Serving the Fort Collins and Denver area with exceptional service and customized mortgage consulting.
Matt Martindale earned his Bachelor's of Business Administration degree in Fort Collins, CO from Colorado State University (concentration in marketing, minor in economics) in 1995. Upon graduation, and over the next few years, Matt built and sold a very successful business in 2001. It was at that point his love for the world of real estate began.
Real Estate & Finance Experience
Matt began his real estate finance career in the fall of 2001. After six short months with limited training, he switched firms to America's Mortgage, LLC. There, he began the quest for comprehensive knowledge and outstanding service. Along with many other completed courses, seminars and training, he attended real estate school at night to better understand the real estate purchase process. He then worked diligently over the next few years to hold the title of a Certified Mortgage Lender (CML). During that six-year period, Matt also earned many real estate and real estate finance industry awards, honors and designations including: The Certified New Home Sales Professional (CSP); mastery of the real estate curriculum for real estate technology (e-PRO®); a "Community Education Award" (2005); featured expert panelist for "Banking and Finance in Larimer County" (2005). His span of real estate knowledge, banking and the economy is quite comprehensive.
Seeing his commitment to honesty, integrity and determination in the real estate industry, in 2008, he was recruited by a large financial firm. He chose to leave the world of real estate and real estate finance to pursue a career as a Financial Advisor managing ~$13million in assets for hundreds of satisfied clients. While there, Matt was honored among countless peers spanning a 10 State region earning TWO "Silver Star Service Awards" for "Exemplary Service" to his clients…not once, but twice in one year!
During this tenure, Matt kept hearing about something called "LEAP®" (Lifetime Economic Acceleration Process) and sought to partner with the only local agency that could provide this unique client solution. In 2009, Matt made a career move to join that Loveland financial firm. He became the trusted advisor that brought an impressive knowledge of real estate, real estate finance and various investments to help clients with wealth accumulation, college planning, investment planning, asset allocation, insurance planning, estate planning and retirement planning.
In 2011, he chose to leave the financial world and pursue his dream to create and build another business; which he did. He sold that successful business in 2016…but during that whole time, he always missed the world of finance, economics and helping people.
And now…he's back in the world of real estate and finance! He is honored to be united once again with America's Mortgage (a division of Cherry Creek Mortgage Co.) with the best team, programs, products and technology in Northern Colorado, and ready to serve!
What's Matt Martindale really like?
Driven by a positive determination to make a difference in the world, Matt thrives on the challenges inherent in lending, meeting each opportunity with an open mind and a caring heart. He considers any problem as a test of his creativity and persistence. Matt views a tough negotiation as an opportunity to bring people together on common ground.
With uncompromising standards of integrity, Matt gives his clients the confidence of knowing that their transaction will be completed professionally and ethically. Matt's work ethic is based on solid principles. He believes in doing business as if your transaction was his very own. Matt gives you straight, honest answers - it's the difference that has earned him so many friends, repeated referrals and tons of satisfied clients.
The financing of a home is the largest financial transaction most people will ever make. That means finding a trusted
advisor who listens to you - who pays attention to the details to work towards a problem-free experience. When all is said and done efficient and effective results are what you can count on. That's exactly what Matt delivers.
Communication is a vital element in business, especially in lending. Perhaps that's why Matt excels. For a buyer or seller of a home, information is critical to making decisions that are both personal and financial. Matt understands and listens carefully, to you, your needs, and concerns. Matt does whatever it takes to make you feel comfortable and positive about your real estate transaction.
Exceptional personal service and commitment to your success.
Excellent communication skills.
A skillful and effective support team for superior, efficient service.
John & Lisa M. Customer
Friendly, prompt, helpful, responsive, willing to work around unusual circumstances, and able to provide lots of good loan options at good rates. He was willing to bend over backwards to make things work, and treated us with respect and integrity.”
John J. Realtor®
Matt was (and is) very friendly, helpful, goes the extra mile. Extremely professional.”
