1+ months
2017-12-012018-02-19

Property Underwriter (Real Estate Valuer / Appraiser)

London, England W1A 2LQ
  • Job Code
    17948BR-1
Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services. Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai International Financial Centre (DIFC), Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo, and Toronto.

The Wells Fargo Commercial Real Estate division is now established as one of the premier providers of real estate finance in the UK and Irish markets. The London branch focuses on a wide spectrum of real estate assets including the core commercial asset classes of office (particularly London), logistics, light industrial and retail plus student housing and residential (for sale/BTR). Clients are both UK and internationally based including leading REITS, fund managers and large private property companies. Typical transaction sizes average 50-100million and the team extended in excess of 2 billion of new commitments in 2016.

The role of the Commercial Real Estate (CRE) Property Underwriter will be to work with the Relationship Managers and Credit team on new and existing loans providing initial property risk appraisals, valuations and opinions on the suitability of properties as loan collateral.We are seeking an experienced propertyvaluer to join the existing team - therole includes valuation, research into markets, locations, assets, rents and yields and forms an important part of the CRE decision-making process - the successful candidate will be comfortable discussing properties and the property market with senior team members in the UK and US. The candidate will have an assigned portfolio of loans which will require regular monitoring and revaluing as well as close involvement with new business.

The level of supervision required will vary according to the candidates experience; however we are seeking an enthusiastic candidate who needs limited supervision for the following key responsibilities:
  • Providing impartial verbal and written opinions to the Relationship Managers and Credit about the quality of location, re-letting prospects, condition, cost of refurbishment, rental and capital values, downside values, longer term prospects etc.
  • Preparing quarterly updates on loan collateral including market commentaries, valuations and rent/ yield comparable.
  • Monitoring property collateral for existing loans, assisting with consents for new lettings, surrenders, alterations to properties, sales etc.
  • Inspecting property assets, usually with Relationship/Credit team members.
  • Principally focussing on office, retail, logistics/light industrial, student and residential (for sale/BTR) and including investment, development and vacant properties.
  • Providing an accurate insight into individual assets and the property markets in the UK and Ireland supported at all times by research and leveraging contacts within the surveying/ valuation sectors.
  • Liaising continually with Relationship Managers, Credit and RETECHS (the banks team responsible for commissioning and reviewing formal loan security valuations, condition reports etc).
  • Attending internal and external meetings where you will be asked to give opinions on assets, markets and issues relating to property.
  • The role excludes the commissioning and formal review of external valuations, condition reports, environmental reports and development monitoring reports.
The Property Underwriting Group has 4 current team members and a relatively flat structure - each team member takes responsibility for their own workload but there is constant discussion about assets, markets etc within the team with team members supporting each other when required.
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Property Underwriter (Real Estate Valuer / Appraiser)

Wells Fargo
London, England W1A 2LQ

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Property Underwriter (Real Estate Valuer / Appraiser)

Wells Fargo
London, England
GB

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