What perfect timing! If you didn't hear, the company I was working for, UNIVERSAL MORTGAGE, sent an e-mail on April 22nd and told us the company was shutting it's doors. This came as a total surprise to us. This left me in a pinch as I had 5 loans closing the next week. I was only able to close one of them, but with help of other lenders in town, I got all my loans placed and closed with little or no delays. Unfortunately, I lost all the income I would have gotten on them. C'est Le Vive.
Even though no bank, credit union or mortgage lender is safe from the perils of this economy, I decided to work locally for a bank founded in 1923 in Milwaukee. I will be working for Guaranty Bank as Shelter Mortgage. 4 of us from the Onalaska Universal Mortgage office have made this move. So basically, the Universal team is now Shelter Mortgage.
It's perfect timing, as there are a lot of fantastic homes out there at great prices, and mortgage rates are at a 50 year low.
Shelter Mortgage has great rates, and I now have more flexible loan programs I can offer. We have the usual fixed rates, Federal and State VA, FHA, WHEDA, Rural Housing (when they get funds again).
We're in search of office space, as we still have access to the old Universal Office, but I don't know for how long. We're all working out of our homes, so you can take a nice drive and do an application at my house, or I'm totally mobile and can meet you for an application.
Give me a call at 608-779-1519 today.
Tuesday, May 25, 2010
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