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I have built a nationwide organization as a full-service financial services firm.
Licensed to conduct business in all 50 states, I specialize in providing mortgages for Investors, Self-employed, Unique Properties, and individuals with credit issues. Some may refer to this as NONQM, DSCR, Hard Money Loan Options. I have been in the mortgage industry since 1994.
I also specialize in financial and retirement consultants for school districts and public employers. Our role within this market sector is to teach and educate our teachers and public employees on how their state pensions work and what type of retirement planning they need to do to be adequately prepared to live out a dignified retirement. We are then able to make recommendations on what type of investments, annuities, and life insurance policies they should have in force. This niche allows 100% of our time to be spent working with a clientele. (Securities & Insurance License required)
mikefehr11@gmail.com
630-465-8127
Memberships: BBB, IAMB, NAMB, Chamber of Commerce, Booster
Dedicated to Ensuring Eligible Veterans Receive the Benefits They Deserve - USA
I am a proud US Marine Corps Veteran, committed to supporting my fellow veterans in their time of need.
Started and built a successful Mortgage Banker/Broker/Title Enterprise (recognized as "Top 100 Lender in the US") licensed in 22 states with 43 office locations employing in excess of 200 Loan Officers. Selling an average of 20 million per month thru wholesale & correspondent channels.
(CA, IL, IN, MI, WI, OH, NV, AZ, MT, CO, FL, NC, TN, TX, CT, PA, GA, NM, UT, MO, KS, MN)
DIVISIONS:
WHOLESALE LENDER: role entails origination of TPO broker SFR & Multi 1-4 unit residential loans to register, process, underwrite and sell or service on the secondary market to the designated investor. Actively recruit Account Executives through all states in which the company was a licensed Mortgage Banker & wholesale lender.
RETAIL BROKER: role involves origination of SFR, Multi 1-4 unit residential loans. Market and originate SFR and Multi 1-4 unit residential loans for purchase and refinance business. Currently recruit registered loan officers and branch managers for all licensed states. Loan originations include FHA, Conventional, Seconds, and sub-prime loans.
SELLING & SERVICING: Secured two (2) $5M warehouse lines of credit with First Franklin Bank & Access Lending. Established purchasing agreements with Countrywide, Indymac, Bear Sterns, Goldman Sachs and GE Capital. Grew from ground level to selling an average number of 75-150 units per month. Average loan size was 233K.
TITLE: role included providing an inexpensive title report which was required with every file. The consumer was given the right to choose the title company. Our price and service was unmatched and complimented both mortgage divisions. Title was licensed to conduct business in all of our licensed states.
Nationally recognized as "Top 100 Lender"
IAMB lender of the year: 2004,2005,2007
NAMB lender of the year: 2005, 2006, 2007
Sold company November 2012.
Managed origination and processing of home purchase and refinance mortgage applications. Loans were Conventional, Seconds, and sub-prime.
403B, 457 Retirement Plans. Originated home loans, securities and insurance applications. Home loans were FHA, Conventional, and sub prime. Insurance was Life, Variable Annunities, & Securities.
Series 7 & 63, Life Licensed
EARLY CAREER