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Tom Banducci
VP of Mortgage Lending
Were Here to Help
Low Rates. Great Service. No Surprises.

Tom Banducci
VP of Mortgage Lending

O: 415-694-5522 tom.banducci@rate.com
C: 415-606-7850 www.rate.com/tombanducci
F: 872-206-4194 636 Fourth St. San Francisco, CA 94107

A California licensed mortgage salesperson since FICO credit scoring model and his talent in advising
2002. My first job is to listen and learn about my clients about improvement in credit scores through
clients needs and financial goals for the property correcting inaccurate data on credit reports. It really
they are financing, says Banducci. feels good to be able to help clients cross the finish
line to home ownership, says Banducci
VA & FHA loans, San Francisco condo conversion
financing, Fractional TIC financing, self-employed
borrowers Tom is proficient at understanding the
subtle differences between the many lenders we
work with at Guaranteed Rate and the importance of
being able to place loans for all kinds of borrowers in
all types of situations. One thing that separates Tom
from other loan consultants is his knowledge of the
Your Mortgage Support Team
Margaret Fuentes - Sales Assistant
Margaret will work with you at the beginning of the loan process to obtain all necessary
documentation. She will touch base with you at the beginning of your application and will continue
to follow up with you throughout the entire loan process.
415.694.5516 get@rate.com

Steve Kim - Mortgage Consultant (MC)

Steve will work closely with you to make sure your loan process starts off on the right foot! He is an
expert in preparing your loan for a quick and efficient approval by asking for only the most
pertinent
documentation.
415.694.5515 steve.kim@guaranteedrate.com

Lucy Saefong - Loan Coordinator (LC)

Once your loan has been formally approved, Lucy will work closely with you to make sure your loan
approval is cleared of all underwriting conditions (a very important step). Once your loan has been
cleared to close by our Underwriting Department, she will work to ensure an on-time, accurate and
smooth closing experience.
415.694.5531 lucy@guaranteedrate.com

Documents Well Need

Youre not required to submit these documents in order to receive a Loan
Estimate (LE). However, you can voluntarily provide any of the following:

Two most recent signed federal tax returns; all pages, all schedules

Two most recent W-2s

Two most recent pay stubs

Two most recent bank statements; all numbered pages

The Steps to a Perfect Loan
A quick overview of what you can expect from your home purchase process.

MORTGAGE HOME EXECUTING THE CONDITIONAL CLOSING

APPLICATION SHOPPING CONTRACT APPROVAL At least 3 days before
Use our Digital With pre-approval and Once youve agreed on Once your loan your confirmed closing
Mortgage to obtain real estate agent in tow, a purchase price youll is submitted and date, youll receive,
your free credit scores, you begin shopping execute a purchase underwritten, youll get review, sign and return
print your pre-approval for your home. Keep contract. The executed a conditional approval your Closing Disclosure
letter and pick a loan in mind that during contract should be returned. (CD). Once cleared for
program.* Once youve the pre-approval sent to your mortgage closing, your closing
So whats a conditional
received your Loan process we estimate team to complete the mortgage team will:
approval? This is an
Estimate (LE), you can taxes, assessments preparation of your approval subject to Confirm your closing
upload the following: and insurance costs loan file. Submitting items an underwriter date and time
based on assumptions. the following in a timely
2 months paystubs needs to clear your loan
If you find a home manner will ensure a Prepare your closing
to close. Documentation
2 months asset with homeownership smoother process: package
requests can range from
statements costs that exceed your
Executed contract an updated pay stub Confirm all fees
2 years federal tax assumed liability, youll to a letter from your Send file to title
want to contact your Earnest money
returns CPA explaining your company to prepare
mortgage professional. Updated income and
HR contact self-employed earnings. for closing day
asset documents Every loan scenario is
information
Close your loan. Receive
Other relevant different so requested
Youll likely need your keys. Celebrate!
documents your documents will vary
to provide more
mortgage team from loan to loan.
documents, but this
will request
is a great start.
Your mortgage team
will order your appraisal,
property title, tax
transcripts and many
other verification
reports.

