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Frank Sommese
Vice President of Mortgage Lending | NMLS # 631472
Greater Chicago Area | Mortgage
5.0 -
3 Review(s)
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Synergy One Lending Inc., also doing business as Mutual of Omaha Mortgage, NMLS 1025894. 3131 Camino Del Rio N 190, San Diego, CA 92108. Alabama Consumer Credit License #22123; Arizona Mortgage Banker License 0926603; Arkansas Combination Mortgage Banker/Broker/Servicer License 109250; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act – California License 4131356; District of Columbia Mortgage Dual Authority License MLB1025894; Hawaii Mortgage Loan Originator Company License #HI-1025894; Illinois Residential Mortgage Licensee #MB.6761115; Maine Supervised Lender License 1025894; Maryland Commissioner of Financial Regulation - Mortgage Lender License 21678; Minnesota Residential Mortgage Originator Exemption #MN-OX-1025894; Nevada Mortgage Broker License #4317. Licensed by the New Hampshire Banking Department 19926-MB; Licensed by the New Jersey Banking and Insurance Department – New Jersey Residential Mortgage Lender License 1025894; New Mexico Mortgage Loan Company License 1025894; Oregon Mortgage Lending License ML- 5208; Rhode Island Lender License #20163229LL. Rhode Island Loan Broker License #20163230LB; Vermont Lender License 6891. Washington Consumer Loan Company License CL-1025894. Toll Free #: (877) 978-1922. Subject to Credit Approval. www.nmlsconsumeraccess.org Equal Housing OpportunityM2
About Frank Sommese
Thanks for visiting my LinkedIn profile. In today’s market the big banks and government have looked to put less importance on the mortgage originator. This unfortunately puts the borrower at a great disadvantage as they don’t have the right information and guidance to make the proper decisions. I consult my borrower on how to make decisions which will make sense now and in the future. I like to break the mortgage process into the following phases: pre-approval, approval, closing and post closing. In the pre-approval phase, the goal is to determine what the borrower can afford and what makes sense on a monthly basis. During this phase, we look at options to improve the position of a borrower to ensure the best interest rates and terms. We also consider options such as FHA, conventional, jumbo and rehab financing. As we enter the approval phase, I work closely with the borrower, agents and attorneys to ensure that the mortgage contingency dates are met protecting the borrower from a potential loss of earnest money and the property. Since much effort has gone into the pre-approval and approval phases, the closings go smoothly with little drama. In the last three years, I have closed over 750 loans. Once a client always a client; after the closing I maintain regular contact with my borrowers. We are always looking for the opportunity to refinance to a lower mortgage rate, or shorten the term of the mortgage. We also look to position the borrower for their next purchase which may be an upgrade, a second home and an investment property. Over my 13 years as a mortgage originator, I have provided excellent service to my borrowers and have been rewarded with referrals which are needed and greatly appreciated.