Meet Our Team

Meet Our Team Of Mortgage & Real Estate Experts 

Meet Our Team at Nationwide Mortgage & Realty LLC NMLS 276777

Michael Auriemma : Chairman & President of Nationwide Mortgage & Realty LLC

Michael Auriemma is the Chief Executive Officer and President  as well as the founder of Nationwide Mortgage & Realty LLC. Michael is launched Nationwide Mortgage & Realty LLC in 2006 and has both his mortgage brokerage and mortgage lender’s license. Nationwide is planning on expanding to 50 states and becoming a one stop lending shop.

Gustan Cho NMLS 873293

Gustan Cho NMLS 873293 is the Senior Vice President of Nationwide Mortgage & Realty LLC NMLS 276777. We are a full service mortgage firm headquartered in Oak Brook, Illinois and have a national reputation for its no overlays on government and Conventional Loan Programs. We have relationships with dozens of investors and pride ourselves in being able to get loans closed where other lenders cannot.

Biography & Work History

Career As A Stockbroker And Investment Banking

Gustan Cho has extensive experience in all areas of real estate. After graduating from college, Gustan became a stockbroker and armed with a Series 7, Series 24, and Series 63, in the mid 1980’s and quickly rose up the ranks as Senior Vice President of a regional investment banking firm and was in charge of 3 states:

  • Illinois
  • Arizona
  • California

As a stockbroker, Gustan was extremely successful and the main reason he left the securities industry was due to not having control over his investments. He went into the real estate business because he was always led to believe that real estate was the safest investment out there. Whenever he had profits from rental income, it went down to pay down mortgage payments of his properties. Instead of investing in other investments such as stocks, bonds, and mutual funds, he invested any surplus from the monthly rental income to pay down his mortgage balance. His goal was to have all of his 7 apartment complexes free and clear within 10 year time frame. Whenever he needed funds, he would go to any of his banks that had open lines of credit and draw against them and pay it off within 6 months.

Gustan  then got promoted to become a principal investment banker and was part of many initial public offerings. After 10 years in investment banking, he changed fields and went into investing in real estate.

Career As A Real Estate Investor

Gustan Cho purchased REO single family homes, fixed and flipped them starting in the early 1990’s. Then in 1998,  Gustan decided to invest in multi family unit properties and decided to vacant buy fixer upper apartment buildings, rehab them, and instead of flipping them, decided to refinance them after the rehab of the apartments were done. Here is how the system worked:

  • Purchase Class C apartment buildings where rents were very low and apartment units needed work and rehabbed them to Class A or B apartment buildings. After rehabbing each apartment, and getting the apartment buildings fully occupied with qualified tenants, he refinanced the apartment building with a cash out refinance and better mortgage rates due to being a Class A or B building
  • The cash out refinance was to recoup his rehab and operating costs and keep them as long term cash flowing rentals
  • Gustan Cho’s first apartment building investment was a 8 unit apartment building that was located in Chicago.  He purchased the 8 unit apartment building for $160,000 and invested $40,000. He then got the property appraised for $400,000 and got a cash-out refinance for $320,000, which was 80% loan to value
  • The building was fully occupied with Section 8 Housing and cash flowing. With the left over proceeds from the cash-out, Gustan Cho purchased two other multi unit apartments and repeated the process. Eventually, Gustan had over 80 apartment buildings which consisted of 1,500 residential apartment units

By 2013, Gustan owned and operated over 80 apartment buildings which totaled over 1,500 residential apartment units. The smallest apartment building was a 6 unit building and the largest apartment building was a 50 unit building. Then he realized that he wanted 1,500 headaches in one corner than 1,500 headaches all over the city of Chicago: By this analogy, Gus wanted to sell all of his 80 plus apartment buildings and purchase a large apartment complex. This idea became a reality when a 424 apartment unit building became available. Southgate Apartments located on the corner of 115th Street and Pulaski Road in Chicago ( Mount Greenwood neighborhood ). Gustan sold a portion of his apartment building portfolio and purchased Southgate Apartments for $22 million. Gus sold more apartments to get construction funding so he can rehab all of the 424 apartment units to convert the C Class Apartment Complex to an A Class Apartment Complex. It took just under a year to get all of the 424 units rehabbed with a cost of $8 million. The investment worked out because the Apartment Complex appraised for $50 million. He got a cash-out refinance mortgage and used the excess cash for the down payment and construction of other Apartment Complexes. This process was repeated until he owned 7 large sized apartment complexes in three different states which comprised of 3,000 apartment units.