*Online pre-approval means an automated underwriting system approval based upon credit information supplied by applicant and subject to Guaranteed Rates review of loan documents. Applicant subject to credit and underwriting
approval. Not all applicants will be approved for financing. Receipt of applicants application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and
visit www.guaranteedrate.com/restrictions for more information.
Credit Dos and Donts
Good credit is critical to obtain the best interest rate and terms on a mortgage.
DO
Do stay current on existing
accounts
One 30-day late notice can
compromise your ability to be
approved.
Do continue to use your
credit as normal
Changing your pattern will raise a red
flag and can lower your credit score.
Do call your mortgage
loan professional first
If you have any questions or concerns,
always contact your mortgage
professional.
DONT
Dont apply for new credit
Every time you have your credit
pulled by a potential creditor or
lender, you will lose points from your
credit score. This includes co-signing
for a loan or applying for new credit.
Dont max out credit cards
Do not use more than 30% of your
available credit limit during the loan
process. If you pay down balances,
do it across the board.
Dont consolidate your debt
When you consolidate all of your
debt onto one or two credit cards,
it will appear that you are maxed
out on that card, and your credit
scores will suffer.
Dont close credit card
accounts
Closing a credit card account
negatively impacts your credit history.
Dont payoff collections or
charge-offs
If you want to pay them off, do it
through escrow at closing.
Dont transfer money between
accounts
Unless receiving complete
documentation from your bank
itemizing all transfers, dont transfer
money.
Dont withdraw or deposit
large sums of money
Unless absolutely necessary, dont
withdrawal or deposit large sums into
your checking or savings accounts.
Dont make career moves
Dont change jobs while obtaining
mortgage financing. Should an
opportunity arise, discuss the details
with your mortgage professional.
Dont let your bank accounts
go in the red
Any accounts with insufficient funds
cannot be used. Be sure to keep all
accounts in good standing.
Dont have a friend or relative
pay for anything related to the
purchase of the home
Gifts are only allowed under specific
lending guidelines and must be
documented. This includes your
appraisal, earnest money, down
payment, etc.
Dont keep your cash in a
safe or overseas account
If you plan to use these funds as a
down payment, inquire about how
and when would be the best time to
put funds into your U.S. bank account
if needed.
Dont give your personal
information to anyone else
who might run your credit
report
Be protective of your credit while
purchasing or refinancing your home.
Additional credit inquiries will hurt
your credit scores.
Digital Mortgage
Our new Digital Mortgage allows you to digitally upload all of your needed
documents and check the status of your loan. Anytime. Anywhere.

FILL OUT YOUR APPLICATION

Basic info
Property info
Financial info

RUN A CREDIT CHECK

Youll receive all three credit scores for free.

GET YOUR REAL ONLINE APPROVAL*

Based on our automated underwritingsystem, you will receive instant
ED
APPROV approvaland a downloadable approval letter.
*Real approval means an automated underwriting system approval based upon credit information supplied by application and subject to Guaranteed Rates
review of loan documents. Borrower subject to credit and underwriting approval. Not all borrowers will be approved for financing. Receipt of borrowers appli-
cation does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and visit www.
guaranteedrate.com/restrictions for more information.

GET YOUR LOAN ESTIMATE

Within 3 days of obtaining your approval youll receive a Loan Estimate (LE)
which outlines your preliminary estimated closing costs.

GET YOUR PERSONALIZED MORTGAGE TO DO LIST

Check your email for the link to your private online folder where
you can begin digitally uploading your requested documents.

TRACK YOUR LOAN STATUS 24/7

Keep tabs on your loan with our 24/7 loan status tracker. Login with your
credentials at: www.guaranteedrate.com and use our simple interface to
see exactly where you are in the process.

CLOSE YOUR LOAN!

What to Expect After Closing
In your package at closing, you received
temporary payment coupons and a payment
letter that has details about where and when
to send your initial payments. Use these
payment coupons to send your initial payments
to Guaranteed Rate until you receive a letter
from us.
Until you receive correspondence from either
Guaranteed Rate or the new servicer, you should
continue to send your payments to Guaranteed
Rate using the temporary payment coupons
included in your closing package.

If your loan is transferred to a new mortgage

servicer, youll receive a transition letter from
Guaranteed Rate with information about the
new servicer. Additionally, your new servicer will
send a Welcome letter to you which will outline
when and where to send future payments.

Common Questions
Q: What if I havent received any information
from a new servicer?
A: Continue using the temporary payment
coupons from your closing package and
send your payments to Guaranteed Rate.
Q: I just mailed my payment to Guaranteed
Rate and received a transition letter saying it
should go somewhere else what do I do?
A: No need to worry. The law protects you from
penalties as long as youre making your
payments on time even if its received by
the prior servicer.
More info on your loan process:
For detailed information on every step of
the mortgage process, please visit my site at
www.rate.com/TomBanducci and download
the eBook that best applies to you on the left.
Our eBooks are filled with indispensable
knowledge on everything from appraisals to
refinances, as well as great tips on how to make
your home mortgage process as
painless as possible.

Q: Who do I contact with any questions?

A: You can always contact our servicing group
at 800-263-4159 between the hours of
8:30 a.m. and 6 p.m. Central and speak to
one of our representatives, or by email at
servicing@guaranteedrate.com.
Tom, is one of the most knowledge Mortgage
professionals I know. He has made home
purchases for my clients a possibility, when
there were doubts about getting a loan. He has
refinanced my income properties at incredible
rates, terms and conditions.
Nick M.
Tom Banducci is great! He knows the
mortgage business extremely well, has a lot of
experience in the type of transaction we did
(condo conversion refi), and is wonderful to
work with. I cant speak highly enough about
about him!
Kay R.
Tom Banducci NMLS ID: 290222 CA - CA-DBO290222 - 413 0699 NMLS
ID #2611 (Nationwide Mortgage Licensing System www.nmlsconsumeraccess.org) CA - Licensed by the
Department of Business Oversight, Division of Corporations under the California Residential Mortgage Lending
Act Lic #4130699