Devon & Crystal R. Customer
Exceptional service and always goes the extra mile. They found us the best rate, and had good communication throughout the entire process. He always kept us informed with the latest information. Works hard, stays focused and makes certain that you know what is happening at all times. I had faith that he could get the job well done. Highly recommend!”
Very knowledgeable! You’ve got your act together!”
Wael S. Customer
I was impressed by the way both deals were handled as evident by their smooth execution. It is the dedication to quality and customers that gives Matt Martindale (and his team) and America’s Mortgage high marks!”
John P. Realtor®
Did what they said, and said what they will do. Honesty and integrity and got the job done!”
Ken S. Customer
My finances are very complex and I am difficult to keep in touch with, but Matt and his group did a fine job. Matt was determined to finish, very courteous, professional and listened to my needs. Good job!”
Karen M. Realtor®
Closing went smoothly. Matt was very helpful and efficient in turning our deal around in just a few days. He has a great reputation! I set my expectations high, and they were absolutely met! Thanks for everything!”
Glen & Sandy R. Customer
Matt was friendly, yet professional and knowledgeable. He treated us right and worked with us through the rough spots. Good knowledge of the mortgage business. He is really on the ball. Thanks Matt (and team) for all you have done!”
Angie M. Realtor®
Constant communication to avoid/resolve any potential problems. Matt Martindale pulled through and exceeded my expectations!”
Brian & Connie G. Customer
Answered questions, followed through and found the best loan + rate possible for our situation. He did a good job!"
Mike W. Realtor®
Continued with good communication, and continued to go to bat for the Borrower and work hard for the deal. Thanks for all the hard work on this one!”
Ted & Christine V. Customer
His perseverance and good attitude were the best!!!”
Many people are surprised to learn that rates change on a daily and sometimes hourly basis. Interest rates fluctuate in response to changes in the financial markets. The bond market is generally a good indicator of the trend of interest rates, with higher bond rates usually producing higher mortgage rates.
You are ready to buy a home! After you receive your pre-approval, it’s very important to inform us of any changes to your financial picture or credit history as this could impact the amount or type of loan for which you’ll qualify once your loan is fully underwritten.
Mortgage insurance is generally required in one form or another when the down payment is less than 20%, and it protects the lender in the event of loan default. The lower the down payment, the higher the risk for the lender, and thus the higher the monthly mortgage insurance premium. Depending on your particular situation, there may be loan options available that either don’t require monthly mortgage insurance payments or allow your monthly mortgage insurance payments to be dropped at some point in the future.
(Disclaimer: *BPMI = Borrower Paid Mortgage Insurance; LPMI = Lender Paid Mortgage Insurance. LPMI may not be cancelled by the borrower; it terminates only when the loan is refinanced or paid off, and it usually results in a loan with a higher interest rate than BPMI unless discount points are added to lower the rate. BPMI may be cancelled or terminated when the loan reaches 80% of the original value of the property.)
It is a policy provided by the title company guaranteeing the accuracy of the title work done on your home at the time of purchase. As a buyer, you are required to purchase a lender’s policy of title insurance as part of your standard closing costs, which only protects the mortgage company. You may also choose to purchase an owner’s policy, which would protect you against any loss in the event of any legal issues relating to the title of your home.
Not everybody qualifies for the same mortgage rates. If you think about the times you have applied for a loan, you’ll remember that the interest rate the lender gave you was partly determined by your credit score, your debt to income ratio, and the amount of money you were planning to put down on the loan. These are some of the strongest factors that influence rates (though they’re not the only ones).
While home buyer John might qualify for a mortgage rate of 5% based on his credit score and other risk factors, home buyer Jane may only qualify for a rate of 6.25%. The offers you receive will be based on various factors, in addition to your credit score.
