Job Details

Legal Staff Paralegal in Bloomington, MN

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Company name

Wells Fargo

Organization Type

In-House

Job Type

Legal Staff

Practice Area

Finance - Banking

Years of Experience

Min 5 yrs required

Location

USA Bloomington, MN

Date Last Verified

Feb 17,2018

Posted on

Feb 07,2018

13 hits

Profile

Wholesale Loan Administrator III The candidate will be responsible for documenting and closing new originations and modifications; coordinating the legal and operational activities; and reviewing the regulatory compliance requirements associated with the closing of transactions for the Equity Equivalent Investment (EQ2) program and Community Development Financial Institutions (CDFI)s market-rate loans. Will assist on assessment of legal, compliance and operational issues associated with the loans; coordination of multiple parties to the transaction including lending staff; recommend strategies for mitigating risk; draft and prepare and review loan documents and other legal documentation associated with loans, working with the manager and internal partners in identifying compliance and documentation requirements; assist lending staff in devising strategies and documentation negotiations; effectively manage post close follow up, including being accountable for receipt of outstanding items and establishment of accurate electronic files; manage and monitor the life of loan trigger dates and ensure that bank complies under documentation terms.

Qualification and Experience

The candidate must have 5+ years of commercial loan closing experience, commercial loan administration experience, or a combination of both. Commercial loan documentation, preparation, or review experience is desired. Intermediate Microsoft Office (Word, Excel, and Outlook) skills is desired. 5+ years’ experience in documenting and closing commercial real estate loans as a paralegal or equivalent experience including experience in drafting unique document provisions; a familiarity with real estate documentation and closing coordination is desired. Community Lending experience with non-profits is desired.

Deadline : 02/22/2018.

Additional info

Ref 5380272

Company info

Hiring Coordinator
Wells Fargo
7900 Xerxes Avenue S
Suite 201
Bloomington, MN 55431-1143