Home » Dave Zarembski
Vice President of Mortgage Lending
NMLS ID # 372530
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Loan Officer Interview Q&A's
I have been in the mortgage industry for 26 years. I was inspired to get into the mortgage industry because I saw a need for a true professional to not only help people achieve their dream of home ownership; but to also become an integral part of their long term financial planning strategy. Whether it's a first time buyer that we develop a budget for, to make sure there is money left over each month to invest, so they can achieve their long term investment goals; or a borrower that needs to access equity in their home for their children's college education; everyone's needs and goals are different. Taking the time to ask the right questions and listening to the borrowers long term objectives is key to providing the right mortgage product for the their needs.
What advice would you give new or first time home buyers?
The best advice I can give to a first time buyer is to create a budget that takes into account every monthly expense incurred, and also includes provisions for putting money away each month into savings. This is the only way to truly determine a comfort level with a mortgage payment. Preparing a budget and determining a comfort level with a payment should be done before a buyer starts actively searching for a home. It should be done as part of the Pre-Approval process. Taking this necessary step will allow the first time buyer to confidently purchase a home with a payment that will allow the buyer to live comfortably within their means and acheive their long term investment goals. This step will also help define a price point for their realtor, so the realtor is showing them homes that are within their price range. First time home buyers that take the time to prepare a budget have an enjoyable home buying experience with no unforeseen surprises.
What part of the home loan process do customers find most difficult and how do you help them through it?
I think that borrower's are finding the documentation requirements as well as the break-down of fees on the Good Faith Estimate the most difficult things to understand about the mortgage process. With the tightening of lending guidelines due to the high level of short sales and foreclosures, the amount of documentation required for approval has increased dramatically. I take the time to explain the reason I am asking for each piece of documentation needed for approval. I also take the time to go through the Good Faith Estimate line item by line item, so the borrower not only understands how I derived their bottom line cash required to close, but also understands the cost associated with each line item and why they are incurring the cost. I believe that educating the borrower at the time of application as to the costs they will incur at the closing makes for a good experinece at the closing table, as the borrower is already aware of the fees they will incur and their are no unforeseen surprises.
What provides you with the most satisfaction in your job as a Loan Officer?
As a Loan Officer I get the most satisfaction attending closings and seeing the look on borrower's faces when they receive the keys to their new home. I take pride in the fact that I helped a borrower purchase the home of their dreams. The mortgage process is not easy these days and helping guide borrower's through the process, and making the experience a pleasant one is my ultimate goal.
Tell us something that makes you unique or something wacky, yet interesting about you?
When I am not at work being a Loan Officer, I love to watch my son play hockey. He's a goalie, so it's always nerve racking. I also love to cook with my daughter. She always comes up with a new recipe for us to try. I really enjoy sailing my Hobie 16 at Lake Geneva. There is something very cathartic about being on a sail boat with a good breeze. I love to go for 60 mile rides on my road bike. She's a beast and very fast. It's an adenalin rush. I try to snow ski every chance I get, even with my bad knees, and finally I love to ride my Harley with a great group of friends. Not much time for cleaning the house as I'm always on the go.
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