Alright – so today we’ve got the honor of introducing you to JAMIE MUNRO. We think you’ll enjoy our conversation, we’ve shared it below.
Hi JAMIE, thanks for joining us today. Day to day the world can seem like a tough place, but there’s also so much kindness in the world and we think talking about that kindness helps spread it and make the world a nicer, kinder place. Can you share a story of a time when someone did something really kind for you?
Believing in me.
I ran into several speed bumps when running my business, some that cause nervousness, some that require more time and effort, some that threaten the viability of your business, and some that could render you and your investors high and dry.
I had decided to debt finance a construction project in Mexico backed by real estate. The project ran into many issues and taking back the properties would have been a lengthy and costly process that would have left my investors and myself with a great loss. The most sensible process was to take over the construction with limited funds and an web of problems now associated with the project. I had never been involved in a build but wanted to return the capital to those who believed in me from the get go.
One man stood by me from when we took over the project and never pressured me for his investment that totaled over half his liquid investments, rather repeated that he believed in me and knew I would sort everything out. He believed in me often more than I believed in myself.
It took ten months and we were able to sell the condominium project at a profit. I was able to return all parties their investment plus a return.
Often we limit ourselves and it takes someone else to help you reach and grab the stars. That person for me was my Uncel Dave.
Great, appreciate you sharing that with us. Before we ask you to share more of your insights, can you take a moment to introduce yourself and how you got to where you are today to our readers
From a young age my mother would explain to me the benefits of real estate. After finishing my professional soccer career a friend offered me a job selling home mortgages. I was always drawn to financial reporting and calculations, and I started and found myself understanding the concepts and guidelines much easier than others.
I began my first finance company in the Mexican Caribbean in 2013 after noticing a need for quick financing with decent interest rates. It was a hard money fund backed by real estate assets. Our rates were almost half of what the competition was offering and returned our investors almost 20% a year.
After moving back to the United States Western Mortgage Network was formed offering residential, and commercial real estate lending. WMN offered the Best Home Mortgage Products for Conventional, VA, FHA, Jumbo, Adjustable Rate, and Non Conventional home loans. We are a mortgage bank as well as having the ability to broker loans. We are able to offer pricing 0.25% – 0.5% lower than the competition through slimmed down operation operation costs and margins. Our goal is to offer low rates, fast turn times and superior customer service.
We have since branched out offering home loans in Mexico, small business working capital and equipment capital, and foreign national loans.
In the past two and half years we have funded nearly $150 million in loans, but what I am most proud of is when people call me from out the blue and say their family member recommended us. That our service was excellent and our rates are the best in town.
Can you tell us the story behind how you met your business partner?
I walked onto my freshman dorm floor and ran into a guy from Chicago Illinois. Twenty years passed and we both found our selves in transition points in our professional lives. We decided to start Western Mortgage Network. We wanted our business to weave with our family lives while offering superior service and premiere financial products for our clients.
We are friends first and business partners after. We are fathers, husbands, sons, and members of the community before profiteers.
We have agreed to buck the trend of greed that often headlines the finance industry and grow steadily and honestly.
Where do you think you get most of your clients from?
The best source of new clients is word of mouth and referrals. Fortunately over 90% of our new clients were acquired via referrals.
We attest this to better client experience through the loan process, better pricing on financing, and caring about the client.
Contact Info:
- Website: https://westernmortgagenetwork.com/
- Instagram: https://www.instagram.com/westernmortgagenetwork/
- Facebook: https://www.facebook.com/westernmortgagenetwork
- Linkedin: https://www.linkedin.com/in/jamie-munro-48b9bb102/