It's a new year! See what Essex has been up to this month!
Every month we post to our social accounts but sometimes, that gets lost in the massive amounts of content found online at any given moment. Keep up to date with us in our blogs and monthly newsletters.
Here's what you'll find in this newsletter:
Top Loan Officers & Employee Spotlight
Top Loan Officers from last month:
Jake McDonald, Ryan Blomberg, and Belinda Price
"Jake’s communication and following up every step of the way made it a great experience. The whole team was very helpful and outstanding!"
"I appreciate how Ryan kept me informed throughout the loan process, answered all my questions, and made sure that it was a great experience."
"Belinda was so helpful and kept us updated every step of the way. There was never a moment where we felt uninformed. She was very quick to respond to our questions. The process was clear and efficient and we were able to close on our house so quickly."
Kelcey | Chief Compliance Officer
Question: How long have you worked at Essex?
Answer: 13 years
Question: Why do you like working at Essex?
Answer: I am very grateful for our Essex team members, many of whom I have worked alongside for the majority of my career. There is a wonderful system of support and camaraderie here.
Question: What's a fun fact of yours?
Answer: I love and collect antique books- not expensive first editions, but the well-loved kinds that were likely in someone's library for generations.
Question: What is the last book you read?
Answer: Kaikeyi, by Vaishnava Patel. It's a really interesting take on Hindu mythology.
About Essex Mortgage
community spotlight: Project Night Night
Our mission is to provide free Night Night Packages to homeless children from birth to pre-teen who need our childhood essentials to have a concrete and predictable source of security and increased exposure to high-quality literacy materials during this time of upheaval. Each Night Night Package contains a new security blanket, an age-appropriate children’s book, and a stuffed animal — all nestled inside of a new canvas tote bag.
Voted the “Best Children’s Charity” by San Francisco Magazine, Project Night Night has
emerged as a leading provider of nighttime comforts for homeless children.
If you would like to learn more or donate to Project Night Night, click the link to learn more: https://www.projectnightnight.org/donate-money/
(Photo from projectnightnight.org)
Hailing from Essex, England, Roland Weedon founded Essex Mortgage in 1986. With a background in education, Roland remained adamant that educating the client wouId be the company's #1 priority. Today, Roland still holds to the fact that an educated client is best quipped to make decisions that are not only in their best interest, but also help in achieving both short and Iong-term goaIs.
FHA mortgage loans are a special loan program that is offered by the Federal Housing Administration (FHA). While the FHA does not directly lend the money, they do endorse certain lenders, which Essex Mortgage is one of, to offer loans on behalf of the program. Since the guidelines for FHA loans are flexible, they are ideal for first-time homebuyers and those with less than perfect credit. FHA loans have no income limitations and allow the borrower to pay a lower down payment.
annual percentage rate (apr)
Annual percentage rate, or more commonly referred to as APR, is how much the loan costs over the loan term expressed as a rate. Included in the APR is the interest rate, points, mortgage insurance, loan origination fees and any other credit charges that the borrower is responsible for paying for.
Once the borrower's mortgage loan application and supporting documents are obtained, and the disclosures are issued, the loan moves into the processing phase. After the borrower acknowledges the disclosures, a credit card will be collected to pay for the appraisal (which is the only upfront cost in the process). While waiting for the appraisal report, the processing department will review the borrower's file and any additional required documents will be collected to then move the loan into underwriting.