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

Merry Christmas from TAPinto Millburn-Short Hills

December 24, 2017

MILLBURN, NJ - The staff at TAPinto Millburn-Short Hills wish all our readers who celebrate a Merry Christmas.  

Millburn Police Investigate Theft by Nordstrom Employee

February 14, 2018

Press Release February 13, 2018

 

On February 6, 2018 Millburn Police Officer Royce stopped a 2009 Jaguar XKR as it exited the mall for having no front plate. The investigation led to the arrest of 50 year old Christopher Garibian of Morristown on an outstanding traffic warrant out of Morris Township. Mr. Garibian was placed under arrest, issued summonses, and released after posting ...

AtlantiCast

AtlantiCast Medical Minute: Atlantic Orthopedic Institute’s Scoliosis and Spinal Deformity Center

On this episode of the AtlantiCast Medical Minute, we’ll take you inside the Atlantic Orthopedic Institute’s Scoliosis and Spinal Deformity Center, with the center’s director, Jason Lowenstein, MD.

Video Link: https://www.youtube.com/watch?v=1M7euCp86-c

AtlantiCast Episode 011

Breaking Atlantic Health System news on this week’s AtlantiCast! Plus, find out why Morristown Medical Center is one of the best hospitals in the nation when it comes to recovering from joint surgery, see the newest center for fighting brain cancer and an Atlantic Health System red-carpet premiere!

 

Upcoming Events

Carousel_image_f26368aa9b02b695afce_3fc10d7c6037ec8915fb_0952ca79b18478625c5395f2431688f1

Mon, February 19, 7:45 PM

Education Center, Millburn

Millburn Board of Education Meeting

Carousel_image_4f8324cc0a175d48b73e_bbc4a05ee6841cf55043_martamcdowell-photo-by-marco-ricca

Sun, February 25, 2:00 PM

Greenwood Gardens, Short Hills

All the Presidents’ Gardens Talk & Book Signing ...

Home & Garden

Carousel_image_61e402c79011d14d92ba_b01211242c63812560cd_networking

Tue, February 27, 8:15 AM

Congregation Bnai Israel, Millburn

JBN Presents: Women's Networking in Millburn

Business & Finance

Carousel_image_5e76a1ee2cccb116935e_img_8d1f0beb8d7a-1

Sun, March 4, 10:00 AM

South Mountain Dog Park, Maplewood

March Fourth for Colon Cancer Prevention 5K

Paper Mill Playhouse Announces the World Premiere of 'Unmasked'

February 18, 2018

Paper Mill Playhouse (Mark S. Hoebee-Producing Artistic Director, Todd Schmidt-Managing Director), recipient of the 2016 Regional Theatre Tony Award, announced today the world premiere of UNMASKED, which will feature some of Andrew Lloyd Webber’s most iconic work and the stories behind its creation, along with new music and memories from his extraordinary life and career, will open its ...

Millburn Township Republican County Committee Call for Potential Candidates

Registered Republicans interested in serving our community are encouraged to run for the single open Township Committee seat in the 2018 election.  The Millburn Township Republican County Committee invites prospective candidates to arrange an interview by contacting Chairwoman, Mary McNett, at 973-376-3345 or via e-mail at mary.mcnett @gmail.com.

Ms. McNett noted ...

Harry Connick, Jr. to Appear in the World-Premiere Production of "The Sting"

Paper Mill Playhouse (Mark S. Hoebee-Producing Artistic Director, Todd Schmidt-Managing Director), recipient of the 2016 Regional Theatre Tony Award, has announced that Harry Connick, Jr. will star as Henry Gondorff in the world-premiere production of The Sting.  The musical is based on the 1973 film, and will have its world premiere at Paper Mill Playhouse for a limited run from March ...