LeTip Chester County East met on Tuesday, December 29, 2015 at the Wyndham Garden Hotel in Exton, PA. We welcome new member Dan Frame, an electrician from Electrical Plus (www.electricalplus.net). A guest representing telecommunications visited with us. Our showboater for the meeting was our portrait photographer, Jack Ansley (This email address is being protected from spambots. You need JavaScript enabled to view it.). Jack showed us that, in addition to taking professional portraits of people and animals, he also has a large library of scenic photographs that would make excellent gifts or add a touch of beauty to any home or office.

Our speaker was mortgage broker Lonnie Cooper from The Rate Kings Mortgage (This email address is being protected from spambots. You need JavaScript enabled to view it.). The mortgage loan process begins when a potential customer fills out an application, either online or over the phone. Lonnie will take a look at all of the pertinent data supplied in the application to look for anything that could become an issue once the application is presented to the bank. It's better for Lonnie to address the issues with his customers before they get surprised by unexpected questions or problems from the bank. If Lonnie feels that there are no issues (or that they have been dealt with appropriately), then he will give a rate quote to his client. Once the client accepts the rate, Lonnie will send them a checklist of all the items that the bank will want to see prior to approving a mortgage loan. Once again, Lonnie will check to make sure that all documents are accounted for and that he doesn't notice anything that could be a red flag for the bank. The customer then will look over several pages of disclosures, which they then need to sign. Lonnie then will review all of the documents and signatures prior to sending the whole package to the bank. Once the title to the home has been cleared and an acceptable home inspection has been completed, the client is cleared to close and can confirm the closing date. Lonnie is proud of the service that he provides, including all of his pre-underwriting that minimizes unforeseen problems from the bank. He wants the entire process, from application through closing, to be as smooth as possible. He typically receives five-star reviews from his clients once closing is complete. Contact him for mortgages or refinances.