underwriting rules and regulations: A Mortgage Originator's View of Property Valuations - 10/24/18 12:22 PM
 
 
A Mortgage Originator's View of Property Valuations
 
Recently I read an article by Appraiser Tom Horn (Birmingham, AL) entitled: "How do Appraisers Calculate Price per Square Foot?" ...  

Soon after reading this informative article, I received an Appraisal in my office on a (purchase) transaction I was originating.  
The article and the appraisal motivated me to write the following post.  It summarizes a few of the issues addressed in Tom's article and those I confront fairly often within appraisals I receive.   

Appraisals and the act of appraising are of great interest to me.  My interest doesn't spring solely from the fact that I'm a Mortgage Originator and appraisals … (20 comments)

underwriting rules and regulations: Avoid "Mortgage Approval-Ivy". Don't Make These Mortgage Mistakes - 02/27/18 01:12 PM
 
 
Avoid "Mortgage Approval-Ivy".
Don't Make These Mortgage Mistakes
 
When our boys were little, we decided to construct a home in the Lincoln-Way Area of the Chicago Southland.  When choosing a lot to build on, we visited subdivision after subdivision in the area.  
 
After deciding on the subdivision we wanted, we began a search for our building site.  We walked property after property trying to find the "perfect" lot.  
The lot we ended up choosing was located at the highest point of the street ... great for drainage.  And the lot was filled with trees that, although small at the time, would mature into nice shade for our home once … (35 comments)

underwriting rules and regulations: Ingredients for SUCCESS - A Puppy, Documentation, and a Mortgage - 10/26/17 03:16 PM
 
Ingredients for SUCCESS -
A Puppy, Documentation, and a Mortgage 
 
Mortgage financing is a "people business" ...
 
Because of that, human emotions, reactions, and life itself are on full and glorious display throughout the life of a mortgage transaction. 
 
And surprises ... especially when young, first-time home buyers are involved ... sometimes occur.
 
An Originator's life is never dull ...
 
Experience has taught me:  No matter how long I've been in the mortgage business (and I have 40 years under my belt),  I can still encounter "firsts", "never befores" and outright surprises while assisting my clients and referral partners.  
A transaction I had this last spring proved that point by containing … (39 comments)

 
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience (NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience

New Lenox, IL

More about me…

NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656

Address: Gene Mundt, Mortgage Originator c/o American Portfolio Mortgage Corp., 318 Alana Drive, New Lenox, IL, 60451

Mobile: (708) 921-6331

Office: (815) 524-2280



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