Commercial Loan Underwriter in Chicago, Illinois | DiversityInc Careers
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Commercial Loan Underwriter

Job Description

Wells Fargo Commercial Distribution Finance provides inventory financing solutions, service and intelligence through in-depth industry expertise and a commitment to customers.  As a leading provider in specialized financing and servicing solutions, CDF delivers when it comes to helping facilitate the manufacturing, distribution and sale of products across a variety of industries from Powersports, Marine and Recreational Vehicles, to Outdoor Lawn & Garden, Agriculture, Technology, and Electronics & Appliances. 

Job Responsibilities:

The Underwriter will be responsible for conducting routine credit investigations and determining whether to extend credit on companies across all Commercial Distribution Finance industries. 
Functions include:

•    Gathering and reviewing routine credit information for loans
•    Preparing credit reports for presentation
•    Spreading financial/credit information
•    Monitoring and following up on credit file conditions/ credit covenants
•    Monitoring documentation exceptions, responding to customer inquiries
•    Ensuring credit files are current
•    Generating status reports for management/bankers
•    Contacting available sources of information
•    Determining whether to extend credit to qualified borrowers


Required Qualifications

  • 3+ years of commercial lending experience

Desired Qualifications

  • Excellent verbal, written, and interpersonal communication skills
  • Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills


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.