There's No 'I' in Mortgage

There's No 'I' in Mortgage

       I have a confession ...     

     I am a "Sportsaholic".  Anyone that knows me knows that to be true.  Especially my wife.

     Name the sport.  I probably watch it or follow the outcome of its competition/games.  Football, golf, baseball, basketball, hockey, bull riding, tennis, more ... all of them pretty much at all levels.  Local kids teams to professional.

      It probably comes as no surprise then, that I've caught a few of the NHL Stanley Cup playoff games played over the last couple of weeks.  Okay .. admittedly more than a few ... and that number even though my beloved Chicago Blackhawks aren't involved this year.

     While I've watched those games, it's become obvious to me that the old saying, "There's no 'I' in Team" is true. The teams that have played the most cohesively as a group have won their games. 

     It's also hit me that much the same could be said of mortgages ... "There's no 'I' in Mortgage".  Because in today's mortgage lending, there's simply no one person that can originate a loan from start to finish without the help of a "team" of people.  

     As an Example:  In the typical Illinois/Chicagoland transaction, there are many people (occupations/team members) that normally take part in the facilitation of a mortgage transaction.  Those are:

  • Mortgage Originator
  • Buyer
  • Seller
  • Realtor (or Builder)
  • Home Inspector
  • Attorney
  • Title Company (Company & Agent)
  • Loan Opener (Orders Appraisal, Verifications, Moves File to Mortgage Processing Department)
  • Loan Processor (Collects, Reviews Data & Submits loan files to Underwriting)
  • Appraiser/Appraisal Management Company
  • Management Company/Homeowners/ Association (if transaction applies)
  • Underwriter (Reviews & Approves File)
  • Loan Closer (Prepares Documents/Funds)
  • Title Company Closer (Coordinates Buyer/Seller Documents)
  • Homeowners Insurance Agent
  • Mortgage Insurance Company (if applicable)

     Teamwork between all of the above is ESSENTIAL to the fluidness and success of the transaction ...   

      If even one of the people mentioned above doesn't complete their portion or task within the processing of the transaction ... or doesn't perform it in a timely, thorough manner ... the deal can derail.  Get off-track.  Temporarily or permanently.

     This speaks to the importance of this fact for Buyers and Sellers ...  

     Taking the time and making the effort to find and select their transactions' "Team" members can't be overstated.  The choices made can have a huge impact on their transaction's outcome.

     No matter the sport or endeavor, the ability and talent to work as a "team" is typically very important.  That is definitely true in today's mortgage financing. 

     There's no 'I' in Mortgage ...



     *  Looking to Buy or Refinance a home or buy an Investment property in the New Lenox - Will County - Chicagoland/IL & WI area? 


        Contact me today!  I'll put my 40 years of mortgage expertise and experience hard to work on your behalf.
     I can be easily found at:

Gene Mundt

Mortgage Originator  -  NMLS #216987  -  IL Lic. #031.0006220  -  WI Licensed


American Portfolio Mortgage Corp.

NMLS #175656  


Direct:  815.524.2280

Cell/Text:  708.921.6331

eFax:  1.815.524.2281






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Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                 IL Lic. #031.0006220  -  WI License #216987                                                                                                    

NMLS #175656


Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 


Your Referrals & Testimonials are Always Greatly Appreciated! 




I think every successful transaction is the result of a team effort. Well said, as usual, Gene.


Posted by Jane Peters, Los Angeles real estate concierge services (Home Jane Realty) almost 5 years ago

And as an agent I feel that the mortgage person on any given deal is part of a team as well as the inspector.  The best possible outcome is NOT even always a closing, but what happens to be best for the mutual client.

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) almost 5 years ago

Hi Gene - Another saying comes to mind from reading your enlightening description of a correctly done mortgage process - it takes a village...

Posted by Dick Greenberg, Northern Colorado Residential Real Estate (New Paradigm Partners LLC) almost 5 years ago

You scored a double eagle with that one! The real estate transaction is more than a single player for sure.

