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Associate's Spotlight: Movement Mortgage

Although it was created with just a team of four, during the major financial and real estate downturn in 2008, Movement Mortgage has since grown to become the seventh-largest retail mortgage lender in the United States, having funded approximately $13 billion in residential mortgages in 2017 alone. Today, Movement is licensed in most states, has expanded operations to include approximately 4,000 people and has more than 700 branches, one of which is here in San Antonio where there are 13 Loan officers (five of whom have joined the branch within the last 90 days) and two licensed assistant Loan Officers. The company goal is to make Movement the mortgage bank of choice for every REALTOR® in every market where they are located, with a vision toward serving one out of every ten homebuyers in the United States by the year 2025.

Many REALTORS® tend to see all mortgage companies as pretty much the same since they find about the same number and kind of products and all seem to follow a similar processing pattern. However, Movement Mortgage is committed to being recognized as a “Movement of Change” within the mortgage industry, the communities they serve and in corporate cultures, and are focused on providing a unique, rewarding and effective experience for REALTORS®, homebuyers and employees, alike. In 2018 Movement Mortgage had a targeted focus on improving what they can offer and has made a huge investment in technology in order to stay ahead of the competition in this ever changing mortgage industry. So, if REALTORS® are interested in getting their client’s transaction accomplished in a much quicker and more efficient manner, they may want to learn what Movement Mortgage has to offer.

First, Movement provides in-house, upfront underwriting so when a REALTOR® takes a client to look for their new home, they are assured the client is fully qualified and for what amount. In every case, upfront underwriting will occur whether there is a contract or not. Second, operation records indicate that 85% of loans submitted through Movement are processed in seven business days so that the time from initial application to funding is approximately 18 days. Typically, the time from receipt of documents to funding usually occurs five days earlier than other lenders. Third, Movement Mortgage loans are truly table funded so REALTORS® can assure their seller clients that once all signatures are in place at the Title Company, nothing further will be required, and they will receive their funds, then and there.

As a result of Movement Mortgage’s focus on technology their new program, “EasySign,” has been implemented to provide an online alternative to manually signing a mountain of documents at the closing table and is estimated to reduce the number of those documents now signed at closing by 75%. With EasySign, buyers can choose to simply sign many of the documents online prior to their scheduled closing; can wait to sign the same documents online with an attorney or closer present or can opt out of online signing altogether in favor of the traditional pen-to-paper method. EasySign will launch in San Antonio soon.

In addition to just providing loan products, Movement Mortgage believes in being a Movement of Change in their communities and therefore reinvests there. As a privately held company, Movement Mortgage has established the Movement Foundation which owns 40% of the mortgage operation and as such has access to 40% of the mortgage profits. With these funds, the Foundation can then join others to reinvest in communities and empower individuals to fulfill whatever tasks they are equipped to do. Since its founding in 2012, the foundation has invested significantly more than 37 Million into causes and ventures intended to spark lasting change in lives - from the establishment of a Movement School in Charlotte, North Carolina, to the development of a commercial farm in Uganda, East Africa. Movement Mortgage re-invests into what matters most to them – people! And a goal for the company in coming years is to establish Movement Centers in their communities, identify other organizations that are active and successful in providing help to Movement’s targeted populations and invite them to establish headquarters in what would become a one-stop Center for that population’s needs.

Movement Mortgage continues to look for new ways to be a Movement of Change in the corporate culture too. They love and value their employees as individuals and want them to excel not only in the workplace but to also be healthier family members at home. Movement offers programs and initiatives throughout the year, including a Matched Giving arrangement where the Foundation matches employee donations to outreach ventures, and they continue to create an atmosphere where people can use all their God-given talents, gifts, and abilities to their fullest. With continued growth in mind, Movement Mortgage welcomes those in the financial industry to come and explore the benefits of joining the current Movement team. The local branch of Movement Mortgage is located at 1826 Loop 1604 #175. For more information contact Market Leader, Jesse Moore at (512) 573-0252 or at jesse.moore@movement.com.

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