JAY KERBER – NEW AMERICAN FUNDING – SENIOR LOAN OFFICER
As a native of Ohio, I attended Kent State University where I earned my Bachelor of Science degree in Aerospace. I have been a resident of Cornelius, N.C. for 20 years, where I reside with my wife Cindy and our 2 children, Whitney and Jett. In my spare time, I coach youth soccer and football.
With many years of experience in the mortgage banking industry, and extensive practice in originating home loans for both purchase and refinance, I am a firm believer in excellent customer service and offering the most competitive pricing.
As the branch manager, I am available to borrowers seven days a week. My team consists of a full time Concierge and Processor to ensure my clients are always well aware of the process and progress. “Our goal is to take such great care of you before, during and after the mortgage process, that we not only earn your future business, but also your referrals of family, friends and coworkers
As a testament to my expertise, integrity, and level of commitment to my clients, I have been recognized as a multi-year winner of the Five Star Mortgage Professionals Award. (Less than 7% of Mortgage originators receive this award annually.)
Through working with New American Funding, a Direct Lender, I have continued to be one of the most knowledgeable Loan Officers in North Carolina.
When working with myself and New American Funding you’ll receive:
- Expert advice and support in making your home financing decisions
- A full spectrum of loan products from which to choose
- Consistent communication and follow up throughout the loan process from myself and New American Funding’s in-house operations team
- The fastest turn times in the industry
Please give me a call today for answers to any of your home financing questions. I would be more than happy to offer my professional advice.
Office/Mobile – 704.733.7092
E-mail – Jay.Kerber@nafinc.com
Website – http://www.newamericanagent.com/jaykerber
LORRI HOFFMAN – MOVEMENT MORTGAGE – LOAN OFFICER
Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice. As an experienced loan officer I have the knowledge and expertise you need to explore the many financing options available. Ensuring that you make the right choice for you and your family is my ultimate goal, and I am committed to providing my customers with mortgage services that exceed their expectations. I hope you’ll browse my website, check out the different loan programs I have available, use my decision-making tools and calculators, and use our secure online application to get started. After you’ve applied, I’ll call you to discuss the details of your loan, or you may choose to set up an appointment with me using my online form. As always, you may contact me anytime by phone, fax or email for personalized service and expert advice. I look forward to working with you.
Office/Mobile – 704.609.5206
E-mail – Lorri.Hoffman@Movement.com
Website – www.movement.com/lo/lorri-hoffman
TAMMY STOWE – ATLANTIC BAY – LOAN OFFICER
Tammy Stowe treats each homebuyer as she’d expect someone to treat her. If they need to meet during the weekend or after hours, she’s happy to accommodate. In 2004, Tammy went to work part-time in her husband’s mortgage office. Quickly realizing she loved the business, she quit her job of 22 years and transitioned to mortgage full time. “Buying a home is one of the most emotional things people will ever do in their lives. I want that whole experience to be the best ever,” Tammy says.
Though Tammy helps clients from all walks of life, she especially enjoys assisting first-time homebuyers. “I love seeing the smiles on my customers faces when they’re handed their keys at closing. This is where they’re going to raise their family and build memories. They’re not just buying a house, they’re buying a home,” she says. Tammy volunteers in her community and is involved with Child Advocates of Iredell and Alexander Counties (CAIAC).
Office/Mobile – 704.685.4366
E-mail – Tammystowe@atlanticbay.com
Website – http://atlanticbay.com/tammystowe
THERE ARE 4 BASIC TYPES OF LENDERS
|Banks & Credit Unions – The oldest source. Their portfolio ends up conforming to or exceeding FNMA/FHLMC standards because banks want to be able to sell the loans in the future. Banks have only one set of underwriting guidelines, and usually processing is done in a large, centralized location. Banks are usually challenged to deliver quick turnarounds due to all of the internal customers that they get from their branches.Mortgage Bankers – These also underwrite and then close mortgages from their own funds. Many times mortgage bankers are subsidiaries of banks that operate mortgage origination offices in areas outside of the bank’s ‘footprint’. So they have the same rules and procedures to follow. Some of the challenges they can run into are: only one set of underwriting guidelines, centralized processing, and a lack of urgency in regards to closing deadlines from its support staff.Correspondent Lenders – These underwrite, close and fund loans just like bank or mortgage banker using ‘warehouse lines’, but then sell the loans to the end investor right away. The selection of investors allows a correspondent lender to place the loan with whoever has the lowest rate or most favorable underwriting criteria at the time. Correspondent lenders can also broker loans when needed. CL’s usually have decentralized processing and underwriting. Some can close in 8 days, as fast as the law allows.Mortgage Brokers – Brokers don’t put up the money for the mortgage, but earn their living off origination fees and yield spread premiums paid by the investor or wholesale lender. Brokers operate the same as real estate companies; they match the buyer (here the borrower) and the seller (here the wholesale lender) for a fee. Their main challenges today are delivery times and the constant loss of wholesale outlets. The number of wholesale lenders has shrunk dramatically as a result of the credit crisis. So mortgage brokers now may have less of a selection of lenders than Correspondent Lenders, especially for FHA loans. Their turn-around times are totally dependent on the wholesale lender. Many wholesale lenders are publishing response times of 5 days for underwriting, 2 days for clearing any UW conditions, and 3 days for loan packages. This means in order to close on time, a mortgage broker must submit a loan 2 weeks prior to closing!
Review the Preferred Lenders.