Wells Fargo Consumer Loan Underwriter Interview Questions | Glassdoor

Wells Fargo Consumer Loan Underwriter Interview Questions

Updated Sep 28, 2016
30 Interview Reviews

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  1.  

    Consumer Loan Underwriter III Interview

    Anonymous Employee in Lombard, IL
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took 2+ months. I interviewed at Wells Fargo (Lombard, IL) in July 2016.

    Interview

    There are typically 2 rounds of interviews at Wells Fargo. First, the human resources team and the actual recruiter will screen the resumes submitted for the position and place a phone call to the applicants who look like they meet all of the qualifications and might be a good fit. This will be a short basic interview likely just about your experience, work history, overview of the position applied for, and any salary expectations. Then the recruiter will select the best phone interview applicants and forward to the actual hiring manager in the business unit to review & schedule a face-to-face interview with any applicants they want to pursue. This will be a 30 minute - 1 hour interview with behavioral based questions in which the manager attempts to gauge your past performance and outcomes when handling certain situations. Corporate HR composes all of the questions in a packet ahead of time and the manager can choose between a list of 2-3 questions for each topic, with around 6 topics total. The manager will rate your responses on a scale of 1-5 (5 being the best) in order to get a rough score of your interview when ranked among other candidates in the selection process.

    Interview Questions

    • Describe a situation in which you wanted to approve a deal which was over the maximum allowed ratios and what was the reason?   Answer Question
    • Describe a time in which you had to work with others in an adverse or difficult situation, what actions did you take, and what was the outcome?   Answer Question
    • Not a question, but they will ask you to go over general information including your work history/background and what your job responsibilities were, why are are looking for/applying for a new job, what is your experience level with calculating different types of income especially self-employment income.   Answer Question

    Negotiation

    If they want to make you an offer, the recruiter in human resources assigned to this position (the one you originally spoke with for the phone interview) will contact you. She will give you the offer (annual $ or hourly rate equivalent), the scheduled hours/shift times, and approx. start date. If you want to negotiate you can only negotiate on the pay and the work schedule. Since Wells Fargo is so large you will not be able to negotiate any type of benefits (such as extra vacation days, etc.) as these are the same for all employees. The recruiter will be the middle man between you and the hiring manager (who you did the face-to-face interview with) for all negotiations. If you verbally accept the offer then they will send you a formal written offer letter and conduct a background check.

  2. Helpful (5)  

    CONSUMER LOAN UNDERWRITER Interview

    Anonymous Employee in West Des Moines, IA
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. I interviewed at Wells Fargo (West Des Moines, IA) in October 2015.

    Interview

    First step was a call with HR that lasted about 15-20 minutes. After 3-4 days, I was contacted for a face to face interview. 1 week later, I had an hour long face to face interview with the hiring manager on site.

    Interview Questions

    • Tell me a time when you made a decision without all of the factors available   1 Answer
    • Tell me a time when you managed a high pipeline; what did you do to ensure quality was maintained?   Answer Question
  3.  

    Accepted Offer
    Positive Experience
    Easy Interview

    Application

    I applied online. The process took 2 weeks. I interviewed at Wells Fargo in May 2015.

    Interview

    The interview was very easy. My manager asked basic question. I also had an interview with the VP of our department. It was a get to know you type of interview.

    Interview Questions

    • Basic interview questions. nothing specific to underwriting   Answer Question
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  5. Helpful (4)  

    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied through an employee referral. The process took 5 days. I interviewed at Wells Fargo.

    Interview

    Internal Process I interviewed for a position within my department for advancement I was selected as an underwriter from a processor but it was a lateral move. Wells Fargo gives you the opportunity to advance in positions but not salary. This is why I think that this company is not great over all

    Interview Questions

    Negotiation

    NONE

  6.  

    Consumer Loan Underwriter II Interview

    Anonymous Interview Candidate
    Declined Offer

    Interview

    Very basic, but overly interested in minimal things. For example, college gpa was of huge importance to the interviewer. Seemed a little strange to me, but hey still got the job. I woudl recoemdn it if you have the passion to scuced, but make sure you are ready to work from day one!

    Interview Questions

    • Very basic, but overly interested in minimal things. For example, college gpa was of huge importance to the interviewer. Seemed a little strange to me, but hey still got the job. I woudl recoemdn it if you have the passion to scuced, but make sure you are ready to work from day one!   Answer Question
  7.  

    Consumer Loan Underwriter III Interview

    Anonymous Interview Candidate
    No Offer
    Neutral Experience
    Difficult Interview

    Application

    I applied online. The process took 4 weeks. I interviewed at Wells Fargo.

    Interview

    Interviewed with Recruiter via phone, Set several appointments and finally interviewed during vacation. I am personally responsible for not setting myself up properly. This was my first phone interview and I typically am a pretty quick responder -I think I was focusing on vacation and not being hired.

    Interview Questions

    • What was a time you remember that was difficult and how did you handle and resolve it   2 Answers
  8.  

    Consumer Loan Underwriter III Interview

    Anonymous Employee in San Antonio, TX
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied online. The process took 4+ weeks. I interviewed at Wells Fargo (San Antonio, TX).

    Interview

    phone interview, in person interview. waited about 30 days to have an offer sent to me. pretty easy process but I had the experience for the job i was going for.

    Interview Questions

  9.  

    Consumer Loan Underwriter II Interview

    Anonymous Employee in Charlotte, NC
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. I interviewed at Wells Fargo (Charlotte, NC) in May 2014.

    Interview

    This process is a Wells Fargo process with one or two phone interviews and then a face-to-face. The process I would consider "full circle" with phone screening and formal interviews that follow.

    Interview Questions

    • Behavioral questions as well as the ability to act in and make decisions in critical situations   1 Answer
  10.  

    Consumer Loan Underwriter III Interview

    Anonymous Employee in Milwaukee, WI
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took 3+ months. I interviewed at Wells Fargo (Milwaukee, WI) in April 2014.

    Interview

    First round is a phone interview and the second interview is face-to-face with the hiring manager. It is a behavorial based interview in which they will give you scenarios/questions and want you to describe a situation you previously encountered and what skills you used to resolve.

    Interview Questions

    • Describe a time in which you had to make an exception to the normal rules/guidelines, what was the action you took, and what was the outcome.   Answer Question
  11.  

    Consumer Loan Underwriter II Interview

    Anonymous Employee in Fort Mill, SC
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied online. The process took 2 weeks. I interviewed at Wells Fargo (Fort Mill, SC) in February 2014.

    Interview

    The interview process involved a lot of situational type questions. You have to give examples of past work related experiences. The more detailed you are, the better. It's their opportunity to get to know you and your work ethic. Most interviews are with the hiring manager only. They do their best to make you comfortable during the interview.

    Interview Questions

    • Discuss a time when you had to complete a task that involved a new process or procedure. How did you complete it?   Answer Question

    Negotiation

    I was able to negotiate the pay that one desired. My advice is to use your experience to sell yourself and explain why you would be an asset to the company. I made them realize this.

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