MND Contributor (51)
Member Since: Apr 2009
License Information
NMLS #: 543290
Locate Me
2299 Technology Drive
Suite 2A5
O Fallon, MO 63368
Ted Rood
Homesite Mortgage LLC
Mortgage Banker
Glad to have just completed my 22nd year originating mortgages. It's been a blessing to help so many clients and referral partners over the years.
Following mortgage backed securities markets in real time helps anticipate pricing changes and provide my clients with insight and sound advice. I also enjoy contributing to Mortgage News Daily, and have been quoted multiple times regarding mortgages in the New York Times, Los Angeles Times, Washington Post, Realtor.com, and the St Louis Post Dispatch.
If you want responsive service and reliable advice, I'm your guy.
How can I help you accomplish your goals today?
Ted Rood The Federal Savings Bank 314-740-0004
Work Experience
Mortgage Banker,
The Federal Savings Bank
June 2020 - Present (5 Years)
Great to be back to national lending, with a full suite of lending products: aggressive jumbo pricing, VA, USDA, FHA, conventional loans, new construction financing, and a team experienced in closing loans nationally. Twenty years of lending went by in a flash!
Loan Officer,
Homesite Lending
March 2019 - March 2020 (1 Year)
Homesite is a Missouri lender, affiliated with Lombardo Homes. My experience with new construction loans helped me deliver superior service to my clients there. Due to my national referral network and client base, I moved to The Federal Savings Bank so I could resume writing loans nationally.
Senior Originator,
First Bank
July 2018 - March 2019 (7 Months)
I originate mortgages nationally, using agency guidelines and First Bank portfolio products. Great to have processing, underwriting, AND servicing all out of my local office here in St Louis!
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.
MND Articles I've Written or Contributed To
I have contributed commentary to 51 articles that have been published on Mortgage News Daily.
Second Home/High Balance Mortgage Costs Rise
Mon, Jan 10 2022, 2:43 PM
Upfront Fees on Second Home Loan Rising by 1.125 - 3.875 Percent
Wed, Jan 5 2022, 2:32 PM
Highest Rates in a Month, But Just Barely
Thu, Dec 30 2021, 3:15 PM
“RefiNow” Presents Opportunities, For Some
Tue, Jun 8 2021, 4:07 PM
Big Hit to Second Home and Investment Mortgages
Fri, Mar 12 2021, 3:07 PM
Thinking Refi? Read this First !
Fri, Aug 14 2020, 9:27 PM
Think You Found a Better Mortgage Quote? Think Again
Mon, Dec 30 2019, 4:55 PM
HomeReady: Several Big Advantages Over FHA
Fri, Aug 31 2018, 4:37 PM
Mortgage Rates at 2-Week Lows
Wed, Mar 28 2018, 4:35 PM
Mortgage Rates Quickly Down to 2 Week Lows
Tue, Mar 27 2018, 4:51 PM
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