Community Highlights: Meet Daniel Munson of PHX Lending

Today we’d like to introduce you to Daniel Munson.

Hi Daniel, can you start by introducing yourself? We’d love to learn more about how you got to where you are today.
I am a 36-year-old entrepreneur who grew up in Phoenix, Arizona, in a low-income family. Despite facing financial challenges growing up, I had a burning desire to succeed. In 2006, I started my career in the financial services industry, determined to make a name for myself.

I worked hard, learning the ins and outs of the industry, and quickly rose through the ranks. My passion for helping others achieve their financial goals shone through in everything you did, and your clients trusted you implicitly.

In time, my dedication and hard work paid off, and I became the owner of a top-rated mortgage company in Phoenix, Arizona, called PHX Lending. My company has helped countless people achieve their dream of owning a home, and I take great pride in my positive impact on our community.

Through my success, I’ve always remembered my roots and am committed to giving back to those in need. I strive to be a role model for others, proving that anyone can achieve their dreams with hard work, determination, and a little bit of luck.

We all face challenges, but looking back would you describe it as a relatively smooth road?
My journey to success has been challenging, marked by various hardships and obstacles I’ve had to overcome. Growing up in a low-income family in Phoenix, Arizona, I had to navigate financial struggles that made it difficult to pursue my dreams.

In high school, I worked after school and during the summer to accumulate income. Then, after high school, I decided to stop filling out my FAFSA for financial aid to attend ASU and took a leap of faith by joining a company my friend referred me to as an ‘Education Finance Advisor’ at a private student loan company called Next Student. I was 18, working with much older adults, and knew little about finance then. To win in this highly competitive environment meant long hours, limited free time, and sacrifices that many people your age did not have to make.

There were moments of self-doubt, especially when it seemed like success was elusive. Some setbacks and failures tested my resolve. For example, I lost significant money when the housing market crashed in 2008, forcing me to re-evaluate my business strategy and pivot in a new direction.

Furthermore, as an entrepreneur, I had to learn the intricacies of running a business, including dealing with unexpected expenses, managing employees, and navigating legal and regulatory hurdles. This sometimes took a toll on my mental and physical health as I juggled competing demands.

Despite these hardships, I persevered, staying focused on my goals and never giving up on my dream of owning a top-rated mortgage company. My determination, resilience, and hard work have paid off. Today, I am a respected business owner, helping others achieve their dreams of homeownership while giving back to my community and my hometown: Phoenix, Arizona.

As you know, we’re big fans of PHX Lending. For our readers who might not be as familiar what can you tell them about the brand?
My company is unique because unlike most mortgage lenders who operate with extremely high overhead and, thus, charge high rates and high fees, PHX Lending does the exact opposite by leveraging a low overhead business model to pass savings onto customers.

Furthermore, PHX Lending is a mortgage broker capable of shopping lenders on the wholesale market, which is far more competitive than the retail market (think: Costco vs. Circle K). On average, we save homeowners and homebuyers $5,000 to $10,000 in closing costs per transaction. The most extreme example is that we saved a homeowner in Glendale $30,000 in closing costs compared to her quote from a significant online retail lender.

Aside from offering competitive terms, we can finalize our mortgage transactions in as little as seven days: the soonest allowed by compliance standards. This is because we utilize the latest technology, have a robust workflow, and treat every customer’s transaction as our own. My goal is to wow our customers with every interaction. Most lenders take 30 days to close, so they are ecstatic when we tell them they’re cleared to close in 7-10 days.

This leads us to our brand. PHX Lending is a brand for locals. As a Phoenix native, I want to support the community and care for people in ways that banks and retail lenders cannot. I imagine our customers having a chauffeur and red carpet treatment when buying their first home. As the owner, I’m always available and return calls quickly, regardless of the time. It could be 9 pm on a Tuesday, and I’ll be there to help. I strive daily for PHX Lending to be a company of excellence and reliability.

Do you have any advice for those looking to network or find a mentor?
Honestly, I haven’t had a mentor. I’ve been open to opportunities, and if the chance seemed lucrative, I put my head down, avoided distractions, and got to work. Then, I didn’t stop working.

Even if it meant working a 20-hour day, I was determined to win. Undoubtedly, having a mentor is a very beneficial boost to anyone’s career. Unfortunately, I’ve never been fortunate enough to have a mentor and therefore had to mentor myself.

Contact Info:

• Website: https://phxlending.co/
• Instagram: https://www.instagram.com/phxlending/
• Facebook: https://www.facebook.com/phxlendingco
• Linkedin: https://www.linkedin.com/company/phxlendingco
• Twitter: https://twitter.com/phx_lending
• Youtube: https://www.youtube.com/channel/UCIztSEQ3r5tT6vjL-Ng-jOA
• Yelp: https://www.yelp.com/biz/phx-lending-phoenix
• Other: https://www.ChoosePHX.com