Neil Kornswiet

Neil Kornswiet

Neil Kornswiet

Neil Kornsweit is a known as an expert in the field real estate lending, financing and servicing of residential accounts. His prior work experience in this sector of the financial industry is long and storied. Neil Kornsweit used to work for UBS Investment Bank as a managing director, with his primary areas of responsibility being the servicing of special mortgage loans in the United States of America. Before he joined the ranks of UBS Investment Bank, Neil Kornsweit was founder of People's Choice Home Loan, Inc 1999. He was also People's Choice Home Loan Inc.'s CEO. Under his direction, People's Choice Home Loan handled mortgage loan origination throughout the United States of America.

He has had several notable mentions in mainstream media. He has been profiled on major networks such as MSNBC, NBC, and MSN.com. His most prominent profile was given on NBC's "Dateline NBC" program. When called to task for what some were characterizing as poorly researched or predatory loan practices in the sub-prime housing market, Neil Kornswiet confidently and bravely told Dateline NBC via his spokesperson that his company was actually one of the most conservative sub-prime mortgage lenders in the entire industry. It was also astutely pointed out that People's Choice Home Loans every business activity was held to a high ethical standard. Under his leadership, his company did not issue notorious loan products, like the payment option ARMs that permitted borrowers to choose to pay less than a loan's standard monthly rate with the unpaid amount of that loan then being added to the principal that was due.

In fact, he made it a point to mention that less than 40 percent of the loans made by People's Choice Home Loan were stated income. That amount was much better than the industry average. Thanks to the bold vision of Konsweit, all underwriters working for him made sure to verify that borrowers applying for loans did work at the jobs claimed on loan applications. He also made sure his underwriters verified the amount of income claimed was a reasonable claim for the occupation listed.

All these reasons and more show why Neil Kornswiet is a paragon of ethical, reliable business. He is a true, experienced leader, prominent real estate market blogger, and provider of sound market advice. Truly, this man is a shining example of what a financial investment businessman should be.

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