Business & Finance

Jon Lamkin at Guaranteed Rate Sees Real Estate Market Booming

cf4818387c92fe900fe5_IMG_3357.JPG
Jon Lamkin of Guaranteed Rate
cf4818387c92fe900fe5_IMG_3357.JPG

MILLBURN, NJ – Jon Lamkin enjoys working for the largest mortgage bank you have never heard of. Guaranteed Rate is the country’s eighth-largest lender, but it is just beginning to make more headway into the Northeast.

“The company has been lending for 12 years, and is headquartered in Chicago,” said Lamkin. “Until now, they have not had much of a presence in the northeast.”  Their strategy, he explained, has been to recruit top producers from other lenders. Lamkin himself has been in the mortgage business for twelve years, and has been among the top one percent of mortgage originators for the last four years.  He was persuaded by Guaranteed Rate’s business model.

“The technology and the marketing support they give us are completely second to none,” Lamkin said. “Our company does about a billion dollars in originations a month. We are typically able to beat the competition by a quarter or an eighth on their rate more often than not. So it’s great service and low rates.”

Sign Up for E-News

The real estate landscape has changed quite a bit in the last couple years. After 12 years, Lamkin has seen the highs and lows of the real estate market.  He said that in 2012, his business was approximately 85 percent refinancing and 15 percent home purchases. This year, it is exactly the opposite, he said.  Pent up demand has buyers jumping at homes as soon as they hit the market.

One feature of Guaranteed Rate’s technology that Lamkin said realtors and customers have been enjoying is the online application available at his website.

“If someone decides they need a pre-approval at midnight, they can hit the ‘Apply Now’ button 24-7 and we can give them a pre-approval instantly,” Lamkin said.  “It also gives the client a free credit report on the spot.  The whole thing takes ten or fifteen minutes.”

Once the supporting documents are sent in, Lamkin said Guaranteed Rate can issue a commitment in 48 to 72 hours.

“I have never worked at another company that can turn things around so fast,” he said.

Lamkin said he does not believe in the hard-sell approach.  “The reason people like coming to me is that I try to educate and give advice,” he said, noting that in many ways, the individual a customer choses to work with is more important than the institution.

He likes getting to know his clients.  Rather than talk about what his company has to offer, he strives to learn more about them.

“I want to review all the options and analyze their buying power so they know exactly what they can afford, rather than going blindly on the internet thinking they know all the steps in the process,” he said.  “I like to hold people’s hands and give them the pros and cons of homes at different price points so they can feel good about their decision. I make every client personal.”

Jon Lamkin may be reached at 973-219-9282; jon.lamkin@guaranteedrate.comwww.guaranteedrate.com/jonlamkin.

 

Editor's Note:  Guaranteed Rate is an advertiser on The Alternative Press.  To learn more about becoming an advertiser, please call 908-279-0303 or email marketing@thealternativepress.com

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Millburn/Short Hills

Vehicle Stolen from Residence; Millburn Police Department Investigating

May 10, 2018

On May 2, 2018 Millburn Police Officer Barbosa responded to Neiman Marcus on a theft report. Neiman Marcus personnel report a black male wearing a black jumpsuit with the word “Kappa” on the front, and a black male wearing a blue shirt with the word “Champion” on the front each took a backpack valued at $1195.00 each and left the store without making payment. The incident ...

AtlantiCast

AtlantiCast: Episode 15

On this week’s AtlantiCast, learn some important tips for controlling and avoiding diabetes from an Atlantic Health System expert, see how Atlantic Health is advancing cutting-edge research, hear what’s being done to keep health care environmentally friendly and much more!

 

Upcoming Millburn Township Committee Primary Election

May 12, 2018

Dear Fellow Millburn and Short Hills Residents,

Having given the selection of a candidate for the upcoming Millburn Township Committee primary election some serious thought, I have come to the conclusion that Corey Biller has the credentials to move the Township forward in a positive manner.

I know that Corey will bring a new and positive sensibility to the Committee, one that is ...

Upcoming Events

Carousel_image_c19129d5beaa356fde55_409d9c91c7a0a2c72ef9_image

Sun, May 20, 12:00 PM

YB Fitness, Short Hills

Cycle for Wheels Spin-a-thon for MSHVFAS

Carousel_image_f26368aa9b02b695afce_3fc10d7c6037ec8915fb_0952ca79b18478625c5395f2431688f1

Mon, May 21, 7:45 PM

Education Center, Millburn

Millburn Board of Education Meeting

Carousel_image_27a1c651521c971f9a4d_1cdb218c0a6934197fac_b2a4cff22151f502f44b2552724bef71_xl

Thu, May 24, 7:00 PM

Livingston Public Library, Livingston

Understanding Hearing Loss

Health & Wellness

Carousel_image_5e04ad2ab20990a85225_da97f2a9df7ada16e603_best_crop_05ec05a6516f3f538bac_3a7a784dfab2e460085f_img_0033_2x

Wed, May 30, 6:15 PM

Millburn High School (Back grass fields), Millburn

Millburn Color Run

Arts & Entertainment Education Giving Back Other

Suicide Awareness and Intervention Training coming to Millburn Library May 23

May 19, 2018

Caring Contact, a crisis hotline that serves Northern and Central New Jersey, will host Suicide Awareness and Intervention Training at the Millburn Library on May 23, 6:30-8:30 p.m. There is no cost for this training but space is limited so registration is recommended.

 

To register, visit http://weblink.donorperfect.com/SuicideAwarenessSpring2018.

 

Caring contact's ...

Uber & Mack-Cali Partnership Expands to Four New Locations in Short Hills

NEW JERSEY - Uber and Mack-Cali Realty Corporation (NYSE: CLI) are announcing the expansion of their relationship to include a commuter ridesharing partnership at four commercial properties in Short Hills, NJ. Similar to a program that was announced in February at Mack-Cali’s properties in Metropark, the partnership caters to the modern office worker’s desire to live a car-free, ...

Street Dedication Ceremony Honoring Scoutmaster Fineran Set for Sunday

Street Dedication Ceremony Honoring Late Scoutmaster Ken Fineran Officially Scheduled
Sunday May 20 at 11:00 am

Millburn Township and Boy Scout Troop 17 of St. Rose of Lima will be honoring the life and accomplishments our beloved Scoutmaster Kenneth W. Fineran on Sunday, May 20th. Troop 17 Scouts, in conjunction with Millburn Township and St. Rose of Lima Church, have scheduled two ...

SURVIVING A STROKE: Quick Medical Response Gives Mom Her Life Back

Carotid artery dissection. It’s one of the most common causes of stroke in younger adults.

And while you might not associate the word “stroke” with younger patients, the condition – if not treated immediately – could lead to paralysis and even death.

Lindsey Singh can attest to the importance of immediacy. The 31-year-old mother of two from Flanders experienced ...