CALL THE UNDERWRITER (CTU)
An RMLO, underwriting, risk evaluation, and compliance service for creators of owner occupied and investor seller finance loans
We help seller finance and creative finance investors ensure their borrowers meet the 8 required elements of Ability to Repay outlined in Dodd-Frank. We provide underwriting services only for seller financers, to help them meet their federal requirements under Dodd-Frank and the Safe Act for seller finance transactions of owner-occupied home loans. We are not a lender, and we do not originate loans.
Full Service RMLO, Underwriting, and Dodd-Frank Compliance Services
Owner-occupied loans and Investor loans
Single family | Mobile homes | Land
First position | Second Position | Wraps | Subto Loans
Voted #1 RMLO for Seller Finance in Best of Notes 2020, 2021, 2022, 2023 and 2024
NMLS #2671035
What's included with each RMLO / underwriting package*:
Required Loan Estimate and Closing Disclosures
Dodd-Frank certification
Form 1008 Uniform Underwriting and Transmittal Summary
Credit report
Borrower loan application and income documentation / verification
All documents generated and raw data collected during the underwriting process
*We can also provide mortgage / note deed of trust documents for an additional fee, except for wrap and mobile home loans.
The process for working with us to underwrite a loan:
- Find your borrower and agree to the sale price / loan terms / fees
- Prescreen your borrower for red flags, using our 1 page guide HERE
- Submit a term sheet to Call The Underwriter HERE
- You’ll receive a confirmation email back with links to send to your borrower for them to submit their loan application, credit authorization and income docs directly to us
- Once we have everything, we’ll complete the underwrite in 24-48 hours
- You’ll receive the Loan Estimate, and any require Loan Conditions to clear prior to closing
- Once you and your borrower have confirmed the Loan Estimate doesn’t require changes, we’ll send the Closing Disclosure
- When the final invoicing is cleared we’ll send you the full underwriting package including: the Dodd-Frank certification, 1008 form, borrower credit report, loan application an income documentation, all data related to the file
How it works
This short 8-minute video below will explain our process, what to expect, and how to get your deal started:
Submit a deal
To get started, submit your underwriting package by clicking 'Term Sheet' below. You'll then receive the application and authorization form for your borrower to fill out, along with the income documentation needed. Once we have all of the borrower information we'll underwrite the file, provide any required loan conditions, and once the conditions are cleared send the required disclosures and the full underwriting package.
Yes, we have Spanish-speakers to assist your borrowers
If your borrower needs assistance filling out their application and providing their income documentation, we will reach out to them to arrange a time to work with them directly to complete the process
Frequently Asked Questions
Call The Underwriter provides underwriting services for seller finance / owner finance 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.
Yes, we have a native Spanish speaker on staff who can assist your borrowers.
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.
Yes, we have a large network of clients in the subto community, and real estate investors involved with creative finance. There may be additional disclosures required, and you should work with your attorney to make sure you meet those requirements.
No. These two terms are typically used interchangeably.
Investor Resources
Submitting a term sheet is the first step in engaging with us to have a loan professionally underwritten. Once you have a borrower identified and the terms of your deal (loan terms, sale price, borrower fees, etc), submit the term sheet to us using the form linked below. After you submit the term sheet you’ll receive instructions and links to send to your borrower.
Have you ever sold real estate and held a promissory note? If so, have you considered how much money could be earned from selling all or part of the payments quickly? There are some valid reasons for wanting to sell off your notes fast.
There are many reasons to sell your note, such as paying off debts, investing the money elsewhere with a better return, diversifying your portfolio, or simply gaining peace of mind knowing that you don’t have to take all of the steps necessary in order to ensure its value.