Why Use Steve Emory at Pacific Residential Mortgage?

Experience

• Writing loans since 1981
• Over $300 million in closed loans since 1993 in Oregon

Knowledge

• Chairman of Ethics Committee Oregon Association of Mortgage Professionals '99-'04
• Industry Expert asked by State of Oregon to help create updated loan officer test for 2007
• Mortgage Industry Participant with Oregon Governor Kulongoski’s Mortgage Lending Workgroup 2007 for Feb. ’08 Special Session
• Mortgage Lender Trainer
• Seminar Speaker on Compliance with Federal and State Laws
• Consumer Protection Published Articles in The Oregonian & Hillsboro Argus
• Guest many times on local radio show for Real Estate Hour

Awards

• Mortgage Broker of the Year, Oregon Association of Mortgage Professionals
• President's Choice Award, Oregon Association of Mortgage Professionals
• President's Award for top loan volume at last employer 10 consecutive years

(When I write the above, I try to stay humble and not get too big of a head :) ) Most all of my business comes from referrals from past customers or related business referrals (Realtors®, Bankers, CPA’s, Attorney’s, Builders & more) and that is where I really give credit for my success. I return my calls as soon as possible and always try to return the call before I leave for the day. You will always understand the process and be kept informed of status. You will be comfortable knowing you are in good hands and have gotten a competitive loan rate & costs, without any games. I enjoy helping people fill in the application as how an application is "structured" is sometimes as important as what is written, especially in today's world of computerized approvals. I also help with any letters to underwriting about credit, job changes or anything else needed. I am on the cutting edge of technology in regards to the mortgage loan process to save time & paperwork required. If any problems come up during the loan process (rarely, but sometimes beyond our control), I know how to fix them. Normally, I avoid problems upfront, at time of application, by knowing what is needed to prevent them. I have close, long term relationships with my appraisers, underwriters & other staff. My past customers are always telling me I’m better by far, than the loan officer they had last time and that this time they really understood what was happening. My wife says I’m the best too, but I need to stop now as my head is getting way too big.

About Steve

After I leave the office for the day, I am a husband of over 27 years to the same lady. We live out in Newberg with our five dogs (Great Dane to a miniature dachshund) and two cats. I run with the dogs each morning for about 45 minutes, rain, snow or sunshine. We have two sons. Our oldest is a soldier in the US ARMY as an army nurse and our youngest is at the University of Oregon studying Physics currently. My wife & I are both very proud of both of our sons. They are growing in to good decent young men with career goals. It is easier on me to let them grow without detailed parenting than my wife. She wants to worry over everything they do. I realize they need to make some mistakes and I can tell they don’t want advice for everything at this point in their lives (I didn’t from my parents). At times I can’t help myself and give advice as you never quit being a “parent” but I try to limit myself to critical items at this point. I estimate they need to be about 25+ to listen to me again. We have lived in the same house for over ten years and it seems I spend a lot of time at Home Depot with minor repairs or remodeling something. We like to camp a lot. We camped before we had our sons, with our sons in Boy Scouts, and now again just the two of us (& pets). Oregon has many nice spots to camp within a few hour drive of Portland Metro. We go to the coast quite a bit but also go in to the Cascades. We used to tent camp but now we have a small motorhome. It’s much nicer to have a regular mattress and a heater than backpacking. Works better with the pets as well. There are a few other couples with RVs we go with occasionally. It is very relaxing. I don’t watch much regular TV except news but I do enjoy movies at home. I can re-watch some of the old classics every month but I enjoy a wide variety of movies. We go out to dinner occasionally with friends and go for a day drive to the coast at least once a month, year round.

It is never boring and is actually quite satisfying to help people get home loans. Some loans are easy to get approved but others are quite difficult. There have been a lot that were turned down by other lenders that I was able to get through. When you tell someone they can get the loan they need, whether to buy their dream or to help a financial situation or crisis, they are appreciative. Helping a "First Time Buyer" understand the process and get their first home is very rewarding, too.

How I Work at Pacific Residential Mortgage

Best of all worlds for getting you the right mortgage loan. Mortgage Banking or Mortgage Brokering, if it's mortgage loan, I offer it all. We broker to many of the major national lenders you have heard of, as well as, local lenders that Portfolio their loans with "Makes Sense" approvals for unique situations. Our Mortgage Banking approves loans in house as all major mortgage banks do, but is better than most in that we shop multiple sources of mortgage rates each day to be sure our interest rates and fees are some of the most competitive available at all times. Your national bank or large credit union only uses one source of interest rates, theirs.

