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Chris Jones, Vice President of Mortgage Lending, IL - Chicago 4621 Direct

Chris Jones

Vice President of Mortgage Lending
NMLS ID # 130813

christopher.jones@guaranteedrate.com

Phone: 773.516.6395

Cell: 312.505.9949

Fax: 773.516.6001

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Loan Officer Interview Q&A's

How long have you been in the mortgage business and what inspired you to get into it?
I have been in the mortgage business for 14 years. I enjoy helping people finance their home or save money through a refinance. I started working for a Community Bank in Forest Park, Il shortly after graduating from college. I enjoyed talking to customers and learning about their goals so I decided to focus more on mortgages full-time. I enjoy working with first time home buyers looking for their new home, move up home buyers looking for a larger home and seasoned real estate investors looking to finance their next rental property. Over the years, I have utilized traditional conventional financing, FHA and VA loans, Jumbo Mortgages and portfolio lending to help my clients accomplish their goals.

What advice would you give new or first time home buyers?
I would tell First Time Home Buyers to prepare early in the process by talking to a mortgage professional. By discussing financing options, and their individual credit profile early, first time home buyers can develop a plan leading into the biggest investment they will make. Also, I suggest to my clients to not borrow more than they can comfortably afford. Even if you qualify for a higher loan amount, it is important to feel comfortable with your payments. All home buyers need to prepare for the unexpected after closing and should have the ability to save comfortably.

What can borrowers do to insure a smooth mortgage underwriting process?
To insure a smooth underwriting process, I tell my clients to make sure they avoid any changes to their credit profile during the process and to return documents requested within 24-48 hours of requesting them. The underwriting process is more thorough then it ever has been, but there are a tremendous amount of mortgages being originated and closed. There is a lot more documentation so it is important to return items quickly to insure a smooth process. Also, don't request additional credit, ie credit cards, auto loans, etc while you are in underwriting. Any new credit will need to be sourced and documented and will be used as part of your overall debt. If you do need to open new credit, I would recommend you let your loan officer know in advance to make sure this can't derail your financing.

Summary of where you grew up: family, affiliations, college, high school, etc.
I grew up in Forest Park and went to Fenwick High School in Oak Park. I received my undergraduate degree from John Caroll University.

Tell us something that makes you unique or something wacky, yet interesting about you?
In addition to being a mortgage lender, I enjoy spending time with my family and friends. My family has migrated to the Kiawah Island, SC area so I spend as much time as I can there to escape the Chicago winter.


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