Accounting and Financial Management Conference

Schedule

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Schedule subject to change.

Note: Meeting rooms may change, so please refer to the on-site program for final locations.

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Tuesday, November 15, 2016

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    Nov 15, 2016
    8:30 - 11:30 a.m. PST

    Paid registrants of both the workshop and Accounting and Financial Management conference will receive $50 off their two registration prices. Please contact education@mba.org for your discount.

    Please contact education@mba.org to register for both this workshop and the conference.

    Join MBA Education and industry experts for a 3-hour crash course on the fundamentals of mortgage accounting.
    This workshop will be geared towards people new to accounting roles or people who want to gain a better understanding of the latest in mortgage accounting principles.

    The first half of this workshop will be an overview of the concepts that every accountant, financial analyst, or auditor should know to be successful in their roles. The second half of the workshop will be more of an open forum where panelists will respond to areas of concern or difficulty from the audience. With recent changes to accounting rules and evolving regulatory requirements, this will be a great opportunity to get your questions answered and hear what challenges your colleagues are encountering.

    Objectives:

    Gain foundational understanding of mortgage accounting concepts.

    Learn how accounting fits in the mortgage loan life-cycle.

    Hear an overview of the current regulatory environment and how current regulations impact mortgage accounting.

    Understand what the pain points are for mortgage accountants.

    Learn the best practices industry experts and your peers are using to manage the day-to-day work.

    Who Should Attend?

    Entry-intermediate level accountants Non-CPA accounting and finance managers Financial analysts Auditors

    Speakers:

    Julie Booth, Chief Financial Officer, Quicken Loans.
    Frank Plenskofski, CPA/CGMA, CrossCountry Mortgage, Inc.
    Keith May, Managing Director, Richey May, & Co, LLP
    Matthew Streadbeck, Partner, Ernst & Young LLP

    Registration Rates

    Before Oct 11, 2106 - Member Price $300.00/Non-Member Price $500.00

    Regular After Oct 11, 2016 - Member Price $350.00/Non-Member Price $550.00

  • Registration

    Location: Grand Foyer,
    Lobby Level

    Registration

  • Committee Meeting

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    Attend the in-person meeting of MBA’s Financial Management Committee to discuss emerging issues and priorities for the committee next year including the status of new and proposed accounting, regulatory capital and reporting, and tax issues affecting the industry.  We will also go through what the committee accomplished during 2016.

  • Exhibit Area Open

    Location: Grand Foyer,
    Lobby Level

    Exhibit Hours

  • CREF Opening General Session: Commercial/Multifamily Mortgage Banking Forecast

    Location: Grand Hall A,
    Lobby Level


    Speaker(s)

    Jamie Woodwell , Vice President of Commercial/Multifamily Research , Mortgage Bankers Association

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    Vice President of Commercial/Multifamily Research, Jamie Woodwell, provides MBA’s forecast and discusses conditions and trends driving the economy and the CRE marketplace.
    Among the covered topics: the latest on employment, GDP, interest rates, property fundamentals, CRE property sales, originations market conditions, secondary markets, servicing volumes and more.

    Speaker(s)

    Jamie Woodwell , Vice President of Commercial/Multifamily Research , Mortgage Bankers Association

    Jamie Woodwell
    Vice President, Research and Economics

    Jamie Woodwell is Vice President in the Research and Economics group at the Mortgage Bankers Association (MBA), where he oversees MBA's research on the commercial and multifamily real estate markets. Jamie's work covers the macro-economy, commercial and multifamily property markets, commercial and multifamily real estate finance, servicing, mortgage banking benchmarking and more. Jamie is an expert on the commercial real estate finance markets and he and his work are regularly cited in the media, on Capitol Hill and in regulatory settings. He is a frequent contributor to Mortgage Banking magazine and other periodicals and a regular speaker at industry events. He has appeared on CNBC, Bloomberg and in other popular and trade press and has testified before the Congressional Oversight Panel for TARP.

    Jamie also leads special MBA projects including its Council to Shape Change and the Council on Ensuring Mortgage Liquidity, and oversees MBA's commercial peer business roundtables including CFOs, CTOs and HR heads. The Council to Shape Change brought together leaders from the single-family and commercial/multifamily finance markets to identify key trends shaping the industry. The group issued its report "Outlook for the Real Estate Finance Industry" in 2006. In 2008, the Council on Ensuring Mortgage Liquidity brought together 23 industry leaders representing MBA's diverse membership who were tasked with determining what a functioning secondary mortgage market should like for the long term. In September of 2009, the Council released "Future Government Role in the Core Secondary Mortgage Market," a framework for government involvement in the single-family and multifamily secondary mortgage markets and a foundation for most subsequent reform proposals.

    Woodwell joined MBA in 2004 from Fannie Mae's multifamily group, where he was responsible for multifamily data initiatives. He has also served as senior director of business development at CapitalThinking in New York, research director at the WMF Group in Virginia, and research manager at the National League of Cities in Washington, D.C.

    Woodwell received his bachelor's degree in economics and American studies from Brown University in Providence, Rhode Island. He earned his master's degree in urban and regional planning from the Graduate School of Public and International Affairs at the University of Pittsburgh.

  • Residential Opening General Session: Economic Update and Mortgage Forecast

    Location: Grand Hall C,
    Lobby Level


    Speaker(s)

    Michael Fratantoni, Ph.D. , Chief Economist & Senior Vice President, Research & Industry Technology , Mortgage Bankers Association

    General Session

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    Chief Economist Michael Fratantoni provides MBA’s housing forecast for 2017 and beyond, based on the various domestic and international forces at play.
    Topics include:
    • Employment, Gross Domestic Product (GDP), the federal funds rate, consumer prices and other economic indicators
    • What’s new with mortgage rates and primary-secondary spreads
    • Originations volume estimates: present and future
    • Perspectives on the future of the secondary market and mortgage investors

    Speaker(s)

    Michael Fratantoni, Ph.D. , Chief Economist & Senior Vice President, Research & Industry Technology , Mortgage Bankers Association

    Michael Fratantoni is MBA's Chief Economist and Senior Vice President of Research and Industry Technology. In this role, he is responsible for overseeing MBA's industry surveys, benchmarking studies, economic and mortgage originations forecasts, industry technology efforts, and policy development research for both single-family and commercial/multifamily markets. Additionally, Fratantoni is president and member of the Board of Directors of the Mortgage Industry Standards Maintenance Organization (MISMO).  He also serves on the CSP's Industry Advisory Group.  Prior to joining MBA, Fratantoni worked in the industry in risk management and senior economist roles at Washington Mutual and Fannie Mae, and was responsible for assessing macroeconomic, regional, housing, and mortgage market trends, and providing technical expertise regarding credit pricing and mortgage policy issues. Fratantoni received a Ph.D. in economics from Johns Hopkins University and a B.A. in economics from The College of William and Mary. He has served as an adjunct professor at the University of Washington, and Johns Hopkins, George Washington, and Georgetown Universities and has published papers on housing and mortgage topics in leading economics and real estate finance journals.

  • Refreshment Break in the Exhibit Area

    Location: Grand Foyer,
    Lobby Level

    Refreshment Break

  • CREF: Secondary Markets

    Location: Grand Hall A,
    Lobby Level


    Speaker(s)

    Joshua Seiff, CFA , Vice President, Multifamily Capital Markets , Fannie Mae

    Robert Koontz , Vice President, Multifamily Capital Markets , Freddie Mac

    Tim Groves , Director , Citigroup Global Markets, Inc

    Concurrent Session

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    •Current states of the markets
    •Interplay between broader capital markets and CRE
    •What a “lower-longer” rate environment means
    •Secondary market product differentiation
    •GSE outlook

    Speaker(s)

    Joshua Seiff, CFA , Vice President, Multifamily Capital Markets , Fannie Mae

    Josh joined Fannie Mae in 2004 and currently serves as Vice President of Multifamily Capital Markets & Trading, reporting to the Executive Vice President and Head of Multifamily.  In this role, he manages Fannie Mae’s multifamily investment portfolio; heading up all purchases of multifamily loans and securities, all primary and secondary trading, and the structuring of new issuance Agency CMBS (GeMS). He is responsible for marketing Fannie Mae multifamily securities to the investor community and managing relationships with the broker/dealer community.  Josh and his team created the Fannie Mae Guaranteed Multifamily Structures (GeMSTM) program in 2011 in order to offer institutional investors more ways to invest in Fannie Mae multifamily securities.  The GeMS program has issued more than $60 billion in securities since the program’s inception.  The Multifamily Trading Desk annually transacts more than $20 billion in two-way trading volume.    Josh is also responsible for portfolio management of Fannie Mae's non-agency CMBS and municipal bond portfolios.  Prior to his current role, Josh traded CMBS, Municipal Bonds and Residential Agency CMOs for the Fannie Mae portfolio.  Earlier in his career, Josh held roles as an analyst in investment banking and supply chain management firms.  Josh holds a BS from Cornell University and an MBA from the University of Maryland's RH Smith School of Business.  He is on the Board of Governors of the Commercial Real Estate Finance Council (CREFC) and is the past chair of CREFC’s Multifamily Forum.  Josh is a CFA charterholder.  Fannie Mae is a leading provider of liquidity to America’s housing sector. Through all of 2015, we provided approximately $516 billion in liquidity to the market, helping individuals and families to buy, refinance, or rent 2.7 million homes.

    Robert Koontz , Vice President, Multifamily Capital Markets , Freddie Mac

    Robert Koontz heads the Multifamily Capital Markets team, including pricing, structuring and securitization for the K-Deal program and all other multifamily loan purchases. In addition, he manages relationships with securities investors, credit rating agencies and the broker/dealer community. Koontz, a veteran of the commercial mortgage-backed securities market, has been instrumental in developing new securities structures and other capital-market innovations for Freddie Mac Multifamily. Prior to joining Freddie Mac in 2008, Koontz was a vice president at Wachovia Securities and Banc of America Securities in Charlotte. In these roles, he was responsible for the deal management and execution of all facets of commercial real estate transactions. Koontz holds a Master's degree in real estate from Georgetown University and a Bachelor of Science in Business Administration – Finance from the University of South Carolina.

    Tim Groves , Director , Citigroup Global Markets, Inc

    Tim Groves is a Director with Citi’s CMBS and Commercial Real Estate Finance Group where he is responsible for capital markets transactions of the GSE’s, Mortgage REITs, debt funds and other participants in the commercial real estate finance markets. In addition to the structuring and syndication of CMBS, CRE CLO & Mortgage Portfolio transactions, Mr. Groves also provides institutional sponsors, leverage solutions for commercial real estate debt via Repo Facilities, A-Note Syndications and other structured transactions. Prior roles at Citi for Mr. Groves included the trading of non-performing commercial mortgage credit from 2010-2012 and portfolio management of proprietary commercial real estate debt and equity investments in Europe as part of Citi's Real Estate Special Situations Group from 2003-2010. Before joining Citi, Mr. Groves worked as a consultant to a joint venture between the U.S. Department of Housing and Urban Development (HUD) and Citi which was structured to help manage HUD's exposure to defaulted mortgage loans. Mr. Groves holds a BBA from Pace University and a MBA from Cornell University's Johnson Graduate School of Management.

     

  • Mortgage Company Financial Trends

    Location: Grand Hall B,
    Lobby Level


    Speaker(s)

    James M. Cameron , Senior Partner , STRATMOR Group

    Tammy Dahlstrom , Director of Finance , First National Bank of Omaha

    Marina B. Walsh , Vice President of Industry Analysis , Mortgage Bankers Association

    Concurrent Session

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    •Latest production and servicing profitability trends based on volume and company type

    •Types of companies exceeding performance expectations and why

    •Who is poised to excel in 2017?

