With ten years of experience, Conrad Ellestad is a top-rated mortgage professional based in Minnetonka, Minnesota. Known for his industry-leading client service, Conrad is a sales manager and mortgage advisor with American Mortgage & Equity Consultants, Inc., (AMEC) where he helps borrowers, particularly first-time homebuyers, find the best programs for financing the purchase of a home.
Though he began his career as a car rental branch manager and technology sales advisor, Conrad has always had a dream of working in the real estate industry in some capacity. As he describes, he felt that his love of numbers and homes made mortgages a perfect fit:
Ever since I can remember, I have had an interest in real estate. I bought my first property about a year after graduating from St. Cloud State University and have been building my portfolio ever since. I also love math, so the mortgage industry was a way for me to combine real estate and numbers while helping to make people’s homeownership dreams come true.
Conrad began his career in the mortgage industry in 2008, a time when many were leaving due to the housing crisis. Through hard work and sheer determination, he quickly became a top producing loan originator for AMEC in spite of the challenges of a down market. Over the years, he has seen the market go through various cycles and has consistently ranked toward the top of the industry for loan production each year, no matter the conditions.
Conrad attributes this success to his commitment to helping clients achieve their goals. Offering a variety of loan programs, he ensures that borrowers are using the best options at the lowest rate available. His approach is thoroughly systematic, characterized by regular communication and complete transparency throughout the loan process. Additionally, Conrad’s unique real estate background gives him an understanding of both a borrower’s and lender’s viewpoint, allowing him to provide clients a great overall perspective on buying a home or an investment property.
As a leader in his field, Conrad is a highly sought-after expert on developments in the mortgage industry and was recently interviewed by Distinctive Properties Group. Commenting on one trend, in particular, he noted how increasing interest rates are affecting the structure of his business:
Rates have been going up, and I foresee them continuing to increase throughout the year. This has made my business largely purchase-based, whereas five years ago, in the low rate environment, it was mostly refinance-based. As a lender, it is imperative to be able to adjust with the times and find different ways to give borrowers an advantage.
With a decade of success behind him, Conrad envisions a bright future ahead. In the coming years, he plans to grow his team and hopes to have loan officers working underneath him that he can train to become leaders in the industry in his mold. In his free hours, Conrad enjoys spending time outdoors with his family hiking, biking, or on the lake.