Education Around The Mortgage Industry And Lending Guidelines


This Article On Education Around The Mortgage Industry And Lending Guidelines Was Written By Massimo Ressa CEO of Gustan Cho Associates

What is the education around the mortgage industry and guidelines for granting loans

Good Evening and happy Saturday to each and every one on you!
  • Man oh man has this week been truly a fantastic one
  • I was able to catch up with some friends and family members as I mentioned in my previous blog, and it did it bring me a great deal of joy
  • I actually received a call today from my aunt asking me about a mortgage for one of her second cousins. I told her due to confidentiality
  • I would have to speak with her cousin one on one
  • My aunt then replied, “That’s not a problem at all.” I will give her a call to inform her that you will be calling within the next 30 minutes or so, and then shoot you over a text with her contact info
  • I did just that
  • I called my aunt’s cousin for about 25 minutes or so later
  • We talked for a great length of time
  • I asked questions around her goals while shopping for a mortgage, what she expected to accomplish on this wonderful adventure in purchasing her first home
  • Ideally what her overall current circumstances intel

In this article, we will discuss and cover Education Around The Mortgage Industry And Lending Guidelines.

Education Around The Mortgage Industry And Finding Your Dream Home

She then began to explain that she had already found her dream home and now she just needs to find a mortgage provider who will be consistent in getting everything approved and done.
  • I asked why do you mention such a great detail around consistency with getting your mortgage approved
  • She then stated that she had a bankruptcy that won’t mark the 2 year bench until May of 2018
  • I said well that explains it all then
  • She looked at me and seemed a bit confused
  • I then explained that when shopping for a mortgage your bankruptcy has to be clear for a minimum of 2 years
  • I then asked, “Had anyone explained this to you?”
  • She replied, “No, never!”

I apologized on behalf of whom she had previously worked with.

Real Estate And Mortgage Professions And Regulations

Real Estate And Mortgage Professions And Regulations

Sometimes being in a industry like real estate, people tend to focus on the short term goals, and if any obstacles stand in the way of their short term goals, they are pushed to the side.
  • I explained that I assure you once this bankruptcy is clear and ready t go in May I will do my due diligence to you, and work with you to obtain your dream home that you’ve been yearning for such a long time
  • I could hear it in her voice how excited she was to finally hear such great news
  • She was also relieved to finally know why the other loan officer hadn’t been returning her calls and just fell off the face of the earth
  • I apologized again and she said thank you Massimo
  • You’ve helped me more in our 20-minute conversation than anyone has helped me through the year I’ve been trying to get this process done and over with
  • I definitely look forward to working with you in May, and I will be happy to promote your great customer service and tell everyone I know about this wonderful experience
  • I then thanked her as well and said I look forward to working with you too!
  • Sometimes things aren’t going to come as easy as we may like them to be
  • Sometimes people are all not who they seem to be either
  • The most important thing is treating everyone equally at all times because you never know what that person can bring
  • Always treat everyone the same

I promise the return will always be a greater one that you could have ever imagined! Until nest time world!

About The Author Of Education Around The Mortgage Industry

This article on Education Around The Mortgage Industry was written by Massimo Ressa. Massimo Ressa is the Chief Executive Officer of Gustan Cho Associates at Loan Cabin Inc.NMLS 1657322:

  • Massimo Ressa is also a contributing writer for Gustan Cho Associates Mortgage And Real Estate Information Center and a moderator for Mortgage Portal
  • Mortgage Portal is America’s fastest-growing online real estate and mortgage lending community
  • Professional real estate and mortgage professionals, attorneys, home buyers, home sellers, real estate investors, mortgage lenders, and consumers exchange ideas and ask questions and experts offer answers and tips to our members of this great forum
  • Although Massimo is the Chief Executive of Gustan Cho Associates Mortgage Group, Massimo is also a producing licensed mortgage loan originator and is an expert FHA 203k Rehab Loan Specialist
  • Besides FHA 203k Rehab Loans, Gustan Cho Associates is a full-service mortgage banker and has extensive banking lines in FHA Loans, Reverse Mortgages, Conventional Loans, VA Loans, USDA Loans, and Jumbo Mortgages

Gustan Cho Associates is the national consumer direct division of Loan Cabin Inc., a national lender known for its no overlays on government and conforming loans. Loan Cabin Inc. is headquartered in Lombard, Illinois and is licensed in multiple states.

This BLOG On Education Around The Mortgage Industry Was Written By Massimo Ressa of Gustan Cho Associates

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