Mortgage Loan Originator
- NMLS ID: 9375
- (212) 258-0725
- (718) 255-8700
- (718) 889-7118
- Send A Message
It’s often assumed that a loan originator is a salesperson but I have never looked at it that way. I am more of an educator through a process with unparalleled experience, as you will read below. While initial contact calls are often “What are your rates?”, it’s important to note that all mortgage rates are based on same set of indices for all of us, banks, mortgage bankers and alike and they change every day. Unfortunately, many banks and mortgage brokers advertise unattainable low rates to make the phones ring and draw customers in. Some even lock you for 30 days when they know very well the transaction could take longer. I have 30 years of experience in credit and financial analysis for residential, commercial and alternate mortgage financing. I have been through all of the ups and downs in this industry. I understand all the components of the process, from our first interview to the closing. From 1982 thru 1989, I was a Sr. Mortgage Underwriter for the NY Division of Citibank N.A., so I know what is required by mortgage underwriters to get a loan approved and funded quickly. During my tenure at Citibank, I was also in charge of interviewing, processing, and approving all allocated SONYMA (State of NY Mortgage Agency) funds for first time homebuyers. I loved the satisfaction assisting these young and enthusiastic buyers with this Affordable Housing Program. I have a genuine understanding of the first time buyer and the many questions that you will have. I addition, I worked in Citibank’s Private Banking Area reviewing & approving "priority" and celebrity mortgage applications. This gave me a unique insight to the requirements of the higher net worth borrowers. Between 1989 and 1992, I managed several retail branch offices for a NYC community mortgage banker, and then later created an entire mortgage division for a Wall Street securities firm that wanted to offer residential mortgages to its equities clients. Throughout the 1990’s I began my own mortgage brokerage company where we developed a vast realtor and attorney network. We never had to advertise and built a solid business on performance and referrals. In 1997 I became a partner in a mid-sized mortgage banker. They were a direct FannieMae, FHA/HUD, & USDA lender. For the next 15 years I helped build that business. From 2012 to 2015 I was a licensed mortgage originator for Homebridge Financial Services and Home Point Financial helping borrowers in NY, NJ & PA. One thing I have learned is that bigger is not always better. The major banks like Chase, Citibank, Wells Fargo, Bank America and SunTrust sometimes impose additional credit restrictions called overlays on borrowers that are not even in FannieMae, FreddieMac and FHA/HUD/VA guidelines making it more difficult for you to qualify. They are often myopic in their view of applicants and guidelines. MLB has unparalleled access to countless mortgage investors on the secondary market and does not conform to the group. Joining MLB Residential Lending in 2015 is an exciting step to take. They are a common sense, direct mortgage lender with a full product line, something that could never be achieved even by larger banks. I promise you I will always bring transparency, honesty and responsiveness to your transaction. So if you want to work with someone who has been through it all, is versed in today's market, understands the process, has studied the regulations, will translate government disclosures into layman’s terms and actually cares about his clients, please call me or email me today.
Marvin and I are extremely glad that Nathan recommended you. You were definitely the right person for this job! We greatly appreciate all of your help during the loan process. Your dedication to our loan paid off in the end and enabled us to purchase our first home. We were hoping to see you last Friday to meet and thank you in person. The closing was a success. Thanks so much for your effort and making our dreams come true. There are really no words to adequately express how grateful we are.There were many hurdles to overcome, but you persisted and made
Good morning Sal. Hope you are having a good day today .
I was hoping to meet you at my Closing to thank you in person. Yesterday was a happy day for me . Not just only I finally purchased my home, I was also happy to know that most people are good people which I have always believed. I appreciated all the interesting experiences I had during the loan process and want to thank you for everything you had done for me for my loan with MLB. Hopefully , we would meet again on day .. in my next house purchase maybe.
Thank you & Love,
My wife and I just want to thank you once again for all the great, hard work you put into with the closing of our house. It's very hard to find good people out there not looking to con others. You were extremely professional and informative! I will be leaving a good review on the companies facebook page and website as well!
Once again Thank You!
Our loan officer was Sal Anello who worked out of the Brooklyn office. The only way to describe Sal is by saying he was the BEST. Sal stayed in constant contact with my wife and I every step