Meet Our Team at The Gustan Cho Team at Cross Country Mortgage Inc. NMLS 3029

Meet Our Team Of Mortgage & Real Estate Experts At Gustan Cho Associates

Meet Our Team at The Gustan Cho Team at CrossCountry Team NMLS 873293

Gustan Cho NMLS 873293

Area Manager at CrossCountry Mortgage

Gustan Cho NMLS 873293 is the Area Manager of CrossCountry Mortgage. CrossCountry Mortgage NMLS 3029 is a national mortgage banking firm headquartered in Brecksville, Ohio and licensed in 50 states. CrossCountry Mortgage has a national reputation for its no lender overlays and reputation in closing most of their loans in 21 days. Gustan Cho NMLS 3029 is based in the Schaumburg, Illinois branch of CrossCountry Mortgage Inc.

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. Gustan went into the real estate business because he was always led to believe that real estate was the safest investment out there. Whenever Gustan 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, Gustan 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 Gustan 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 Cho then got promoted to become a principal investment banker and was part of many initial public offerings. After 10 years in investment banking, Gustan Cho 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 Cho 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, Gustan Cho 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.  Gustan Cho 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 Cho had over 80 apartment buildings which consisted of 1,500 residential apartment units

By 2013, Gustan Cho 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 Gustan Cho 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 Cho 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. Gustan Cho 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 Gustan Cho 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 Cho and his business model where like many real estate investors, it hit Gustan Cho hard and this is when he started his career in mortgage lending.

Career In Mortgage Lending At The CrossCountry Team NMLS 3018

Gustan Cho 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 Gustan Cho 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 70% of Gustan Cho’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 with Gustan Cho and The Gustan Cho Team at Gustan Cho Associates
  • 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. Gustan Cho and The Gustan Cho Team of licensed loan officers are available 7 days a week, evenings, weekends, and holidays and all borrowers have Gustan Cho and The Gustan Cho Team’s 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

John LaGrassa

Vice President of Business Development

John LaGrassa is the Vice President of Business Development for CrossCountry Mortgage At The Gustan Cho Team at CrossCountry Team NMLS 3029

John LaGrassa is the National Vice President of Business Development The Gustan Cho Team at CrossCountry Mortgage NMLS 3029. John is in charge of also the National Sales Development Director and National Recruitment Director for recruiting talented licensed loan originators, sales managers, and branch managers nationwide for The Gustan Cho Team at CrossCountry Mortgage Inc. You can contact John LaGrassa at john.lagrassa@myccmortgage.com or contact gustan.cho@mycrosscountry.com to schedule a one to one interview in joining our fast growing team at The Gustan Cho Team at CrossCountry Mortgage Inc. NMLS 3029.

Thomas LaGrassa NMLS 1328566

Branch Manager of CrossCountry Mortgage

Thomas LaGrassa NMLS 1328566 is the branch manager of CrossCountry Mortgage. Thomas LaGrassa is aggressively recruiting talented licensed loan officers in the states of Illinois and Wisconsin to join The Gustan Cho Team at CrossCountry Team at CrossCountry Team Inc. NMLS 3029. You can contact Thomas LaGrassa at thomas.lagrassa@myccrountrymorgage.com or Gustan Cho at gustan.cho@mycrosscountrymortgage.com to schedule a one to one interview for immediate employment at The Gustan Cho at CrossCountry Mortgage Inc. NMLS 3029.

Joseph DeMarco NMLS 820418

Branch Operatios/Support/Trainint Manager of The Gustan Cho Team at CrossCountry Mortgage

Joseph DeMarco NMLS 820418 is the branch manager of CrossCountry Mortgage. Joesph DeMarco is the the Branch Operations, Training, and Compliance Manager of The Gustan Cho Team at CrossCountry Team Inc. NMLS 3029. , Joseph DeMarco can be reached at joseph.demarco@mycrosscountrymortgage.com or you may contact Gustan Cho NMLS 873293 at gustan.cho@mycrosscountrymortgage.com.

Peter Bieda

Peter Bieda is the Area Marketing/Operations/Support/Compliance Manager

Peter is our Area Marketing/Operations/Surpport/ and Compliance Manager for The Gustan Cho Team at CrossCountry Mortgage Inc. NMLS 3029.

Nicholas Ferrante NMLS 11107

Senior Loan Officer with The Gustan Cho Team at CrossCountry Mortgage

Nicholas Ferrante is a senior loan officer with The Gustan Cho Team at CrossCountry Mortgage. Nick is an expert on FHA, VA, USDA, and Conventional Loan Programs as well as NON-QM Loans. Nick, as well as all members of The Gustan Cho Team at CrossCountry Mortgage is available 7 days a week, evenings, weekends, and holidays. You can contact Nick via calling hime or texting him on his cell at 630-659-2656 or through his email which is nferrante@myccmortgage.com . Nick Ferrante direct officer number is 847-892-7136.. If Nicholas Ferrante is not available please contact Gustan Cho at The CrossCountry Team at CrossCountryMorgage.com or text Gustan Cho at 262-716-8151 for faster response.

