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Organization Affiliation
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2010 Director, National Association of Mortgage Brokers www.namb.org
2010 Director, CT Association of Mortgage Brokers www.ctamb.org
National Association of Realtors
CT Association of Realtors
Northern Fairfield County Association of Realtors
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Contract With Client
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Closing fees depend on the lender and the program. We collect $470.00 for all service fees and approximately 1.50 points, both payable at closing. We comply with all federal and state laws and guarantee our closing costs. You will be educated throughout the entire process to insure you understand the process as well as the mortgage product and program that you choose. We adhere to a "No Surprises" policy.
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Technology Employed
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We utilize a secure, state-of-the-art, proprietary system (LoanMgr) to insure your transactions are handled timely, efficiently and with confidentiality. We only share your information with those parties necessary to facilitate a loan closing.
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Locking Procedures
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Together we decide the appropriate time to lock in your interest rate. Once you request a rate lock, we submit your request to the lender and notify you upon acceptance. We guarantee the rate you lock is the rate that will appear on your closing documents. If it is to your benefit to collect an interest rate lock fee from you, those fees will be credited at closing and are not an additional cost.
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Third Party Fees
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You will only pay what third party providers bill us. We NEVER mark up any third party services. You receive a copy of the invoice for all appraisals. You choose your attorney, real estate agent, home inspections services, homeowner's insurance agent and any other real estate related professionals. Our goal is to offer competitive rates while maintaining a low fee structure.
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Broker Fees
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Our broker fee may be paid directly by you as a closing cost or can be incorporated into the interest rate and paid by the lender. It is your choice whether it is more advantageous to pay our broker fee or incorporate it into the rate. We provide you with options and guide you through the process.
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Bio
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Debra, a NMLS State Licensed Mortgage Loan Originator and Certified Residential Mortgage Specialist (CRMS), graduated from Western Connecticut State University, Danbury, CT with a B.B.A. in Accounting. She has over 35 years of financial, banking, accounting and business experience. Since 1994 when she started originating retail residential mortgages she has directly overseen and managed in excess of $1 billion in closed residential real estate loans, representing thousands of customers.
Debra also owns Charter Oak Learning which is a professional training school offering customized sales, sales management and mortgage-related training courses. Her experience and educational focus has given her a strong foundation as a passionate trainer for mortgage originators and Realtors. Her husband Don DeRespinis, CPA and CRMS developed a proprietary software system (LoanMgr) designed for transparency and constant communications with customers, clients, Realtors, attorneys and closing agents, throughout each and every transaction.
Charter Oak Learning recently teamed up with The Dares Institute, LLC www.dares1.com where she and Dares owner Carl Bulgini have co-authored a federally mandated NMLS approved 20-hour pre-licensing SAFE Act compliant course required for all state-licensed mortgage originators by Title V of the SAFE Act. In addition, Debra is an approved instructor for continuing education classes for Realtors.
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