#brokerbetter – Getting Your Mortgage Approved Faster

A product of the Bronx, Rich DeSimone knows a good deal when he sees one. As a loan consultant for Loan Depot in Westchester over the past 15 years, he has seen the ups and downs of the market.

“2018 was a challenging year. Low inventory created a seller’s market. Desirable homes priced between $500,000-$800,000 were flying off the market. Multiple offers on the same homes made things extremely competitive for loan officers.”

With a competitive landscape for families to find homes in good school districts around the county, speed in closing on a mortgage deal has become the number one imperative.

But before there’s that final handshake and a key placed in a palm, future homeowners need to secure insurance for their new abode.

“Once the loan is approved and prior to closing, all buyers need to show proof they have a home insurance policy in place. All lenders will require 100% replacement cost coverage to protect them in the event of a total loss,” Rich says.

And the team he has been trusting to do that within the last year is Morrell Insurance, lead by its president, Rick McClatchie.

“When you make a referral it becomes an extension of yourself and I have full confidence in referring Rick. Insurance can be confusing for first time buyers. Rick takes the time to answer all of their questions and explain all of the details.”

There’s a reason:

“When customers shop their own insurance, they never get the right amount of coverage. This tends to slow Rich down–which creates more stress for the client. Customers end up paying more for less coverage when they do it on their own,” Rick says.

Working together, Rich and Rick have formed a solid foundation to move clients into coverage quicker and more efficiently.

“Rich is able to provide me with the info I need, and, also, alert me to issues such as debt to income, bad credit, and flood insurance needs. Our service alleviates the customer from doing another task they’re unfamiliar with. They get to talk with a professional about their specific needs for homeowners insurance.”

Whether you’re a new home buyer or a broker looking to provide clients with a more professional experience, be part of the #brokerbetter movement and call or email Morrell Insurance today.

Your future loan and house are depending upon it.

---