Wells Fargo Dealer Services - Underwriter 1 in Austin, TX in Austin, Texas

Consumer Lending is an industry leader in supporting homeowners and consumers. We put customers at the center of all that we do. We make every decision - and design every product and service - with our customers in mind.

It starts with you. We must attract, develop, retain and motivate the most talented people - those who care and who work together as partners across business units and functions. We value and promote diversity and inclusion in every aspect of our business and at every level of our organization.

The Consumer Lending team includes Home Lending, Personal Lending, and Dealer Services, including the professional services teams that partner with these businesses and other key partners.

Join the #1 Overall Auto lender (/Source: Autocount/)

Our Dealer Services team offers integrated financial services solutions designed primarily for the auto dealer community, providing financing and related services to both dealers and consumers nationwide.

Reporting to the Regional Business Center Lending Manager in our Austin, TX office, the Consumer Loan Underwriter 1 is responsible for the full spectrum lending activity within the Region. This person is responsible for making prudent credit decisions within its established approval/exception guidelines, in compliance with all state and federal regulations, and in adherence to all Wells Fargo Dealer Services Core Auto Lending practices, policies, and procedures.

The Consumer Underwriter 1 will partner with the other departments within the Region to establish, maintain, and enhance dealer relationships. Analyzes information received from credit applications and credit reporting agencies to make prudent credit - decisions. Negotiates terms and conditions of loan decisions with dealers within established approval/exception guidelines, leveraging risk versus reward, to ensure credit quality and profitability. Makes exceptions to normal guidelines when necessary.

Conducts customer interviews and investigations on non-prime credit applications to gather and document information pertaining to making credit decisions. Monitors dealer productivity and calls dealers for approvals and follow up on pending contracts to increase capture and conversion ratios. Establishes dealer relationships by building rapport through telephone and field calls. Develops and analyzes credit goals and communicate strategies to dealers to accomplish said goals. Coordinates with the Operations Department to examine and evaluate proper documentation for funding.

Partners with the Collections Department to resolve dealer collection issues. Actively participates in regularly scheduled staff meetings to communicate/share trends, P&P, goals, updates, and other pertinent information with team members and managers. Other duties as assigned.

Schedule: Flexible to work Monday - Saturday during department's operating hours. Current hours of operations are: Monday – Friday, 8:30 am – 8 pm, Saturday, 9 am – 7 pm. Hours may change due to business need.

Required Qualifications:

  • 6+ months of experience in one or a combination of the following: underwriting, processing, originations, or closing; or an AA/AS degree or higher; or 2+ years of military experience

Desired Qualifications:

  • Basic Microsoft Office skills

  • Strong analytical skills with high attention to detail and accuracy

  • Excellent verbal, written, and interpersonal communication skills

  • Ability to negotiate, influence, and collaborate to build successful relationships

  • 1+ year of auto finance industry experience including 1 or a combination of the following: collections, operations, sales, and/or credit

  • Knowledge and understanding of state and federal auto lending regulations

  • Ability to work nights, weekends, and/or holidays as needed or scheduled

Job Expectations:

  • Ability to work nights, weekends, and/or holidays as needed or scheduled

How to Express Interest in This Job: Wells Fargo invites you to apply for this job at https://employment.wellsfargo.com/psp/PSEA/APPLICANTNW/HRMS/c/HRSHRAM.HRSAPPSCHJOB.GBL?Page=HRSAPPJBPST&FOCUS=Applicant&SiteId=1&JobOpeningId=5338697&PostingSeq=1.

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.

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.