Derek Bamonte

Regional Vice President

724 S. Pearl St, Denver, CO 80209
Contact Derek
NMLS: 223032

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TestimonialsCustomer testimonials Read more

It was a very smooth process and they were there to help, whatever I needed.

Barbara D. | July, 2018

Derek Bamonte and crew are the best in the business.

Robert B. – Denver, CO | Feb. 2015

Smooth transaction. Liked the ability to provide documents securely and over the internet.

Linda D. - Denver, CO | Dec. 2014

“Derek Bamonte is the best Loan Officer in Colorado hands down. This is the second time I have bought a home and the second time I have used Derek and his team. The process was very smooth but if an issue came up, it was addressed immediately and professionally. He has the best team in the industry working together and quickly to make the loan process a piece of cake! I always tell people to check out Guaranteed Rate because they have the most experience in the business matched with the best...

Eric R. --Windsor, CO. -- 5/2013

I have used Derek Bamonte for years and he is the best. 200% satisfied!!!! Always goes GREAT! I recommend him to my friends. I would use him again....

Amy L. - Lakewood, CO 8/2012

This was by far the smoothest mortgage refinance I've experienced. Derek Bamonte and his team were very customer focused and professional. Questions were answered quickly and completely. A very class act.

Brian T. - Golden, CO 5/2012

Derek Bamonte took care of everything. I'd absolutely use Derek again. I have recommended Derek to friends and will continue to do so.

Alfred D. - Boulder, CO 9/2011

Everything on our loan went as smoothly as any loan we have ever applied for - probably more so. You made it easy, convenient and quick. We worked with Derek Bamonte and was extremely pleased. The information he gave us as we went along was accurate and there were no surprises at closing.

Annette S. - Arvada, CO 8/2011

I thought you all did a wonderful job. I was particularly impressed with the lack of "running around" on my part. Convenient & quick - great!

R. Waszak, Littleton

Derek was very knowledgeable. I felt very comfortable speaking with him about my finances. I would be pleased to refer him to all of my friends.

W. Swanson, Denver

got a great rate... Definitely would recommend you to our friends and family in the future.

A.J. Macias, Highlands Ranch

Personable, organized, efficient. Everyone at our closing remarked how efficiently our loan was done.

M. Barrett, Golden

About Derek

• 28 years originating loans

• Nationally ranked, top producing originator

• Straightforward, knowledgeable and unbiased advice

Derek interview Q&A

How long have you been in the mortgage business and what inspired you to get into it?
29 years, over 1 billion in personal production.
What specific steps do you use to help your customers find the best home loan for them?
My philosophy is to educate my clients and help them understand their options. To start, I listen to my customers’ mortgage goals. Then I run the numbers so I can provide them with straight forward and unbiased advice about different programs and rate options to match their financing goals. For example, would it be better to pay points for a lower rate or choose the option with a slightly higher rate but fewer closing costs.
How long have you been in the mortgage business? What awards have you won?
29 years, over 1 billion in personal production.
Tell us about a mortgage product that consumers may not be aware of?
Clients are often referred to me because their friend, co-worker or family member told them I offer No Cost mortgage options. With the No Cost option, closing costs are paid by us – these include the appraisal, bank fees, title fees and even the county recording fees. The savings is immediate with the No Cost option because there are no closing costs to recover.
How has the mortgage industry changed since you started, and what would you expect in the future?
When I started in the mortgage industry all mortgage application were taken by hand, then a processor used a typewriter to complete a typed application. Mortgage origination software and credit scores did not yet exist. Credit reports took 2-3 weeks versus the five seconds today.
What can borrowers do to insure a smooth mortgage underwriting process?
If your mortgage originator or anyone on their team requests additional information, try to provide it within minutes versus days. This can be the difference between a quick, smooth closing versus a cumbersome and frustrating experience.
Are you active in any local associations or community groups, and at what level? What goals and/or success have you helped these groups achieve?
Ex-board Chair and current board member of Colorado Youth for a Change (CYC). CYC is a nonprofit helping to reduce the high school dropout rate across Colorado. CYC is reducing the dropout rate by helping dropouts reenter high school, having onsite prevention counselors in schools and through specially charted schools with classes before/after normal school hours.
Are you active in any fundraising organizations? What goals and/or success have you helped them achieve?
Giving back to the community is something that has always been very important to me. For the past several years I have served on the Board for Colorado Youth for A Change (CYC) in various capacities including Board Chair. CYC helps high school dropouts return to school as well as provides preventative programs helping at risk students stay in school.
Tell us something that makes you unique or something wacky, yet interesting about you?
Fascinated with archaeology (I blame it on the first Raider’s of the Lost Ark movie) and have been collecting fossils since I was a little boy.

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