Coring Cordon as Owner/CEO oversees all of the operations of Capella Mortgage and has in excess of 20 years experience in the mortgage industry. She handles all multi-million dollar loans along with Matthew Dale (Co-Owner), as well as construction and commercial loans. She programs our software systems and is always finding ways to make the process more streamlined for the investors, borrowers, and staff. Her hobby was dancing for many years and she is proficient in ballroom, swing, country, and latin.
Corinne has a B.S. in Business Administration, with a minor in Management Information Systems, cum laude. She started her career in computers in the 1980s, programming code for different businesses and did that for 15 years and then accidentally got into lending because she was frustrated with the run around she was getting from her own loan officer. Quickly she realized that lending was her life’s calling. She could work with computers all day, crunch numbers and work with money, and people loved talking to her about their situations and trusted her to help them with their financing needs. If you love your job, it doesn’t seem like work, and that is why she works so many hours. Besides, she takes it seriously when someone needs money, and in her industry (HARD MONEY), when people need money, they need it fast.
She was one of the first ones to bring Fannie Mae’s Automated Underwriting to Las Vegas. In 2001, she started working to become a broker, and opened up Capella Mortgage right after 9/11. She didn’t even know if she should open, as everything was in turmoil at that time, but we were successful right off the bat.
In the first 6 years we did mostly A paper, conventional loans, with a few commercial loans and hard money loans scattered throughout the years. We only did two of the pay option arms...EVER...as we couldn’t stand putting people into 3 year ARMS with 3 year prepayment penalties just so we could get 3 point rebates.
We survived as a company between 2007 and 2008 – barely – and at the end of 2008, we started doing private money loans with our private investors as that was the only way we could lend money. Everyone else was afraid to lend their money. We weren’t. Since 2009, we have made over 2400 private money loans, and we have evaluated 1000’s more. And out of those 2400 loans, we have had 6 foreclosures. We credit that to many things: we don’t believe in prepayment penalties, we help our borrowers get something they cannot get elsewhere (a home), we treat them with respect, we answer our phones (wow), and we don’t lose your paperwork!!! In other words, we follow the basics.
In 2013, we decided to go back into conventional, FHA, and VA lending, and we started slow, to test the waters. It was still extremely difficult to qualify customers, but over the months it has gotten better. Presently, we have a fantastic Niche for HARD MONEY and SOFT MONEY lending.
Members of REIA Las Vegas - Free
$20.00 for all non-members of REIA Las Vegas
Free Guest Pass at main monthly meeting only, 4th. Wednesday of every month.