanking Pay Range Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities. $77,000.00
- $145,000.00 Benefits Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits
- Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.