of the Month – March 2008
since 1991, husband and wife team Pat and Koreen
Ryan have been running Ryan Mortgage together
since July 2004.
They began their business with over
twenty years of combined experience in the
Koreen started out at a small bank in Hartford, then went to a
mortgage company, then ended up as a top
producing loan officer at a local bank for ten
Pat spent some years working with a
broker after having been convinced by his wife
and a close friend to enter the mortgage
Having run several
businesses in the past, Pat was already
comfortable with the idea of self-employment,
and felt ready, once again, to make the shift to
working for himself.
For Koreen, the decision to become a
business owner and head out on her own was a
little more nerve wracking. Leaving the position
of Assistant Vice-President of a great local
bank was certainly a leap of faith.
When asked how she feels now, years
later, about her decision to start Ryan
Mortgage, she answers, “I’m kicking myself for
not doing it sooner.”
Ryan Mortgage specializes
in arranging for residential mortgage financing
for clients, both for the purchase of a new home
or the refinancing of an existing one.
The Ryans work with several different
lenders to find the right products to meet their
Pat explains that banks are somewhat
limited in what they can offer their clients,
but Ryan Mortgage is able to make a much wider
range of products available.
And because of that, “there are few
people we need to turn away,” he says.
Koreen and Pat pride
themselves on providing their clients with
plenty of hand-holding and one-on-one
Koreen states that if clients are having
difficulty managing their bills, she and Pat do
what they can to “help them improve their
financial status going forward.”
The Ryans easily recognize
how overwhelming it can be to buy a home, and
they stay with their clients from the start of
the application process to the closing.
As a two-person team, they are able to
keep track of each other’s clients and make
certain that all are getting the personal
attention they deserve.
“They’re buying the biggest item of their
entire life,” Koreen says of their clients.
“Yet when dealing with larger, less
personal companies, they may not always be
getting the best quality service.”
Pat remarks that the most
common question he is asked about their business
is, “how do we get paid?”
He explains that they are paid by the
lenders directly and that, in most cases, they
don’t need to charge a thing to the borrower.
“They get the benefit of our advice for
free,” he adds.
Ryan Mortgage is located in
the Marlborough Tavern
For more information about their
services, contact them at (860) 295-8000 or
visit their website at www.ryanmortgagect.com.