Call The Underwriter provides underwriting services for seller finances loans. For owner occupied loan we will validate your borrower’s ability to repay and help you create a Dodd Frank compliant loans. You’ll receive the required loan estimate, closing disclosures, and full underwriting package.

Our services are also applicable to these loans.  Dodd Frank regulations may not apply in these cases, but as an investor you still want to vet your borrower and understand the risk level of your new loan. And having a full underwriting package will increase the value of your loan if you decide to sell it.

We can provide closing docs, or you can get them through your title company or attorney. We support all 50 states. We can’t provide closing docs for mobile homes. Also, if you are creating a wrap loan, our docs do not include the required disclosures for the underlying debt. For wraps you will need to provide your own legal disclosures for the wrapped debt.

Once we receive the term sheet and all borrower documentation, it typically takes 1-3 business days for us to complete the underwrite, depending on the complexity of the file and the current workload. We’ll then send any loan conditions that need to be cleared by the borrower, and you can close 7 business days after the Loan Estimate is issued. When considering time for the borrower to provide all of the information and clear conditions its best practice to submit your term sheet to us at least 2 weeks before you plan to close.

To pull credit, we can use either an SSN or an ITIN.  Candidates with neither (ex: green card only), will not meet Dodd Frank requirements.

The list of income documents needed (depending on whether the borrower is a W2 earner, self-employed, or on SS) is HERE.

Call The Underwriter is a service provider who works on the behalf of lenders. Because we do not work on behalf of borrowers or extend credit, we are not legally permitted to invoice borrowers.

Yes, almost all Call The Underwriter clients include the underwriting fee as a closing cost to their borrower.