About Quality Mortgage
FOR IMMEDIATE RELEASE
Hot item: New Technology, An Alternative to Conventional Lenders
Four Seconds for Your Financing
In today’s volatile real estate market, let technology and creativity you get the best loan….fast!
You found your dream home and now you need the mortgage money, and of course you want the best rates possible. According to Spencer McMullen, owner and Mortgage Consultant of Quality Mortgage's new offices at 1900 State St., “Our clients appreciate our very fast, high tech approach, that saves time and money to get them the best mortgage rates.” McMullen’s approach to his business is efficiency, tied to constant research, with an emphasis on the comfort level of the client offering them creative packages based on a full range of lending options.
Loan approvals can be obtained via their automated underwriting systems
within a matter of minutes. These approvals differ from regular loan
approvals as they are not only faster but they tend to require less
documentation. Many times all that is required is a pay stub and one
month's bank statement for documentation of income and assets. Many loans
under 90% loan to value do not need a full appraisal done on the property.
This saves time and money for the homeowner. The automated underwriting
systems also break the rules and are not as rigid as manual underwriting has
been. The risk based system will allow people to be financed as little as
2 years from the filing of a bankruptcy where manual underwriting makes people
wait 4 years. The benefits do not stop there. Loans can now be
applied for on Monday and close on Friday. "People have better things
to do with their lives than be tied up in some loan process for weeks or
months." Says McMullen.
Spencer R. McMullen
Spencer has an impeccable reputation which has continued to spread as both a top producer and as a manager. His referral network has become extensive, allowing him to complete transactions in nearly every county throughout Northern and Southern California. He currently has agents throughout California and Mexico. Their combined experience exceeds 100 years in the industry.
Spencer's high standards for ethics, technology and hard work have had a significant impact for him since 1992. Each year Spencer has gained market share directly from consumers and from real estate agents. Since 1995, referral business has become the dominant portion of the firm's business, while all aspects of new business continues to grow. Spencer currently expands his abilities through extensive continuing education in the subjects of banking, computer technology, taxation, and various legal issues which impact the mortgage industry.
Spencer lives in Santa Barbara with his two children. Spencer enjoys snowboarding, skeet shooting, antique and coin collecting, scuba diving (He is a PADI Divemaster and has training in Advanced Nitrox, Rebreather and Free diving), mountain biking and off-roading. Spencer also holds a California Real Estate Broker license and is a Notary Public.