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Why We Need to Flex Our ActiveRain Muscles

By
Mortgage and Lending with NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 IL Lic 031.0006220/WI
 

 

Why We Need to Flex Our ActiveRain Muscles



     Keeping Current Matters is a very popular website and news source for those within the Real Estate industry.  Their daily informative articles touch upon important and timely topics that are aimed at those hoping to buy a home, current homeowners, and for real estate professionals too.     

     Today's KCM newsletter topic, "Buying A Home? You Don’t Need To Do It Alone", contained many statistics that I thought interesting.  The majority of the statistics they provided within this article touched upon how challenging Mortgage Applicants are finding today's Mortgage Process. 

    

     The reported statistics I (a Mortgage Lender) found most revealing, were the following:

 

  • 59% of Buyers turn to Mortgage Bankers to help evaluate Mortgage terms and compare offers
  • 49% of Buyers turn to Real Estate Agents to help evaluate Mortgage terms and compare offers

      
     Yep ... you read that right!  

     Almost one out every two clients are relying on their Real Estate Agent for info, explanations, clarification, assistance, and guidance regarding Mortgage programs and offers they are receiving while seeking financing.  Just a mere 10% less than the number relying on their Mortgage Lender.

     These statistics prove: http://www.genemundt.com/MortgageChecklist.aspx

 

  • How crucial and valuable a good relationship between Mortgage Lender and Agent can be
  • How valuable ActiveRain, dialogue, and other educational opportunities/exchanges between professionals are


     Fact is, Mortgage Lenders and Agents need each other.  Home Buyers and Sellers need us to learn from each other. To assist one another.  To help reinforce each other.  And they need us to work in tandem towards one common goal ... a successful conclusion to their transaction.

     I honestly can't think of any other opportunity or website that helps us accomplish all of those things any better than ActiveRain.  The amount of information ... the access to other professionals within the industry ... the chances for asking questions ... the opportunity to exchange opinions and ideas... exists here on the Rain like nowhere else.

     With such a large percentage of our mutual clients depending on us to be well-informed, aware, knowledgeable regarding the entire process ... not just our portion of it, it's vital that we flex the muscles that AR provides and put them to good use.

      So we all need to roll-up our sleeves.  Widen our scope.  Seek out and pay attention to ALL professionals that contribute.  Ask questions.  Lots and lots of questions.  Every opportunity we can.

     And in return?  Share your expertise.  Give your opinions.  Offer your insights and tidbits of information.  

     We all gain from it.  And ...  

     Our clients are counting on us!


    Hoping to Buy, Build, or Refinance a home in the greater Chicagoland area?  Contact Me today!  I'll put my 37 years of Mortgage experience and expertise hard to work on your behalf.
     I can be easily found at:

Direct:  815.524.2280
Cell/Text:  708.921.6331
eFax:  815.524.2281
 

 

 

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 Twitter Account of Gene Mundt, Mortgage Lender   LinkedIn Account of Gene Mundt, Mortgage Lender   Facebook Acct. of Gene Mundt, Mortgage Lender   Pinterest Acct. of Gene Mundt, Mortgage Lender   

Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender   

 

  

 

 

Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                 IL Lic. #031.0006220  -  WI License #216987                                                                                                    

NMLS #175656

 

Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 

 

Your Referrals & Testimonials are Always Greatly Appreciated! 

 

 

Comments (78)

Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

We're the experts in our client's eyes. I try to stay on top of mortgage programs, but also work with a great lender that treats my clients like I do. 

Oct 18, 2014 09:36 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Wayne and Jean:  They do! Their articles are everywhere too ...

I used to see this often in the past, Joan Whitebook ... but not as much anymore.  You're providing old-fashioned service ...

Ann Marie Clements: Like that word "conjunction".  Each referral partner enhancing the other ... perfect ...

Sybil:  When in doubt, that is the best option to take ... glad to hear you have strong lending partners ...

Gene

 

Oct 18, 2014 10:24 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Thanks so much for letting me know that, Lynn B. Friedman.  I appreciate that support you're providing!

Tammie:  But you're providing the very assistance ... the very support I promote within my article.  You're obviously very aware ... very educated on what you do and don't know ... and call upon the lending professional to explain and reinforce when the needs are beyond what you can share.  But you're also in-tune with your clients when they need that "more" and instinctively know when they are confused.  I say that's a very strong and valuable agent ...

I am so happy to hear you express this, @Praful Thakkar.  I think that is a great service and of great value to your clients ...

Gene

Oct 18, 2014 10:32 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Perfect response, Claude Labbe.  And exactly the message I'm trying to get across.  Only when informed and educated themself, does an agent know when a Lender is or isn't providing good information ... or playing it straight with a client.  Like I said ... perfect ...

Definitely true in both cases, Bob Crane ...

