Commercial Loan Closing Representative
Wells Fargo · Hyderabad · onsite · Posted 71d ago
Undisclosed2–6 yrsfulltimeSourced from
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About this role
Job Summary
Wells Fargo is seeking a Commercial Loan Closing Representative.
Responsibilities - Support pre-close documents for moderately complex to complex commercial loans
- Seek ways to improve aspects of loan closing and processes
- Perform moderately complex legal activities for loan documentation that may include documents purchased from third party sources, internal staff and corporate legal groups
- Review and prepare complex loan documents
- Receive direction from supervisor and escalate non-routine questions
- Review and negotiate complex legal documentation, evaluate risks, devise strategies to mitigate documentation risk and identify procedural modifications
- Interact with immediate team and Commercial Loan Closing group as well as internal customers
- Validate flood determinations using approved third-party vendors
- Conduct FDPA (Flood Disaster Protection Act) compliance reviews for both high-risk and low-risk transactions
- Perform flood determination validation using internal systems or approved third-party vendors
- Review credit agreements, loan documents, and collateral records to identify flood insurance requirements and compliance obligations
- Evaluate flood insurance policies to ensure:
- Adequate coverage amounts (loan balance, insurable value, NFIP limits)
- Accuracy of borrower/lender details
- Policy validity, effective dates, and renewals
- Differentiate and prioritize high-risk vs low-risk events, ensuring appropriate depth of review and escalation where required
- Identify documentation gaps, policy deficiencies, and compliance exceptions, and track them to resolution
- Maintain proper documentation and audit trails to support regulatory and internal audits
- Ensure compliance with FDPA, FEMA, and NFIP guidelines, as well as internal risk and compliance policies
- Coordinate closely with Deal Teams, Middle Office Operations, and other stakeholders to ensure timely completion of reviews, especially under tight timelines aligned with loan closing deadlines
- Provide clear communication of findings, risks, and remediation steps to stakeholders
- Shift timings: Night shift 5:30 PM to 2:30 AM
- 1+ year of experience in commercial loan closing support, collateral management, flood operations, or insurance operations, or equivalent demonstrated through a combination of work experience, training, or education
- Strong knowledge of FEMA flood zones and FDPA regulations
- Experience in credit/loan document review and insurance validation
- High attention to detail and analytical mindset
- Ability to manage multiple transactions under tight deadlines
- Strong stakeholder management and coordination skills
- Familiarity with flood determination tools and loan systems (preferred)
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.
Drug and Alcohol Policy Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Sourced from naukri
Skills
Commercial LoansInsurance PoliciesCollateral managementFinancial CrimesLoan Closingauditscorporate legalLoan DocumentsLoan DocumentationLegalFEMALegal DocumentationcomplianceInsurance OperationsCustomer Relationships
About Wells Fargo
Wells Fargo
Financial Services
20k+
employees
1852
174 years old
Bengaluru/Bangalore, Karnataka
India
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Wells Fargo works to create positive social impact in the communities it serves by supporting housing affordability, small business growth, financial health, and a low-carbon economy.
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