There's still time to build off the momentum from The Mortgage Collaborative's most recent Member Conference! This is a great opportunity to take advantage of some of the best offers in the marketplace from TMC's Preferred Partners that you may have met with in Scottsdale.
Act fast though as many of these offers will begin to expire soon!
The Power of the Network! Vice Capital Markets is Proud to Announce a New Deal with State Bank & Trust
Nothing makes us happier at The Mortgage Collaborative when we get to announce partnerships between our Lender Members & Preferred Partners!
Vice Capital Markets will be providing their best-in-class reporting, hedging and execution services to State Bank & Trust. Cheers to a successful partnership between two fantastic TMC Members!
To learn more about Vice Capital Markets, contact Chris Bennett or Troy Baars.
Astoria Financial to Merge Into Sterling Bancorp Bringing You Greater Financial Resources with an Unwavering Commitment to Superior Service
Sterling National Bank's Warehouse Lending Group is a Preferred Partner of The Mortgage Collaborative.
Today, Sterling Bancorp announced that it has entered into a merger agreement with Astoria Financial. You'll be receiving a letter from our CEO, Jack Kopnisky, in the next few days regarding the merger.
Our combined company will operate as Sterling National Bank, and we expect the merger to close in the fourth quarter 2017, pending regulatory approval. Sterling's Jack Kopnisky will serve as chief executive officer of the new company and the leadership team of the combined company will be assembled from both organizations.
In the meantime, rest assured this announcement has no immediate impact on you. Our day-to-day operations have not changed and we will continue to conduct business as usual. You can continue to contact your relationship manager or financial center and will be able to use all of our services as you currently do. We remain focused on your needs and will continue to provide the outstanding service and support you expect from us.
This new partnership will provide clients of both organizations a stronger bank, a broader range of services and a larger team of dedicated, experienced relationship managers.
In addition to sharing a New York heritage, Sterling and Astoria share a strong commitment to superior client service.
It is most important for you to know that our commitment to our Sterling clients and communities remains steadfast. And, that commitment will continue through the merger process and beyond.
We will update you as we progress through the merger process. In the meantime, please reach out to your relationship manager, local financial center, our client service center, or visit snb.com.
Thank you for your support. We look forward to serving you throughout this process and for many years to come!
Protect Your Business By Reviewing Your Processes, Plans & InsuranceThe epidemic of cyber attacks is making the need for a good cyber security plan, including Cyber Liability Insurance, more necessary than ever. The below article details the dangers and how you can protect yourself (an edited version appeared in Secondary Marketing Executive). Concerned about your firm's insurance coverage? Contact me and let's discuss.
In the past year, the news has reported on a record-breaking breach suffered by Yahoo, the barrage of hacked emails from members of the Democratic Party and a massive cyber attack that shut down a number of major online entities, including Twitter, Amazon, Netflix and PayPal. While these attacks would seem to act as a warning sign that businesses need to better protect their data and their company from the affects of a cyber attack, many executives instead dangerously assume they're safe. "After all," the reasoning goes, "hackers are only interested in huge targets, such as multinational corporations and political parties. They won't go after me. I'm too small."
Of course, that outlook flies in the face of current statistics, which suggest that every company–no matter the size–is at risk. In its 2016 Internet Security Threat Report, Symantec noted there is plenty of hacking to go around. Of the companies in their study, small businesses (fewer than 250 employees) accounted for 43% of all attacks, medium size (250-2,500 employees) 22% and large corporations (2500+) 35%. The report also noted that there's been a steady increase in attacks on companies with fewer than 250 employees over the last five years. In fact, attacks on those companies jumped 11% from 2014 to 2015.
One explanation for this jump in attacks on small to mid-size companies is obvious. Hackers know these companies are less likely to have a data security plan in place, making them an easier target. Even more, it's becoming easier for them to initiate attacks through automated malicious code that gets access to your system and sends back the data. Thanks to these unmanned attacks, they don't need to expend much energy to attack smaller companies making it more worth the effort.
Now in addition to the fact that your data may not be well protected and hacking has become easier, throw into the mix that you're in the mortgage banking business and collect personal information from your customers, prospects and employees. Put that all together, and it's no stretch of the imagination to see how your firm could be the perfect target for an enterprising cyber thief...
CLICK TO READ THE FULL ARTICLE >
Call me, Lee Brodsky, at 312.915.2226 or email Lbrodsky@jmbins.com
National Credit-reporting System Inc. (NCS), a full-service consumer reporting agency specializing in third-party verification solutions and credit intelligence, announced today that Lisa Binkley has joined NCS as senior vice president of business development. Binkley, a recognized industry expert in third-party verifications, quality control and valuations, will lead NCS's solution development team and support members of NCS's sales team as a subject matter expert in multiple disciplines.
Prior to joining NCS, Binkley was a senior vice president of client strategy and implementations at Platinum Data, which was recently purchased by Mercury Network. She was a key member in developing an efficient on-boarding system for Platinum Data, where the time from execution of a client agreement to the actual use of services was reduced by 45 percent. Binkley also held the position of director, Mortgage Solutions at Equifax Workforce Solutions, and of executive vice president at Rapid Reporting Verification Company, which was later acquired by Equifax.
"The mortgage industry is at a pivotal point where it requires system and product development by service providers to go beyond the requirements of Fannie Mae's Day 1 Certainty program," said Binkley. "We must establish greater access to innovative and automated processes for mortgage origination, and that's what NCS is doing right now. I look forward to accelerating NCS's commitment to moving beyond the expected by deepening our relationships in automation and information services."
Binkley, a frequent speaker on loan quality best practices and fraud prevention, is a long-standing member of many trade association committees and has been honored with multiple leadership awards, including HousingWire's "Women of Influence."
"NCS has been a friend of Lisa's for a long time and I'm really pleased we were able to bring her aboard," said Curtis Knuth, executive vice president at NCS. "We're continuing to build an executive management team at NCS as a solid asset for our direct and alliance partner clients. Lisa's addition to the executive team is a commitment to this strategy."
NCS (National Credit-reporting System, Inc.) is a leader in verification solutions with the distinction of being the first organization to offer IRS tax transcript solutions (TRV Services) nationwide. NCS' solutions include a full suite of credit reporting solutions. Since 1978, NCS has offered advanced verification products and services to the financial industry. To learn more, visit ncstrv.com or call 800-582-7066.
The Mortgage Collaborative is proud to announce the inclusion on this list of the following Preferred Partner Companies:
To see the full list of HousingWire's 2017 TECH 100 recipients, click here.
“The companies that make up the 2017 HW TECH100™ are the cream of the crop of the entire housing industry, from real estate to mortgage lending, servicing, and investment,” said HousingWire Senior Financial Reporter Ben Lane. “These companies aren’t just taking part in the housing industry’s technological revolution; they’re leading it.”
“The companies in the 2017 HW Tech100 cover the entire mortgage finance spectrum. There's hardly a corner of our industry that hasn't been transformed in some way, either by fintech startups focusing on a specific software need or legacy companies evolving to compete in the new environment,” said HousingWire Magazine Editor Sarah Wheeler. “Now more than ever, these companies are delivering the innovation this industry needs to do its most important job: supporting the American Dream.”
HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company's news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at http://www.housingwire.com.
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