HomeLendingByChris

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Mortgage and Lending - Keller Mortgage - NMLS#1239544
My blog is a place to share knowledge and experiences of my journey through the mortgage industry. Join me in sharing your knowledge and experiences!
RECENT BLOG POSTS
For months now I have been telling my realtors to join ActiveRain. To my shock none of them have gone on here. Why? I have no idea. ActiveRain has become an integral part of my career as a mortgage lender and given me some insight and perspective from realtors across the country on how to become ...
08/26/2015
The general rule of thumb is you spend 80% of your time with the 20% in your business. I just finished a transaction with a borrower today that I should have fired earlier on in the process. However, I did learn the signs about why you should fire your customer. They aren't always right and can c...
08/25/2015
"Try not to become a person of success, but rather try to become a person of value." Albert Einstein Value creation is coming a lost art in the business world. Every thing is transaction based with money and success in the front and value in the back. It is my belief that if more people were to c...
08/24/2015
I recently got a referral from a new realtor that turned out to be a struggle. A buyer with a low credit score, no money, but really wants to buy a home. I eventually told the client she didn't have the financial capacity to buy a home right now. Reality set in. We began the discussion of working...
08/23/2015
This a great article about the dynamic between lenders and realtors! Check it out! Like a huge cargo ship the Realtor is covered in barnacles. Only our barnacles include a wide variety of vendors. One in particular is the lender. The average loan officer spends their marketing dollars on getting ...
08/23/2015
Dear Realtor who thinks they are a lender, You almost cost me a client and a few thousand in commissions because you "know" about FHA loans and escrow holdbacks. Here are some simple reminders for your next transaction: 1. Your a realtor not a lender. Don't try to be a lender. Communicate and be ...
08/21/2015
Failure sucks. We all don't like it, but it happens, and especially in our industry with buyers, bad appraisals and inspections, underwriting decisions and guidelines. We face it everyday. Failure is the foundation to better and greater things in life. 1. We learn lessons no one could teach us. I...
08/19/2015
"Success is nothing more than a few simple disciplines practiced everyday." Every week I feel like there is new advice and new methods to be more productive and accomplish more out of life and your business. We all make goals, get busy, and forget why we started and how we can become successful. ...
08/17/2015
What happens if you go out of contract? What happens if you don't meet deadlines? For a home buyer this can be costly not just by losing the house, but added expense in the loan process they didn't see coming. As a lender its important to discuss the importance of why you should stay on track and...
08/16/2015
Dear Clients and Realtors? Do you value my service? My business is about value and experience, not cost. I'm not the McDonalds of the mortgage industry. Lowest costs equal lower experience and managing problems as you go along. I'm less concerned with price and more concerned with giving you the ...
08/13/2015
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Chris Mamone

Senior Loan Officer
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