Employment Type:
Intern/Co-op
Posted:
3/22/2012
Job Category:
Accounting
Industry:
Banking & Finance
Mortgage Intern - National Underwriting and Production Risk Management
(This job is no longer available)
Wells Fargo | WEST DES MOINES, IA
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Job Description

Wells Fargo Home Mortgage has long been the leading residential retail mortgage lender. More consumers choose us because everything we do revolves around our customers. We strive to provide a great customer experience through our responsible lending and servicing principles, and dedicated team members.

Wells Fargo Home Mortgage remains in a league of its own with respect to continued growth, originating nearly one of every three mortgage loans in the country. Since 1997, Wells Fargo Home Mortgage's Diverse Segments division has focused its efforts in every community on meeting the homeownership needs of low- and moderate-income consumers, and ethnic minority and first time homebuyers of all income levels; and helping to build an infrastructure and culture that mirrors the markets we serve.

Recognizing and promoting diversity is core to Wells Fargo's Vision and Values and Wells Fargo Home Mortgage stands as a leader among our peers in the mortgage industry. As an organization, we constantly look for ways to connect with diverse talent in the communities we serve. One way we do this is through our Diverse Segments Internship Program, which was developed to maintain Wells Fargo's leadership position in the mortgage industry through the recruitment, development and retention of quality diverse talent.

The National Underwriting and Production Risk Management (NUPRM) Internship is an entry-level, paid, summer internship that provides hands-on experience within an operations structure. NUPRM interns will learn the mortgage lending approval process beginning with the application, processing, underwriting, and funding of the loan under the direction of Lending Managers. You will gain experience in risk assessment, management and controls.

A career with the National Underwriting and Risk Management team is extremely rewarding, utilizing a broad set of advanced skills which can lead to a very satisfying career path.

Specific internship training and responsibilities include:
Completion of a strategic project relevant to driving efficiencies in the operational process
Learning the specifics of Wells Fargo Home Mortgage products and programs
Learning about risk mitigation in the consumer lending industry.

All NUPRM Interns will undergo training at the outset of their internship to build and strengthen their core knowledge of the business in the following areas:
Credit fundamentals with specific attention to loan structuring, qualifying ratios, and sources of repayment
Collateral risk assessment
Government regulations and Wells Fargo policies related to consumer lending compliance.

Participates in a formal internship program with a duration of at least ninety days.  Internship includes performing various assignments to become familiar with the organization and gain basic work experience.  Work assignments are augmented by classroom training, self-study assignments, workshops, networking  and/or other events.

All Wells Fargo team members are required to complete a criminal background check before their start date. Wells Fargo will not sponsor visas for these positions, and will not hire individuals whose work eligibility is based on their F-1 or other student visa status. Candidates must be able to work in the United States on a permanent basis. This intern program does not provide relocation or student housing expenses. Wells Fargo is an Affirmative Action and Equal Opportunity Employer and encourages all applicants (M/F/D/V).
 Minimum Qualifications Graduating or rising senior (graduating between January 2012 - June 2013) currently enrolled at least half time in a 4-year college program.
At least 12 months of demonstrated work experience.
Must be available to work a full-time schedule for all 10 weeks of internship beginning on June 4, 2012 (alternate start date for students in California is June 18, 2012).
Superb interpersonal skills.
Excellent communication and presentation skills with the ability to articulate ideas and strategies clearly, both verbally and in writing.
Strong leadership and entrepreneurial potential with a demonstrated drive for results.
Solid analytical and mathematical abilities.
Proficiency in handling multiple projects and deadlines.
Able to work in a demanding and highly focused production environment, independently and collaboratively in a team.
 Preferred Skills At least 1 year of work experience encompassing direct customer service or operations experience.
Preference will be given to candidates whose field of study provides exposure to finance, risk management, accounting, and/or knowledge and work experience directly related to loan underwriting or processing.

About Wells Fargo

Wells Fargo & Company is a financial holding company and a bank holding company. It is a diversified financial services company. It provides retail, commercial and corporate banking services through banking stores located in 23 states: Alaska, Arizona, California, Colorado, Idaho, Illinois, Indiana, Iowa, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oregon, South Dakota, Texas, Utah, Washington, Wisconsin and Wyoming. It provides other financial services through subsidiaries engaged in various businesses, principally wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services and venture capital investment. It operates in three segments: Community Banking, Wholesale Banking and Wells Fargo Financial. (Source: 10-K)