Tony Gallegos - The Mortgage Cicerone FHA /VA Training Solutions

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Mortgage and Lending - Cognicorp Mortgage Banking Advisory
Cicerone - cic•e•ro•ni (-nē) - A guide or person eloquent in sharing knowledge and inspiring impactful action Biography After 22 years of building, leading and managing large scale enterprise FHA/VA production entities, most recently as Vice-President and National Retail Government Production Risk Manager at Wells Fargo Home Mortgage (the nations #1 government lender), Tony Gallegos and his business partners started Cognicorp FHA/VA Training Solutions...thus providing rare but powerful evidence it is actually possible for an individual to re-emerge from the corporate collective, even after full assimilation has occurred. FHA / VA Training “Quite frankly, we have constructed a better way for mortgage bankers to train their staff quickly, effectively and affordably. This in turn allows our clients to increase and capture additional Federal Housing Administration (FHA) and Veterans Administration (VA) mortgage market share!” By utilizing our synoptic baseline training curriculums and conducting a comprehensive consultative analysis of your distinct credit overlays, standard-operating-practices (SOP’s) and technology system requirements, we will integrate an enterprise learning solution that harmonizes with your company’s business goals and objectives. This is done by providing: • Impactful knowledge transfer of FHA/VA skills to both individuals and corporate entities utilizing the latest advances in adult education (yes, adults learn differently) • Comprehensive access to scalable and cost-effective off–the-shelf enterprise FHA/VA training • Training and technology solutions customized to outcomes specific to your needs and objectives. Through consultation, integration and training, we empower your organization with the necessary and critical skills to make the right decisions and avoid the costly mistakes that occur when mortgage bankers don’t apply prudent government loan business operating practices. If you are interested in learning more about Cognicorp FHA/VA learning solutions, please call Tony Gallegos directly at (770) 627-2674 or visit our website at www.cognicorp.com. My Story In 1986, Tony began his mortgage banking career at the age of twenty-three. As a mortgage originator, he quickly reached the top one-percent of the industry (412 funded loans in one year) by the time he was twenty-nine. In 1989, Tony joined a start-up mortgage banking operation and over the next eleven years directed its growth to the point of funding in excess of $2 Billion dollars in mortgage production. Due to the success and remarkable growth, his operational, marketing and sales strategies were highlighted in both the Denver Post and Hispanic Business Magazine. In 2002, he accepted a position with Wells Fargo Home Mortgage. Tony quickly rose through the corporate ranks and was promoted on average every fourteen months. Subsequently he served in the capacity of Area Sales Manager, National Government Sales Product Manager and to his final position at as Vice-President and National Retail Government Production Risk Manager. As Vice-President and National Retail Government Production Risk Manager at Wells Fargo Home Mortage, Tony successfully managed the retail production risk and quality of FHA/VA production that exploded from $6 Billion in 2007 to an estimated $25 Billion in 2009. More amazingly, despite record breaking volume increases and a severe shortage of experienced government sales and fulfillment staff, key government quality metrics improved by over 50% during this period. As a consequence of the 417% growth in residential government loan volume, there was a need nationally to train en masse the Wells Fargo team in the intricacies of selling and fulfilling quality FHA/VA loan products. Thus, a critical component of this unprecedented growth involved extensive enterprise wide FHA/VA employee training/assessment and implementation of quality control measures in the origination, processing, underwriting, closing, post closing, insuring, regulatory compliance, loan delivery, servicing and loan administration of government loans. In addition, Tony has been intimately involved and worked directly with HUD, OTC and the Inspector General (IG) in regards to FHA/VA audits national in scope and scale. Tony currently lives in the Atlanta area with his four daughters and wife, is a University of Colorado alumnus and currently in the latter stages of completing his Masters Degree in Global Consumer Marketing at one of the world’s leading academic institutions.
RECENT BLOG POSTS
Interesting fact of the day: 55.5% of "wealthy" Americans have mortgages on their primary homes vs. 44.6% of the overall population.  This doesn't mean that the wealthy are more indebted than the rest of us; it means that the wealthy are maximizing the tax deductions that the IRS makes available ...
04/24/2007
According to Rueters, most defaults in California happen inland and not in the large coastal metro areas. "According to DataQuick, mortgages were least likely to go into default in Marin, San Francisco and San Mateo counties, three affluent coastal markets with a tight supply of housing that has ...
04/24/2007
Unlike the stock market, it's hard for the average person to know when the bond market is getting turned upside-down.  So, looking back at last Friday, when mortgage rates jumped very, very quickly in a short period of time, a lot of people got surprised (and burned).With stocks, we can all turn ...
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Does the fact that government unemployment figures don't reflect illegal alien job loss explain why government statistics have recorded only a small decline in construction employment?According to the New York Times:"...another set of losers is less visible: the immigrant workers, mostly illegal,...
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Originators, this is going to be a big deal over the next few years! Appraisers are seeking an artificial mandated firewall separating loan originators and themselves. This will drastically change the way loans are manufactured.The four biggest trade groups representing appraisers believe inflate...
04/24/2007
The economy showed signs of pushing forward last week, but major pressure on the average American consumer surfaced in the form of rising gas prices.  Overall, it was a mixed bag for mortgage markets.The Consumer Price Index (CPI) jumped 0.6% last month.  This cost of living increase was much lar...
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The appraisal of a home can be a bit frightening.  After buyer and seller have agreed on a price and signed a contract, a mortgage lender will send an independent professional to verify that the price is "reasonable" and fair.The appraisal process begins with a licensed appraiser making a thoroug...
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Came across an interesting and insightful blog post by Millionster about a hapless man who had two things in life he wanted more than anything. Problem is, the man had an excuse for every viable suggestion given to him. After reading the post, I thought how much it relates to our business. As a s...
04/24/2007
Both H.R. 1852 and H.R. 1752 take giant steps towards providing FHA the authority to make it a viable option for consumers. Both proposals provide for: Flexible downpayments Flexible risk-based premiums Increased mortgage limitsExtension of mortgage termsreform of FHA's condominium program change...
04/23/2007
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