For loan approvals, almost all mortgage loans today (probably over 90%) are approved by computer programs. FannieMae (FNMA) or FreddieMac (FHLMC) have software programs called "Automated Underwriting Systems" or AUS. FannieMae calls their system Desktop Originator/Underwriter (DO or DU) and FreddieMac's is Loan Prospector (LP). Every lender that writes conforming loans (conventional or "A" paper like major banks) uses one or both of these systems for every mortgage loan approval. Many banks add their own requirements in addition to FannieMae's or FreddieMac's "findings" or approval. Once you understand this fully, you understand that loan approvals are not so much based on what lender you go to, but rather on the individual loan officer entering the data. Knowing how to enter the data (and what not to enter) and knowing how to tweak the parameters of your loan, are critical to your loan approval. It will also make a big difference on how hard or easy the loan process for you will be. The loan officer's skill and knowledge of these systems may even affect what interest rate or loan program you will end up with at close. I have had direct access to both AUS systems since their inception many years ago. I am highly skilled at their use and have trained other loan officers to use them to their customers' advantage. You can watch me run your approvals "live" in my office. Don't take an "A-", "Stated Income" or lesser quality loan from someone else until you let me try and help you.

Service

"Service" is an over used word that does not mean much to most businesses anymore. At Pacific Residential Mortgage LLC, we do what we say . . . when we say it. We will meet with you face-to-face to fill in your loan application, or you can do business with us completely online with the Internet, email, fax, phone and UPS. Come into the office, or just call, your choice. Even if you just call us and do business via technology, you know you can come in and see us if you want. We're local and have an office. We are not in California, out of state or working out of our trunk with a laptop. Some customers were hesitant to drive into my offices from a distance, they were not sure it would be worth the trip or time off work. Everyone leaves my office telling me they were very glad they did (even people that came in from Hood River to Beaverton). They learned a lot, understood their options better than ever before and saved money. You can watch us run your approvals in minutes through FNMA or FreddieMac (see below). We will show you multiple mortgage loan options on my state-of-the art software and show you ways to save money now and in the future on your home loan. You will be happy you did business with usin person, or over the phone with technology.

About Lisa

Lisa Montealegre Loan Consultant Pacific Residential Mortgage, LLC 1905 NW 169th Pl Suite 100 Beaverton, OR 97006 Tel: (503) 924-2828 Fax: (503) 924-2829

Lisa is my loan officer assistant. She is very detail oriented and a highly skilled loan processor. Lisa is also fully licensed as a loan officer in Oregon and Washington so brings much more to the table than most staff people at most companies. Lisa helps move your loan along the process to close and will be keeping you informed of progress as I will.

Past Customers Comments

After a recommendation from a friend and a visit to his website, we decided to meet with Steve to see what he was all about. We wanted to meet somewhere more convenient, but Steve dissuaded us explaining that a remote meeting would limit his abilities, allow for distractions, and that he wasn't comfortable with compromises in service. That's hard to disagree with.

He spent three hours with us, explaining our options and offering us his professional advice based on more than 20 years of writing loans. We instantly felt like we could trust Steve to guide us through a process that we were unfamiliar with.

As I sit writing this in our new home, I can without hesitation recommend Steve Emory and Pacific Residential Mortgage to any homebuyer, however; his advice and guidance for the first-time homebuyer is unparalleled.

Michelle & Andy Freed

Thanks again,
Greg Woodworth

We had been priced out of the housing market for years mainly because of high interest rates. Steve evaluated our financial situation and advised us how to position ourselves to qualify for a home loan. We did what he told us, and when the rates fell to a level that was acceptable, Steve got us qualified for a loan and locked in the rate so we could look for a home.

We felt this was our one shot at home ownership, and Steve made it happen. Even when we suffered a financial set back that I thought would end our chances for the loan, I found that because of Steve's vast experience he had anticipated and allowed for changes that often can occur. My worries were put to rest.

We love our new home! I'm positive that having the right person on our team made the difference. That person was Steve Emory. Confident, caring, and professional in every way. Thanks again Steve.

Sincerely,
Tim and Karolyn Laubacher

When we talk about Steve Emory 3 things come to mind: 1-Professionalism, 2-Friendly, 3-Knowledge. We have known Steve for 5 years and have gotten four loans through him. Our first was a no income verification loan to get us out of an owner-contract. Not knowing if we could qualify, we took a chance and called him and he pulled it off. We then refinanced 2 years later. As our family grew, we needed a larger house. He got us a loan on our brand new home, and we recently refinanced and got a terrific rate. We really appreciate the fact that he always makes time for us, returning our calls, answering all our questions, and just knowing the business so well. We would highly recommend Steve Emory. Just call him, he's a great guy!

Jeff & Christy Smith

If it weren't for Steve, I'm not sure that we would have been able to buy our dream home. We had several challenges to overcome, including self-employment, selling a home before we could buy, and coming up with a 20% down payment. He worked hard for us and stayed on top of all the steps we needed to do, even when our real estate agent and title company didn't. He knew how important it was for us, and he had faith in our ability.

Thanks, Steve!
Kraig & Anne Short

Realtors® Links & Homes for Sale

These Realtors® are some of the agents that refer their customers to me. They all have a web page where you can review information about them, the local market and access the homes for sale on the Internet. Click on their images to visit their websites.