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Rich Filipone

Vice President of Mortgage Lending
1500 Walnut St, Ste 1920, Philadelphia, PA 19102
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NMLS: 137129
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"Rich Filipone was a pleasure to work with in every aspect of the transaction! He dedication and professionalism made the entire financial aspect to the transaction run like a well-oiled machine. He explained everything in terms that anyone can understand, was timely, thorough and he made the entire process go smoothly. I would highly recommend Guaranteed Rate to anyone requiring a loan!!!"

Rodrigo M. - King Of Prussia, PA | Jan. 2016

Richard was very knowledgeable and thorough! Excellent experience

David F. – Newark, DE | Dec. 2014

Rich was very professional and took his time in explaining the subtleties of the mortgage industry!

John S. -- West Chester, PA 7/14/2014

Rich interview Q&A

How long have you been in the mortgage business? What awards have you won?
I entered the mortgage business 27 years ago. I was named a Five Star Professional in the Philadelphia area in 2010, 2011 and 2012, which is published by Philadelphia Magazine.
Tell us about a mortgage product that consumers may not be aware of?
USDA Rural Housing, which allows for 100% financing.
How has the mortgage industry changed since you started, and what would you expect in the future?
As mentioned, I have been in the mortgage industry for 27 years. I have seen many changes come and go. Right now we are in a highly regulated environment, and we will probably stay there for quite awhile longer.
What part of the home loan process do customers find most difficult and how do you help them through it?
The amount of documentation requested by lenders has proven the most difficult for my clients. I let them know up front that there may be more paperwork needed throughout the process, specifically after underwriting review.
What are the top 3 misconceptions people have about the home loan process?
First, that people need a large down payment to get a mortgage. Second, that perfect credit is needed. Third, that the process will take forever!
What can borrowers do to insure a smooth mortgage underwriting process?
It is crucial that borrowers get all documentation together that is requested up front by the loan officer and mortgage coordinator to ensure a smooth process.
What provides you with the most satisfaction in your job as a Loan Officer?
Helping people realize their dream of home ownership.
What do you enjoy doing most in your spare time when you are not helping people with their home loans?
I most enjoy spending time with my wife Donna and two children Elena and Robbie. I also love to golf!
Tell us something that makes you unique or something wacky, yet interesting about you?
My ability to put customers at ease when starting the mortgage process and the fact that i will be there for them from start to finish. I guess it's considered wacky that I still meet many of my customers face-to-face and go to all my closings.

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