Michael Gracz NMLS 1160212

Senior Loan Officer with The Gustan Cho Team at CrossCountry Mortgage

Michael Gracz is a senior loan officer with The Gustan Cho Team at CrossCountry Mortgage. Mike is an expert on FHA Loans, VA Loans, USDA Loans, and Conventional Loan Programs as well as NON-QM Loans. Mike, as well as all loan officers of The Gustan Cho Team at CrossCountry Mortgage is available 7 days a week, evenings, weekends, and holidays. You can contact Mike Gracz via calling him or texting him on his cell at 630-659-1644  or email which is mgracz@myccmortgage.com . Michael Gracz direct officer number is 847-892-7133.

Michael Gracz contact information is 630-659-1644 and email address is mgracz@myccmortgage.com. If Michael Gracz is not available please contact Gustan Cho NMLS 873293 at The Gustan Cho Team at CrossCountryMortgage Inc. NMLS 3029 at gustancho.com@mycrosscountrymortgage.com or text Gustan Cho at 262-716-8151 for faster response.

Robert Vogel, III NMLS 1446953

Senior Loan Officer with The Gustan Cho Team at CrossCountry Mortgage NMLS 3029

Bob Vogel NMLS 1446953 is a senior loan officer with The Gustan Cho Team at CrossCountry Mortgage NMLS 873293. Bob is an expert on FHA, VA, USDA, and Conventional Loan Programs as well as NON-QM Loans. Bob Vogel, as well as all licensed mortgage loan originators of The Gustan Cho Team at CrossCountry Mortgage is available 7 days a week, evenings, weekends, and holidays.  Bob Vogel’s direct phone number is 847-529-7920 and his email address is bob.vogel3@gmail.com. Bob Vogel is a senior writer for Gustan Cho Associates Mortgage & Real Estate Information Resource Center and Editor In Chief for Loan Consultants . If Bob Vogel is not available, please contact Gustan Cho NMLS 873293 at The Gustan Cho Team at CrossCountry Mortgage NMLS 873293 at gustan.cho@myccountrymortgage@crosscountry.com.

Ralitza Peltekova NMLS 1161271

Senior Loan Officer with The Gustan Cho Team at CrossCountry Mortgage NMLS 3029

Ralitza Peltekova NMLS 1161271 is a senior loan officer with The Gustan Cho Team at CrossCountry Mortgage NMLS 3029.  Ralitza Peltekova is also a senior writer for Gustan Cho Associates Mortgage & Real Estate Information Resource Center and is an expert in credit restoration and credit repair. Ralitza Peltkova has over 15 years experience in both commercial and residential mortgage lending and has owned and operated a 25 man team of licensed mortgage loan professionals. Ralitza Peltekova can be reached at ralitza.peltekova@myccmortgage.com.

Senior Loan Officer with The Gustan Cho Team at CrossCountry Mortgage NMLS 3029

Rashad Carmichael NMLS 1453799

Senior Loan Officer with The CrossCountry Mortgage NMLS 3029

Rashad Carmichael is a senior loan officer with The Gustan Cho Team at CrossCountry Mortgage NMLS 873293. Rashard Carmichel is an expert on FHA, VA, USDA, and Conventional Loan Programs as well as NON-QM Loans. Rahard Carmicahel as well as all licensed mortgage loan originators of The Gustan Cho Team at CrossCountry Mortgage is available 7 days a week, evenings, weekends, and holidays.  Rashard Carmicahel NLMS 1453799 direct phone number is 773-505-505-4710.Rashad Carmicahel email address is a senior writer for Gustan Cho Associates Mortgage & Real Estate Information Resource Center and his email adrress is rashad.carmichael@mycccountrymortgage.com

Dale Elenteny NMLS 904444

Senior Loan Officer with The Gustan Cho Team at CrossCountry Mortgage NMLS 3029

Dale Elenteny NMLS 904444 is a Senior Loan Officer with The Gustan Cho Team at CrossCountry Mortgage NMS 90444. . Dale Elenteny NMLS 90444 is an expert on FHA, VA, USDA, and Conventional Loan Programs as well as NON-QM Loans. Dale Elenteny as well as all licensed mortgage loan originators of The Gustan Cho Team at CrossCountry Mortgage is available 7 days a week, evenings, weekends, and holidays.  Dale Elenteny NMLS 904444 direct phone number is 6010-479-2719 and his email address is dale.elenteny@myccmortgage.com. Ralitza Peltekova is a senior writer for Gustan Cho Associates Mortgage & Real Estate Information Resource Center

Dale Elenteny NMLS 90444 is a senior loan officer with CrossCountry Mortgage. Dale Elenteny email address is dale.elenteny@myccmortgage.com.