Posted by Gary L. Waters Broker Associate, Bucci Realty, Fifteen Years Experience in Brevard County (Bucci Realty, Inc.) almost 5 years ago

Great post here, Gene.  This also brings to light the importance of an experienced, well-networked LO ---- we have the resources to make a transaction much better than someone sitting in a cube with a headset, and no real team to help keep things moving smoothly.

Posted by John Meussner, #MortgageMadeEasy Walnut Creek, CA 484-680-4852 (Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,) almost 5 years ago

Happy to see this Featured!

Excellent post and great information!  

Posted by Sharon Tara, New Hampshire Home Stager (Sharon Tara Transformations) almost 5 years ago

Nice analogy, Gene.  And, nice to pay due respect to all of those that make every successful transaction a reality.  Have a great week!

Posted by Carol Williams, Retired Agent / Broker / Property Manager (Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals.) almost 5 years ago

This also includes the buyer or seller being a part of the team, which is on the list. Anyone slacks, everyone feels it

Posted by David Alan Baker Laveen & South Phoenix Realtor, Your local Expert (Keller Williams Realty Phoenix) almost 5 years ago

Genee this an awesome post!  There is no I in TEAM. And that is so true in our industry. Most of the folks I work with are very good at team playing. Only a few fail miserably.  We think our our office as a TEAM as well and we all work really well together.

Posted by Anna Banana Kruchten CRS CRB, Phoenix Broker, 602-380-4886 (HomeSmart Real Estate BR030809000) almost 5 years ago

Gene you hit it right on the nose.  A sure way to have a loan fall apart is to try doing it all on your own.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 5 years ago


Well you have knocked one out of the ballpark with this post. This should be everyone's mantra. A successful real estate transaction IS the result of a team effort.


Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California, Inc.) almost 5 years ago

It is why we believe in a "lender list" when all the players are at the top of their game...and understand it IS a team effort....everyone wins !

Posted by Sally K. & David L. Hanson, WI Real Estate Agents - Luxury - Divorce (EXP Realty 414-525-0563) almost 5 years ago

Exactly, there's no "I" in real estate. It's all about teamwork!

Posted by Kat Palmiotti, The House Kat (406-270-3667,, Broker, Blackstone Realty Group - brokered by eXp Realty) almost 5 years ago

Hi Gene.  Very interesting blog.  So many cogs that have to mesh in a transaction.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) almost 5 years ago

I love the post. Congratulations on the feature. Have a good day.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) almost 5 years ago

And that is why being able to manage and coordinate a team effort is so important. 

Posted by Marte Cliff, Your real estate writer (Marte Cliff Copywriting) almost 5 years ago

"I" stands alone. "We" work together!

Posted by Theresa Akin (CORPUS CHRISTI REALTY GROUP) almost 5 years ago

The list is good when the file is in processing but to market and get it there a team may also be necessary...Go back to work people

Posted by Ron Aguilar, Mortgage & Real Estate Advisor since 1995 (Continental Mortgage) almost 5 years ago


Great blog!  I like how you tied this all together with basketball and teamwork.  And I agree, it takes all the professionals you list working together as part of a team to get the deal closed or get a slam dunk as it relates to real estate.


Posted by Dinah Stallworth-Lewis, NATCHITOCHES, LA HOMES FOR SALE (Priority Real Estate LLC - 318.332.8281) almost 5 years ago

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi - goes without saying, a team can achieve more - most of the time!

And that's why, no 'I' - loved the title.

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners) almost 5 years ago

What a clever post, Gene!  I am bookmarking this information to share with those seeking a mortgage, so that they can further understand the complexity of securing a mortgage.

Posted by Sharon Parisi, Dallas Homes (United Real Estate Dallas ) almost 5 years ago

Same with our job, we can not tell: I closed the deal, it is always a large team who helps our principals to sell/buy. 

Posted by Inna Ivchenko, Realtor® • Green • GRI • HAFA • PSC Calabasas CA (Barcode Properties) almost 5 years ago

Good communication is essential to completeing a transaction.  Great post.

Posted by Gene Riemenschneider, Turning Houses into Homes (Home Point Real Estate) almost 5 years ago

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