FHA Prescreen Analyst

Wells Fargo - McLean, VA3.8

Full-time
Job Description
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 nine major business lines include Business Banking, Middle Market Banking, Government and Institutional Banking, Corporate Banking, Commercial Real Estate, Financial Institutions Group, Wells Fargo Commercial Capital, Wells Fargo Securities, and the Investment Portfolio. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.

Wholesale Commercial Real Estate (WCRE) operates throughout the United States, as well as Canada and the United Kingdom, to deliver a comprehensive platform of financing and banking products for experienced commercial real estate companies including balance sheet lending, CMBS origination and distribution, loan servicing, agency financing for multifamily properties, and debt and equity capital for affordable housing.

Wells Fargo Multifamily Capital (MFC) specializes in providing permanent financing for multifamily properties and healthcare facilities using the programs of the Federal Housing Administration (FHA), Fannie Mae, & Freddie Mac 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 FHA Prescreen Analyst is responsible for assisting in the review and analysis of FHA transactions for financing utilizing FHA insured multifamily and healthcare financing structures.

Develop and maintain knowledge of loan products.
Spread and analyze financial statements and projections on existing and new construction properties.
Estimate operating cash flow in accordance with program parameters, historical operations, and/or operating budget, and market conditions.
Research and estimate value of existing properties.
Perform internet searches on market areas, properties, rent comparables and borrowers to determine threshold issues and acceptability for financing.
Draft loan applications.
Follow compliance and policy procedures as required by HUD and Wells Fargo.
Update internal databases, as necessary.
Team members 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 and if 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

2+ years of real estate experience; or a BS/BA degree or higher

Desired Qualifications

Basic Microsoft Office (Word, Excel, and Outlook) skills
Excellent verbal, written, and interpersonal communication skills
Strong analytical skills with high attention to detail and accuracy
Strong technical writing skills

Other Desired Qualifications
Bachelors' degree in Accounting, Business, Finance, or Economics
Personal and Property Financial Statement Analysis experience
Strong organizational skills
Ability to problem-solve and exercise independent judgement
Ability to concurrently work on multiple projects under minimal supervision
Commercial Real Estate experience, preferred
FHA experience, preferred

Street Address
VA-McLean: 2010 Corporate Rdg - Mclean, VA
GA-Atlanta: 4570 Ashford Dunwoody Rd - Atlanta, GA

Disclaimer

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.