"Will the Mortgage Process Get Easier Soon?"

Mortgage and Lending with NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 IL Lic 031.0006220/WI
"Will the Mortgage Process Get Easier Soon?"


     I'm questioned about the topic of mortgage processing all the time.  But probably the question I hear most often, especially from those within the industry is, "Will the mortgage process get easier soon?"
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     It'd be easy to give a quick answer ... and say "yes" or "no".  But truthfully, I believe the answer is really ... "maybe".

     After reading yet another news article on this topic just this morning,  ("When Will Mortgage Lending Standards Ease?" by Tim Manni, U.S. News & World Report) I thought it time to broach the subject again.

     Within the article above, it gives the author's opinion on a list of actions that must take place in order to cause (positive) changes within current lending standards.  I'm sure all the items mentioned on this list can and will be debated as to IF they will ever happen, or at minimum, WHEN they might happen.  My personal opinion is that even if things change on this scale, it'd be quite a while before we see results from those changes. 

     Those considering Buying a Home (or Refinancing) have the power to control some of their own destiny regarding the mortgage processing services they experience and receive.  There ARE steps they can take to insure a faster, smoother mortgage process.

     Now some will say that what I tell you here is self-serving.  I'm a  Mortgage Lender.  And that would be true, for I firmly believe that there are differences to be found within the mortgage service(s) and guidance I offer and that of other lenders.  But that said, this is also true ...

     There are Mortgage Lenders that have soaked-up and retained vital information, learned valuable services, and honed tools while navigating their clients during the last few years of more strict Underwriting regulations.  And there are others that have not.  Here's a few ways to measure ...

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     A good Mortgage Lender provides potential mortgage applicants guidance and assistance well prior to actual  Mortgage Application.  They answer questions thoroughly.  Spend the time necessary to educate regarding the process and how it transpires.  They assist in every phase leading up to application.  Credit Repair.  Documentation needs.  They help their clients become the best mortgage applicant possible.

     A good Mortgage Lender has learned from prior Underwriting experiences to anticipate what Underwriters typically request during certain mortgage financing scenarios.  And they will have prepared themselves, their files,their clients, and the other professionals within the transaction for those Underwriting requests in advance.  

     By doing that, the good Mortgage Lender eliminates many last minute issues from arising.  The Lender cuts down on the stress level for all involved within the transaction.  They save time.  They meet deadlines and set contract dates.  They can save money.  They can save entire transactions from falling apart.    

     The good news regarding this is ... You as the potential Mortgage Applicant retain and have complete control over who you choose as your Mortgage Lender.  You don't need to feel like a human pinata during your mortgage processing.  You are not defenseless.  

     Use the power at your disposal!  Flex your muscles!  Put yourself in the driver's seat!  Take the time and make the effort to find the very best Mortgage Lender possible for you and your needs.  Seek  referralsCheck references.  Ask questions.  It makes a huge difference as to the speed, quality, success, and level of enjoyment you experience while in the mortgage process for your home.

     "Will the mortgage process get easier soon?"  

     Yes!  No!  Maybe!  You help decide ...

Contact info for Gene Mundt, Mortgage Lender
     *  Hoping to Buy or Refinance a home in  New LenoxWill/DuPage Counties, or elsewhere in the Chicagoland area?  Contact me  today!  I'll put my 36+ years of mortgage expertise and experience hard to work on your behalf.
     I can be conveniently found at any of the following:

Direct:   815.524.2280
Cell/Text:   708.921.6331
eFax:   815.524.2281      Skype:   630.219.1316


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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! 




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Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

YOU would be someone I'd be very comfortable with going through the mortgage process.  I'm sure you'd make sure I understood everything clearly and what my options were and what would be best for me.  Since this is something I know little about, there is no doubt that I could ask you anything and not feel foolish for asking.

Apr 05, 2013 07:34 AM #1
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

Roger .. thanks so much!  That means alot to me.  I hope others feel the same way.  It's something I strive for definitely ...


Apr 05, 2013 07:40 AM #2
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Gene - You're certainly right that the best way to ensure the easiest possible process under any conditions is to work with a competent, professional lender like yourself. Just as with agents, there's a uncomfortably wide range of quality out there - choose the wrong lender and it won't be pleasant, whether or not standards have changed.

Apr 05, 2013 09:11 AM #3
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

True, Dick ... it boils down to the individual and how well they handle the business.  Anymore, if you're not doing business consistently .. it's hard to stay on top of all the changes in our industry.  You have to be busy to stay busy and do it well ...

Thanks for commenting!


Apr 05, 2013 10:50 AM #4
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Gene. This is a very important topic. Most Realtors, Brokers and Agents know that the experience, style and commitment to the profession make all the difference in the world. Dealing with a newbie or cousin can make everything go away. Well done.

Apr 05, 2013 10:13 PM #5
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Lots of great points in your post. We have all gotten used to the process, which is now the new normal and you are right about the last minute stuff is very frustrating.

Apr 05, 2013 10:55 PM #6
Frank Laisch
Orlando, FL
"The Insurance Guy"

Gene, I'd agree with maybe. some things never seem to get easier but having someone like you guide them through the process makes it much easier

Apr 05, 2013 11:52 PM #7
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, Sheila.  When searching for a Lender, (or agent) it's not the time to allow the choice to be happenstance or convenient.  You're SO right about that.  Thanks for the thumbs-up!

Joe:  Hate last minute surprises for so many reasons!  Best to head issues off at the pass and not have to suffer through them ... agreed!

Frank:  Who knows what will happen with the economy and all the rules and regulations??  Best to deal with what we know and handle it as pro-actively and best as possible.  Clients should be looking for Lender that have learned from the past and will put that knowledge to good use ...


Apr 06, 2013 01:22 AM #8
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience
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