Senior Commercial Loan Closing Representative

About This Role

Wells Fargo is seeking a Senior Commercial Loan Closing Representative...

In This Role, You Will
• Process flood insurance renewals, contact agency for policy renewal, Lender place insurance if policy is not obtained and cancel LPI if voluntary coverage is received.
• Identify and recommend opportunities for process improvement and risk control development within the operations functional area
• Proactively escalates issues and takes ownership of resolution path. Engages with the LOB partners, Flood vendors, stakeholders to drive completion and resolution of file analysis.
Required Qualifications, International:
• 4+ years of Experience in Flood Insurance Process or Hazard insurance process within Commercial Bank or Mortgage Banking Preferred
Desired Qualifications:
• Education : Bachelor degree in commerce or Business Management
Job Expectations:
• Knowledge and understanding of the Flood Disaster Protection Act (FDPA)
• Ability to review and interpret complex commercial loan documents like Loan Agreements, Appraisals, Deed of trust, Promissory notes, Security agreements
• Knowledge and understanding of Syndication and Participation, Assumptions, Modifications and substitutions
• Knowledge and understanding of flood insurance policy requirements, contents value and appraisals
• Knowledge and understanding of Private flood insurance policies
• Knowledge and understanding of National Flood Insurance Program (NFIP) insurance policies
• Knowledge and understanding of loan documentation
• Knowledge and understanding of FEMA (Federal Emergency Management Agency)
• Ability to write or make amendments to the SOP's
• Flexibility towards work in night shift
• Excellent English Oral and written communication skills
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