Senior Credit Resolution Specialist

at  Wells Fargo

Wells Fargo is seeking a Senior Credit Resolution Specialist to join the CMS Special Servicing Team within CIB.

APPLICANTS WITH DISABILITIES

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

WELLS FARGO RECRUITMENT AND HIRING REQUIREMENTS:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process

Required Qualifications:

• 4+ years of Credit Resolution experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educatio

Desired Qualifications:

• Basic knowledge and understanding of credit policy, accounting practices, and procedures
• Basic knowledge and understanding of lending, loan structuring, and financial analysis
• Knowledge and understanding of problem loan resolution and workout situations
• 4+ years of experience in commercial real estate: asset management, finance, underwriting, origination, and/or servicing
• Experience in reviewing and analyzing complex loan documents, intercreditor documents and deal documents
• Strong credit and risk management exposure
• Ability to think strategically and critically evaluate stakeholder value
• Knowledge of CMBS, Pooling and Servicing Agreements, Inter-creditor Agreements, Participation Agreements, and all commercial loan documentation
• Strong negotiation and influence skills
• Commercial loan restructuring and negotiation experience
• Excellent verbal, written, and interpersonal communication skills
• Advanced Microsoft Excel skills
• Wells Fargo has recently entered into an agreement to sell the third-party servicing function of Commercial Mortgage Servicing (CMS) to Trimont Global LLC (Trimont). The sale is expected to close in early 2025 (the “Closing Date"). We are continuing to recruit for open positions supporting CMS but want to ensure you are aware that should you be selected for and accept this position, you will also receive an offer from Trimont prior to the Closing Date with similar employment terms and conditions following your Wells Fargo start date

The Senior Credit Resolution Specialist within the CMS Special Servicing team has the responsibility to organize, analyze and update asset and market level data for a variety of real estate transactions in the Wells Fargo CMS - Special Servicing named portfolio (performing and non-performing mortgage loans and real estate owned) which may include fixed or floating rate agency, Commercial Mortgage Backed Securities (CMBS) and balance sheet deals.

In this role, you will:

• Track deal flow and maintain integrity of database of “active” and “watchlist” assets
• Ensure that assets are properly recorded and reported on the servicing system
• Process new deals for initial setup in database and complex spreadsheets
• Perform market research due diligence on underlying collateral
• Review and approve of annual operating budgets of loan level property operating statement financial analysis
• Analyze rent rolls and determine future lease rollover
• Perform loan level compliance reviews
• Review and interpret third party reports
• Review detailed credit reports and obtain explanations of any major derogatory items
• Prepare Asset Status Reports
• Evaluate the impact of servicing advance recoveries to the Trust
• Communicate progress and immediately elevate any road blocks to the Asset Manager
• Coordinate roll-up and delivery of monthly and quarterly report packages

Required Qualifications:

• 4+ years of Credit Resolution experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Basic knowledge and understanding of credit policy, accounting practices, and procedures
• Basic knowledge and understanding of lending, loan structuring, and financial analysis
• Knowledge and understanding of problem loan resolution and workout situations
• 4+ years of experience in commercial real estate: asset management, finance, underwriting, origination, and/or servicing
• Experience in reviewing and analyzing complex loan documents, intercreditor documents and deal documents
• Strong credit and risk management exposure
• Ability to think strategically and critically evaluate stakeholder value
• Knowledge of CMBS, Pooling and Servicing Agreements, Inter-creditor Agreements, Participation Agreements, and all commercial loan documentation
• Strong negotiation and influence skills
• Commercial loan restructuring and negotiation experience
• Excellent verbal, written, and interpersonal communication skills
• Advanced Microsoft Excel skills
• Wells Fargo has recently entered into an agreement to sell the third-party servicing function of Commercial Mortgage Servicing (CMS) to Trimont Global LLC (Trimont). The sale is expected to close in early 2025 (the “Closing Date"). We are continuing to recruit for open positions supporting CMS but want to ensure you are aware that should you be selected for and accept this position, you will also receive an offer from Trimont prior to the Closing Date with similar employment terms and conditions following your Wells Fargo start date.