Regional Account Executive with Continental Home Loans, wholesale mortgage Bank, licensed in CA, CO, CT, DE, FL, IO, IL, MA, MD, ME, MO, NY, NJ, NC, PA, OH, OK, SC, TN, TX, VT.
Leonard has been in the mortgage business since 1989. First as a commercial mortgage broker, specializing in Un-Bankable and specialty construction funding. Since 1998, Leonard is originating residential mortgages as well.

We interview clients by phone, email or in person.

We have an automated system, that can pre-qualified and issue pre-approval in a matter of minutes.

But if there are credit issues or any other situations, we work tirelessly to find the best product.

We guarantee all third-party closing costs on the day that the rate is locked. If any of these costs at closing are higher than those shown on the good faith estimate given to the borrower at the time the rate lock is confirmed, the company will pay the difference.

Actual fees. NO padding, ever.

We negotiate fees on a case by case basis. Some of the criteria that go into the determination of our fees are: Loan Amount, Credit History, Documentation Type, Borrower Participation, and Closing Time Frame. Typical Fees are as follows:

Origination Fee:

Typically about 1% of the loan amount

Processing Fee

$350, which includes courier fees to get loan package to the lender and payment of loan processor and transaction coordinator.

Lender Fees

Wholesale lenders charge a fee to underwrite the file, prepare the loan docs and fund the loan. This also includes the tax service fee and the flood certification fee.

Appraisal Fee

Ranges between $250-$750 depending on type and size of home. Always paid by client directly to the appraiser company. Customers are free to shop for their own appraiser. We can recommend a trustworthy company if the customer wishes. Yield Spread Premium (if applicable) The spread that the bank pays us to deliver a certain rate to the customer. This fee if applicable, is always disclosed.  Usually we quote the rate, that is retail and with NO points.

 

Regional Account Executive of Direct FHA Lender and Wholesale Lender with multi state licensing. 

FHA financing for purchase and refinance.
Up to 96.5% LTV for purchase and up to 97% LTV for refinance on FHA products

Also Coops and Condos, confirming and jumbo.
Primary residence, second home and investment properties.

For many years specialized in construction loans for borrowers with credit issues, self employed, stated income, spec and owner builder deals. 

Free, non obligatory consultation. By phone, email or in person.
All inquaries welcome!