Since May, the CFBP has been asking you to help them improve mortgage disclosure. By comparing different draft forms, you’ve helped them understand how to communicate information more effectively.Now they need you to do something just a little different.This time they’ve posted just one version of a disclosure, but with two different mortgage loan products. We’d like you to look at them and decide which one you would choose. Make your choice today:
www.consumerfinance.gov/knowbeforeyouowe
They are shifting gears for a simple reason: Comparing two versions of a form is useful, but in the real world, consumers should be able to use disclosures to compare different loan offers, not different forms. An effective disclosure form should help people make the best decisions for themselves and their families.They want to see how well this version of the form lets people do that. Can consumers use the form to choose the right loan for themselves and their families? Can lenders or advisers make a clear recommendation about the best loan? Tell them which loan you prefer. Help them make mortgage disclosure forms easier to understand and use:
www.consumerfinance.gov/knowbeforeyouowe
About Leo Whitton
Leo Whitton, Sr Account Executive for Northern & Central California, Reno NV., & Lake Tahoe.
In this role, Leo has responsibility for business development in the wholesale business channels in California and Nevada.
Leo brings over 20 years of mortgage experience to the Impac Funding team. He started out as a retail loan officer and in 1997, and then transitioned into wholesale as an Account Executive for Pacific Guarantee Mortgage. His retail background has enabled him to have a better understanding of an originators perspective. His insight and experience has enabled him to assist his broker partners in closing over $4 Billion in production in his wholesale career.
During his wholesale career Leo has consistently been in the Presidents club and in 2005 was the number one Account Executive in the nation for ABC (American Brokers Conduit). During his time at ABC Leo was involved in several committees. They included the product task force where he helped form new products and underwriting guidelines and the Home Asset Advisor Committee where he spent time educating brokers and Account Executives on the advantages of mortgage planning.
Leo is consistently on top of the changes in the mortgage industry. In 2005 he joined the California Association of Mortgage Professionals. To further his involvement in 2007 he was voted in as a board member for the Greater Sacramento Chapter and is still serving on the board.
Leo stays active in the mortgage community by speaking and educating brokers monthly at the Sacramento Association of Realtors Finance Committee. He has attended CMPS and is also a Certified Mortgage Advisor through the Strategic Equity University. He is active in his community coaching baseball and basketball for the last six years. He and his family currently live in a small community in the Sierra foothills.
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