Job: Valuation Specialist 2

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You’ve got the passion. You’ve got the skills. Now you just need the right opportunity. At Wells Fargo, you’ll have the chance to join a team of smart and talented people who share the same values. Our diverse lines of business offer a world of opportunity to expand your capabilities and advance your career. We invest in our people and provide a supportive environment in which to learn and grow.

Corporate Credit is responsible for independently overseeing the management of credit risk exposures (including monitoring and reporting on aggregate credit exposures across groups, legal entities, geographies, and jurisdictions) and the quality of credit risk management practices across the company. This oversight extends to all phases of a loan’s life cycle, including origination, underwriting, risk analysis, approval, documentation, boarding, monitoring, loss recognition, modification, and collection activities. Corporate Credit is responsible for delegating and/or removing credit and investment approval authorities to the lines of business.

More specifically, Corporate Credit develops, maintains and ensures adherence to enterprise-wide credit risk frameworks, policies, and procedures that are aligned with Board-approved risk appetite.

About Our Team

As the largest mortgage originator and servicer in the country, understanding the value of real estate is critical.  Real Estate Valuation Services (REVS) serves as an independent risk management function within Corporate Credit that:

• Interprets appraisal regulation and sets Corporate Valuation Policy
• Communicates with regulators  on pending and proposed regulations
• Assumes responsibility for ensuring that compliant valuation processes and practices are in place for all valuations across Wells Fargo
• Leads the industry in real estate valuation processes and execution

As the Valuation Specialist 2 with REVS, Corporate Credit, team you will have the opportunity to perform a variety of tasks including but not limited to:

• Performing quality reviews of more complex residential valuations.
• Review valuation content to ensure that primary risk factors associated with the collateral have been addressed and the appraisal meets standards for accuracy and completeness.
• May perform desk review of original mortgage information and post-fund reviews prior to delivery to lending partners.
• Works with service providers to clarify quality concerns identified during the review process, reconciling any discrepancies.
• Provides consultation and guidance to loan officers, underwriters and senior management for properties in assigned geographic areas.
• May provide training and guidance to lower level appraisers/reviewers.
• Responsible for performing quality reviews of residential valuations; ensuring adherence to regulatory and Wells Fargo compliance requirements.

Candidates should have:

• Ability to complete a side by side analysis of multiple valuations completed on a single property; reconciling any discrepancies and performing additional market research to validate and/or dispute information presented in the valuation.
• Excellent verbal and written communication skills; required to work with WF Business Partners, Investor Groups and Service Providers

*Location: The position allows the candidate to work remotely but must have secure internet access*

• 5+ years of valuation experience
• Certified Appraiser

• Knowledge and understanding of real estate valuations and titles
• High end residential valuation experience
• Ability to achieve high production and quality standards
• Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
• Ability to take initiative and work independently with minimal supervision in a structured environment
• Excellent verbal, written, and interpersonal communication skills

• 6 months+ experience performing valuation reviews in the CMS platform
• Experience performing technical reviews; including working with Service Providers to obtain additional clarification and/or revisions to the valuation

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.