There's No 'I' in Mortgage

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

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 NHL Stanley Cup playoff games played over the last couple of weeks.  Okay .. admittedly more than a few ... and that number even though my beloved Chicago Blackhawks aren't involved this year.

     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 or buy an Investment property in the New Lenox - Will County - Chicagoland/IL & WI area? 


        Contact me today!  I'll put my 40 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





Posted by


 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! 


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


Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. John Meussner 03/29/2016 06:58 AM
Lending / Financial
Illinois Will County New Lenox
Chicago Area Real Estate BUZZ!
Consumer Mortgage Tips
Advice for Buyers
march madness
choosing your lo

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

You scored a double eagle with that one! The real estate transaction is more than a single player for sure.

Mar 29, 2016 05:49 AM #4
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Great post here, Gene.  This also brings to light the importance of an experienced, well-networked LO ---- we have the resources to make a transaction much better than someone sitting in a cube with a headset, and no real team to help keep things moving smoothly.

Mar 29, 2016 06:57 AM #5
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Happy to see this Featured!

Excellent post and great information!  

Mar 29, 2016 07:02 AM #6
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Nice analogy, Gene.  And, nice to pay due respect to all of those that make every successful transaction a reality.  Have a great week!

Mar 29, 2016 07:27 AM #7
David Alan Baker Laveen & South Phoenix Realtor
Keller Williams Realty Phoenix - Laveen, AZ
Your local Expert

This also includes the buyer or seller being a part of the team, which is on the list. Anyone slacks, everyone feels it

Mar 29, 2016 08:03 AM #8
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Genee this an awesome post!  There is no I in TEAM. And that is so true in our industry. Most of the folks I work with are very good at team playing. Only a few fail miserably.  We think our our office as a TEAM as well and we all work really well together.

Mar 29, 2016 08:04 AM #9
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Gene you 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 09:25 AM #10
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude


Well you have knocked one out of the ballpark with this post. This should be everyone's mantra. A successful real estate transaction IS the result of a team effort.


Mar 29, 2016 11:11 AM #11
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

It is why we believe in a "lender list" when all the players are at the top of their game...and understand it IS a team effort....everyone wins !

Mar 29, 2016 07:32 PM #12
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, - Monroe, NY
The House Kat

Exactly, there's no "I" in real estate. It's all about teamwork!

Mar 29, 2016 09:22 PM #13
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Gene.  Very interesting blog.  So many cogs that have to mesh in a transaction.

Mar 29, 2016 09:37 PM #14
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I love the post. Congratulations on the feature. Have a good day.

Mar 29, 2016 10:01 PM #15
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

And that is why being able to manage and coordinate a team effort is so important. 

Mar 30, 2016 01:51 AM #16
Theresa Akin

"I" stands alone. "We" work together!

Mar 30, 2016 05:52 AM #17
Ron Aguilar
Continental Mortgage - Saint George, UT
Mortgage & Real Estate Advisor since 1995

The list is good when the file is in processing but to market and get it there a team may also be necessary...Go back to work people

Mar 30, 2016 06:10 AM #18
Dinah Stallworth-Lewis
Priority Real Estate LLC - 800.978.4847 - Natchitoches, LA


Great blog!  I like how you tied this all together with basketball and teamwork.  And I agree, it takes all the professionals you list working together as part of a team to get the deal closed or get a slam dunk as it relates to real estate.


Mar 30, 2016 11:23 AM #19
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi - goes without saying, a team can achieve more - most of the time!

And that's why, no 'I' - loved the title.

Mar 30, 2016 12:26 PM #20
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

What a clever post, Gene!  I am bookmarking this information to share with those seeking a mortgage, so that they can further understand the complexity of securing a mortgage.

Mar 31, 2016 12:44 PM #21
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Same with our job, we can not tell: I closed the deal, it is always a large team who helps our principals to sell/buy. 

Apr 04, 2016 05:24 PM #22
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Good communication is essential to completeing a transaction.  Great post.

Apr 08, 2016 04:12 AM #23
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


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

708.921.6331 - 40+ yrs experience
Contact Me For Mortgage Answers, Info & Assistance:
Spam prevention

Additional Information