Commercial Loan Closing Representative
Wells Fargo · Bengaluru · onsite · Posted 70d ago
Undisclosed2–6 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
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 process's
- 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 Interact with 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.
- 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)
- Night shift 5:30 pm to 2:30 am
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
About
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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Financial Services
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