Dean has been active in the consumer finance industry since 1984 and is an original founder and current Chief Executive Officer of Shamrock Financial. A lifelong Rhode Island resident Dean has built a career of serving clients, referral partners and staff members. An active member of several boards in the mortgage and real estate industry as well as many charitable and community organizations Dean embodies the true Go-Giver mentality of Shamrock Financial. Dean is married, the father of four and lives in Rumford, RI.Dean’s Desk
What Hurricane Earl Can Teach Us
September 2, 2010 by Dean Harrington “I remember exactly where I was when…†Throughout our lives there are those indelible memories of events and circumstances that fuse us to where we were and what we were doing on a particular day. Depending on your age these events can be anything from “the day Kennedy was [...]
Read moreElvis will always be cool…and so will homeowners
August 24, 2010 by Dean Harrington Recent articles and news editorials (disguised as reporting, naturally) have begun to indict home ownership as a bad idea. While we await news that Santa Claus is evil and nice weather is harmful to your health let’s examine the argument against buying a home. Most pundits that rail against [...]
Read moreMove the Scoreboard
August 17, 2010 by Dean Harrington Most of us can relate to the idea that you learn more from tough times than from good times and that you mature more in painful experiences than pleasurable ones. Anyone looking in the rear view mirror of their life can spot those true moments of growth by recognizing [...]
Read moreThe ability to repay: a fallen idol in mortgage lending.
August 13, 2010 The Big Man on Campus in mortgage underwriting is the borrowers “ability to repay“. The common thinking in the 2010 housing market is that the high level of defaults and foreclosure’s are the painful result of a decades worth of kicking the BMOC off campus. No doc, No income……no payment! Few mortgage [...]
Read moreOn the lighter side…
August 5, 2010 by Dean Harrington After a digest of industry related updates let’s take a few thoughts from the other side of my brain: My assistant thinks I jump around from topic to topic too much. Last week she sat me down and suggested I have ADHD. I told her I think rates are [...]
Read moreLive from the Lenders One Conference Final
August 4, 2010 Ranchos Palos Verdes, CA Note: Lenders One is the nations largest mortgage banking cooperative. (http://alturl.com/gasrz) Final thoughts from Lenders One Conference Just a few quick thoughts and random remarks as we leave the L1 mortgage banking conference in Southern California. With all the change and uncertainty in the industry, most attendees were [...]
Read moreLive from the Lenders One Conference Part 2
August 3, 2010 Ranchos Palos Verdes, CA Note: Lenders One is the nations largest mortgage banking cooperative. (http://alturl.com/gasrz) Community Mortgage Lenders of America (http://www.cmlamerica.com/) presented three speakers at the Lenders One mortgage banking conference on Monday. Howard Glaser, Rob Zimmer and Clint Rockwell. Their collective remarks centered around the recently passed Financial Reform bill. Glaser [...]
Read moreLive from the Lenders One Conference
August 2, 2010 Ranchos Palos Verdes, CA Note: Lenders One is the nations largest mortgage banking cooperative. (http://alturl.com/gasrz) Day one of this bi-annual three day event kicked off this morning with Howard Glaser, lead council for the Community Mortgage Lenders of America (CML of America) and Rob Zimmer of CML of America, followed by Doug [...]
Read moreThe Law of Unintended Consequences hits Mortgage Banking
Wednesday, July 28, 2010 We all learn as kids that every action we take results in SOMETHING. By the time we’re adults we’re actually able to forecast that something most of the time. This kind of defines the difference between childhood and adulthood on many levels. Unfortunately, bureaucrats and politicians often stay stuck in the [...]
Read moreThe 3 C’s of Lending: A story of lost love.
‘Can you believe we’re still doing loans for people with only 3% down? Didn’t we learn anything? I was greeted with this common question at a recent luncheon of real estate professionals and it popped me right back to lessons-learned and tales-told from my first year in the consumer lending industry…1985. Back then, we all [...]
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