Tricia Marie Hoover NMLS 1096998

Senior Loan Officer with The Gustan Cho Team at CrossCountry Mortgage NMLS 3029

Tricia Marie Hoover is a senior loan officer with The Gustan Cho Team at CrossCountry Mortgage Inc. NMLS 3029. Tricia Marie Hoover is a veteran mortgage professional with over a decade in both wholesale and retail lending. Da

Tassapat Sriptecharakool NMLS 1990981

Senior Loan Officer with The Gustan Cho Team at CrossCountry Mortgage NMLS 3029

Tassapat Sripetcharakool NMLS 1190981 is a senior loan officer with The Gustan Cho Team at CrossCountry Mortgage NMLS 3029. Tassapat Sripetcharakool who also goes by Kay is an expert on FHA, VA, USDA, and Conventional Loan Programs as well as NON-QM Loans.Tasapat Sriptecharakool as well as all of her licensed mortgage loan originators of The Gustan Cho Team at CrossCountry Mortgage is available 7 days a week, evenings, weekends, and holidays.  Tassapat Sripetchrakool direct phone number is 964-496-2608. Tassapat Sripetcharakool email address is tassapat.sripetcharakool@myccmortgage.com.

Suvichar Thongkai NMLS 1213883

Senior Loan Officer with The Gustan Cho Team at CrossCountry Mortgage NMLS 3029

Suvichar Thongkai NMLS 1213883  is a senior loan officer with The Gustan Cho Team at CrossCountry Mortgage NMLS 3029. Suvichar Thongkai NMLS 1215883  who also goes by Su is an expert on FHA, VA, USDA, and Conventional Loan Programs as well as NON-QM Loans. Suvichar Thongkai NMSL 1214883 as well as all of her licensed mortgage loan originators of The Gustan Cho Team at CrossCountry Mortgage is available 7 days a week, evenings, weekends, and holidays. Suvichar Thongkai direct phone number 3015-439-1213.  Suvichar Thongkai  email address is tassapat.sripetcharakool@myccmortgage.com.

Trisha Mangiaracina

Loan Coordinator & Loan Officer Assistant with The Gustan Cho Team at CrossCountry Mortgage

Trisha Mangiaracina has many duties at CrossCountry Mortgage. Trish is in charge with assistant our loan officers with opening, pre-processing, and gathering all docs ready for processing. Trisha also assists the processing and underwriting department with gathering conditions and submitting files for clear to close and working with the closing department in prepping closing docs and make sure that the home closing goes smoothly. Trisha Mangiaracina works closely with our borrowers and is available 7 days a week to handle whatever tasks that needs to be handles to make sure our borrowers close their loan on time. Trisha Mangiaracina contact information is 630-204-9009 and email address is trishkamp2000@aol.com

 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

Daniel Diaz

Business Development Manager For The Gustan Cho Team at CrossCountry Mortgage

Daniel Diaz, who also goes by Danny Diaz,  is a veteran mortgage professional and also an active veteran Chicago Police Officer.  Daniel Diaz is both a full time Chicago Police Officer and Business Development Manager for The Gustan Cho Team at CrossCountry Mortgage.  One of Officer Daniel Diaz’s main role is educating police officers, fire fighters, and other first responders throughout the country in real estate investments and credit. Danny Diaz works closely with all loan officers with The Gustan Cho Team at CrossCountry Mortgage in setting up seminars with real estate agents and at arranged group conferences. Topics includes qualifying for home loans after bankruptcy, foreclosure, short sale as well as qualifying for home loans with less than perfect credit and high debt to income ratios. Daniel Diaz resume includes working as a loan officer as well as a real estate investor. Officer Diaz is a writer for Gustan Cho Associates Mortgage & Real Estate Information Center and guest speaker at many functions arranged by Gustan Cho Associates. Crime and Safety is every homeowners concerns and Danny is an expert in giving basic tips in protecting one’s home due to his extensive police experience in all areas of police work. Officer Daniel Diaz has extensive training and experience as a police officer and is currently assigned to the 16th Chicago Police District. Officer Diaz has been a Chicago Police Officer since 1993 and is a natural born leader and his number one goal in life is helping others and his true passion is helping first time home buyers make their dream of home ownership become a reality.  Daniel Diaz can be reached at 773-369-2525 and his email address is ChicagoCop9161@gmail.com.

Disclaimer On Meet Our Team Section:  Gustan Cho Associates Mortgage & Real Estate Information Resource Center is not a mortgage lender and is a public mortgage and real estate informational site not endorsed  and completely separate from any mortgage lender, broker,or residential lending institution. Gustan Cho Associates cannot offer mortgage rates, terms, or advertise for any loan programs. Consumers needing a quote on a mortgage loan program need to exit this site.

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