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Don Quixote, Mortgages and Going With the Flow

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


Don Quixote, Mortgages and Going With the Flow


Do you remember the story of Don Quixote?  Or the Broadway play and musical, "Man of  La Mancha"?  


If so, you probably remember it includes a windmill, a donkey, and some pretty great music.  But a brief synopsis I found condenses this classic's storyline to ... 


"Don Quixote teaches us that life is to be challenged.  

That Don Quixote does not accept current reality".

Our world has been blessed and well-served by many that have chosen NOT to give in or give up.  Consider these people as prime examples:


  • Franklin Delano Roosevelt:  He was struck with paralysis when he was 39 years old.  
  • Michael Jordan:  He was cut from his high school basketball team.
  • Henry Ford:  Ford's first attempt at running a car-making company went belly-up.  So did his 2nd attempt.  On his third try, he started the "Ford Motor Company".  
  • The Beatles:  Early in 1961, the Beatles auditioned at Decca Recording Studios.  It was pronounced that "guitar groups were on their way out".  The group, just 5 months later, signed with George Martin. 

In each scenario, history taught us that their stories didn't end with those defeats.  Great determination and pure grit were demonstrated by each.  Huge successes followed.   

A list of other people with similar stories could stretch on forever.  And without a doubt, they provide us much inspiration and great lessons to learn from.  Yet, they do NOT showcase the lesson or message I wish to spotlight here.
Instead, I wish to focus on the exact opposite ... giving in and "going with the flow" ... and the wisdom of doing so.
Now before you start yelling, consider:

There is an old saying that goes, "there is a time and place for everything".  


The challenge for us lies in knowing "when and where" those times and opportunities exist ...  


And I submit, that as it applies to the financing and processing of a mortgage, the act of "giving in and "going with the flow" can indeed be very wise.  The timing can actually be ripe for it.


During mortgage pre-approval, mortgage application, and mortgage process:  There are requests and actions that must be adhered to and acted upon should you wish to successfully close on your mortgage.  Simply stated, no lender will allow you to proceed to Closing or Escrow should you skip or leave them unfulfilled.


A lender's questions, as well as an Underwriter's, must be answered.  Their requests for action(s) must be taken.  Documentation needed must be submitted.  Not complying isn't an option.  There is no other path open to you should you wish to successfully complete your financing goal.


Those applicants that fashion themselves after Don Quixote ... that don't accept that reality, choose to comply slowly, or refuse to comply at all?  They typically don't fare well.  


While those applicants that "give in" and "go with the flow" ... in other words, comply with their LO's requests quickly and thoroughly ... benefit greatly by doing so.  


I have found that those applicants navigate their mortgage process far more easily.  They also stress over their loan process and processing far less and are far happier at its completion.


As a mortgage applicant, if you have performed your due diligence while searching for your loan officer, you'll know with confidence that it's safe and wise to "give in" and "go with the flow".  That your loan officer is experienced, knowledgeable, and acting on your behalf when they make requests.


Listen, I'd never suggest that anyone give up on those goals that are important to them.  Too many wonderful things can happen or take place when you don't.


But I do suggest that you learn to kick back, believe, trust  ... "give in" and "go with the flow" where it is appropriate and wise to do so.  


Wonderful things can take place following these actions too ...



* Are you dreaming of buying or refinancing a home or Investment Property in New Lenox - Will County - Chicagoland ... IL or WI

Contact me today! I'll put my 40 years of mortgage experience and expertise to work on your behalf. I'm easily found at:

Gene Mundt
Mortgage Originator - NMLS #216987 - IL Lic. 031.0006220 - WI #216987
American Portfolio Mortgage Corp
NMLS #175656
Direct: 815.524.2280
Cell: 708.921.6331
eFax: 815.524.2281
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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! 




Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi the more complete the package is from the buyer, the faster the approval....it's a rather simple concept.... agents should get involved and make sure the package is as complete as possible for the lender.... 

Nov 16, 2020 09:33 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

It's definitely appreciated when agents encourage their clients to comply as quickly and thoroughly as possible, Barbara Todaro ... it's an immense help to lenders.  It sets a mindset and makes an impression on the buyer ...


Nov 16, 2020 09:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hello Gene... what a wonderful analogy vis-a-vis the mortgage process. Il learned long ago that I could judge a buyer's motivation by how quickly and well they worked with their lender.

Nov 16, 2020 12:59 PM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

Perfect gauge, Nina Hollander ... as I do much the same.  Swift compliance is so important and definitely lowers the stress level too ...


