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Jr. Commercial Mortgage Banker and Developing Commercial Mortgage Banker

Company: Wells Fargo
Location: New York
Posted on: April 10, 2021

Job Description:

Job DescriptionImportant Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.Multifamily Capital (MFC) specializes in providing permanent financing for multifamily properties and healthcare facilities using the programs of the Federal Housing Administration (FHA), and Fannie Mae/Freddie Mac (GSE) and our balance sheet including a direct purchase tax exempt housing bond program. Our veteran bankers are experienced with the various loan programs offered, and as one of the top multifamily loan servicers we remain committed to providing superior customer service before, during and after loan closing.The Commercial Mortgage Banker within Multifamily Capital will serve as a i) Junior Originator and Deal Manager on a origination team within one of the following locations: McLean VA, New York NY, Irvine CA, Carlsbad CA, Dallas TX, or San Francisco, CA or ii) Developing Originator and Deal Manager in the senior housing space in the New York, NY office.Responsibilities for the Junior Originator position include, but are not limited to:

  • A combination of assisting the Lead or Senior Originators in connection with managing deals that the Lead or Senior Originators brings in for the origination team, and/or managing self originated deals;
  • Providing other support necessary for the business generated by the Origination Team; and
  • Supplementing the Lead or Senior Originators' ability to grow the platform and spend more time on business development and new originations.
  • Responsibilities for the Developing Originator position include, but are not limited to:
  • Identify, pursue, originate and close commercial mortgages that meet the approved guidelines of Fannie Mae, Freddie Mac and FHA senior housing programs.
  • Develop a sustainable book of business that is diversified across Agencies and clients with the goal of enhancing overall relationships and building client base.
  • Execute on referrals from within the Corporation in a timely manner while always keeping referring team member up to date.
  • If an CRE LOB or group has been assigned for coverage by the developing originator, proactively work the assignment under a "One CRE" approach to develop the relationship that will lead to new originations as well as educate the CRE team on Agency financing.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.Required Qualifications
    • 3+ years multifamily lending experience; or 5+ years commercial real estate experienceDesired Qualifications
      • Ability to develop and maintain strong client relationships
      • Ability to generate revenue and actively participate in the successful completion of complex transactions
      • Ability to interact effectively and confidently with senior management
      • Excellent verbal, written, and interpersonal communication skills
      • High level of initiative and accountabilityOther Desired Qualifications
        • 3+ years multifamily or seniors housing lending experience
        • Experience with and understanding of Government Sponsored Enterprise (GSE) multifamily lending programs (Fannie Mae/Freddie Mac) and FHA/GNMA multifamily lending programs
        • A BS/BA degree or higherJob Expectations
          • Ability to travel up to 30% of the timeDisclaimerAll offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.Relevant military experience is considered for veterans and transitioning service men and women.Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.Benefits SummaryBenefits Visit for benefits information.

Keywords: Wells Fargo, New York , Jr. Commercial Mortgage Banker and Developing Commercial Mortgage Banker, Accounting, Auditing , New York, New York

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