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Commercial Loan Servicing Representative


The Wells Fargo Foundation


Location

Bangalore | India


Job description

About the Role

The DSCR Triggers Team is responsible for processing all the loans having triggers mentioned in the loan documents and escalating the test result to Asset Managers. DSCR Triggers are processed by the Servicer during the life of the loan. e.g. Springing Lockbox, Springing Waterfall Change and Springing Management Control etc. The trigger test results of DSCR are notified to the Asset managers, Credit analyst and PSR Consultants using Variance analysis.

Responsibilities:
The analyst will be responsible for collecting, analyzing and inputting information into various templates which are used by asset management to support credit decisions, seek approvals from internal and external parties, and communicate with borrowers and third parties. Analyst must be able to respond from time to time to requests received from borrowers for lender consent to a variety of matters that are governed by the terms of the loan documents, such as a change in property manager, a transfer of ownership interests in the property, or a request for the loan to be assumed by a third-party in connection with a sale of the property. In order to develop the credit case and obtain necessary approvals the EGS Analyst will source the information and documents, complete a credit memo template, analyze risks/mitigation and prepare an underwriting file thereby reviewing the loan documents to identify approval authorities and send credit memos and underwriting packages to appropriate internal and external parties for approval.

Essential qualifications:

Posting End Date:

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