Unclassified - Livermore, CA
posted 5 months ago
The Wholesale Underwriter position is a critical role within our established company, offering competitive pay and a fun work environment. This position is designed for individuals who thrive in a fast-paced setting and possess strong efficiency and multi-tasking skills. As a Wholesale Underwriter, you will be responsible for reviewing and evaluating various financial documents, including credit reports, preliminary reports, judgments, bankruptcy documents, appraisals, and income documentation. Your expertise will be essential in ensuring that all necessary documentation is requested to support final loan decisions, thereby contributing to the overall success of the organization. In this role, you will perform underwriting findings using tools such as DU/LE/Assetwise, create loan conditions, and prepare and mail conditional approval letters in compliance with regulation B/ECOA. You will also analyze and calculate income documentation, including personal and business income statements, to ensure accuracy and completeness. Regular communication with clients is a key aspect of this position, as you will contact them to review loan programs and conditions, follow up on appraisals, and verify employment when applicable. Additionally, you will be responsible for approving complex loans across various product types, including conforming, jumbo, CBLX, CALHRA, wholesale, and purchase products. You will also assist the Director of the department with special projects and ensure quality control of broker packages. This position is ideal for candidates who are detail-oriented and possess a strong understanding of the underwriting process.