Unclassified - Livermore, CA
posted 5 months ago
The Wholesale Underwriter position is a temporary role lasting approximately 60 days, offering competitive pay ranging from $30 to $39 per hour, depending on experience. The primary responsibility of the Fulfillment Specialist III (Wholesale) is to process and underwrite residential loans from the Real Estate Settlement Procedures Act (RESPA) through to document drawing, all while working with minimal supervision. This role is crucial in ensuring that all loan applications are thoroughly reviewed and evaluated to meet regulatory standards and company policies. In this position, the underwriter will be tasked with reviewing and evaluating various documents, including credit reports, preliminary reports, judgments, bankruptcy documents, appraisals, and income documentation. The underwriter will also perform underwriting findings using tools such as Desktop Underwriter (DU), Loan Estimate (LE), and Assetwise, creating loan conditions as necessary. Additionally, the underwriter will prepare and mail conditional approval letters and Notices of Intent (NOI) in compliance with Regulation B and the Equal Credit Opportunity Act (ECOA). Another critical aspect of this role involves analyzing and calculating income documentation, which includes personal and business income statements. The underwriter must ensure that all necessary documentation is requested to support final loan decisions, thereby facilitating a smooth and efficient underwriting process. Candidates with recent wholesale experience are encouraged to apply for this exciting opportunity today!