Amerifirst Mortgage Banking Co-Founders and Co-CEOs Mark Jones and David Gahm were recently interviewed by Mortgage Bankers Association (MBA) and featured in the latest MBA Insights edition, an in-depth industry news source produced by MBA. In business together for 35 years, Jones and Gahm shared their philosophies on recruitment, expansion, and trends and issues that the industry is currently facing.
MBA: Some lenders are shying away from FHA, VA and USDA Rural Development loans; you're embracing them. What opportunities do you continue to see in these loans?
Mark Jones: These products play an important role in providing credit access to first-time home buyers and communities that are traditionally under-served. We have seen many banks discontinue these products, which has left many local communities (especially the rural ones) with fewer mortgage options. We get to fill that void for our customers, not only with FHA, VA and USDA loans, but also FHA 203(k) renovation loans, loans for manufactured housing, and (soon) construction loans, which only a small handful of lenders will offer. We enjoy getting to play the role of educator for tens of thousands of first-time home buyers; helping them onto this important entry ramp to wealth-building is truly a sacred trust that we don't take for granted.
Read the full interview at Mortgage Bankers Association.