THE AWARD FOR
BEST NEWCOMER MORTGAGE BROKERAGE WINNER Mortgage Outlet
FINALISTS Approved Financial Concrete Mortgage Capital DLC Elite Lending Mortgage Architects Experts Mission35 Mortgages MortgageGuys.com Shirl Funk Mortgages – The Mortgage Centre
MORTGAGE OUTLET is not yet three years old, but it’s already become a familiar name in the industry. The brokerage handles its lender partnerships with care – Mortgage Outlet director and mortgage broker Elan Weintraub personally meets with lenders every week to keep abreast of their products. “Treat your lenders like partners, which they are,” he said. “Don’t waste people’s time, and understand their products. If there are flaws on a deal or circumstances, have that discussion upfront because you can save hours and hours of work for the underwriter.”
“Every other time we try to slit each other’s throats and get the deal, but when you come here, you’re not competing. You just enjoy the celebration of the industry” SHAWN STILLMAN Mortgage Outlet
The Mortgage Outlet team
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Mortgage Outlet’s principal broker, Shawn Stillman, says that although the regulatory landscape changed at an inopportune time for the new brokerage, it taught them invaluable lessons early on. “It’s harder and harder to get deals done, and people don’t understand what the stress test means,” he told CMP. “They think they’re fine until it hits them in the face.” However, given the relationships this young brokerage has cultivated, it’s well positioned to weather another regulatory storm.
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