Mortgage Advisor

Michael E. Fornero

Mortgage Advisor NMLS# 231714 Licensed in IL

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(630) 400-8144 mike.fornero@preferredrate.com

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

About Michael E. Fornero

Your mortgage is personal, and I understand that.

Michael has been a loan originator since 1994 and has a background in Financial Planning since 1985. He believes in taking an innovative approach when working with a client and their financing needs. Mortgage financing is more than just rates and data gathering. Meeting the client’s objectives is the philosophy that has worked for Michael for more than 26 years.

Michael has been fortunate to build many great relationships and friendships with his clientele and he holds those sacred as it’s the biggest reason he has always enjoyed his work.
He is a father of three wonderful sons, whom he is very proud of.
Michael has been a loan originator since 1994 and has a background in Financial Planning since 1985. He believes in taking an innovative approach when working with a client and their financing needs. Mortgage financing is more than just rates and data gathering. Meeting the client’s objectives is the philosophy that has worked for Michael for more than 26 years.

Michael has been fortunate to build many great relationships and friendships with his clientele and he holds those sacred as it’s the biggest reason he has always enjoyed his work.
He is a father of three wonderful sons, whom he is very proud of.

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 Michael's clients have to say

Addison C

I had an excellent experience with Mike Fornero and the Preferred Rate team. They were extremely helpful every step of the way and I can not say one bad thing about them. Mike was very personable, and knowledgeable about any options that were available to me for my mortgage. Thank you so much ! ... Read More

Apr 16, 2022

Vered W

Great! Very organized and efficient closing

Mar 05, 2022

Barbara L

Mike was attentive to our mortgage application and made sure we met all the necessary timelines. We would definitely use him in the future and recommend him to others.

Dec 28, 2021

Daniel V

Mike was professional and courteous throughout the process. Everything was smooth and seamless. Enjoy working with Mike that's why I keep coming back to him for his amazing service. Highly recommend!

Dec 28, 2021

David G

Great service. Very responsive and got everything done in time for a 21 day close. GREAT WORK

Sep 11, 2021

Vilma J

Mike is very professional, walked me thru a whole process step by step. I would highly recommend Mike to everyone !!!!!!

Aug 24, 2021

Justin B

Mike was great to work with. Was transparent and responsive with everything.

Jul 30, 2021

Daniel L

Mike was very professional and efficient, making the process of refinancing extremely easy!

Jun 26, 2021

Elizabeth M

Mike is wonderful to work with. He is responsive in returning phone calls and made the process of buying a new home so much easier. Would definitely recommend him to others.

Jun 19, 2021

equal housing opportunityNMLS CONSUMER ACCESS LINK: NMLS #1850

© 2022 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, AZ, 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 NV. AZ Corp BK 1014819. 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.”

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