How long have you been in the mortgage business and what inspired you to get into it?
15 Years in the Mortgage Business and love helping people achieve their financial goals.
Who is your typical customer and what questions do they typically have?
First time home buyers, and seasoned investors.
What specific steps do you use to help your customers find the best home loan for them?
We have great loan programs at Guaranteed Rate to fit all types of borrowers and financial goals. We offer Jumbo loans, FHA, VA, and construction loans.
How long have you been in the mortgage business? What awards have you won?
15 years. Voted 5280 Five Star Mortgage Professional by my clients
What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
Fixed mortgages allow you to relax and not worry about the future. However, if your time frame dictates you may move or refinance in 5 to 7 years, an ARM can save significant money.
Tell us about a specific challenging borrowing situation and how you got the mortgage closed and funded.
Our borrower had to leave town unexpectedly and we had to close the loan immediately. I met the notary and the borrower at the Airport and got the closing done before her flight!
What advice would you give new or first time home buyers?
Call you Loan Officer before you go looking for a house. Knowing what you can afford and being ready with a pre approval letter goes a long way to getting the right home.
Tell us about a mortgage product that consumers may not be aware of?
Investment Loans for 1-4 unit properties allow for conforming rates up to $750,000 loan amounts. Boulder High Balance Conforming Loans allow you to borrow up to $474,950 at conforming rates.
How has the mortgage industry changed since you started, and what would you expect in the future?
Change is a constant in our industry. I expect more of the same in the future.
What 2 or 3 mobile apps would you recommend for home buyers or house hunters, and why? What Smart Apps do you recommend your customers use for the house hunting process?
My Loan App. https://davemajcen.mortgagemapp.com/ Great loan calculator for determining loan payments in real time as you look at homes with your realtor!
What can borrowers do to ensure a smooth mortgage underwriting process?
Have your documentation in order. Loans are underwritten to Federal Loan Standards so don't take it personally when we ask you for every piece of financial information you have!
Are you active in any fundraising organizations? What goals and/or success have you helped them achieve?
Past Board Member-Goodwill Denver. Helped double the fundraising efforts during my tenure.
Summary of where you grew up: family, affiliations, college, high school, etc.
I grew up in Massachusetts and New Hampshire. Went to college and majored in Economics at the University of Vermont. I have lived in CO since 1989.
What do you enjoy doing most in your spare time when you are not helping people with their home loans?
Sailing, boating, traveling and skiing.
Tell us something that makes you unique or something wacky, yet interesting about you?
I shot baskets with Larry Bird and the Boston Celtics.