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Contact Information
phone: (314) 740-0004
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Ted Rood
Senior Mortgage Consultant,  Wintrust Mortgage
55 Westport Plaza,  Suite 755
St Louis,  Missouri  63146
3/11/2013
Rates trending up, as we have been discussing on MND daily rate outlook column. I have a lot of clients who have decided it is time to stop waiting and start saving!
About Me
Glad to have been named a 5 Star lender for the second consecutive year. Thanks to my clients for their great feedback! I strive to deliver honest answers and advice to all my clients.
While other lenders have pitched high cost loans, I have often told borrowers to sit tight and wait until I can hit their target rate without paying $1000's in costs. I follow the real time mortgage backed securities market to help predict market changes for the worse and for the better.
If you want your answers honest and straightforward, I'm your guy. If you want liars' rates and high costs, I would suggest calling the folks on the radio or in the newspaper ads. After all, they need your money to pay for all those ads!
I was formerly at MetLife Home Loans, but now that Met has pulled the plug on its mortgage operation, I have joined Wintrust Bank, a regional bank who lends throughout the country. Glad to be able to originate in all states, especially FHA with no appraisals needed!
Glad to be named a 2011 5 Star loan officer by a poll of St Louis Magazine readers.
Thanks,
Ted Rood Wintrust Mortgage 314-740-0004
License Information
National MLS identifier 543290 direct #: 314-740-0004
Employment History
Mortgage Consultant, MetLife Home Loans
Public;500 + employees;Mortgage
September 2008 - January 2012 (3 Years 5 Months)
I've been a loan officer for 11 years, and joined MetLife Home Loans in Sept 2008 when they bought my prior employer, First Horizon Home Loans. I look at the loan process from an engineering standpoint (BS, Ceramic Engineering, Iowa State University, 1980). Loans are like jigsaw puzzles, and I work hard at identifying what pieces are relevent to each loan prior to submitting the loan. By doing that, I am able to not only help my clients understand how their loan will proceed, but also feel comfortable that they were completely informed on all aspects of their loan from the start. MetLife ended their mortgage operations 1/31/2012, and my staff and myself are joining Wintrust Mortgage, but with same office and phone # (after a brief switchover).
Senior Mortgage Consultant, Wintrust Mortgage
Public;251-500 employees;Agents and Brokers
January 2012 - Present (1 Year 3 Months)
Glad to join the Wintrust Mortgage team, and still continue to work with my great processing staff from MetLife. I've been using the new FHA program to lower rates with no appraisal or costs to my borrowers, what a wonderful deal that is! Crazy to be writing FHA and VA loans at 3.25% and usually paying costs for my borrowers too!
Education
1976 - 1980
Iowa State University - Ames, Iowa
Ceramic Engineering
Graduated with a 3.24 GPA in a challenging curriculum. I greatly enjoyed the logic of engineering, and learning how to best solve problems of all kinds.
Client Testimonials
2/12/2013
“I had a "WOW" experience with Ted and his team”
Ted helped us with refinancing our primary residence and an investment property, taking advantage of the record low rates available in early 2013. There were multiple transactions, he's in the Mid-West and I'm on the East Coast, I disputed the appraisal - nothing threw him. He and his team worked really well with my title company here locally with no problem whatsoever. Communication was constant with us during the process even adapting to my e-mail or phone communication preference based on my schedule. He managed to extend our rate lock for a few days, even though rates had risen by 3/8 of a point from our lock. As with any re-fi, it should be that the quicker you are with providing information, the quicker you'll close. Definately the case here. No hesitation with this recommendation - if you're dong a re-fi, just use him for it.
2/11/2013
“Thank you for yet ANOTHER great refi!”
I have gone through 2 refis with Ted and although I have never met him, I feel like he's a long lost friend when I went through the refi the second time. Great rates, covers your closing or gives you the best options to save you money. He makes everything so simple, everything can be done via email, and gets me a closer to my house on a Friday night right before Christmas! He's ALWAYS available to assist with any questions and he's just as diligent in his customer service with any friends you refer to him. Thank you Ted!
2/1/2012
“A "thank you" for your continued excellence”
Ted assisted us in refinancing recently, and my wife and I had a great experience. Ted was very attentive and helpful through this process. Not only would we recommend Ted to anyone, but truly appreciated his hard work and genuineness.
2/1/2012
“Financial Advisor”
Ted is a first class mortgage advisor. I have trusted his expertice and been very pleased by his customer service with my clients for nearly 4 years. You will never haev to worry about your client experience with Ted, he goeas above and beyond to bring value to the people he serves. Thanks for all that you do Ted!!