ClearPath Lending Celebrates Veterans Day by Thanking Military Families for Their Sacrifices
SAN DIEGO, November 11, 2021 / PRNewswire / – The team at ClearPath Lending, a leading home loan origination company in Virginia with a mission to meet the housing finance needs of U.S. Veteran and active-duty military families, has celebrated Veterans Day today by thanking the millions of men and women who have served the country and calling on the industry to do more for these heroes.
“We are proud to recognize our active duty families and the families of veterans who have given so much to protect our freedom,” said ClearPath’s director of operations. Adam mercado,. “As we salute those who have sacrificed so much for their country, we call on our colleagues in the mortgage industry to do more to help veteran and military families realize the American dream of homeownership.”
As the current housing market and soaring house prices create additional wealth for veteran homeowners, those looking to buy a home are finding it more difficult than ever. In addition to the challenges of affording a home, many first-time military borrowers have to compete with multiple offers on a property.
Active duty borrowers also face unique challenges due to the military lifestyle, including frequent moves that place a spouse in charge of the household. These types of situations can strain credit scores and make a home loan out of reach.
As a veteran of the United States Navy, Mercado is well aware of these challenges, which is why the ClearPath team works with borrowers in special situations, sometimes granting approval to borrowers with a credit score of less than 500.
ClearPath has also invested more resources to help military borrowers. In 2014, the company made a strategic shift to focus on government mortgage programs. He then improved the lending process by intelligently breaking it down into segments and creating a drastically improved “turbo” version of ICE Mortgage Technology’s origination platform. Today, each employee in loan origination is supported by four operating employees. As a result, over 90% of loans locked in by ClearPath are funded.
To help military borrowers while providing a great customer experience, Mercado says he’s relying on his own time in the military, noting that the Marines have taught him the power of persistence. While training, Mercado remembers being completely exhausted one morning from the grueling diet he was maintaining. When his instructor woke him and his colleagues up and told them to start, he was sure he couldn’t. But he knew he had to persevere – and he did.
“So when a military family that has had to deal with multiple moves while their loved one is deployed struggles to buy a house, my training gives me the opportunity to help them overcome obstacles so that they have a better chance of being approved, ”Mercado mentioned.
“Americans enjoy freedom through the sacrifices of serving and veteran servicemen – some who have made the ultimate sacrifice,” he added. “Helping military borrowers move into a home is a great way to say thank you.”
The entire ClearPath team joins the rest of the country in recognizing, congratulating and thanking America’s heroes on Veterans Day. To learn more about ClearPath Lending, visit www.clearpathlending.com.
About ClearPath Lending
Founded in 2012, ClearPath Lending Inc. is a leading provider of VA Mortgages for Active Duty and Veteran US Military Families and FHA Loans for All Families, with a focus on refinancing savings. interest rate. Their customer outreach and loan process was designed with the customer experience in mind to ensure they have a clear path to complete their home loan. ClearPath is a proud supporter of Wounded Warriors. For more information, visit www.ClearPathLending.com.
Sam garcia, Publicist
Strategic Marketing and Public Relations
214.762.4457 | [email protected]
SOURCE ClearPath Lending