Much of it has to do with risk. Lenders typically use risk-based pricing models when assigning interest rates. Simply put, this means they charge more interest for riskier borrowers (those with bad credit, high debt ratios, etc.). Low-risk borrowers, on the other hand, typically pay less over time by securing a lower rate.
We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each-and-every entry on the application form.
Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.
There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history.
1. The government has set new guidelines that now demand that the bank prove beyond any doubt that you are indeed capable of affording the mortgage.
During the run-up in the housing market, many people ‘qualified’ for mortgages that they could never pay back. This led to millions of families losing their home. The government wants to make sure this can’t happen again.
2. The banks don’t want to be in the real estate business.
Over the last seven years, banks were forced to take on the responsibility of liquidating millions of foreclosures and also negotiating another million plus short sales. Just like the government, they don’t want more foreclosures. For that reason, they need to double (maybe even triple) check everything on the application.
However, there is some good news in the situation.
The housing crash that mandated that banks be extremely strict on paperwork requirements also allows you to get a mortgage interest rate as low as 3.43%, the latest reported rate from Freddie Mac.
The friends and family who bought homes ten or twenty years ago experienced a simpler mortgage application process but also paid a higher interest rate (the average 30 year fixed rate mortgage was 8.12% in the 1990’s and 6.29% in the 2000’s). If you went to the bank and offered to pay 7% instead of less than 4%, they would probably bend over backwards to make the process much easier.
Instead of concentrating on the additional paperwork required, let’s be thankful that we are able to buy a home at historically low rates.
There are some common scenarios that can lead to a longer processing time. Here are some factors that might cause a mortgage lender to take a relatively long time with processing.
1. New mortgage rules require more verification.
In 2014, a new set of mortgage rules took effect, and they’ve had an impact on how lenders originate home loans. The Ability-to-Repay rule, for example, requires mortgage companies to thoroughly verify and document a borrower’s financial ability to repay the loan. As a result of these and other government regulations, mortgage lenders might take a long time to process and approve loans (longer than in the past, anyway.)
2. There are lots of players and paperwork involved.
When you apply for a home loan, your application and paperwork might pass through the hands of half-a-dozen different people (or even more, if you use one of the “big banks”). Loan officers, processors and underwriters, oh my! And additional documents might be requested at each stage. Think of a snowball getting larger as it rolls downhill.
This is another reason why mortgage lenders can take a long time when processing loans. There are many steps in the process, many documents to review, and several different people involved.
Granted, some lenders have made big advancements with streamlining in recent years. This is especially true for those companies that put an emphasis on technology, web-based applications, and the like. But by and large, it’s still a cumbersome process with lots of paperwork along the way.
3. Underwriters often request additional documents.
Home loan applications go through several screening processes. Underwriting is the most intense review. This is when the mortgage lender’s underwriter (or underwriting department) reviews all paperwork relating to the loan, the borrower, and the property being purchased.
Underwriters often request additional documents during this stage, including letters of explanation from the borrower. It’s another reason why mortgage lenders take so long to approve loans.
4. Home appraisals and title searches can delay the process.
In a standard residential real estate transaction, the buyer’s mortgage lender will have the home appraised to determine its current market value. Additionally, a title company will usually step in to verify the seller’s right to sell (and transfer ownership of) the property.
Sometimes these things go smoothly — other times they don’t. For instance, the appraiser might decide the home is worth less than what the buyer has agreed to pay (in the purchase agreement). This can delay or even derail the mortgage process. The title company might have to find and fix problems relating to the title. All of this can make the process take longer.
Sometimes It All Goes Smoothly
Let’s end on a positive note. I don’t want to give you the false impression that mortgage lending is always a slow process. Sometimes it moves quickly and smoothly, with no hang-ups or obstacles along the way.
Some lenders can process an application and approve a borrower in 7 – 10 days. This is especially true when there are no underwriting issues or conditions to resolve.
But if the mortgage company has a backlog of applications, and/or the borrower has a host of financial and paperwork issues, it can take a relatively longer time.