The real estate and mortgage collapse hit in 2008 where it hurt Gustan and his business model where like many real estate investors, it hit him hard and this is when he started his career in mortgage lending.

Career In Mortgage Lending At Nationwide Mortgage & Realty LLC

Gustan passed his NMLS exam in early 2012 and got his NMLS licenses in numerous states that year. Closing thousands of his own personal mortgage loans gave Gustan a head start in the mortgage lending field. Gus saw many faults with the mortgage lending business and loan officers from his personal experience being a borrower and closing countless of mortgage loans as a real estate investor. Here what he realized and developed a new mortgage process where there is no reason why a pre-approved borrower cannot close on their home loan.

  • There is no reason why a pre-approved borrower cannot close on his or her mortgage loan
  • Over 75% of Gustan’s borrowers are folks who either gotten a last minute loan denial or are going through a stressful mortgage process
  • The ONLY reason for a last minute mortgage loan denial or stress during the mortgage process is because the borrower was not qualified correctly
  • All pre-approved borrowers close on their home loans.
  • Gustan Cho’s belief is that being a loan officer is not like any other sales job. Borrowers entrust their loan officers with all of their personal and private information. In return, a loan officer needs to be available for their borrower 24/7, 7 days a week, evenings, weekends, and holidays. The Nationwide Mortgage & Realty Team of licensed loan officers are available 7 days a week, evenings, weekends, and holidays and all borrowers have our cell and home phone numbers

Gustan Cho can be reached direct at 262-878-1965. You can call or text him on his cell at 262-716-8151 or email at gcho@gustancho.com

Nicholas Auriemma NMLS 1455001

Vice President of Operations

Nicholas Auriemma is the Vice President of Operations and National Group & Consumer Director at Nationwide Mortgage & Realty LLC. Nick is an expert on the following types of mortgage loan programs:

  • Most mortgage closings are done in 30 days or less
  • FHA Loans With No Overlays
  • FHA 203k Loans
  • FHA Reverse Mortgages
  • High Balance FHA Loans
  • FHA Loans down to 580 FICO Credit Scores with no lender overlays
  • VA Loans With No Overlays
  • USDA With No Overlays
  • Conventional Loan Programs with no overlays
  • NON-QM Loans where borrowers one day out of bankruptcy and foreclosure can qualify for a mortgage
  • Nick, as well as all members of  Nationwide Mortgage & Realty LLC is available 7 days a week, evenings, weekends, and holidays.
  • You can contact Nick via calling him directly or texting him on his cell at 630-779-8430 or email at nick@nationwidemtg.net.
  • If Nicholas is not available please contact Gustan Cho at 1-262-878-1965 or text Gustan at 262-716-8151 for faster response.

Nicholas Auriemma is also a moderator for Lending Network Mortgage & Real Estate Information Resource Center Online Community Forum at https://www.lendingnetwork.org.

Victor Hoffmann NMLS 225763

National Group Leader & Consumer Direct Manager at Nationwide Mortgage & Real Estate LLC

Victor Hoffmann is the National Group Leader & Consumer Direct Manager at Nationwide Mortgage & Realty LLC. Vic is an expert on the following types of mortgage loan programs:

  • National Reputation of closing loans in 30 days or less
  • FHA Loans With No Overlays
  • FHA 203k Loans
  • FHA Reverse Mortgages
  • High Balance FHA Loans
  • FHA Loans down to 580 FICO Credit Scores with no lender overlays
  • VA Loans With No Overlays
  • USDA With No Overlays
  • Conventional Loans with no lender overlays
  • NON-QM Loans where borrowers one day out of bankruptcy and foreclosure can qualify for a mortgage
  • Victor Hoffmann is available 7 days a week, evenings, weekends, and holidays.
  • You can contact Vic at 630-854-1803.
  • If Victor is not available please contact Gustan Cho at 1-262-878-1965 or text Gustan at 262-716-8151 for faster response. You can also email Gustan at gcho@gustancho.com

Victor is also a moderator for Lending Network Mortgage & Real Estate Information Resource Center Online Community Forum at https://www.lendingnetwork.org.

