My name is Mike Mancuso and I’ve made the mortgage industry my profession for the past 31 years as a loan officer, department manager, underwriter, company owner, and for the past 18 years as the VP of Mortgage Lending for Dayspring Bank. Each change in employment has been designed to take advantage of current industry and market conditions to maximize my ability to provide reliable and trustworthy service to the loan customers I serve and the referral partners who entrust them to me.
My personal business philosophy is summed up by the simple phrase “Because Family Matters”.
Life and business experience has taught me that no matter the politics, the religious beliefs, the economics, lifestyle, or almost any other factor, that almost everyone cares genuinely and deeply about their families. And home is where every day, we all create memories as “family” happens. A homeowner for 45 years, father of 6, grandfather to 22 and counting– I have some understanding of family and get a great deal of personal and professional satisfaction from helping people obtain their homes – Because Family Matters!
Read on for Mike’s professional credentials……..
I was a realtor from November 1983 – November 1985. During this time, I began to collaborate with my real estate company’s infant in-house mortgage lender where I contracted the “mortgage lending” bug. The bug turned out to be chronic, resulting in my career change from the sales side of real estate to providing financial services.
I began my mortgage career at Rothschild Financial in December of 1985 and was a Top Producer in my first year.
I later became the youngest Branch Manager in the Central Region of First Union Mortgage in May of 1987, returning to Rothschild Financial in June of 1988 at the invitation of their local management to take over as branch manager. Due to the unexpected sale of the company, the management position never materialized. But that same group later formed Premier Mortgage Corporation in August of 1991 of which I was one of five founding partners.
Venturing out on my own to take advantage of technology advances in the industry, I formed Mortgage Professionals LLC in 1998, intending at the time to finish my career as a mortgage broker. But with advent of sub prime mortgages in the late 90’s, the industry changed dramatically including the increase of some of the darker aspects of the business as incidents of fraud fed by greed on the part of mortgage practitioners and some consumers began to dominate some aspects of the industry. My professional training had taught me that compliance and adherence to mortgage financing laws were critical to my continued ability to serve my customers and that a mortgage broker business entity was not going to offer the best competitive advantage to continue to do that for the customers I served. This realization led me to sell my company to First State Bank in September of 2005 where I’ve served my customers ever since.
First State Bank embodies the very best in mortgage origination tools along with the friendliness and customer service of a locally owned community bank –
- Comprehensive loan program offering including conventional, JUMBO, FHA, VA, USDA Rural Housing, NIFA, and construction loan products.
- First Look, in house underwriting for timely approval decisions (ask me how this works and why it’s important!)
- In house closing department – no escrow company closing bottlenecks during high closing volume periods.
- We fund our own loans, no delays waiting for investors.
- Combined staff mortgage lending experience of over 100 years! (No, we did not invent mortgages though!)