Nov 20, 2020 09:50 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Gene it is very simple, provide the requested documents, no matter how silly they may seem, and close.  OR don't provide the silly documents, and NOT close.  It is that simple.  It is a waste of time to argue.  The lender is providing the money, and the one who is providing the money is the one in control.

Nov 16, 2020 02:10 PM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
Pretty much sums it up, George ... comply and close ... or ... The clients retain control over how painful they make it on themselves (or not)
Nov 19, 2020 05:07 PM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Excellent post!  Love your passion for what you do :) 

Nov 16, 2020 02:38 PM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

Thank you for that comment, Jan Green ... it's so very appreciated.  


Nov 20, 2020 09:51 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi you have hit the nail on the head with this post. The more the buyer goes with the flow and provides all the info the lender requires, in a timely manner the easier and quicker they'll be moved in.  I always talk with clients about how it might seem like a lot of stuff the lender wants....and then they'll ask for more.  It's all necesary so do you're best at staying calm and TRUST the process.

Nov 16, 2020 03:46 PM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

And that advice and assistance provided to your clients is so very appreciated by a lender, Anna Banana Kruchten CRS CRB, Phoenix Broker ... so thank you very much!  There are so many steps involved in a transaction these days ... and so many people involved in getting a transaction closed.  Each "touch" from those people eats up a certain amount of time ... time that is often at a premium.  A client's attention and prompt replies is definitely needed ...


Nov 20, 2020 09:54 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Gene- What a wonderful post!!!!!!  The first part alone would have been worth further pondering but I love the twist you gave it. Yes, there are times when we need to bite the bullet and go with the flow, if you want to take the next step on your journey. 

Nov 16, 2020 06:35 PM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
Perfectly said, Kathy ... thank you! I need to hire you as my “Explainer-in-Chief”!
Nov 19, 2020 05:04 PM
Kris Collis, Associate Broker
Smart Way America Realty - East Stroudsburg, PA
Professional Results you Expect 570-801-5525

Gene, going with the flow of the mortgage approval process definitely benefits borrower and simplies life for lender.  In other areas of life it's been said,

"only dead fish go with the flow." The point of course is that related to personal/business goals, we must be proactive and take action.

Nov 16, 2020 11:56 PM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
Got to admit I’d never heard that saying, Kris ... but I certainly give the thumbs up to your message!
Nov 19, 2020 05:02 PM
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 - there is a time to go with the flow and mortgage process is one of them.

Nov 17, 2020 03:26 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
In the long run it saves time and lowers stress levels, Grant. Compliance is a beautiful thing ...
Nov 19, 2020 05:00 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Hard work will definitely pay off and I have seen many instances where hard work eventually overcomes talent that doesn't work hard.

Nov 17, 2020 04:47 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
Very astute, Brian ...
Nov 19, 2020 04:58 PM
Dora Griffin
D A Griffin Financial.LLC - Fort Thomas, KY
NMLS 6380

I just had a borrower give me the couple of things I asked for exactly as I asked for them. I sent him a text "WOW, that was impressive! I wish you could tell people how it's done".  His reply to me was, "Follow the steps, you make it easy".  Great post, btw.

Nov 17, 2020 07:24 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
A client that gets it ... gotta love that, Dora. Obviously smart and also chooses their lender well ... celebrate!
Nov 19, 2020 04:57 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Love the way you wrote this post, with Don Quixote and everything! 

People who want to borrow money need to pay attention to their mortgage originator's instructions and requests. End of story!

Nov 17, 2020 07:41 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
Fact is, Kat .. no one argues with an Underwriter’s request for documentation or answers and wins. You either lose the argument or lose time ...
Nov 19, 2020 04:55 PM
Dorte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Gene,

Always get up once more often than you fall down. And then listen to your loan officer, who will analyze your financial situation and suggest remedies to get you on your way to being a home owner.

Nov 17, 2020 08:41 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
Well said!! Thank you ..,
Nov 19, 2020 04:53 PM
Ginger Harper
Coldwell Banker Sea Coast Advantage~ Ginger Harper Real Estate Team - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

Excellent analogy. I think that you said it "just right".

Nov 17, 2020 11:33 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
Thanks so much, Ginger!
Nov 19, 2020 04:52 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

That is the most common complaint from buyers, that the loan officer is asking for so much paperwork and just when they think that they have provided everything then along comes another request. Trusting the process and following through will help get the deal done. Great advice.

Nov 17, 2020 01:01 PM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
I hear that comment too, Jane ... and while it’s frustrating, sometimes early documentation demands further explanation or uncovers “issues”. Until the issues are addressed and underwriting questions answers, the transaction doesn’t proceed. Look no further than that for a reason to comply. Good to see you, Jane ... Happy Thanksgiving!
Nov 19, 2020 04:52 PM