Robert Vogel, III NMLS 1446953

Senior Loan Officer, Editor In Chief Of  www.loanconsultants.org, & National Group Leader & Consumer Direct Manager at Nationwide Mortgage & Realty LLC

Bob Vogel is the National Group Leader & Consumer Direct Manager at Nationwide Mortgage LLC. Robert Vogel is an expert on the following types of mortgage loan programs:

  • FHA Loans With No Overlays
  • FHA 203k Loans
  • FHA Reverse Mortgages
  • High Balance FHA Loans
  • FHA Loans down to 580 FICO Credit Scores with no lender overlays
  • VA Loans With No Overlays
  • USDA With No Overlays
  • No overlays on Fannie Mae and Freddie Mac Conventional Loans
  • Jumbo Mortgages with 90% LTV
  • NON-QM Loans where borrowers one day out of bankruptcy and foreclosure can qualify for a mortgage
  • Robert Vogel, III, is available 7 days a week, evenings, weekends, and holidays.
  • You can contact Bob Vogel by calling him on his direct number at 847-529-7920 or texting him. You can also email Robert Vogel  at bob.vogel3@gmail.com
  • If Bob Vogel is not available please contact Gustan Cho at 1-262-878-1965 or text Gustan at 262-716-8151 for faster response. 

Bob Vogel is a senior writer for Gustan Cho Associates Mortgage & Real Estate Information Resource Center and Editor In Chief for Loan Consultants and is also a moderator for Lending Network Mortgage & Real Estate Information Resource Center Online Community Forum at https://www.lendingnetwork.org.

Omar Garay

Mortgage Processing Manager at Nationwide Mortgage & Realty LLC

Email Processing@NatiowideMTG.net

Dale Elenteny NMLS 904444

Senior Loan Officer & Loan Scenario Administrator at Lending Network

Dale Elenteny NMLS 904444 is an expert on FHA, VA, USDA, and Conventional Loan Programs as well as NON-QM Loans. Dale Elenteny NMLS 904444 direct phone number is 630-479-2719 and his email address is delenteny@gmail.com. Dale Elenteny is a senior writer for Gustan Cho Associates Mortgage & Real Estate Information Resource Center and Administrator for Lending Network Mortgage & Real Estate Information Resource Center Online Forum.

Here are the loan programs Dale Elenteny is an expert in:

  • You can contact Dale Elenteny by calling him directly on his cell at 603-479-2719  or email at dale.elenteny@myccmortgage.com.

Here is the link for Lending Network Mortgage & Real Estate Information Resource Center Online Community Forum at https://www.lendingnetwork.org.

Julie Hayward

Broker/Owner Of Edge Realty LLC & Guest Writer For The Gustan Cho @ Gustan Cho Associates

Julie Hayward is the managing broker/owner of Edge Realty LLC and guest writer for The Gustan Cho Team @ Gustan Cho Associates. Julie Hayward is one of the top real estate agents in the Chicagoland Area and represents Cook County, Lake County, Will County, DuPage County, McHenry County, and Kane County. Julie is an expert in short sales and an expert negotiator due to her partnership and experience with her husband/partner Chad Hayward, a prominent Chicago Bankruptcy & Real Estate Attorney and head of The Law Offices of Chad M. Hayward, P.C. Julie Hayward is the realtor of choice for countless of first time home buyers and real estate investors. Julie Hayward can be contacted via phone at 312-504-9228 or email at juliehayward04@gmail.com.

Chad M. Hayward NMLS 1237611

Bankruptcy & Real Estate Attorney And Legal Writer For Gustan Cho Associates Mortgage & Real Estate Information Resource Center

Chad M. Hayward is one of the most experienced bankruptcy and real estate attorneys in Northern Illinois. Chad Hayward is a licensed real estate broker and also a licensed mortgage loan originator as well as a guest legal writer for Gustan Cho Associates Mortgage & Real Estate Information Resource Center. Chad Hayward is also the founder and owner of The Law Offices of Chad M. Hayward P.C., a prominent bankruptcy and real estate law firm based in Chicago, Illinois. Chad Hayward also holds his Illinois Mortgage Loan Originator NMLS license. Chad Hayward can be contacted at 312-867-3740. Chad Hayward email address is ch@haywardlawoffices.com

The members on Meet Our Team are mortgage & real estate professionals who are guest writers for Gustan Cho Associates Mortgage & Real Estate Information Center. Many members of Meet Our Team are members of Nationwide Mortgage & Realty LLC while others are  guest writers who are associated with other Mortgage Companies, Law Firms, Real Estate Companies, and other Professionals. Again, we are only an informational site and has no affiliation with any financial institution or government agencies. For more detailed information, you may contact us at gcho@gustancho.com or contact us at 800-900-8569.

THIS SECTION IS BEING UPDATED AND SHOULD BE COMPLETED BY APRIL 15, 2015