    •Factors influencing costs and efficiency and practical steps companies are taking to manage both

    Speaker(s)

    James M. Cameron , Senior Partner , STRATMOR Group

    Jim Cameron joined STRATMOR in March 1999.  During his time with the firm, Mr. Cameron has executed a broad range of assignments focused on benchmarking and performance measurement, strategic planning, production franchise valuation, merger and acquisition advisory services, ad hoc market surveys, financial reporting templates and litigation support.  Mr. Cameron also has lead responsibility with STRATMOR for the PGR: MBA and STRATMOR Peer Group Roundtable benchmarking program and spends the bulk of his time apart from the PGR program on M&A buy-side and sell-side engagements.  Based in Atlanta, Cameron graduated from the University of Notre Dame with a BBA in Business Administration with a concentration in Accountancy.  Cameron played varsity baseball for Notre Dame and is a member of the Monogram Club.

    Tammy Dahlstrom , Director of Finance , First National Bank of Omaha

    Tammy Dahlstrom is a Director of Finance with First National Bank of Omaha. Tammy has over 20 years of financial industry experience, with extensive consumer banking knowledge. She joined First National Bank of Omaha in 1999 and has held various positions during her tenure. Tammy joined the mortgage division 6 years ago, and her current position supports both the Retail Banking and Mortgage divisions. Tammy leads a team of analysts whose primary responsibilities include financial budgeting and forecasting, long-term strategic planning including DFAST modeling, financial reporting and project analyses. Tammy earned her MBA from the University of Nebraska – Omaha and a B.S. in Accounting from University of Nebraska – Kearney.

    Marina B. Walsh , Vice President of Industry Analysis , Mortgage Bankers Association

    Marina B. Walsh
    Vice President, Industry Analysis
    Research and Economics

    Marina Walsh is vice president of industry analysis in MBA's research and economics department, specializing in industry performance benchmarking for residential lenders and servicers. She has worked in real estate finance for over 17 years. Currently, she leads the management and direction for the annual and quarterly Mortgage Bankers Performance Reports for Independent Mortgage Bankers, the Servicing Operations Study and Forum, the Peer Group Survey and Roundtable Program, the Mortgage Banking Compensation Survey Program and other ad hoc surveys.

    In addition, Walsh conducts workshops and roundtables on a variety of current topics critical to the mortgage industry and provides program advisory support for several conferences, particularly MBA's Accounting and Financial Management Conference and its National Servicing Conference. She is an instructor for several MBA Education webinars and courses, including the Introductory and Advanced Schools of Mortgage Servicing and the Future Leaders Program. Results of her work have been published in Mortgage Banking Magazine, National Mortgage News, American Banker, Mortgage News Daily, Inside Mortgage Finance, Servicing Management and MBA NewsLink. She represents MBA on the Mortgage Bankers Financial Reporting Form ("WebMB") committee, a consortium of representatives from Fannie Mae, Freddie Mac, Ginnie Mae and MBA.

    Prior to joining MBA, Walsh was a manager in Ernst and Young's Real Estate Advisory Services Group where her focus was Federal credit program design, implementation and performance measurement. She started her career in the Management Training Program, then subsequently the financial planning division, of the Port Authority of NY & NJ. She holds a bachelor's degree from Cornell University and a Master of Public Administration degree from Columbia University.

  • Stress Testing Scenarios and Metrics

    Location: Grand Hall C,
    Lobby Level


    Speaker(s)

    Gordon W. Crawford , Managing Director, Head of Quantitative Model Development , MUFG

    Chijack Lin, Ph.D. , Managing Director, Integrated Financial Engineering, Inc.

    Michael Fratantoni, Ph.D. , Chief Economist & Senior Vice President, Research & Industry Technology , Mortgage Bankers Association

    Concurrent Session

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    •Stress-testing assumptions and methodologies

    •Evolving regulator expectations for large vs. small banks

    •Differences between Comprehensive Capital Analysis and Review (CCAR) and the Dodd-Frank Act Stress Test (DFAST)

    •Stress testing for community banks with less than $10 billion in assets

    •2016 takeaways and what to expect in 2017

    Speaker(s)

    Gordon W. Crawford , Managing Director, Head of Quantitative Model Development , MUFG

    Gordon Crawford is Managing Director and Head of Quantitative Modeling at MUFG where he leads the modeling team covering retail loans, wholesale loans, deposits, Investment Portfolio, PPNR, and CCAR models. Previously, Gordon was Vice President, Analytics at DataQuick, where he led research with coverage including automated property valuation models (AVMs), home price index estimation methods, and loan performance research. Prior to DataQuick, Gordon was Vice President, Mortgage Research at Fannie Mae. There he directed loan and property performance research, including the development of behavioral models of loan default, prepayment, and loss severity for single family prime, subprime, Alt-A, jumbo, and multifamily loans. He was responsible for home price forecasting, automated property valuation models (AVMs), and home price index estimation methods. He led the development of risk and finance applications using these models to provide business guidance in the areas of credit risk pricing, interest rate risk management, product development, economic capital, fair value financial reporting, and loss forecasting. Gordon has MA and PhD degrees in economics from the University of Rochester and a BS in economics from Brigham Young University. 

    Chijack Lin, Ph.D. , Managing Director, Integrated Financial Engineering, Inc.

    Dr. Chijack Lin is currently the managing director of IFE Group. He is specialized in financial model development, validation and implementation. He has led the effort and engaged in various financial modeling projects, including the Actuarial Reviews of the FHA Mutual Mortgage Insurance Fund. Prior to IFE Group, Dr. Lin has worked at KPMG and JPMorgan Chase. He obtained his Ph.D. in Economics from Ohio State University.

     

    Michael Fratantoni, Ph.D. , Chief Economist & Senior Vice President, Research & Industry Technology , Mortgage Bankers Association

    Michael Fratantoni is MBA's Chief Economist and Senior Vice President of Research and Industry Technology. In this role, he is responsible for overseeing MBA's industry surveys, benchmarking studies, economic and mortgage originations forecasts, industry technology efforts, and policy development research for both single-family and commercial/multifamily markets. Additionally, Fratantoni is president and member of the Board of Directors of the Mortgage Industry Standards Maintenance Organization (MISMO).  He also serves on the CSP's Industry Advisory Group.  Prior to joining MBA, Fratantoni worked in the industry in risk management and senior economist roles at Washington Mutual and Fannie Mae, and was responsible for assessing macroeconomic, regional, housing, and mortgage market trends, and providing technical expertise regarding credit pricing and mortgage policy issues. Fratantoni received a Ph.D. in economics from Johns Hopkins University and a B.A. in economics from The College of William and Mary. He has served as an adjunct professor at the University of Washington, and Johns Hopkins, George Washington, and Georgetown Universities and has published papers on housing and mortgage topics in leading economics and real estate finance journals.

  • Refreshment Break in the Exhibit Area

    Location: Grand Foyer,
    Lobby Level

    Refreshment Break

  • CREF: Mortgage Servicing Rights

    Location: Grand Hall A,
    Lobby Level


    Speaker(s)

    Steve J. Robertson , Partner , PwC

    Daniel P. Thomas , Managing Director , Mortgage Industry Advisory Corporation - MIAC

    Concurrent Session

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    •What’s changed and what hasn’t?
    •Key considerations and assumptions
    •How product differences affect MSRs in today’s environment
    •The accountant’s view

    Speaker(s)

    Steve J. Robertson , Partner , PwC

    Steve J. Robertson is a Principal in PwC’s Consumer Finance Group (CFG). Steve provides mortgage asset valuation and risk management advisory services to various consumer finance and bank affiliated mortgage companies and government agencies including large prime, home equity, and credit card lenders and servicers. Steve is one of the firm’s model validation specialists for interest rate lock commitments, whole loan, MSR, and securitization residual valuation and risk management models and supports some of PwC’s largest Financial Services audit clients by auditing model-based critical accounting estimates. He has extensive mortgage Capital Markets engagement experience ranging from developing valuation and risk management policies, procedures, and reporting packages to supporting Internal Audit with audits of hedge strategy and risk management controls. Steve earned a BBA in Accounting and Finance from the University of Wisconsin, a MBA in Finance from the University of Maryland, and a MS in Operations Research from the University of Maryland.

    Daniel P. Thomas , Managing Director , Mortgage Industry Advisory Corporation - MIAC

    Daniel P. Thomas joined MIAC in 1998. He is primarily responsible for the commercial and residential servicing and whole loan transaction business of the firm as well as overall sales and strategic business development. He is a senior member of the MIAC Valuation Committee, which has oversight of the MIAC's valuation methodology and assumption discovery process for residential and commercial asset classes. Mr. Thomas is the leading advisor to the commercial mortgage industry on the valuation and sale of commerical mortgage servicing rights. During his tenure at MIAC, Mr. Thomas has sold over $30 billion in commercial and residential mortgage servicing rights and has acted as advisor in the several high profile commercial mortgage company acquisitions and sales. Mr. Thomas is responsible for MIAC's quarterly publication of Commercial Servicing Market Update and is a frequent speaker at the Annual MBA Accounting & Finance Conference.  Prior to MIAC, Mr. Thomas was one of the founding members of Cohane Rafferty Securities, Inc. (CRSI) one of the largest mortgage brokerage and advisory companies in the United States. From 1985 to 1998, Mr. Thomas helped oversee the sale of several trillion dollars of residential and commercial mortgage servicing rights, as well as several mortgage-banking entities. Mr. Thomas was also a contributing writer on an education book endorsed by the MBA entitled "Mortgage Servicing Portfolios: Strategies & Applications for Buying, Selling and Managing Mortgage Servicing", Probus Publishing 1991.  From 1983 to 1985, Mr. Thomas worked at Thomson McKinnon Securities as a Vice President in institutional sales. During this period Mr. Thomas primarily worked with thrifts and mortgage companies in the purchase and sale of mortgage loans and mortgage servicing rights.  Mr. Thomas graduated from Manhattanville College with a BA in Economics in 1981.

  • Residential General Session: Considerations for Originating and Servicing Government Loans

    Location: Grand Hall C,
    Lobby Level


    Speaker(s)

    Bill Cosgrove, CMB , Chief Executive Officer , Union Home Mortgage

    Ben J. Dempsey , Chief Financial Officer , Colonial Savings, F.A.

    Seth D. Sprague, CMB , Senior Vice President , Phoenix Capital, Inc.

    Gregory A. Keith , Senior Vice President and Chief Risk Officer , Ginnie Mae

    Warren Kornfeld , Senior Vice President , Moody's Corporation

    General Session

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    •Evolution of the market players in this space

    •Unique financing and liquidity challenges and other stressors for independent mortgage companies

    •Understanding revenues and costs of origination and servicing government loans

    •Overview of the MSR market and managing value Regulator concerns and actions taken to date

    •Best practices for moving towards greater stability among market participants

    Speaker(s)

    Bill Cosgrove, CMB , Chief Executive Officer , Union Home Mortgage

    Bill Cosgrove, 2015 Immediate Past Chairman of the Mortgage Bankers Association, is the Owner and CEO of Union Home Mortgage Corp. headquartered in Strongsville, Ohio.  His mortgage banking career began in 1986 as a residential loan officer.  In 1994 Mr. Cosgrove joined Union National Mortgage Co. and in 1998 was named President. Mr. Cosgrove purchased and became 100% stockholder of the company in 1999. In 2013, the Company’s name was changed to Union Home Mortgage Corp. to reflect the Company’s mission of supporting successful homeownership in America.   Mr. Cosgrove has served as president of the Ohio MBA, chairman of MBA’s MORPAC Committee, on the MBA Board of Governors, and been a long-time member of the MBA Board of Directors.  In 2008, he was awarded the distinguished Hoddup Award for his many contributions to the Ohio Mortgage Bankers Association and in 2011, Bill was awarded the National Mortgage Bankers Associations Burton C. Wood, National Legislative Service Award for his superior legislative efforts representing the mortgage banking industry.   Mr. Cosgrove has testified on behalf of the industry in Washington D.C and the Ohio House of Representatives. He has been interviewed by national publications, The Wall Street Journal, USA Today, numerous trade publications, national and local news networks.

    Ben J. Dempsey , Chief Financial Officer , Colonial Savings, F.A.

    Ben J. Dempsey is the Executive Vice President and Chief Financial Officer for Colonial Savings and Colonial National Mortgage. Ben started his career in public accounting with Main Hurdman, KPMG, followed by brief forays into Oil and Gas and Insurance. Ben has spent the last 27 years at Colonial Savings. A graduate of Texas Christian University with a BA in Business Administration, Ben is a Certified Public Accountant and a Certified Mortgage Banker. He is a member of the Texas Society of Certified Public Accountants and has served on its Financial Institutions Committee.  Currently he is  Vice Chair of the Financial Management Committee of the MBA. 

    Seth D. Sprague, CMB , Senior Vice President , Phoenix Capital, Inc.

    Seth D. Sprague joined Phoenix in 2013 after more than ten years with SunTrust Mortgage managing their mortgage servicing rights (“MSR”) portfolio valuation process as well as their periodic MSR transactions. Seth’s primary duties at Phoenix include managing bulk and flow MSR transactions, advising on analytic and valuation strategies, and participating in strategic business development activities as the MSR market continues to evolve. Seth has a total of over 20 years of mortgage banking and servicing valuation experience at a variety of firms including SunTrust Mortgage, Bank of America Mortgage, United Financial / Matrix Financial and KPMG LLP.  Seth serves on a number of committees with the Mortgage Bankers Association (“MBA”) including the Financial Management Steering Committee and the Servicing Compensation Working Group.   Seth has been an instructor with the MBA’s School of Mortgage Banking Program since 2007 and is a frequent speaker at various other MBA conferences. Seth holds an MBA from the University of Colorado – Denver and an undergraduate degree from the University of Richmond with a concentration in Accounting.

    Gregory A. Keith , Senior Vice President and Chief Risk Officer , Ginnie Mae

    Gregory A. Keith joined Ginnie Mae as SVP & Chief Risk Officer in 2010. In this capacity, he monitors the corporation’s aggregate risk and compliance with risk policies, develops and maintains corporate-wide procedures for risk management, and provides independent evaluation and oversight of all risk management activities.   Keith has more than 30 years of experience in the financial services industry. Much of this experience has been in mortgage and asset backed finance. Prior to joining Ginnie Mae, Keith spent nine years in various roles at Fannie Mae. These roles spanned across multiple disciplines including strategy, risk and finance.   In 2001, Keith came to Fannie Mae from First Union Bank, where he was Vice President of Business Integration. There, he served as the Deputy Chief Operating Officer for the Structured Products Group of the Corporate and Investment Bank.   In the past, Keith also served as a Manager at KPMG Consulting, focusing on the execution of strategic, financial, and operational engagements. Prior to joining KPMG, Keith worked as a Forecasting and Planning Analyst at American Residential Mortgage Corporation and as a Financial Analyst at Great American Bank.  Keith holds a Bachelor of Arts from San Diego State University.

    Warren Kornfeld , Senior Vice President , Moody's Corporation

    Warren Kornfeld is a Senior Vice President in Moody’s Financial Institutions Group covering mortgage, credit card, student loan banks and finance companies as well as Government Sponsored Enterprises (FHLBanks, Farm Credit, Fannie and Freddie).  Prior to joining the Financial Institutions Group, Warren was a Managing Director for Structured Finance Administration overseeing key strategic initiatives and prior to that Warren co-headed the Residential Mortgage- Backed Securities (RMBS) team as well as headed up the U.S. Servicer Ratings team.  Warren joined Moody’s in 2001. Prior to Moody’s, Warren held senior investment banking positions with William Blair & Co., The Industrial Bank of Japan and Bickford & Partners focusing on a securitizations of a wide range of asset types, including residential mortgages, equipment lease, auto loan and lease, consumer assets and commercial receivables.  Warren holds a B.S. in Finance and Decision Sciences from the Wharton School of the University of Pennsylvania.

  • Opening Reception in Exhibit Area "Seaside Social"

    Location: Grand Foyer,
    Lobby Level

    Reception

Wednesday, November 16, 2016

  • Registration

    Location: Grand Foyer,
    Lobby Level

    Registration

  • Continental Breakfast

    Location: Grand Foyer,
    Lobby Level

    Breakfast

  • Exhibit Area Open

    Location: Grand Foyer,
    Lobby Level

    Exhibit Hours

  • Compensation

    Location: Grand Hall B,
    Lobby Level


    Speaker(s)

    Richard J. Andreano, Esq. , Partner , Ballard Spahr LLP

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    Speaker(s)

    Richard J. Andreano, Esq. , Partner , Ballard Spahr LLP

    Richard Andreano is a Practice Leader of the Mortgage Banking Group at Ballard Spahr, in Washington, DC.  Rich has devoted over 30 years of practice to financial services, mortgage banking, and consumer finance law.  Rich advises members of the mortgage and settlement service industries on regulatory compliance and related matters including issues concerning Dodd-Frank, RESPA, TILA, ECOA, HMDA and FCRA.  Rich is the author of the MBA Compliance Essentials Loan Originator Compensation Rule Resource Guide™ and co-author of the MBA Compliance Essentials TILA/RESPA Integrated Disclosure (TRID) Resource Guide.

  • CREF: Managing through Metrics

    Location: Grand Hall A,
    Lobby Level


    Speaker(s)

    John Cibinic , Partner , Beekman Advisors, Inc.

    Travis Krueger , Chief Financial Officer , NorthMarq Capital, LLC

    Scott Griffin , Managing Director, Head of Finance , RED Capital Group, LLC

    Rachel Vinson , Chief Financial Officer , Barings Multifamily Capital LLC

    General Session

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    • Financial, operational, compliance
    • Internal and external
    • Interesting or actionable?
    • The infrastructure of metrics
    • Costs & benefits of the metrics themselves
    • Success stories

    Speaker(s)

    John Cibinic , Partner , Beekman Advisors, Inc.

    John Cibinic is a Partner with Beekman Advisors and provides transaction advisory and consulting services to real estate and real estate finance companies. He has been involved in over $2.9 billion in mergers and acquisitions and his consulting services involve corporate evaluations, growth strategies, competitive intelligence, and investment performance reviews. Earlier, John served in a variety of financial and strategic positions with Prudential Mortgage Capital Company, The WMF Group and CRI, Inc. after starting his career at Hyatt Hotels Corporation. John holds both a Bachelors and Masters in Business Administration from The George Washington University (GWU), serves on the Advisory Board for the Center for Real Estate and Urban Analysis at GWU and is a member of the Beta Gamma Sigma business honor society and the Urban Land Institute. He also holds the Series 63 and Series 79 securities licenses.

    Travis Krueger , Chief Financial Officer , NorthMarq Capital, LLC

    Travis was appointed Chief Financial Officer at NorthMarq Companies in 2013, after serving as Managing Director of Finance and Administration since joining the company in May 2012. NorthMarq Companies is the holding company of commercial real estate services firms NorthMarq Capital, which is in commercial real estate mortgage banking and commercial loan servicing; and Cushman & Wakefield | NorthMarq and Cushman & Wakefield | Commerce, which are both commercial real estate management and brokerage services companies associated with global firm Cushman & Wakefield.  NorthMarq Companies is part of the Pohlad Companies, a privately held diverse group of more than 20 independent companies owned by the Pohlad family. Prior to joining NorthMarq Companies, Travis spent 13 years in public accounting, including approximately 12 years with McGladrey, where he served for six years as director. In that role, he was responsible for delivering a wide variety of assurance services to the financial services industry, including mortgage banking, community banking, investment companies, broker-dealers, and other specialty financial services companies including those involved in factoring, leasing, and asset based lending. Travis received a Bachelor’s of Accountancy from the University of North Dakota.

    Scott Griffin , Managing Director, Head of Finance , RED Capital Group, LLC

    Scott Griffin is Head of Finance for RED Capital Group and a member of the company’s senior leadership team. His areas of responsibility include financial reporting and analysis, strategic planning, mergers and acquisitions, capital markets and treasury activities, and special projects.   Prior to joining RED, Mr. Griffin served as a consultant to Aozora Bank where he played an integral role in building a $1.3 billion commercial real estate lending platform. Prior to his time with Aozora, Mr. Griffin was a Vice President at Hegemon Capital, a family office in Tampa, FL, where he was responsible for sourcing, underwriting and managing a wide variety of private investments. He began his career at Raymond James, working in their real estate investment banking group.   Mr. Griffin joined RED in May 2014. He earned a BS in Finance from the University of Florida and is a FINRA Series 27 licensed Financial and Operations Principal.

    Rachel Vinson , Chief Financial Officer , Barings Multifamily Capital LLC

    As Chief Financial Officer, Ms. Vinson works closely with the President and other key executives to develop, evaluate and implement strategic initiatives, and is responsible for the oversight of accounting, financial planning, financial reporting and compliance functions.  Ms. Vinson joined Barings Multifamily Capital LLC in 2014 and has been engaged in finance, real estate lending and business development since 2004.  Prior to joining Barings Multifamily Capital Ms. Vinson worked at CBRE, Inc., where she served as Associate Director and Business Finance lead for Advisory Services. In this capacity, she oversaw financial reporting and analysis, strategically collaborated with business leadership across global lines of business and developed various financial reporting tools.  Ms. Vinson received her B.S.B.A., Magna Cum Laude, in International Business from Hawaii Pacific University and earned her M.B.A. in Finance from Loyola University Chicago, Quinlan School of Business.

  • Residential General Session: Audit Issues

    Location: Grand Hall C,
    Lobby Level


    Speaker(s)

    Anthony Sepci , Partner , KPMG LLC

    Kevin J. Conte, CPA , Partner , Plante & Moran, PLLC

    Tullus Miller , National Practice and Group Leader - Financial Services , Moss Adams, LLP

    Bryan Heft , Consumer Finance Group Partner , PwC

    General Session

    Read more Read less

    •Issues related to valuation of MSRs and IRLCs Rep and warranty and other reserve issues

    •Coordination with internal audit

    •Issues related to HUD, USAP and other audit or attestation reports

    •PCAOB hot buttons

    Speaker(s)

    Anthony Sepci , Partner , KPMG LLC

    Anthony Sepci has 20 years of experience serving the financial services, banking, and insurance industries. He is the national leader of the Financial Risk Management Data & Analytics Practice comprised of over 100 professionals.  He serves numerous financial services clients including specialty finance companies, mortgage banks, insurance companies, commercial/investment banks, loan servicing, and captive finance entities in the mortgage, equipment, student loan, auto, franchise, commercial real estate, and leasing industries. Prior to joining KPMG in 1999, he worked in the Audit and Structured Finance practices of Arthur Andersen, LLP in NYC.  Anthony has a  BA in Economics from the State University of New York at Buffalo and a MBA Finance & Accounting from the State University of New York at Buffalo.

    Kevin J. Conte, CPA , Partner , Plante & Moran, PLLC

    Kevin is a partner with Plante Moran's Financial Services team and leads the firm's mortgage banking practice.  Kevin has more than 30 years of experience working with independent mortgage bankers, credit unions, banks, foreclosure attorneys, real estate brokers, title companies, and other mortgage service providers. His recent experience includes assisting several clients in managing issues related to regulatory matters, mergers and acquisitions, allowance for loan loss, indemnification liabilities, capital formation and preservation, mortgage servicing accounting and administration issues, and growth/expansion opportunities. His clients include privately-owned and publicly-traded companies.  Kevin has a B.S. in accounting from Wayne State University. He previously served on the Board of Michigan Mortgage Lenders Association and as President of the Association's Southeast Chapter, representing more than 75% of the Association's total membership.

    Tullus Miller , National Practice and Group Leader - Financial Services , Moss Adams, LLP

    Tullus Miller, Partner, Moss Adams LLP,  leads our Financial Services Group and has more than 20 years of experience primarily serving commercial loan and banking organizations, mortgage banking companies, credit unions, and other specialty lenders and investment partnerships and companies. The services he provides clients include financial statement audits, SEC filings and registration statements, internal control evaluations, initial acquisition audits, derivatives, securitization accounting, and merger and acquisition consulting.  Tullus has an MBA from the University of San Francisco and a BA in business administration with an accounting concentration from California State University, San Bernardino.

    Bryan Heft , Consumer Finance Group Partner , PwC

    Bryan is a partner with over 14 years of experience in providing audit and advisory services to mortgage banking and other consumer finance organizations.  In addition to his role as an audit partner on one of the mega servicers, Bryan also provides additional audit related and consulting services including accounting advisory, internal audit, valuation of complex instruments, and structured transactions.  Bryan has worked with companies on the development of tools, controls and governance related to significant financial estimates including the valuation and risk management of mortgage servicing rights (“MSR”), allowance for loan losses, purchased credit impaired loan impairment, repurchase reserves, and other contingent liabilities.  In addition, Bryan run’s the PwC MSR valuation survey which has been an industry leading survey for 15 years and includes 20 of the largest residential mortgage servicers.  Bryan is a graduate of Wittenberg University where he received a B.A. in Business Management.  He is a Certified Public Accountant and a member of the AICPA where he represents the firm presenting the Mortgage Banking Update at the AICPA Bank and Savings Conference. 

     

  • Refreshment Break in the Exhibit Area

    Location: Grand Foyer,
    Lobby Level

    Refreshment Break

  • Forecasting and Budgeting Techniques

    Location: Grand Hall C,
    Lobby Level


    Speaker(s)

    Michele McGovern , Chief Executive Officer , Alight

    Mark Farrar , Chief Financial Officer , The Money Source, Inc.

    David Lipscomb, CPA , Senior Vice President, Finance and Controller , Prosperity Home Mortgage

    Paul Hubbard , Chief Financial Officer , Sierra Pacific Mortgage Company, Inc.

    Concurrent Session

    Read more Read less

    • Timelines and approaches to budgeting and forecasting: who is involved, when, and how often?

    • Common inputs for viable budgeting and forecasting models

    • Ways to improve forecasts and justify budget requests

    • Forecasting P&L as well as cash flows

    • Profitability scenarios in the event of significant volume fluctuations, other volatile economic factors, regulatory or enforcement actions, mergers and acquisitions and other bombshells

    • Use of automation in budgeting and forecasting

    Speaker(s)

    Michele McGovern , Chief Executive Officer , Alight

    Michele has over 20 years’ executive experience transforming and leading financial services software companies. She was CEO of Iris Financial Solutions, a trading and analytics software company acquired by Mascon Global Limited. Michele was CEO of Argenesis Corp., a provider of applications for the securities, investment management, and banking industries. At Argenesis, she led the acquisition and sale of Longview Group to Lindedata. Michele worked at PricewaterhouseCoopers and was a consultant to leading investment firms including Barclays Global Investors (now BlackRock) and Franklin Templeton Investments. She is a graduate of Northeastern University and is a CPA (inactive).

    Mark Farrar , Chief Financial Officer , The Money Source, Inc.

    Mark Farrar joined The Money Source Inc. (TMS) in 2015 which is headquartered in New York. The company is a nationwide mortgage lender having lending licenses in all 50 states along with Fanni eMae, Freddie Mac and Ginnie Mae approvals. Responsibilities include overseeing the cash management for $800M in financing facilities for loan production and cash flow for a $15B loan servicing portfolio. Prior to joining TMS Mark was the Mortgage Division CFO at Fidelity Bank in Atlanta. Mark has over 30 years of experience in mortgage banking and banking with over half of that time at the CFO level. A Certified Public Accountant with a degree in Accounting from Michigan State University earned in 1983 and a MBA from Florida International University earned in 1992.

    David Lipscomb, CPA , Senior Vice President, Finance and Controller , Prosperity Home Mortgage

    He joined PHM in June 2013 to design and implement the Accounting system and control environment for the company launch in January 2014, and he is responsible for all aspects for Finance and Accounting, Treasury (including Warehouse Line operations) and Risk & Controls.  PHM is now one of the nation’s largest independent mortgage bankers.  He joined PHM from Baron Cameron & Company, a boutique consulting firm to the mortgage industry which he founded and was CEO.  Previously, Lipscomb worked at KPMG in the CFO Advisory practice, at FNMA as Director of Single Family Loan Accounting, and at GMAC Mortgage and Wells Fargo Home Mortgage in various financial roles of increasing responsibility. Lipscomb is a Certified Public Accountant.  He earned his Bachelors of Business Administration with an Accounting major from Pacific Lutheran University in Tacoma, Washington and his Masters of Business Administration with a Finance & Real Estate concentration from California State University at Long Beach. 

    Paul Hubbard , Chief Financial Officer , Sierra Pacific Mortgage Company, Inc.

    Paul has been the Chief Financial Officer at Sierra Pacific Mortgage for the past 8 years. He has 25+ years of experience in the financial services industry. In addition to Sierra Pacific Mortgage, he has worked at Bank of America and Citi Bank (First Collateral). Paul started his professional career at Deloitte Haskins and Sells where he earned his CPA. He currently oversees the finance, accounting, Human Resources, and Servicing activities.  Paul received his B.S. in Business Administration with an emphasis on Accounting while attending California State University, Hayward.  

  • Residential/CREF Joint Session: FASB Update

    Location: Grand Hall B,
    Lobby Level


    Speaker(s)

    Matthew Esposito , Assistant Director , Financial Accounting Standards Board (FASB)

    Concurrent Session

    Read more Read less

    • New principles for: classification and measurement of mortgages and MBS impairment of mortgages and MBS; accounting for leases
    • Latest thinking and decisions on hedge accounting project
    • Status of international accounting convergence
    • Recent changes to consolidation accounting principles
    • Next steps for major projects

    Speaker(s)

    Matthew Esposito , Assistant Director , Financial Accounting Standards Board (FASB)

    Matthew Esposito is an assistant director of technical activities at the Financial Accounting Standards Board (FASB). Mr. Esposito oversees various technical areas, including those related to the accounting for financial instruments, credit losses, consolidation, and leases. He joined the FASB’s research and technical activities staff in September 2013. Before joining the FASB, Mr. Esposito was a director in Citigroup’s Accounting Policy Group in New York. Prior to joining Citigroup in December 2010, Mr. Esposito was a director in the Financial Instruments and Credit Group of PricewaterhouseCoopers and alum of their National Professional Services Group. Mr. Esposito has over 17 years of experience in the financial services industry, advising on technical accounting issues related to financial instruments under U.S. GAAP. He focused on technical accounting related to financial asset transfers, derivatives and hedging activities, credit losses, consolidation, and debt and equity classification matters.  Mr. Esposito has extensive experience working with mortgage and asset-backed securities, loan products, derivatives, and customized structured transactions.  Mr. Esposito has a B.S. in accounting from Binghamton University. He is a CPA in New York.

  • Refreshment Break in the Exhibit Area

    Location: Grand Foyer,
    Lobby Level

    Refreshment Break

  • CREF: The Face of the Future: Millennials

    Location: Grand Hall A,
    Lobby Level


    Speaker(s)

    Yuvay Meyers Ferguson, Ph.D. , Associate Professor, Marketing and Department Chair , Howard University School of Business

    Concurrent Session

    Read more Read less

    •Who are the Millennials?
    •What’s fact and what’s fiction?
    •Challenges and opportunities to engaging Millennial workers

    Speaker(s)

    Yuvay Meyers Ferguson, Ph.D. , Associate Professor, Marketing and Department Chair , Howard University School of Business

    Dr. Yuvay Meyers Ferguson is an Associate Professor and the Department Chairperson in the Department of Marketing at Howard University’s School of Business. She teaches Marketing Communications, Consumer Behavior, and Brand Management at the University. Dr. Ferguson graduated with honors from Howard University with a Bachelor's degree in International Business Marketing and then went on to American University to obtain a Master's Degree in Public Communications. Before returning to graduate school, she worked in advertising for a couple of years with clients such as the American Red Cross and BellSouth. Dr. Ferguson completed her Ph.D. in Advertising at the University of Texas at Austin. Her research interests focus on representation of Blacks and Millennials in advertising and their consumer behavior in the marketplace.  Dr. Ferguson and her husband, John Ferguson, live in Washington, DC with their daughter, Madelyn Victoria.

  • Recent Accounting Standards Update

    Location: Grand Hall B,
    Lobby Level


    Speaker(s)

    Brandon Coleman, CPA , Partner, National Office - Accounting Services , Deloitte

    Henry S. Chavez , Senior Audit Manager , Spiegel Accountancy Corp.

    Concurrent Session

    Read more Read less

    • Classification and measurement of financial instruments
    • Accounting for leases
    • Consolidation accounting
    • Accounting for MSRs
    • Interest Rate Lock Commitments and Pipeline Gains
    • Leases under common control

    Speaker(s)

    Brandon Coleman, CPA , Partner, National Office - Accounting Services , Deloitte

    Brandon Coleman has more than 18 years of experience in the accounting and financing field, including years of Corporate experience within the banking and mortgage industry.  Brandon is the Consolidation leader in Deloitte’s National Office.  In addition to consolidation, Brandon specializes in the areas of financial instruments, mortgage servicing rights, de-recognition, leases, and real estate. Prior to rejoining Deloitte in 2012, Brandon served as Deputy Controller and head of Accounting Policy in the Real Estate Lending division of Citigroup for 5 years, where he led multiple interpretation and implementation projects during a turbulent time in the mortgage industry. Brandon is a member of the American Institute of Certified Public Accountants.  Brandon holds a B.A. in accounting from the University of Missouri – St. Louis and is a certified public accountant licensed to practice in Illinois and Missouri.

    Henry S. Chavez , Senior Audit Manager , Spiegel Accountancy Corp.

    Henry Chavez works with growing organizations, serving as a strategic resource for their growth and success. In a public accounting career spanning over two decades, Henry has provided assurance and business consulting services to privately held businesses in the financial services, manufacturing and distribution, technology, and non-profit sectors.  Before joining Spiegel Accountancy Corp., Henry spent 15 years at PricewaterhouseCoopers (PwC), where he provided assurance services as a senior manager, with international clients in banking and manufacturing and distribution. His PwC experience included several years in South America working with various European and North American multi-national firms.  Henry graduated with a B.A. from the University of California, Santa Cruz, and an MBA from the University of California, Irvine. He is a licensed California CPA and a member of the American Institute of CPAs and the California Society of CPAs. Henry also serves on committees for the California Mortgage Bankers Association, has served as a speaker for the California Mortgage Bankers Association, and provides training courses on financial accounting and reporting issues to the mortgage industry.

  • Treasury Cash Management

    Location: Grand Hall C,
    Lobby Level


    Speaker(s)

    Michael Chen-Young , Deputy CFO & Treasurer , Prospect Mortgage, LLC

    Angela Young , Senior Vice President, Finance , Amerifirst Financial Corporation

    Charles Clark, Jr. , Senior Vice President, Executive Director of Mortgage Warehouse Finance , Everbank

    Rob Wilson , Director of Treasury , Quicken Loans

    Concurrent Session

    Read more Read less

    • Latest information on financing servicing advances and MSRs
    • Best practices for managing cash and liquidity
    • Forecasting and implementing a liquidity plan
    • Preparing for new margin requirements

     

     

    Speaker(s)

    Michael Chen-Young , Deputy CFO & Treasurer , Prospect Mortgage, LLC

    Mr. Chen-Young has over 20 years of experience in the financial services and energy industries leading transformations across finance, operations, technology and data. He is currently responsible for Prospect Mortgage’s liquidity management of Prospect’s $9 billion in annual originations. Prior to Prospect, Mr. Chen-Young was a Vice President at Fannie Mae post-conservatorship leading strategic initiatives such as Uniform Loan Data Delivery (ULDD), Credit Risk Transfer, Joint Servicing Compensation Initiative, and Finance Transformation. Prior to Fannie Mae, Mr. Chen-Young helped finance and start Greensmith Energy as its founding CIO and COO, building the strategy and platform to become a leading provider of energy storage software and integration services. Prior to Greensmith, Mr. Chen-Young played multiple leadership roles in pre-conservatorship Fannie Mae across Finance, Technology and Data Warehousing.  Mr. Chen-Young has Master’s and PhD degrees in Economics from the University of Maryland, College Park, and a Bachelor’s degree in Mathematics & Economics from the College of William & Mary.

    Angela Young , Senior Vice President, Finance , Amerifirst Financial Corporation

    Angela Young is the Senior Vice President of Finance at AmeriFirst Home Mortgage (“AmeriFirst”) in Kalamazoo, Michigan. Mrs. Young joined the company in 2006. As a member of the senior management team, Mrs. Young oversees all of the mortgage loan servicing and corporate finance functions for the company. Mrs. Young’s career began in the mortgage industry in 1993 and has included positions of manager, CFO, and interim CEO all within mortgage loan servicing and corporate finance. She has previous experience working at a bank and a credit union service organization and is now employed with an independent mortgage banker. Mrs. Young has a Master’s Degree in Accounting and Strategic Management from Davenport University.

    Charles Clark, Jr. , Senior Vice President, Executive Director of Mortgage Warehouse Finance , Everbank

    Charley Clark has over 30 years experience in the financial services industry. Since joining EverBank in early 2012, his team has grown to be one of the largest warehouse lenders in the industry. They provide daily funding liquidity, MSR, and Advance Line liquidity for over 40 of the leading independent mortgage banking companies. Over the previous 10 years, he founded and managed the MetLife Bank mortgage warehouse finance group, as well as the Structured Products Group for Sovereign Bank Capital Markets Division as Senior Vice President.  Prior to Sovereign, Mr. Clark held various positions in NYC with four large investment banking firms including Morgan Stanley, Citigroup, Merrill Lynch, and Lehman Bros. His primary focus there was in sales, trading, and structuring of asset backed and mortgage backed securities and loans. Charley is a graduate of Cornell University.

    Rob Wilson , Director of Treasury , Quicken Loans

    Rob Wilson is the Director of Treasury with Quicken Loans and is responsible over the company’s liquidity and cash management.  Rob has over 15 years of Treasury and Capital Markets experience mostly in the auto / mortgage financial services space.  Prior to joining Quicken Loans in 2014, Rob served as Director of Treasury at Ally Financial and progressed through a variety of structured funding roles.  In 2005, Rob joined Ford Motor Credit as part of the financial leadership program.  Rob earned his bachelor’s degree from the University of Michigan in economics and political science and his master's degree in business administration from Michigan State University.

  • Networking Lunch

    Location: Coronado ABC,
    2nd Level

    Lunch

  • CREF: Human Resources Challenges

    Location: Grand Hall A,
    Lobby Level


    Speaker(s)

    Jeffrey T. Majewski , Executive Managing Director , CBRE Capital Markets

    Robert Northway , Partner & Head of Consumer Banking and Global RE Practice , McLagan

    Concurrent Session

    Read more Read less

    • Current trends in staffing
    • Regulatory impacts
    • Changes in workplaces
    • Attracting and retaining talent

    Speaker(s)

    Jeffrey T. Majewski , Executive Managing Director , CBRE Capital Markets

    Jeff Majewski is the Chief Operating Officer of CBRE Capital Markets, which combines the Deb & Structured Finance platform with CBRE’s Investment Properties sales platform. Mr. Majewski has extensive experience in the origination, structuring, placement, closing and servicing of commercial real estate debt for life insurance companies, pension funds, banks, Agencies and Wall Street sources. During his 31 years of experience, Jeff has worked in every aspect of the commercial real estate finance business, from loan originations to loan servicing, asset management and lender and client development, as well as the detailed day-to-day operations of running the business. In addition, Jeff has extensive experience in Mergers and Acquisitions and the subsequent integration of the acquired operations. Mr. Majewski began his commercial real estate career while at Arthur Andersen, serving as an independent auditor for commercial and single family home developers located in Houston, TX.

    Professional Affiliations:  Mortgage Bankers Association (MBA) – Commercial Board of Governors, past member Freddie Mac Multifamily Seller/Servicer Advisory Council California Mortgage Bankers Association – Commercial Board of Governors

    Achievements: CBRE Global Emerging Leaders Program (2006-2010) CBRE Million Dollar Producer Club (2004) CBRE Top Producer Award, Los Angeles (2004) CBRE James J Didion Leadership Award (1998) CBRE Top Manager (1997)

    Education/Licenses: Harvard Business School, Executive Education Program; Leading a Professional Services Firm Certified Public Accountant, State of Texas University of Houston, Bachelor of Business Administration; Accounting

    Robert Northway , Partner & Head of Consumer Banking and Global RE Practice , McLagan

    Rob Northway, a Partner at McLagan is the head US consumer banking and global real estate practice. Mr. Northway advises clients on the design of compensation programs, market-share and performance issues to better align the human capital strategy with business objectives. He oversees the annual compensation and performance benchmarking analysis for Consumer, Retail and Small Business Banking, Credit Cards, as well as Residential Mortgage Banking and Commercial Real Estate compensation surveys recommended by the Mortgage Bankers Association (MBA).  Mr. Northway joined McLagan in 2004 and has extensive experience in plan design, performance benchmarking, and competitive assessment engagements focusing on executive and staff compensation programs for major U.S. and foreign institutions. His engagements include: Bank of Montreal, BNP Paribas, Capital One, CB Richard Ellis, Citigroup, Cushman & Wakefield, Fannie Mae, Deutsche Bank, GE Real Estate, Jones Lange LaSalle, JPMorgan Chase, Lincoln Financial Group, MetLife Inc., Morgan Stanley, PNC Bank, Prudential Financial Real Estate, Principal Financial Group Global Real Estate, PHH Mortgage, Redwood Trust, SunTrust Bank, USAA, Walker & Dunlop and Wells Fargo. Mr. Northway is a member of the Mortgage Bankers Association and has spoken at multiple Mortgage Bankers Association, NAREIM Human Resources Council, and American Credit Union Mortgage Association Annual Convention. He has published articles related to incentive plan design, regulatory issues and compensation trends in Mortgage Banking Magazine and ACUMA Pipeline newsletter.

  • Loans Held in Portfolio: Valuation and Future Impact of Current Expected Credit Losses (CECL)

    Location: Grand Hall B,
    Lobby Level


    Speaker(s)

    Mojgan Vakili , Partner , Deloitte

    Jim Denney , Partner , RSM

    Concurrent Session

    Read more Read less

    •Closer look at CECL
    •CECL implementation issues
    •Developing a new CECL accounting model
    •Applying CECL to securities
    •Seeking outside help for CECL implementation

    Speaker(s)

    Mojgan Vakili , Partner , Deloitte

    Mojgan (Mo) Vakili is a Partner in the Los Angeles Office of Deloitte with over 16 years of experience in providing risk based accounting and valuation consulting services on a variety of matters focused primarily on financial instruments and complex structured transactions in the financial services industry. Mojgan specializes in serving Banking & Securities companies with complex technical accounting, risk management and valuation topics. Her specific sector of focus is Mortgage Banking. Mojgan has extensive experience working on various complex areas of technical and operational accounting including investment accounting (classification, measurement and impairment), fair valuation, transfers of financial assets, securitizations, mortgage servicing rights, servicing advances, compensatory fees, residual interests, loan modifications, and loan accounting. She has participated as an instructor in various training workshops concerning a wide variety of mortgage banking specific topics and is often a speaker at industry conferences. This includes being a regular speaker at Mortgage Bankers Association conferences and a published author in Mortgage Banking Magazine.  Mojgan has also performed assessments of policies, procedures and practices for managing interest rate risk around various aspects of mortgage banking operations and managing pipeline remediation efforts. She has been involved in derivative valuation, and has experience helping clients with evaluating the adequacy and operational effectiveness of internal control procedures. Mojgan received her B.S. in Business & Economics from the University of California at Los Angeles in 1999. She is a licensed CPA in the state of California as well as a member of the AICPA.

    Jim Denney , Partner , RSM

    Jim Denney  is a RSM US LLP assurance partner with 36 years of experience serving businesses in the financial services and real estate industries. His experiences include: leading audit teams for larger organizations with multiple business units and legal entities; leading and technical reviewer for attestation engagements to assess management’s assertions for compliance with minimum servicing standards under Regulation AB and the uniform single attestation program for mortgage bankers; working with real estate clients to design and implement investment structures to accomplish business objectives; consultation on the financial reporting consequences of planned business transactions, including mergers and acquisitions, joint ventures, leasing, business and real estate sales; helping clients implement new accounting guidance. Bachelor of Accounting, University of Minnesota, Duluth (honors).

  • Secondary Marketing Execution Alternatives

    Location: Grand Hall C,
    Lobby Level


    Speaker(s)

    James J. Glennon , Manager, Trading & Account Management , Optimal Blue, LLC

    Mike Cook , National Account Manager , Capital Markets Cooperative, LLC

    Concurrent Session

    Read more Read less

    Execution options and current conditions for:

      • Aggregator vs. agency

      • Cash window vs. MBS

      • Mandatory vs. best efforts

      • Servicing retained vs. servicing released

      • AOT and co-issue options

    • How the above execution options may be shaped by your firm’s net worth, cash flow and risk appetite

    • Pipeline risk management

     

     

    Speaker(s)

    James J. Glennon , Manager, Trading & Account Management , Optimal Blue, LLC

    Jim started in the mortgage industry in 2002 as a lock desk clerk.  From there, he built successful capital markets divisions, including lock desks and hedging platforms, for 2 large mortgage banks, and served as a VP-level leader within both organizations.  Jim left the origination side of the industry in 2012 to seize and opportunity at Optimal Blue Secondary Services (fka Secondary Interactive), where he currently serves as Manager of Trading and Account Management.  Jim currently manages a team of 12 analysts, and oversees position and relationship management of over 100 clients.  He is also heavily involved in Optimal Blue’s corporate and software development strategies and processes.  Jim hold degrees in both Finance and Marketing from the University of Denver, and is an alumnus of the MBA Future Leaders Program. 

    Mike Cook , National Account Manager , Capital Markets Cooperative, LLC

    Mike Cook has over thirty years of experience in all mortgage related activities, including interest rate risk management, portfolio analysis and management, pricing, servicing, and credit management, makes him one of the most highly respected well-rounded executives in his field.  Over his career, Mr. Cook has held senior-level positions within the mortgage industry at Fannie Mae, Washington Mutual, Tuttle & Company, and American Savings Bank.  Mr. Cook received his bachelors of arts, with a concentration in finance from California State University Fullerton and a Masters in business administration from John F. Kennedy University School of Management. Mr. Cook holds a FINRA (Financial Industry Regulatory Authority) Series 3 license, is a member of the Mortgage Bankers Association and the National Futures Association.

  • Refreshment Break in the Exhibit Area

    Location: Grand Foyer,
    Lobby Level

    Refreshment Break

  • CREF: Risk Ratings and Loan Loss Reserves

    Location: Grand Hall A,
    Lobby Level


    Speaker(s)

    Kevin Beerman , Chief Financial Officer , Lancaster Pollard

    Keith A. Kehlbeck, CCMS , Vice President, Operations and Strategy , Prudential Mortgage Capital

    Ira Strassberg , Chief Financial Officer , Berkeley Point

    Concurrent Session

    Read more Read less

    • Internal and external methodologies
    • What drives ratings in today’s environment?
    • What are the implications of different ratings?
    • Tying ratings to reserves

    Speaker(s)

    Kevin Beerman , Chief Financial Officer , Lancaster Pollard

    Kevin Beerman is the chief financial officer of Lancaster Pollard. He joined Lancaster Pollard in 2012 and is responsible for managing the accounting, reporting and financial operations of the firm and for assisting in the growth and development of the firm by creating efficiencies throughout the organization. Prior to joining Lancaster Pollard, Kevin spent 16 years in public accounting working with a variety of clients, including financial institutions and broker-dealers and most recently served as a firm’s quality control partner. Kevin earned a bachelor’s degree in accounting from Capital University in Columbus, Ohio and attended the Florida School of Banking.

    Keith A. Kehlbeck, CCMS , Vice President, Operations and Strategy , Prudential Mortgage Capital

    Keith has more than 25 years of experience in the commercial real estate mortgage industry. He was appointed as vice president, operations & strategic support in 2015. He joined Prudential Asset Resources in 2001, and has held various leadership positions in Investor Reporting and Loan Servicing. Prior to his appointment and move to Prudential Mortgage Capital Company, he served as vice president of investment operations, from 2003 to 2015. In that capacity, he was responsible for the financial operations, accounting, financial & investor reporting and treasury operations for Prudential’s insurance accounts, CMBS, FHA/HUD/Ginnie Mae, Fannie Mae, Freddie Mac and institutional client portfolios. In addition, Keith was in charge of loan valuations and institutional reporting. Prudential Mortgage Capital Company’s entry into the commercial mortgage market in Japan and Europe expanded his responsibilities to include standards and practices of international accounting as well as internal reporting. Earlier, he was a director, investor reporting, with responsibility in managing a team responsible for the remittance and reporting for FHA, Fannie Mae and institutional investors, from 2001 to 2003. Prior to joining Prudential, Keith was with GE Capital for 12 years, where he held a broad range of positions. His tenure included experience in acquisitions and mergers, financial planning and analysis, and business development. He also served as operations leader and quality master black belt leader for Asset Management and Loan Servicing, and E-business project leader for GE Capital Real Estate. Earlier, Keith was employed by PricewaterhouseCoopers, where his primary focus was real estate clients for both audit and system engagements. Keith received his Bachelor of Science degree in accounting from the University of Kentucky, and earned a Master of Business Administration degree from the University of Texas at Dallas. He holds the Commercial Certified Mortgage Servicer designation from the Mortgage Bankers Association. Keith is a licensed CPA in Texas.

    Ira Strassberg , Chief Financial Officer , Berkeley Point

    Ira Strassberg has served as Chief Financial Officer of Berkeley Point Capital since May 2012 and Cantor Commercial Real Estate Company (CCRE) since October 2014. In his role, Ira is responsible for financial reporting, tax planning, budgeting, accounting, treasury and the strategic financial processes for the company.  Prior to joining the firm, Ira served as Senior Vice President, Multifamily Chief Financial Officer at Fannie Mae from 2008-2012.  Before his tenure at Fannie Mae, he was Chief Financial Officer at Walker & Dunlop from 2006-2008, and held Senior Director positions at Freddie Mac from 2003-2006.  Earlier in his career, Ira advised large and mid-sized financial services companies as a Managing Director and Capital Markets practice leader at KPMG Consulting/ BearingPoint.  Ira received a BS in Business Administration in Accounting from Georgetown University and is a Certified Public Accountant, Certified Management Accountant and Chartered Global Management Accountant. 

  • Dashboard Measures for Performance

    Location: Grand Hall B,
    Lobby Level


    Speaker(s)

    Trevor Reinhart , Senior Manager, Business Advisory , Richey, May & Co., LLP

    Jon Maynell , Vice President of Client Services , Motivity Solutions

    Prateek Singh Khokhar , Chief Financial Officer , Skyline Financial Corp.

    Concurrent Session

    Read more Read less

    • Common metrics that mortgage executives track on a weekly or even daily basis to measure performance

    • Techniques to measure profitability across mortgage product types, rate type and loan purpose

    • Financial analyses by employee, branch, origination channel and business unit

    • Overview of tracking systems and how results are conveyed to employees in real-time or in near real-time

    • Tying in dashboard metrics into overall strategic planning processes and corporate goals

    Speaker(s)

    Trevor Reinhart , Senior Manager, Business Advisory , Richey, May & Co., LLP

    Trevor Reinhart is a Senior Manager in the Business Advisory Services department at Richey May & Co., LLP. He began at the firm in 2003, moving through the ranks while auditing some of the firm’s largest independent mortgage lenders. His work as an auditor exposed him to the concerns of clients with benchmarking themselves against their peers. As a result, Trevor worked with our technology partner to create Richey May Select, an award-winning peer-to-peer benchmarking platform that provides timely, precise, and relevant financial and operational performance metrics. Trevor also helps our Business Advisory Services team to design and implement accounting and management reporting systems, develop financial forecasts and budgets, and perform operational reviews of businesses. Internally, Trevor is highly involved in training and education, professional research and technical writing and representing the firm within the mortgage industry. Trevor is a Certified Public Accountant, and holds his Bachelor of Science degree in Accounting from Metropolitan State College of Denver.

    Jon Maynell , Vice President of Client Services , Motivity Solutions

    Jon Maynell is Vice President of Client Services at Denver-based Motivity Solutions. A frequent speaker at mortgage industry events, Jon has spent the past 25 years designing, implementing, and evangelizing mortgage technology innovation. His present focus is Mortgage Business Intelligence (MBI), and leveraging it to make lenders more successful.

    Prateek Singh Khokhar , Chief Financial Officer , Skyline Financial Corp.

    Prateek has nearly 20 years of Mortgage and Finance experience ranging from various different functions in Finance from Financial Planning and Analysis, Treasury and at the CFO level. Throughout his career, he has always pursued and worked towards providing visibility into everyday transactions which could drive overall company Strategy and lead to success throughout his time with Prospect Mortgage and Skyline Financial among others. Prateek has an MBA from Pepperdine and a Bachelor of Science in Economics from UCLA.

  • Market Outlook for Acquiring and Selling MSRs

    Location: Grand Hall C,
    Lobby Level


    Speaker(s)

    Mark Garland , President , MountainView Capital Holdings

    Mike Carnes , Director , Mortgage Industry Advisory Corporation (MIAC)

    Robert M. Dowell , Managing Director, Analytics , Incenter, LLC

    Concurrent Session

    Read more Read less

    • What is happening in the market for GSE MSRs?
    • What is driving the current market for Ginnie Mae MSRs?
    • Is the low-interest rate environment the “new normal?”
    • Impact of rising cost to service on the market and counterparty risk on MSR market

    Speaker(s)

    Mark Garland , President , MountainView Capital Holdings

    Mr. Garland leads the operations of MountainView Servicing Group, a residential mortgage servicing rights sale and valuation advisory firm. In this role, he oversees the research and modeling of the variables and scenarios affecting the value of MSRs, and he oversees all of the activities involved in bringing clients’ MSR portfolios to market. Before joining MountainView in 1997, Mark served as Vice President of Financial Planning and Analysis at Dovenmuehle Mortgage, Vice President of Portfolio Management at PNC Mortgage, Director of Internal Audit at Source One Financial Services, and Senior Auditor at Peat Marwick. He earned the CPA designation and holds a BBA degree in Accounting and an MBA degree in Finance from Wayne State University in Detroit.

    Mike Carnes , Director , Mortgage Industry Advisory Corporation (MIAC)

    Michael Carnes joined MIAC in September 2009 and is a Director within the Capital Markets Group. Michael is a senior member of the Mortgage Servicing Rights Valuation Committee and is responsible for all MSR valuation and brokerage services. He is a seasoned industry expert regarding mortgage banking and mortgage servicing rights with almost 25 years of diverse mortgage banking experience. In addition to MIAC, he has a proven track record of advising companies, including Wells Fargo, Wachovia, Irwin Mortgage, and Bank One Mortgage (now Chase Mortgage) on servicing valuation and overall corporate growth. Michael is experienced in both Static and Option Adjusted Spread valuation techniques and has experience in valuing a wide array of diverse product types. He has extensive valuation, deal making and negotiation experience with practical business savvy that has dramatically increased the bottom line results of the companies and clients he has served. Michael’s latest published work, “Valuing and Trading Mortgage Servicing Rights” can be found in Volume III of the Mortgage Professional’s Handbook.

    Robert M. Dowell , Managing Director, Analytics , Incenter, LLC

    Bob has 27 years’ experience within the mortgage industry, with the last 18 years performing analytics on mortgage servicing portfolios.  Analytics work includes both buyer and seller representation in mortgage servicing rights transactions, third party mark to markets, Co-Issue Pricing grids, MSR transaction management/reconciliation, and advisory work related to MSR accounting functions.  Bob’s work experience work to valuations included consulting work for Black Knight (f/k/a Alltel, LPS) within new client conversions, training, and special projects, as well as work for the RTC, and various mortgage servicing entities.  Bob has a B.S. degree in business from the University of Colorado.

  • Refreshment Break in the Exhibit Area

    Location: Grand Foyer,
    Lobby Level

    Refreshment Break

  • Ask the CFOs – Top Three Challenges of 2016 and Beyond

    Location: Grand Hall C,
    Lobby Level


    Speaker(s)

    Paul Hubbard , Chief Financial Officer , Sierra Pacific Mortgage Company, Inc.

    Michael D. McAuley , Principal , Garrett, McAuley & Co.

    James R. Mountain , Chief Financial Officer, Treasurer and Secretary , ARMOUR Residential REIT, Inc.

    Chad Rogers , Chief Financial Officer , Veritas Funding, LLC

    John C. Radin , Chief Financial Officer , Mason-McDuffie Mortgage Corporation

    Concurrent Session

    Read more Read less

    2016 was an “Olympic” year.  In keeping with this theme, a group of CFOs from both banks and independent mortgage companies will discuss their opinions on the top three challenges of 2016 and what these challenges mean for their specific businesses.  They will also discuss how they manage fluctuating volume, margin compression, compliance costs, cash position, and growth. Attend this moderated session and see if your “top three” issues match theirs.

    Speaker(s)

    Paul Hubbard , Chief Financial Officer , Sierra Pacific Mortgage Company, Inc.

    Paul has been the Chief Financial Officer at Sierra Pacific Mortgage for the past 8 years. He has 25+ years of experience in the financial services industry. In addition to Sierra Pacific Mortgage, he has worked at Bank of America and Citi Bank (First Collateral). Paul started his professional career at Deloitte Haskins and Sells where he earned his CPA. He currently oversees the finance, accounting, Human Resources, and Servicing activities.  Paul received his B.S. in Business Administration with an emphasis on Accounting while attending California State University, Hayward.  

    Michael D. McAuley , Principal , Garrett, McAuley & Co.

    Michael D. McAuley is a Principal of Garrett, McAuley & Co., a banking and mortgage banking consulting firm that helps lenders increase revenues, control costs, and better manage risk. Mike has more than twenty years of commercial banking experience in financing mortgage bankers, homebuilders, and related firms, most recently at JP Morgan Chase. Mike is an acknowledged expert in the field of mortgage banking and warehouse lending, and he consults with banks, mortgage bankers, credit unions, and regulators. He focuses on assisting mortgage bankers with improving their strategies, finances, secondary marketing, and operations. Mike is a graduate of Georgetown University in Washington, D.C.; a past chairman of the RMA Warehouse Lenders Roundtable; member of the Warehouse Lending Subcommittee at the Texas Mortgage Bankers Association, and a Graduate with Distinction, Willis Bryant Award finalist, and Lecturer at the School of Mortgage Banking.

    James R. Mountain , Chief Financial Officer, Treasurer and Secretary , ARMOUR Residential REIT, Inc.

    James R. Mountain is the Chief Financial Officer, Treasurer and Secretary of ARMOUR Residential REIT, Inc. (NYSE: ARR). Mr. Mountain also held those positions with JAVELIN Mortgage Investment, Corp. until April 2016 when ARMOUR acquired JAVELIN in a public tender offer. Mr. Mountain joined ARMOUR in 2012 after having spent over 30 years at Deloitte. Mr. Mountain has significant experience in securitization transactions, having been involved in that market since its inception in the mid-1980s, and helped to build Deloitte’s securitization practice. With significant experience in all facets of complex and structured financial transactions, he was also involved in the early development of Deloitte’s global capital markets practice. In these roles, he advised his partners and clients on both the buy-side and sell-side of the capital markets, as well as their regulators, regarding the financial reporting, control, valuation, risk management, and strategic aspects of cutting-edge financial transactions. Mr. Mountain also previously served as a partner in Deloitte’s national office, where he supervised the review and consultation process relating to securities offerings by banks, thrifts, securities deals, insurance companies, and investment companies. Mr. Mountain is the Chair of the Financial Management Committee of the Mortgage Bankers Association and an ex officio member of the Association’s Residential Board of Governors. Mr. Mountain earned his Bachelor of Arts degrees in accounting and in economics from the University of Montana, as well as a M.B.A. degree from the University of California, Berkeley. He is a Certified Public Accountant and a member of the American Accounting Association and the American Institute of Certified Public Accountants. Mr. Mountain is a Trustee of the University of Montana Foundation and previously chaired the Foundation’s investment committee and its audit and finance committee.

    Chad Rogers , Chief Financial Officer , Veritas Funding, LLC

    Chad Rogers serves as the Chief Financial Officer for Veritas Funding. He is responsible for financial management including oversight of secondary, servicing, banking, budget forecasting.  Prior to joining Veritas Funding, LLC, Chad was employed with PricewaterhouseCoopers. It was here where Chad became a Certified Public Accountant and was responsible for coordinating fieldwork and executing audits of financial statements in accordance with GAAP and GAAS, across a broad clientele including alternative investment partnerships, higher education, mining, service organizations and banking for both public and private companies.  While pursuing his graduate and undergraduate degrees, Chad was a Financial Analyst for Zion’s First National Bank for six years. During his career with Zion’s Bank, Chad performed monthly cost allocations for 10 subsidiaries and over 900 full banking service offices. He worked with corporate and affiliate bank presidents and CFO’s to ensure the company was in compliance with Federal regulations pertaining to cost allocations and service level agreements between affiliate banks.  Outside of work, Chad stays busy with his wife and five children. He also finds time to squeeze in time for golfing, basketball, softball, mountain biking, and fishing.

    John C. Radin , Chief Financial Officer , Mason-McDuffie Mortgage Corporation

    Jack Radin is the Chief Financial Officer of Mason McDuffie Mortgage Corporation since 2009 responsible for managing all areas of financial services including accounting, treasury, and secondary market interface.  He is a  35-year veteran of the residential mortgage banking industry with extensive experience in managing capital markets, accounting, credit, finance, and operations. Jack has held senior management positions with Weyerhaeuser Mortgage, Mellon Mortgage, E*Trade Financial, Mortgage IT, and American Home Mortgage. He has customized and deployed policies, practices, and systems to achieve optimal hedging and loan sale results in tandem with driving operational efficiencies supportive of the same objectives. He has also integrated, streamlined, and optimized the efficiency and profitability of line mortgage banking functions. Jack has extensive experience working in residential REIT environments.  Jack received his BA from Stanford University and his MBA from Tulane University.

  • CREF: Information Technology & Security -- Best Practices

    Location: Grand Hall A,
    Lobby Level


    Speaker(s)

    Jeffrey Whiteside, CISSP, , Technology Risk Manager , Crowe Horwath LLP

    Concurrent Session

    Read more Read less

    • Ways CRE finance firms are engaging with technology

    • How firms are keeping up with mobile, cloud, and more

    • Today’s biggest information security concerns

    • The greatest technology opportunities and challenges

    Speaker(s)

    Jeffrey Whiteside, CISSP, , Technology Risk Manager , Crowe Horwath LLP

    Jeff Whiteside, CISSP is a Manager for Crowe Horwath’s Technology Risk practice which performs security services for over 300 clients annually. Jeff has over 8 years of experience spanning multiple industries including financial institutions, manufacturing, healthcare, insurance, government, utilities, and education; including experience delivering security solutions to Fortune 500 organizations. Jeff has been responsible for presenting security topics to audit committees and at national conferences, as well as software development training to other security consultants, and continues to provide insight and guidance to both clients, and colleagues related to application development, web and network security.

  • Recruitment and Career Building Strategies

    Location: Grand Hall B,
    Lobby Level


    Speaker(s)

    Richard Glass , President , Rick Glass Executive Search

    Peter J. Taglia, CMB, CPA, AMP, FTN , Senior Vice President , FTN Financial Capital Assets Corporation

    Concurrent Session

    Read more Read less

    • Typical skills and backgrounds of senior mortgage finance professionals

    • Paths to advancement and recruitment, including cross training

    • Expectations for compensation and benefits

    • Areas of greatest demand and specific credentials sought

    • Role of diversity in the workplace

    Speaker(s)

    Richard Glass , President , Rick Glass Executive Search

    Rick Glass is a leading expert in executive search for the mortgage industry and has over 20 years of experience in solving talent acquisition needs for industry leaders, placing  hundreds of highly qualified senior executives into management positions with lenders, servicers and investors. His exclusive focus on C-level and senior executive searches in the mortgage industry, combined with a 96% placement rate and a 96% retention rate, distinguish Rick among his peers.  Rick is an active member of the mortgage industry.  He is a published author and frequent speaker at industry events for organizations such as the Mortgage Bankers Association.  His industry research has been featured in Mortgage Banking magazine and published by the National Bureau of Economic Research.  Raised in the San Francisco Bay area, Rick earned his Bachelor’s Degree from St. Mary’s College and his MBA in Real Estate Finance at Golden Gate University.  He is a lifelong athlete and competed on the U.S. Boxing Team, an experience he credits for traits he applies every day to his work: “In that competitive and unforgiving environment, obsessive preparation, focus, intensity and an uncompromising determination are the touchstones for success.  I bring those attributes to every search I undertake for my clients.”

    Peter J. Taglia, CMB, CPA, AMP, FTN , Senior Vice President , FTN Financial Capital Assets Corporation

    Peter Taglia is a member of the Capital Assets Group of FTN Financial, a subsidiary of First Tennessee Bank, concentrating on loan sale / securitization strategies, asset backed structuring and portfolio analysis. His duties also include client support for mortgage banking related issues with an emphasis on hedging and risk management. Previously, Mr. Taglia was the division manager of the Home Loan Center for Northern Trust Company, Chicago, responsible for all mortgage operations. Additionally, in an administrative capacity, Mr. Taglia was President and CEO of NT Mortgage Holdings LLC and NTG Services LLC, both wholly owned subsidiaries of Northern. Prior to Northern Trust, Mr. Taglia was Senior Vice President of First Chicago Mortgage Services, an affiliate of the First National Bank of Chicago (Bank One). He directed all areas of secondary marketing and development of corporate strategy for the firm’s pricing, hedging and loan sales. He began his career with Coopers & Lybrand (PricewaterhouseCoopers).

Thursday, November 17, 2016

  • Registration

    Location: Grand Foyer,
    Lobby Level

    Registration

  • Roundtable

  • Exhibit Area Open

    Location: Grand Foyer,
    Lobby Level

    Exhibit Hours

  • Company Valuation and M&A Outlook

    Location: Grand Hall C,
    Lobby Level


    Speaker(s)

    Jeffrey M. Levine, AMP , Managing Director , Houlihan Lokey

    Chuck Klein , Managing Partner , Mortgage Banking Solutions

    Concurrent Session

    Read more Read less

    • Factors influencing marketability and perceived value of mortgage companies

    • Typical structures:  whole company acquisition vs. select asset acquisition

    • Buyer, investor and seller objectives and expectations

    • Major red flags that could sabotage a deal

    • Market trends and outlook

     

     

        

    Speaker(s)

    Jeffrey M. Levine, AMP , Managing Director , Houlihan Lokey

    Jeffrey M. Levine is a Managing Director and Co-Head of the Financial Institutions Group (FIG) at Houlihan Lokey (HL), and serves on the Management Committee of the Firm.  Mr. Levine advises both independent and depository-owned mortgage lenders and REITs, nationally, as well as community banks in Florida, on corporate finance, M&A and asset sale transactions. Mr. Levine has over 30 years’ experience in the banking and financial services, and has been involved in most of the corporate mortgage banking transactions executed during this time frame, representing a combined servicing volume in excess of $850 billion.  Mr. Levine has been a guest lecturer at the Mortgage Bankers Association’s School of Mortgage Banking and its Chief Financial Officers and Financial Analysis Conferences, as well as FHLMC’s School of Mortgage Finance.  Mr. Levine received his Bachelor of Science in Business Administration degree from the University of Florida. 

    Chuck Klein , Managing Partner , Mortgage Banking Solutions

    Chuck Klein is a managing partner and President of the Mergers and Acquisitions division of Mortgage Banking Solutions, an advisory and consulting firm to the residential lending industry. Mr. Klein is renowned for his 40+ years in Mortgage Lending experience and the last 28 years representing sellers and buyers in many of the country’s largest transactions involving mortgage companies. He is actively involved helping MBS’ clients develop business and exit strategies that will improve efficiencies and maximize returns.  His division at MBS works with nearly every warehouse lender in the U.S. as a consultant or to assist their mortgage lending customers obtain warehouse lines.  He has also served as a member of Fannie Mae’s Secondary Marketing Liaison Committee and served on the Board of Directors of the Texas Mortgage Bankers Association.  Chuck graduated from the University of Texas, Austin with a BBA in Management and lives in Waco, Texas with his wife Patty.  His son Mitchell has followed in his dad’s footsteps and is a mortgage loan officer in Houston, Texas.

  • CREF: Hear from Peers Roundtable Discussion (Closed to media.)

    Location: Grand Hall A,
    Lobby Level


    Speaker(s)

    Ira Strassberg , Chief Financial Officer , Berkeley Point

    Concurrent Session

    Read more Read less

    Join our morning roundtable discussion for an opportunity to converse with peers from other commercial/multifamily real estate finance firms.

    Speaker(s)

    Ira Strassberg , Chief Financial Officer , Berkeley Point

    Ira Strassberg has served as Chief Financial Officer of Berkeley Point Capital since May 2012 and Cantor Commercial Real Estate Company (CCRE) since October 2014. In his role, Ira is responsible for financial reporting, tax planning, budgeting, accounting, treasury and the strategic financial processes for the company.  Prior to joining the firm, Ira served as Senior Vice President, Multifamily Chief Financial Officer at Fannie Mae from 2008-2012.  Before his tenure at Fannie Mae, he was Chief Financial Officer at Walker & Dunlop from 2006-2008, and held Senior Director positions at Freddie Mac from 2003-2006.  Earlier in his career, Ira advised large and mid-sized financial services companies as a Managing Director and Capital Markets practice leader at KPMG Consulting/ BearingPoint.  Ira received a BS in Business Administration in Accounting from Georgetown University and is a Certified Public Accountant, Certified Management Accountant and Chartered Global Management Accountant. 

  • Optimizing Technology Dollars

    Location: Grand Hall B,
    Lobby Level


    Speaker(s)

    Tim Elkins , Executive Vice President, Chief Information Officer , PrimeLending

    Eric J. Pretzlaff , Executive Vice President, Chief Financial Officer , PrimeLending

    Dean Alzapiedi , Senior Technology Financial Manager , PrimeLending

    Concurrent Session

    Read more Read less

    Challenges of accounting for technology spending

    • Evaluating costs and benefits of technology investments

    • Approaches and case studies for performing financial analyses for major investments

    • Stretching technology dollars to meet compliance and efficiency needs

    Speaker(s)

    Tim Elkins , Executive Vice President, Chief Information Officer , PrimeLending

    Tim Elkins joined PrimeLending in November of 2008 as chief information officer and is responsible for information security, IT operations and technology initiatives.  Elkins has more than 20 years of experience in the mortgage industry. Prior to joining PrimeLending, he served as chief information officer at AmericaHomeKey and BSM Financial.  Elkins is the chair of the Residential Technology Forum (RESTECH) for the Mortgage Bankers Association. Additionally, working with fellow CIOs from other industry-leading brands as well as senior staff from CIO.com and the Harvard Business Review, Elkins is a member of the Red Hat’s Enterprisers Editorial Board.   In 2013 and 2014, Elkins was honored as one of the Computerworld Premier 100 IT Leaders and lead his team to being selected as a CIO 100 recipient for their innovation in the mortgage industry.  Elkins has a Bachelor of Business Administration degree in Finance from Texas Tech University.

    Eric J. Pretzlaff , Executive Vice President, Chief Financial Officer , PrimeLending

    Eric Pretzlaff joined PrimeLending in August 2011 as Executive Vice President, Chief Financial Officer. He is responsible for all aspects of financial management and reporting for the company.  Before joining PrimeLending, Eric served as Internal Audit Director for Centex Corporation until transferring to Centex's wholly owned mortgage company, CTX Mortgage Company, where he later served as Controller. Following Pulte Homes' acquisition of Centex in 2009, he assumed the role of Controller for Pulte's wholly owned title company, PGP Title.  Eric spent the first 10 years of his career in the Dallas audit practice of Price Waterhouse.  Eric graduated with a Bachelor of Science degree in accounting from Central Michigan University and is a licensed Certified Public Accountant.

    Dean Alzapiedi , Senior Technology Financial Manager , PrimeLending

    Dean Alzapiedi joined PrimeLending in March of 2014 as Senior Technology Financial Analyst, and initially built the Technology Financial Reporting Structure and Analysis Procedures.  Dean runs the Technology Finance group and is responsible for all aspects of financial reporting and budgeting.  Recently, Dean’s role was expanded to include Office of the CIO and cost cutting / vendor negotiation initiatives.  Alzapiedi has been in the Financial Services industry for most of his career, including roles as VP - Budget, Finance, and Modeling Manager at Deutsche Bank and AVP – Senior Financial Manager/ Project Manager at Merrill Lynch. In both roles, Alzapiedi was responsible for developing new and innovative reporting, in addition to complete cost center financial management.

  • Refreshment Break in the Exhibit Area

    Location: Grand Foyer,
    Lobby Level

    Refreshment Break

  • CREF: An Insider’s Guide to MBA Resources

    Location: Grand Hall A,
    Lobby Level


    Speaker(s)

    Jamie Woodwell , Vice President of Commercial/Multifamily Research , Mortgage Bankers Association

    Concurrent Session

    Read more Read less

    • How to make the most of your MBA membership
    • Education
    • Research
    • Conferences
    • Networking
    • Advocacy
    • And more!

    Speaker(s)

    Jamie Woodwell , Vice President of Commercial/Multifamily Research , Mortgage Bankers Association

    Jamie Woodwell
    Vice President, Research and Economics

    Jamie Woodwell is Vice President in the Research and Economics group at the Mortgage Bankers Association (MBA), where he oversees MBA's research on the commercial and multifamily real estate markets. Jamie's work covers the macro-economy, commercial and multifamily property markets, commercial and multifamily real estate finance, servicing, mortgage banking benchmarking and more. Jamie is an expert on the commercial real estate finance markets and he and his work are regularly cited in the media, on Capitol Hill and in regulatory settings. He is a frequent contributor to Mortgage Banking magazine and other periodicals and a regular speaker at industry events. He has appeared on CNBC, Bloomberg and in other popular and trade press and has testified before the Congressional Oversight Panel for TARP.

    Jamie also leads special MBA projects including its Council to Shape Change and the Council on Ensuring Mortgage Liquidity, and oversees MBA's commercial peer business roundtables including CFOs, CTOs and HR heads. The Council to Shape Change brought together leaders from the single-family and commercial/multifamily finance markets to identify key trends shaping the industry. The group issued its report "Outlook for the Real Estate Finance Industry" in 2006. In 2008, the Council on Ensuring Mortgage Liquidity brought together 23 industry leaders representing MBA's diverse membership who were tasked with determining what a functioning secondary mortgage market should like for the long term. In September of 2009, the Council released "Future Government Role in the Core Secondary Mortgage Market," a framework for government involvement in the single-family and multifamily secondary mortgage markets and a foundation for most subsequent reform proposals.

    Woodwell joined MBA in 2004 from Fannie Mae's multifamily group, where he was responsible for multifamily data initiatives. He has also served as senior director of business development at CapitalThinking in New York, research director at the WMF Group in Virginia, and research manager at the National League of Cities in Washington, D.C.

    Woodwell received his bachelor's degree in economics and American studies from Brown University in Providence, Rhode Island. He earned his master's degree in urban and regional planning from the Graduate School of Public and International Affairs at the University of Pittsburgh.

  • Managing MSR Volatility and Valuation

    Location: Grand Hall C,
    Lobby Level


    Speaker(s)

    Kathryn Ferriman , Vice President of PAS , Phoenix Capital

    David C. Stephens , Chief Financial Officer/Chief Operating Officer , UCM

    Concurrent Session

    Read more Read less

    •Initial recognition of and pricing, valuing, and hedging MSRs
    •Accounting options: Lower of Cost or Market (LOCOM) vs. Fair Value Valuation tools: Off-the-shelf models vs. third-party vendors
    •Modeling revenues and expenses and interest rate scenarios
    •Prepayment, default and other key assumptions
    •Impact of rising costs on servicing valuation

    Speaker(s)

    Kathryn Ferriman , Vice President of PAS , Phoenix Capital

    Kathryn M. Ferriman, Vice President of Phoenix Analytic Services, Inc., helps lead the MSR valuation and analytics group.  The analytics team provides clients with a full range of MSR services, including portfolio valuations, accounting outsourcing, best execution pricing grids, and MSR advisory tools.   Kathryn’s primary responsibilities involve managing the PAS team of analysts, focusing on  valuations, MSR management reporting, and accounting outsourcing.  Kathryn joined the PAS team in 2007.  She holds a B.S.B.A. in international business and an M.A. with a concentration in statistics, both from the University of Denver.

    David C. Stephens , Chief Financial Officer/Chief Operating Officer , UCM

    David C. Stephens is not David H. Stevens, Chairman of MBA. This speaker spells his last name properly and has been using the name longer. Dave was a CPA for several decades and left public accounting as an audit partner with Coopers & Lybrand, now PriceWaterhouseCoopers. Dave joined Lomas Mortgage USA where he served as Senior Accounting and Control Officer and Senior Operations Officer for Master Servicing and Insurance Operations. Under Dave's leadership, Lomas famously invented the VA No-bid and somehow survived it. Dave served as Chairman of the MBA's Financial Management Committee in 1994 and you can blame him and a couple of others for the convincing testimony before the FASB that led to adoption of FAS 122, recognizing originated mortgage servicing rights as assets. Dave is now COO and CFO of United Capital Markets, Inc., which provides MSR hedge advisory services to bankers and mortgage bankers owning MSRs. (He swears that he wasn't thinking of his would-be career path when he visited the FASB).

  • Non-CECL Reserves

    Location: Grand Hall B,
    Lobby Level


    Speaker(s)

    Eric Gallagher , Audit Partner , KSJG

    Jason Sandberg , Partner , Grant Thornton, LLP

    Concurrent Session

    Read more Read less

    •Compensatory fees
    •Reps and warranty on originations
    •Impact of recent changes to GSE rep and warranty framework
    •Dealing with potential claims under the False Claims Act
    •Impact of CECL on accounting for repurchases

    Speaker(s)

    Eric Gallagher , Audit Partner , KSJG

    Eric M. Gallagher is an Audit Partner at Kushner, Smith, Joanou & Gregson, LLP in Irvine, California. Eric has over 17 years of experience in providing accounting, external auditing and business advisory services to privately-held companies located throughout the United States. His areas of expertise include mortgage banking, title and escrow, real estate development, construction, architectural engineering, employee benefit plans and ESOPs. In his capacity as a partner, he is responsible for overseeing the planning, fieldwork, and financial reporting of numerous companies in a variety of industries. In addition to client relationship management, Eric has assisted clients with the implementation of hedge accounting, accounting for derivatives, mortgage servicing rights, and fair value of financial instruments. Eric is a member of the American Institute of Certified Public Accountants. Eric holds a B.A. in business administration from California State University, Fullerton, and is a certified public accountant licensed to practice in California. Founded in 1979 and headquartered in Irvine, California, Kushner, Smith, Joanou & Gregson, LLP (KSJG) is a full-service CPA firm providing audit, tax, and business advisory services to a myriad of privately-held middle-market organizations. The firm has specific expertise in the areas of mortgage banking, engineering and construction, real estate development, aerospace, food services, not-for-profit organizations and employee benefit plans. KSJG provides accounting, tax, and consulting services to organizations with operations in all 50 states, as well as international affiliations and operations.

    Jason Sandberg , Partner , Grant Thornton, LLP

    Jason Sandberg is the head of the Financial Services and Real Estate Practice for the Atlantic Coast Market Territory.  Jason has served as the Audit Partner on REITS and other real estate entities, financial institutions, asset managers, leasing companies and specialty lenders. He has worked with companies completing initial public offerings, as well as private companies executing Rule 144(A) offerings and reverse mergers with SEC registrants.  Previously, Jason spent four years in the firm’s National Professional Practice Director Group, specializing in complex accounting and auditing matters for Securities and Exchange Commission (SEC) registrant clients and large, complex private companies in the Financial Services and Real Estate industries.  Prior to joining Grant Thornton, Jason was an auditor with a global accounting firm.  Jason is a graduate of the University of Delaware with a Bachelor’s of Science in Accounting. He also has an MBA from Temple University, with a concentration in International Business.

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