Having been in business since 1888, Sterling National Bank's goal is to successfully meet the needs of small to mid-sized businesses by building strong relationships with our clients and understanding their financial goals and challenges. Today, Sterling National Bank's assets total over $13 billion, which allows the organization to be poised for continued growth. The Mortgage Warehouse Lending Group is also expanding and seeking out new customers that desire a competitive structure, competitive pricing, and customer service that is second to none!
Sterling National Bank lends nationally ranging in size between $10 million and $100 million with the opportunity to grow with you and your business! You will have a direct line to the decision makers, and have the opportunity to work with a team of dedicated and experienced bankers who understand your business.
For more information on Sterling National Bank, their Warehouse Lending program, and how they can help support your business, please contact Jeff Bonner or Lou Politi.
Phoenix Collateral Advisors' mission is to add value to lenders, servicers, and MSR investors through performance management and compliance with government oversight requirements. PCA's advanced solutions include high-touch servicing audits, quality control, surveillance, due diligence, and process improvement plans to validate compliance, assess actual vs. perceived risk and improve profitability and portfolio performance.
PCA is proud to announce the addition of accomplished industry leader Ryan Lilly. Ryan has held leadership roles at national servicers as well as built and sold a successful due diligence and servicing quality control company. Ryan's entrepreneurial, strategic thinking expertise strengthens PCA's already extensive, hands-on experience. Please join us in welcoming Ryan!
Phoenix Collateral Advisors is part of the Phoenix Capital family.
Multi-Bank Securities, Inc. (MBS) has been serving institutional investors since 1988. We are a fixed-income securities broker-dealer registered with the SEC and MSRB, as well as a member of FINRA and SIPC.
MBS trades a high volume of mortgage-backed securities, both TBA and pools, and our customers benefit from our economies of scale. Our execution can be very competitive as a result of our in-house, proprietary traders and large base of end investors. Customer satisfaction is very important and we continue to prove our value-added service for clients through competitive pricing, attentive service, settlement services and solutions tailored to meet your needs.
Multi-Bank Securities is a veteran-owned business, counting numerous former servicemen among its ranks, including their CEO, Dave Maccagnone.
For more information on Multi-Bank Securities, please contact Sara Weber.
One of the initiatives that’s really taken off within our network has been our Lender Networking Calls. We started doing them monthly earlier this year, then recently decided to increase them to once every two weeks based on increased participation and all the great topic ideas members were bringing to us. Some examples of topics we’ve discussed (or have scheduled to discuss) on these calls include …
We keep these calls simple. No more than 60 minutes long. Call in, follow along on WebEx, or both. Lenders only. Sometimes we have a subject matter expert, sometimes we don’t. One topic. Interaction, lender participation, and shared experiences and best practices heavily encouraged.
We have seven networking calls already scheduled for the next 75 days! Mark your calendars and encourage participation from any employees in your company that could benefit!
Now you can access Credit Plus credit reports from your mobile device with Ellie Mae's Loan Officer Connect. With it you'll gain easy, real-time access to pipelines, anywhere from any device. You can also seamlessly interact with Loan Officer Connect from iPhones®, iPads®, and Android devices without having to download special apps or install client software. In addition, the highest levels of data access and application security have been built right in.
With Loan Officer Connect, you can take applications, order credit, and lock a rate using data from the Encompass Product & Pricing Service.
Users can now access Credit Plus' full suite of products through the desktop version of Encompass. Through the comprehensive Encompass platform, you can get all the third-party verifications you need from Credit Plus, thereby enabling you to streamline your processes and lower your costs. You can order Credit Plus credit reports, tax returns, flood reports, tax return verifications, and a suite of fraud products, as well as FraudPlus.
Your more information on Credit Plus' suite of products, please contact Michael Crockett.
Congratulations to Axia Home Loans, which last week became an independent mortgage banking firm 100% owned by its employees! Axia's new Employee Stock Ownership Plan (ESOP) marks the next step in a continued effort to create an innovative and forward-thinking culture. Gellert Dornay, President & CEO, has been working diligently over the last year to establish the foundation upon which this new shift in ownership was built. 'Studies show that employee-owned companies experience increased employee satisfaction, retention, and productivity gains," Dornay said, adding, " an ESOP rewards employees who contribute to the company's success by allowing them to share in the company's future increase in value." Be a part of a company that invests heavily in its employees, clients, partners, and communities.
Click here if you are interested in learning more about becoming an owner.
*Originally published 9/12/2016 in http://www.robchrisman.com daily commentary.
If people are saying good things about your business, why wouldn't you want to put that everywhere? Any why let one bad review spoil your online reputation when you have worked so hard to build a potential pool of happy customers?
Social Survey is doing some amazing work to help mortgage professionals leverage reviews and testimonials to build their online reputation management, drive leads and referrals, build their presence online and have a professional image that people can visit to learn about you as a company.
If you'd like to get involved and introduce Social Survey to your company, contact Craig Pollack at mailto:email@example.com or call 1-888-701-4512 where the team will get to know who you are and what you're looking to accomplish.
If you feel like you’ve missed out on the discussion of the future of the industry that directly contributes to 15-18% of the US economy, you actually haven’t missed anything. Despite an onslaught of debates, commercials, speeches, press conferences and cable news programs - there has been next to no discussion of the housing market this political season.
It’s easy to see why. Mortgage default rates are at historically low levels, Fannie and Freddie have turned into massive cash registers for the Federal Government, rates are still very low, and it’s looking as if 2016 will be the biggest year for total mortgage originations in a decade.
Despite conditions that haven’t forced discussions about our industry to the forefront, housing has never faced a more crucial 2-3 year period.
The bottom line is this - most of the reforms to our industry these past eight years were needed. But like many market/corrections, things swung a little too far the other way. And while Obama’s housing legacy was forced to be focused on reform, the next President will have a chance to retool an industry that is so vital to the health of the US economy and the quality of lives of Americans.
The housing industry is at a crossroads. The home ownership rate is at a 50-year low. Limited inventory, lenders still unwilling to underwrite to the edge of the credit box, and looming Fed rate hikes have made home affordability a challenge. The technology is evolving at insanely quick levels in the mortgage manufacturing process. Market share is shifting rapidly away from depositories towards independent mortgage bankers. There’s still far too much gray in the regulatory climate, with lenders pining for black and white. And of course Fannie & Freddie. Never more needed for our industry, yet still under the government thumb. With no easy solutions to get them out of conservatorship.
AMLG and TMC to Jointly Host a Complimentary Webinar on “Fair Lending: What You Need to Know in 2016”
Date: Thursday, October 13, 2016
Time: 2pm EST | 11am PST
This complimentary webinar co-hosted by American Mortgage Law Group, P.C. (AMLG) and The Mortgage Collaborative (TMC) will focus on fair lending in today’s complex regulatory environment. The webinar will include a discussion on the following topics:
TMC - Chief Operating Officer