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who underwrites wells fargo modifications

who underwrites wells fargo modifications? by starga_267_652 from Jasper, Texas. Feb 19th 2012 Reply


Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Wells Fargo underwrites their own mortgages. However, they happen to be a very large servicer or loans they do not own. In this case, the documentation for underwriting is prepared by them and then presented to the actual investor for a decision. This is one of the reasons it can take so long. www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Feb 20th 2012
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Wells underwrites their own. WilliamAcres.com

Feb 21st 2012
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