VP/Area Manager

Frank Stompanato

VP/Area Manager NMLS# 212745 Licensed in IL

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(847) 682-5572 (630) 513-7788 frank.stompanato@preferredrate.com

1801 S. Meyers Road, Suite 500
Oakbrook Terrace, IL 60181
Branch License #1962205

About Frank Stompanato

Your mortgage is personal, and I understand that.

With over 35+ years of Mortgage Banking experience I'm well versed in all aspects of residential and commercial lending including FHA, VA, and conventional mortgages. With over 35+ years of Mortgage Banking experience I'm well versed in all aspects of residential and commercial lending including FHA, VA, and conventional mortgages.

See my reviews
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We keep the mortgage process easy

Buying a new home can feel like everything at once: Exciting, overwhelming, stressful, and even emotionally taxing.

Whether this is your first home, your next home, or you’re thinking about refinancing, we’re ready to walk with you every step of the way.

  • Step 1 Connect with a Loan Expert

  • Step 2 Get Pre-Approved

  • Step 3 Make Offers

  • Step 4 Lock in your Preferred Rate

  • Step 5 Move in to your new home

  • Step 1 Connect with a Loan Expert

  • Step 2 Lock in your Preferred Rate

  • Step 3 Get your new loan approved!

Buying a new home can feel like everything at once: Exciting, overwhelming, stressful, and even emotionally taxing.

Home Loans

  • Fixed-rate Mortgages
  • Adjustable-rate Mortgages
  • Interest-only Loans
  • Jumbo Loans
  • FHA
  • VA Loans
  • USDA Loans
  • Reverse Mortgages

Speciality Products

  • Keys On Time Program
  • Secure Lock Program
  • Jumbo Investor Loan Programs
  • Peak Loan Program
  • High Balance Solutions
  • Jumbo Solutions
  • Home Ready
  • Home Possible Advantage
  • STaR Program for First-Responders
  • Doctor Program for Medical Professionals
  • Manufactured Housing Loans

See what Frank's clients have to say

Nia S

Frank was incredibly hands-on, knowledgeable, and puts his clients first! He made buying my first home so easy! He was great at walking me through the process, answering all of my questions, and I am pretty sure he doesn't sleep- he is so responsive! He is so funny and makes this process enjoyable! Thank you Frank for the amazing job and all the hard work you put into making this such a positive experience! ... Read More

Oct 23, 2021

Deandre S

They were very professional and answered every question that I had. I was always updated on everything and never had to wonder about what was going on. I would recommend them to anyone.

Oct 06, 2021

Dave M

Great service, quality people, clear communication.

Oct 04, 2021

Nandhini G

Frank and his team Marcy and Erin are exceptional! A friend of mine introduced me to Frank, and I am SOOO glad he did because it was so easy to work with Frank and his team. They are very professional, efficient, quick and a pleasure to work with. From beginning to the end, the process was seamless and went without a hitch or delays. I wish all the people I deal with were as nice and efficient as they are! No matter what time or day of the week you email Frank with a question, you will receive a response within 5 minutes, even if it's Sunday late at night! This was extremely helpful because I need a pre-approval letter the following morning, and when I woke up, I see that Frank had emailed me the letter at 2 am :). It is not just his efficiency, but he makes you feel at ease and truly cares. He will email to check on your progress and provide encouraging words - especially when the whole process of home buying feels like a ZOO! If you are in the market for a home loan, I will highly recommend Frank and his team. You will never go wrong with these folks! They are AMAIZING!!! ... Read More

Oct 02, 2021

Nandhini G

Frank and his team Marcy and Erin are exceptional! A friend of mine introduced me to Frank, and I am SOOO glad he did because it was so easy to work with Frank and his team. They are very professional, efficient, quick and a pleasure to work with. From beginning to the end, the process was seamless and went without a hitch or delays. I wish all the people I deal with were as nice and efficient as they are! No matter what time or day of the week you email Frank with a question, you will receive a response within 5 minutes, even if it's Sunday late at night! This was extremely helpful because I need a pre-approval letter the following morning, and when I woke up, I see that Frank had emailed me the letter at 2 am :). It is not just his efficiency, but he makes you feel at ease and truly cares. He will email to check on your progress and provide encouraging words - especially when the whole process of home buying feels like a ZOO! If you are in the market for a home loan, I will highly recommend Frank and his team. You will never go wrong with these folks! They are AMAIZING!!! ... Read More

Oct 02, 2021

joel p

Franks team took all of the worries off my mind from the beginning to the end of my purchase, highly recommended!

Sep 25, 2021

Melanie T

We appreciated all of Frank's expertise, responsiveness and patience from the beginning to the end of the refinance process during an every changing pandemic year.

Aug 31, 2021

Stephanie B

Frank was very patient, attentive, and accommodating throughout my homebuying process and I would highly recommend him. I am very happy with the outcome of my mortgage application and the service I received. I was cleared to close in excellent time with minimal headaches. Thank you so much, Frank! ... Read More

Aug 28, 2021

Jon P

Absolutely incredible! I’ve never purchased a home before and was completely lost without their support, thank you so much for all the help with my home buying process.

Aug 16, 2021

equal housing opportunityNMLS CONSUMER ACCESS LINK: NMLS #1850

© 2021 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.

Licensed by the Dept. of Business Oversight under the CRMLA.

Licensed as Preferred Rate in AL, CA, CO, FL, GA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, OR, TN, TX, VA, WA, and WI. Preferred Rate operates under American Pacific Mortgage in AZ and NV. AZ Corp BK 0906702. CA DRE #01215943. Regulated by the Colorado Division of Real Estate. Georgia Residential Mortgage Licensee. NV MB 2941/164. Licensed under the Oregon Consumer Finance Act.

Licensed by the Illinois Department of Financial & Professional Regulation, Residential Mortgage License # MB.6761304 | James R. Thompson Center | IDPR – Residential Mortgage Banking | 100 West Randolph St, 9th Floor | Chicago, Illinois 60601 | (844-)768-1713

Licensed by the Department of Financial & Professional Regulation, Residential Mortgage License # MB.6761304

The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department." (Source: P.A. 101-657, eff. 3-23-21.)

Licensed by the Dept of Financial Protection and Innovation under the CRMLA.

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”