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Thomas Griffith

Vice President of Mortgage Lending
600 22nd Street Ste 100, Oak Brook, IL 60523
Contact Thomas
NMLS: 664633
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It was an easy process!

GEOFFREY K.-KILDEER,IL | MAY 2016

I think the entire staff at Guaranteed Rate was awesome! I look forward to doing business with them again in the near future!

Adriana A.-LOMBARD,IL | MAY 2016

Thomas Griffith and Guaranteed Rate made the loan application process very streamlined and easy. They let us know when we needed to get documents and signatures in so that we could stay on track with the process. We would definitely consider using Guaranteed Rate for our future loan needs.

Scott W.-Champaign,IL | MAY 2016

Thanks Thomas, Carolyn, Liz, and Theresa for making the loan process easy and non-stressful.

Anastasios K. -Frankfort, IL | APR 2016

I have already recommended Guaranteed Rate to friends. Tom Griffith and his entire team were always available by phone or email, and that goes a long way in making the process smooth for the customer. They did a great job.

Ashley G - Downers Grove, IL | Feb. 2016

I used Tom before when he worked with Wells Fargo. You were smart in hiring him. He is a great asset to your company.

Robert A. – downers grove, IL | July 2015

About Thomas

I am a 21 yr veteran in the mortgage banking industry. Specializing in Jumbo, Conventional FHA and VA home loans.

Thomas interview Q&A

How long have you been in the mortgage business and what inspired you to get into it?
21 years, I love helping clients buy and refinance their homes!
Who is your typical customer and what questions do they typically have?
We have all types of clients. The most popular questions is "What paperwork do you need to get a loan these days".
What specific steps do you use to help your customers find the best home loan for them?
First step is running credit to explore program eligibility and lending needs.
How long have you been in the mortgage business? What awards have you won?
In 20 plus years in the industry, I have made leaders club 5 times and won many customer service awards as well.
What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
A fixed rate mortgage is great if you plan on staying in the home for more than 7-8 years. If that is not the case an ARM will work better for your family.
Tell us about a specific challenging borrowing situation and how you got the mortgage closed and funded.
I had a client with no job and we were able to close the loan using asset dissipation, basically we amortize your assets over 15 years to arrive at a monthly income figure.
What advice would you give new or first time home buyers?
Buy now when the rates are so low!
Tell us about a mortgage product that consumers may not be aware of?
We can lend money with % down and no PMI.
How has the mortgage industry changed since you started, and what would you expect in the future?
The biggest change has to be the compliance part of the financial services industry.
What part of the home loan process do customers find most difficult and how do you help them through it?
Clients will sometimes struggle to find previous years tax returns for us.
What are the top 3 misconceptions people have about the home loan process?
They need 20% down to avoid PMI, bad credit means they can't buy a home, 20% down is required to purchase property.
What 2 or 3 mobile apps would you recommend for home buyers or house hunters, and why? What Smart Apps do you recommend your customers use for the house hunting process?
Guaranteed Rate application app.
What resources could you recommend that borrowers use to learn more about the mortgage process and how to ensure a successful home closing?
Zillow value estimator.
What can borrowers do to insure a smooth mortgage underwriting process?
Keep solid financial records on file.
Summary of where you grew up: family, affiliations, college, high school, etc.
I was born and raised in Downers Grove, IL and have lived here my whole life.
What provides you with the most satisfaction in your job as a Loan Officer?
Going to a closing and seeing how happy people are once they get the keys to their home!
What do you enjoy doing most in your spare time when you are not helping people with their home loans?
Staying active, swimming, bike riding and golfing.
Tell us something that makes you unique or something wacky, yet interesting about you?
I am a step dad to three beautiful girls who mean the world to me!

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