Gene

Oct 18, 2014 10:36 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Always appreciate your commenting, Laura!

Mark:  Glad to hear that you're providing that follow-up service.  It's important ...

@Joe Petrowsky:  Doesn't surprise me one bit that you have this outlook.  The education and flow of info must go both ways .. and typically does between the strongest referral partners ...

@Chris Griffith:  I will be watching for those posts!  Sounds very interesting ...

Gene

Oct 18, 2014 10:39 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

John F Muscarella:  Great approach to it.  And I'm betting what you know is constantly growing ...

@Kat Palmiotti:  I'm not recommending that agents be lending experts ... not visa versa.  A working knowledge that protects their own interests within a transaction ... and that of their client's ... is important though.  

Gita:  The perfect thing to do!

Gene

Oct 18, 2014 10:44 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Scott Seaton Jr. Bourbonnais Kankakee IL Home Inspector:  I so agree with you.  It's VERY smart to stay connected ... and educated ...

Richard Robibero, SRS:  I strongly urge that you take that action ... it helps the clients immensely  ... but also protects you from wasting time on clients that cannot buy at all ... or must purchase within a specific price range ...

Gene

Oct 18, 2014 10:46 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Always is wonderful when my friend, Richie Alan Naggar Author PEARLS SERIES of books ... stops by and comments.  Thank you!

Shannon Milligan, Richmond VA Real Estate Agent:  A perfect way to express it!  Like peanut butter and jelly ... love it!

Gene   

Oct 18, 2014 10:49 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Lyn Sims:  You and I have talked enough that I know for a fact that you know and are educated about much.  Your radar would go off bigtime if you thought your client was receiving poor lending advice or being told something out of the norm.  And that is what I speak of here.  What you have learned here on AR and through experiences serves your clients well.  And is of huge value ...

Gene

Oct 18, 2014 10:53 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Noah Seidenberg:  I see it as a huge compliment to an agent really.  If clients are comfortable enough ... trust you enough ... to ask these questions, they have come to value your input greatly.  That's also of great value to your referral partner, the Lender.  

Karen Fiddler, Broker/Realtor:  Exactly what I am promoting within my post!  Perfectly said ... perfectly performed ...

Gene 

Oct 18, 2014 10:59 AM
Bill Reddington
Re/max By The Sea - Destin, FL
Destin Florida Real Estate

My first and only suggestion is that a buyer needs to talk to a mortgage Banker or Lender. Used to have a mortgage brokers license but I just don't know all the ever changing necessities of getting a loan.

Oct 18, 2014 02:26 PM
Gerard Gilbers
Higher Authority Markeing - Asheboro, NC
Your Marketing Master

I believe it is important to be informed and better yet know those in their field that can best help a client. It was ingrained that we should only work within our area of expertise - this even means not dealing with certain real estate transactions!

Oct 18, 2014 03:34 PM
William Johnson
Retired - La Jolla, CA
Retired

Hi Gene, A wonderful post that deserves to be Featured. Our business is about relationships. Not just with consumers but with related industries that want to be a part of our team. It is also a good agent that will learn the lending terms and understand them. Published rates are not good enough. You need to understand how the rates apply to varying scenarios. For the full specifics, the lender is there to recommend the products they have that will suite the Buyer's needs. 

Oct 18, 2014 03:44 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Gene - I'm so proud of you for writing this post and happy to see it was featured. You're a great man who has so much to offer. May you always be happy, healthy, surrounded by friends and successful too.

Oct 18, 2014 09:06 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Great post! It is so important for us to work together - realtors and lenders - and for us as realtors, our best partner is always a good lender! 

Oct 18, 2014 09:43 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Gene, rarely does a buyer ask me questions about a loan, but do give a few recommendations!   I definitely want them to use a lender that can get the job done!  

Oct 19, 2014 09:28 PM
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

I think we can all benefit from having a working knowledge of matters relating to our primary profession Gene.

Oct 20, 2014 02:39 PM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Nice article that explains exactly why I am a member of the Rain. Congrulations on the cool million!

Feb 02, 2017 05:05 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

Thank you, Nathan Gesner 

Feb 02, 2017 09:29 AM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Congratulations on your featured post -- and for your Active Rain milestone! I absolutely agree that the collaboration and sharing of information between lenders and real estate agents is essential, and nowhere does that happen more readily than on Active Rain.

Feb 02, 2017 08:24 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

I've learned so much via this opportunity, Lottie Kendall ... always appreciate you sharing .. and commenting.

Feb 02, 2017 09:30 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi - first of all congratulations on being a AR millionaire by creating value!  Active Rain is a great way the the "real estate power team" to get together and compliment each other.

Feb 04, 2017 08:58 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

Thanks so much, Grant Schneider .. totally agree ...

Feb 04, 2017 09:22 AM