Rob La Monica has been working in mobile homes and parks since he was a teenager, starting in his dad’s mobile home parks. “My dad saw that there was a need for financing for mobile home borrowers, and there weren’t really any banks doing it,”Rob Says. “So he started doing some lending to help people buy affordable housing.”
After graduating college with a degree in business and a speciality in fianancing, Rob became a mortgage broker and soon started his own company, Manufactured Home Mortgage Serving California for the past 20 years, Rob and his team look to help individuals fulfill their dreams of home ownership. Rob and his team at Manufactured Home Mortgage Specialize in serving a diverse population with an average loan amount of around $100,00. “My mom and dad are immgrants who came over with nothing, and now we live the American dream, “Rob says, “so I love beng able to help people get into a home they can afford. We not only guide them through the process step by step, but also teach them about the financing process and homeownership along the way.”
The Majority of Rob’s business come from repeat and referral clients, and it’s easy to see why Realtors and past clients keep referring people to work with him. “We offer great customer service , and if there ever is an issue, we are on top of it.” Rob says, “We’re quick with closing, and we try to make our process as streemlined and as easy as possible not just for the borrower, but for the Realtor and the escrow company as well.”
Last year, Rob and his team did close to $100 million in loan volume, an incredible achievement considering their average loan amount is $100,000. MHM is not just largest company of its kind in Calfornia but in whole United States. Rob and his team maintain strong connection with real estate and mobile home industires. “About 80% of our business comes from Realtor listing mobile homes in parks, and other 20% comes from a mobile home dealer we do the financing for mobile homes off their lot.”he explains. He and his company are active in organizations including CMHI (California Manufactured Housing Institue), MHI (Manufactured Housing Institute), and WMA (Western Manufactured Association).
An Important piece of Rob’s 2 decade career in the mobile home loan business. “I spent 10 years working for the largest mobile home lender in the United States as their regional manager. Rob says. “I am the only Mobile Home Loan broker in United states that has worked for the largest mobile home lender in the country directly and have a thorough understanding of how all their programs work by spending a decade with their company.” These long-term relationshps has enabled him to get loans done quicker than any of his competitors.
When he is not working, Rob Loves spending time with his family, especially his kids. He lives in Lake Tahoe Region and enjoys water and snow sports. In the Future, Rob Plans to continue offering top-level service and helping first-time homebuyers achieve financial independance through mobile home ownership. “When you work with people who don’t have a lot of resources and you are able to help them out of a rental into a mobile home, they’re really appreciative,” Rob says “I worked in single-family for a while, but it wasn’t for me.
I love the product, and I love the people. This is what I love doing.”