Wells Fargo Valuation Consultant 3 in Bloomington, Minnesota

At Wells Fargo, we have one goal: to satisfy our customers’ financial needs and help them achieve their dreams. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

Expand your knowledge and advance your career by joining the Corporate Credit Risk, Real Estate Valuation Services (REVS) Group as a Valuation Consultant 3. As the largest mortgage originator and servicer in the country, understanding the value of real estate is critical. Real Estate Valuation Services (REVS) serves as an independent risk management function within Corporate Credit that:

  • Interprets appraisal regulation and sets Corporate Valuation Policy

  • Communicates with regulators on pending and proposed regulations

  • Assumes responsibility for ensuring that compliant valuation processes and practices are in place for all valuations across Wells Fargo

  • Leads the industry in real estate valuation processes and execution

The position works in a support function in the REVS-RETECHS department. In conjunction with REVS-RETECHS Group Head and leaders of its professional service lines, it collaborates with internal professional staff, vendors, account officers, attorneys & management to ensure we consistently provide a quality product to our partners and customers within agreed upon service levels.

REVS-RETECHS provides support for 3 types of due diligence work: Appraisals, Construction, and Environmental. The ideal candidate, for the Valuation Consultant 2 position, will have the ability to effectively partner and influence executive leadership while also ensuring the business runs efficiently, supports the customer needs and always remains in compliance.

This candidate will be responsible for complex evaluations, appraisals and appraisal reviews/consultations to loan officers for properties in a geographic area. Duties will include critical thinking when the request for a valuation service is routed to the appraiser. To determine the level of evaluation or appraisal necessary for the project, based upon regulations (FIRREA and USPAP) and bank policy such as: the loan amount, property type, and line of business requirement. The candidate selects the best valuation product for the project and places the project out for bid, if 3rd party services are required. The Valuation Consultant 3 is the point of contact for the account officer and vendor throughout the valuation process.

General duties for this individual might include, but are not limited to:

  • Management, review, valuation, inspections, quality oversight, and/or consulting of higher risk level valuation issues.

  • Reviews commercial real estate evaluations and appraisal reports, ensuring that reports are in compliance with federal regulatory and bank policy guidelines.

  • Prepares detailed review documents including descriptions of area and site, market data, and investment information. Highlights risks regarding the real estate, its market, and any physical, legal or economic issues the Bank should be aware of relative to the asset/loan.

  • Maintains market knowledge of real estate values, pertinent industry data/trends and property developments.

  • May oversee less experienced evaluators/appraisers.

  • This level valuation consultant may perform internal evaluations, appraisals, and/or consulting assignments, for a variety of commercial/investment/and agricultural property types.

  • Performs numerous management functions including the management of complex business relationships involving internal partners and outside professionals and management of other professional team members within the context of specific assignments.

  • May supervise trainee appraisers to ensure appropriate development

Required Qualifications:

  • 10+ years of valuation experience

  • Certified Appraiser

  • 1+ year of leadership experience

Desired Qualifications:

  • Commercial real estate experience

  • Knowledge and understanding of real estate valuations and titles

  • Ability to take on a high level of responsibility, initiative, and accountability

  • Good analytical skills with high attention to detail and accuracy

  • Strong time management skills and ability to meet deadlines

  • Customer service focus with the ability to listen to customer needs and recommend solutions

How to Express Interest in This Job: Wells Fargo invites you to apply for this job at https://employment.wellsfargo.com/psc/PSEA/APPLICANTNW/HRMS/c/HRSHRAMFL.HRSCGSEARCHFL.GBL?Page=HRSAPPJBPST_FL&FOCUS=Applicant&SiteId=1&JobOpeningId=5435441&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.