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2020 National Mortgage Professional Month Department Series

2020 National Mortgage Professional Month Department Series


2020 National Mortgage Professional Month Department Series

Each year, Mortgage Investors Group helps thousands of homebuyers select the home loan program best suited to their needs. Yet, few people outside of the mortgage lending industry understand the hard work happening behind the scenes that leads up to the memorable day when the borrower receives the keys to his or her new home. To commemorate National Mortgage Professionals Month this September, we have been sharing insights into the important roles each department plays in ensuring our borrowers are able to finance the home of their dreams. We have been highlighting a department every week. We have created a round-up of all the departments highlighted.


Our Compliance staff is made up of 4 experienced people who help the loan process stay on track and that the loan is valid and complies with federal and state regulations.

Read more about the Compliance Department.


The roughly 80 men and women who make up our Processing department are a detail-oriented, organized group who serve as a bridge between the Loan Officers, title company and other departments, such as Underwriting and Closing. From the moment a loan application is submitted, they begin the process of reviewing it for completeness and accuracy.

Read more about the Processing Department.


Our Underwriters are tasked with making sure borrowers can afford the houses they want to buy.

“For most of us here in the MIG Underwriting department, we’ve been doing this for a long time. We take our responsibility seriously.” Underwriting Manager, Stephen Gassert, said. “It takes a lot of ongoing training to assure that we are on top of an ever-changing industry. Everyone on the team is a risk specialist. This is the client’s home, we need to get it right.”

Read more about the Underwriting Department.


When a borrower “closes” on a home, they become the legal owner of the house. Before our clients go to their closing, our 23 Closers &  support members are hard at work organizing all the documents the homebuyers will need to sign at the closing table before receiving the keys to their new home.

Read more about the Closing/Post Closing Department.


In addition to educating borrowers about down payment assistance programs and special discounts for first-time homebuyers, Loan Officers work with clients to structure the loan to maximize the use of funds available in the transaction. They can offer advice, for instance, as to whether it’s better to pay mortgage insurance monthly or all upfront at the closing. They can help with maximizing tax deductions and tax liability, as well.

Our roughly 120 Loan Officers assist our customers with getting pre-qualified for a home loan, educate them about the lending process and then walk with them through that process to the closing table.

Read more about the Loan Officer & Loan Officer Assistant roles.


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Mortgage Investors Group, based in Tennessee, offers residential financing in a number of states in the southeast, See MIG Service Areas. Terms and conditions to apply to home financing. We want to share with you the loan terms vary based on several characteristics and your financial profile. These include but are not limited to loan program, loan purpose, occupancy, credit history, credit score, assets, and other criteria per loan type. The repayment terms and interest rate may vary from time to time. The terms represented here are based on certain assumptions outlined below and/or noted on the loan outline page. Additional details concerning privacy, program disclosures, licensing specifics may be found at migonline.com Legal Information.

MIG Loan Officers will help gather the information needed for an individual assessment to provide home financing which matches the loan characteristics with your home financing needs based on your financial profile, when you are ready to begin a full loan application. For estimates and general information before that step, the basis for which the mortgage financing information are as follows:

  • Rates are subject to change at any time.
  • Rate locks are available at current terms for 30 to 180 days based on program type, credit profile, property location, etc. which will affect the available rate and term.
  • Rate locks are available at current terms for 30 to 180 days based on program type, credit profile, property location, etc. which will affect the available rate and term.
  • Payments will vary based on program selection, current rates, property location, etc.
  • Not all programs are available in all states.
  • Some loan programs may not be available to first time home buyers.
  • Terms and conditions apply, which may include restrictions or limits per loan program.
  • Information is generally based on primary residence occupancy with no cash out when refinancing.
  • Unless otherwise stated, terms shown are estimates based in part on credit score of 700 or higher; owner occupancy, escrow account is established for taxes and insurance(s); debt-to-income ratio no higher than 43.0%; PMI applies to conventional loan programs over 80.0% LTV; VA,FHA & RD require insuring fees included in loan and/or payment; fixed rate, 30 year term.

An MIG Loan Officer is available to help with your financial details to determine which characteristics apply to your situation for a personalized look into which loan program best fits your home financing needs. Please use the Find a Loan Officer link or reach out to Mortgage Investors Group at 800-489-8910. Equal Housing Lender 1.2020