Phil LaTessa - Syracuse: Phil LaTessa - Syracuse: Is it harder to get a mortgage?

Wednesday, October 8, 2014

Phil LaTessa - Syracuse: Is it harder to get a mortgage?

Phil LaTessa - Syracuse: Is it harder to get a mortgage?: Has the government thrown the baby out with the bathwater? Every day we see qualified borrowers who don't quite fit the new box...

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Philip LaTessa, a liberal arts graduate of Syracuse University, became a managing member of The Funding Source in Syracuse, New York, in 1996. As the company’s leader, he personally hired five managers to lead departments dedicated to areas of sales, accounting, post-closing, underwriting and processing, and risk management. During his time with the company, The Funding Source grew from a mortgage broker into a mid-sized lender and a Federal Housing Administration (FHA) lender recognized by the United States Department of Housing and Urban Development (HUD). Philip LaTessa and The Funding Source achieved this designation through a number of tests and audits, including 30 test case underwrites necessary to become an HUD FHA Delegated Underwriter.

During his time as a managing member with The Funding Source, Mr. LaTessa also spent several years as a city auditor for Syracuse, New York. His primary responsibilities in this office involved the oversight of government program audits throughout the city. Prior to establishing The Funding Source, he worked as a residential loan officer with JP Morgan Chase.