AboutUs

 About CMG We are one of the nations largest privately held and most progressive A Paper Residential Lenders, with almost 2 decades of wholesale lending experience. C-M-G are the initials of our Owner/President, Chris Matthew George.  We've historically been known for excellence in service and competitive pricing, as well as offering a vast menu of conventional and nonconventional loan products to fit your borrower's needs including the revolutionary Home Ownership Accelerator; the only loan designed to pay down principal before interest for a full 30 years. 

• Map of States we Lend  
• Map of States we Lend FHA Product Specific 

Account Executive  With close to a decade of wholesale banking experience, and 14 years of sales and sales training experience, I'm well equipped to support your business.  I've been with CMG Mortgage for more than 5 years, and have been a top producer for much of that time.  I'm dedicated to you and your growth.

    DAVE HERBST (858) 583-3745 or dherbst@cmgmortgage.com 

• 2003 to present - CMG Mortgage: AE, Top producer
• 2000 to 2003 - Commonwealth United Mortgage: AE, Top 10 producer
• 1994 to 2000 - NCH Corp, Fortune 800: Sales, Corporate Sales Trainer, Top Producer
• 1990 to 1994 - US Marine Corps.: CPL E-4, Navy Achievement Medal Winner, Several Meritorious Masts, Meritoriously Promoted, Honorable Discharge

Operations  3160 Crow Canyon Road, #400, San Ramon, California 94583, Here, you'll find the hardest working operations staff in the industry.  When you submit business, you will experience a system designed to keep your focus on your next loan and off the grind of meeting expectations.  Hand picked by me, this highly dedicated group of individuals is eager to impress you.  Internally, we call this team:

Pricing CMG Mortgage is known for being ultra competitive.  Not only does our rate sheet display an aggressive pricing schedule each day but we're also able to negotiate from time to time; a little added help to nudge you past the competition and get you that deal.

     CMG LOCK DESK    

• 925-983-3024
• cmglockdesk@cmgmortgage.com

    RATES 

• Lock terms available

• 8 day lock - available when cleared to close
• 21 day lock - pre-locks ok - must be submitted within 2 business days
• 30 day lock - pre-locks ok - must be submitted within 3 business days
• 45 day lock - pre-locks ok - price adjuster .375%

• Submit / Lock 

    LOCK EXTENSIONS

• Contact our lock desk for an extension: cmglockdesk@cmgmortgage.com

    RE-LOCK

• Within 30 days of  Expiration / Cancel Date you are subject to worse case 30 day pricing between the day you locked or current market for a new 21 day term

• After 30 days of Expiration / Cancel Date subject to current market pricing

• Contact Lock Desk 925-983-3024

    RATE FLOAT DOWN ELIGIBILITY

• Help Us, Help You  we expect your borrower to follow through with their commitment to you, and you with us.  We will negotiate aggressively on your behalf, so that you can retain your customer and move on to the next loan application.  Please give us that opportunity.

• We must see evidence of PTDs being submitted

• Contact Brett Sinnott (Secondary Manager) 925-983-3122 or bsinnott@cmgmortgage.com

    RATE FLOAT DOWN PROCESS

• Establish a new desired rate  
• CMG requires the borrower’s rate decreases by at least .125%

• Determine eligibility
• Compare new rate from the day & term locked originally with current rate sheet 
• If there is minimally .750% fee improvement it qualifies for a "Float Down"

• To See Pricing Archive  

• Improve your price 
• The difference in pricing is split 50/50 between CMG and you
• That difference is applied to the fee

• Example
• Borrower locked at 5.0% on a 21 day term and now wants 4.875%
• The day you locked 4.875% was at PAR  
• Use PAR as your base pricing for comparison
• Today's 21 day fee at 4.875% is (.750) rebate 
• PAR plus (.750) equals .750% improvement & "Float Down" eligibility
• We decrease the rate to 4.875% and split the difference in improved fee
• .750% divided by 2 equals .375%
• .375% gets added to PAR (fee at 4.875% on the day you locked)
• Negotiated "Float Down" is 4.875% with (.375) rebate

•  - Conforming / Conforming Jumbo
•  - Jumbo to $2 Million
•  - FHA / FHA Streamline 
•  - Refi Plus 105%
•  - Home Path 97%
•  - Home Owernship Accelerator

    NICHE PRODUCT 

• CMG introduced the revolutionary Home Ownership Accelerator loan in June 2005.  The most successful home finance option in America, this unique Open Ended Mortgage, commonly referred to as the "HOA" allows a borrower to flexibly leverage income dollars and equity for purposeful cash-flow or accelerate principal reduction by applying payment to principal before the interest.   

    BEGIN YOUR HOA TRAINING TODAY 

Web Resources From pricing and locking, reading qualifying guideline tips to submitting; everything you need in order to conduct business with CMG is on this website: