Management Team:
Meet the management team at Scout Mortgage!
John Mangels
Direct: 480.850.6202
jmangels@scoutmortgage.com
“We’ve always believed that our integrity was more important than the profit
on any one loan.”
John Mangels has worked both sides of the mortgage industry fence. He began his career in 1987 at what has now become part of the Wells Fargo conglomerate. After twenty years in banking, Mangels moved to the other side of the mortgage industry joining Overlake Mortgage as a loan officer, then quickly being promoted to branch manager.
In 1999, Mangels co-founded Scout Mortgage in Scottsdale, AZ with business partner, Steve Walsh. The company was started on the principle of providing consumers with great rates, expert advice and outstanding service. Mangels and Walsh were soon recognized as consumer advocates, declaring integrity a cornerstone of their business.
Steve Walsh
President
swalsh@scoutmortgage.com
“The consumer has been getting ripped off for years. Our goal is to stop that from happening.”
As a top producer with over 15 years experience in the mortgage lending industry, Steve Walsh knows the ins and outs of the business better than anyone. Early in his career at Overlake Mortgage he became a certified financial planner, learning that mortgages are the backbone of a strong financial plan.
Walsh also learned that financial barriers, such as high refinancing fees and exorbitant closing costs imposed by lenders were preventing many people from applying for a mortgage or refinancing in order to obtain a better rate. These fees, averaging 5% on every loan originated, amounted to nothing more than fat commissions for loan officers.
By offering no cost mortgages to borrowers, Scout Mortgage has changed the whole dynamic of the mortgage industry. Years ago, people didn’t consider their mortgage a critical part of their overall financial situation. They obtained their mortgage, tucked it away in a drawer and forgot about it for the next 30 years. But the climate has changed; and today, the long-term benefits to dropping a rate by .25% are staggering – tens of thousands of dollars in interest can be saved.
