There's No 'I' in Mortgage

Reblogger John Meussner
Mortgage and Lending with Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, NMLS #138061 MMCD #1141

Gene knocks it out of the park with this one ---- a good LO does so much more than take an application --- the best LO's have a network of title agents, attorneys, insurance people, Realtors, financial advisors, and so many more members that make an all around financial team, and when that team works together - the borrower wins, every time.

There's No 'I' in Mortgage




       I have a confession ...     

 
     I am a "Sportsaholic".  Anyone that knows me knows that to be true.  Especially my wife.

     Name the sport.  I probably watch it or follow the outcome of its competition/games.  Football, golf, baseball, basketball, hockey, bull riding, tennis, more ... all of them pretty much at all levels.  Local kids teams to professional.

     It probably comes as no surprise then, that I've caught a few of the "March Madness" college basketball games played over the last couple of weeks.  Okay. Admittedly, more than a few ...

     While I've watched those games, it's become obvious to me that the old saying, "There's no 'I' in Team" is true. The teams that have played the most cohesively as a group have won their games. 

     It's also hit me that much the same could be said of mortgages ... "There's no 'I' in Mortgage".  Because in today's mortgage lending, there's simply no one person that can originate a loan from start to finish without the help of a "team" of people.  

     As an Example:  In the typical Illinois/Chicagoland transaction, there are many people (occupations/team members) that normally take part in the facilitation of a mortgage transaction.  Those are:

  • Mortgage Originator
  • Buyer
  • Seller
  • Realtor (or Builder)
  • Home Inspector
  • Attorney
  • Title Company (Company & Agent)
  • Loan Opener (Orders Appraisal, Verifications, Moves File to Mortgage Processing Department)
  • Loan Processor (Collects, Reviews Data & Submits loan files to Underwriting)
  • Appraiser/Appraisal Management Company
  • Management Company/Homeowners/ Association (if transaction applies)
  • Underwriter (Reviews & Approves File)
  • Loan Closer (Prepares Documents/Funds)
  • Title Company Closer (Coordinates Buyer/Seller Documents)
  • Homeowners Insurance Agent
  • Mortgage Insurance Company (if applicable)



     Teamwork between all of the above is ESSENTIAL to the fluidness and success of the transaction ...   

      If even one of the people mentioned above doesn't complete their portion or task within the processing of the transaction ... or doesn't perform it in a timely, thorough manner ... the deal can derail.  Get off-track.  Temporarily or permanently.

     This speaks to the importance of this fact for Buyers and Sellers ...  

     Taking the time and making the effort to find and select their transactions' "Team" members can't be overstated.  The choices made can have a huge impact on their transaction's outcome.

     No matter the sport or endeavor, the ability and talent to work as a "team" is typically very important.  That is definitely true in today's mortgage financing. 

     There's no 'I' in Mortgage ...

  

 

 

     *  Looking to Buy or Refinance a home in the Chicagoland/IL & WI area?  Contact me today!  I'll put my 37 years of mortgage expertise and experience hard to work on your behalf.
     I can be easily found at:


Gene Mundt

Mortgage Originator  -  NMLS #216987  -  IL Lic. #031.0006220  -  WI Licensed

American Portfolio Mortgage Corp.

NMLS #175656  

 

Direct:  815.524.2280

Cell/Text:  708.921.6331

eFax:  1.815.524.2281

gmundt@goapmc.com

www.genemundt.com

 

 

 

 

 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   

 Trulia Acct. of Gene Mundt, Mortgage Lender   Zillow Acct. of Gene Mundt, Mortgage Lender     Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender  

    

 

Gene Mundt

Mortgage Originator  -  NMLS #216987    

IL Lic. #0006220  -  WI License

American Portfolio Mortgage Corp.

NMLS #175656

                                                                    

 

Gene Mundt, Mortgage Originator,  37+ 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. 

Contact Gene Mundt, Mortgage Originator Today!

 

Your Referrals are Greatly Appreciated!

Email Me .. to be added to my Bi-Weekly Mortgage & Real Estate Newsletter

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Ambassador
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

John you are right Gene hit it right on the nose.  A sure way to have a loan fall apart is to try doing it all on your own.

Mar 29, 2016 09:24 AM #1
Rainmaker
1,246,107
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

John, great post to re-blog. It does take a team to get it done, not a one man's job for sure.

Mar 29, 2016 09:53 AM #2
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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

John

I missed Gene's post so thank you for sharing. It's really true about our business in general. It IS a team, or the transaction will likely fail.

Jeff

Mar 29, 2016 10:11 AM #3
Rainmaker
1,078,053
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

Thank you so much for your re-blog of this post, John Meussner ... and you're right.  We have to know the butcher, the baker, and the candlestick maker these days in order to fully serve our clients and referral partners.  Wouldn't have it any other way though, right??

Hope you're doing well!

Gene

Mar 30, 2016 08:25 AM #4
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

The breakdown of spending and cost can be what I learned to be termed as Brobdingnagian (which means really huge lol and daunting).

Mar 31, 2016 04:32 PM #5
Rainmaker
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

This was definitely a good choice for a re-blog because it's so universally needed by people that are into this niche

Mar 31, 2016 04:33 PM #6
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John Meussner

#MortgageMadeEasy Costa Mesa, CA 484-680-4852
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