Wells Fargo DS Consumer Loan Underwriter (RBC) 2 in Virginia Beach, Virginia

Our foundation for success can be summarized in three beliefs:

Our product is service.

Our value added is financial advice and guidance.

Our competitive advantage is our people. It all begins with outstanding talent.

In Wells Fargo's Consumer Lending Group (CLG), we've built our team of top professionals by rewarding their accomplishments and ensuring they have what's needed to succeed. We value and promote diversity and inclusion in every aspect of our business and at every level of our organization.

The CLG team includes Home Lending, Personal Loans and Lines, Direct Auto, Dealer Services, Commercial Auto, Retail Services and Education Financial Services including the professional services teams that partner with these businesses and other key partners.

Join the #1 Used Auto lender (/Source: Autocount/)

Our Dealer Services team offers integrated financial services solutions designed primarily for the auto dealer community, providing financing and related services to both dealers and consumers nationwide.

Dealer Services Consumer Loan Underwriter 2 – Indirect Auto

Reporting to the Regional Business Center Lending Manager, the DS Consumer Loan Underwriter 2 is responsible for the full spectrum lending activity within the Region. This person is responsible for making prudent credit decisions within its established approval/exception guidelines, in compliance with all state and federal regulations, and in adherence to all Wells Fargo Dealer Services Core Auto Lending practices, policies, and procedures. The DS Consumer Loan Underwriter 2 will partner with the other departments within the Region to establish, maintain, and enhance dealer relationships.

Analyzes information received from credit applications and credit reporting agencies to make prudent credit decisions. Negotiates terms and conditions of loan decisions with dealers within established approval/exception guidelines, leveraging risk versus reward, to ensure credit quality and profitability. Makes exceptions to normal guidelines when necessary. Conducts customer interviews and investigations on non-prime credit applications to gather and document information pertaining to making credit decisions. Monitors dealer productivity and calls dealers for approvals and follow-up on pending contracts to increase capture and conversion ratios. Establishes dealer relationships by building rapport through telephone and field calls. Develops and analyzes credit goals and communicate strategies to dealers to accomplish said goals.

Coordinates with the Operations Department to examine and evaluate proper documentation for funding. Partners with the Collections Department to resolve dealer collection issues. Actively participates in regularly scheduled staff meetings to communicate/share trends, P&P, goals, updates, and other pertinent information with team members and managers. Other duties as assigned.

Department Hours/Schedule: Flexible to work Monday - Sunday during department's operating hours. Current hours of operations are: Monday – Friday, 8:30 am – 8 pm, Saturday, 10 am – 7 pm and Sunday, 12 pm - 4 pm. Hours may change due to business need.

Required Qualifications:

  • 2+ years of underwriting experience; or 3+ years of experience in one or a combination of the following: loan processing, origination, or closing

  • 2+ years of Auto Finance experience

Desired Qualifications:

  • Basic Microsoft Office skills

  • Strong analytical skills with high attention to detail and accuracy

  • Excellent verbal, written, and interpersonal communication skills

  • Ability to communicate confidentially and professionally

  • Ability to negotiate, influence, and collaborate to build successful relationships

  • Basic computer skills including the ability to navigate multiple windows, applications, and utilize search tools to find information

  • A BS/BA degree or higher

  • Dealer Services Experience

  • Solid problem solving skills

  • Strong analytical skills with high attention to detail and accuracy

  • Ability to work nights, weekends, and/or holidays as needed or scheduled

Job Expectations:

  • Ability to work nights, weekends, and/or holidays as needed or scheduled

How to Express Interest in This Job: Wells Fargo invites you to apply for this job at https://employment.wellsfargo.com/psp/PSEA/APPLICANTNW/HRMS/c/HRSHRAM.HRSAPPSCHJOB.GBL?Page=HRSAPPJBPST&FOCUS=Applicant&SiteId=1&JobOpeningId=5297242&PostingSeq=1.

All 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.

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.