MBA's Accounting & Financial Management Conference 2019

2019 Schedule

The schedule below is subject to change.

Note: Meeting rooms may change. Please refer to the MBA Events mobile app, available in both the App Store and Google Play, on-site for final locations.

Download Agenda Editable Agenda

Tuesday, November 19, 2019

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    Objectives:
    Attendees should expect to understand:

    What is a Mortgage Servicing Right (MSR)?Understanding and deconstructing cash flow assumptionsDifferent accounting practices and regimesRelease? Retain? Hedge? - Moving or StorageOption-Adjusted Spread (OAS) vs StaticHow to think about RecaptureTuning your company's MSR modelLearn the best practices through a MSR valuation group exercise

    Who Should Attend?

    CFOs and Finance and Accounting staffMortgage Servicing Rights (MSR) managers and professionalsTreasury & Capital Market Executives

    Speakers:

    Al Qureshi, Managing Partner, Blue Water Financial Technologies
    Travis LaMar, Managing Director & Head of Capital Markets, Blue Water Financial Technologies

    Separate registration is required and space is limited.
    Attend both the conference and workshop and save $50 on each event, a total savings of $100. 

    REGISTRATION RATES
    By October 8/After October 8: Member $400/$600 - Nonmember $400/$600

    Email education@mba.org to register for the workshop or to receive the combined discount.

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    Join MBA Education and industry experts for this popular 3-hour crash course on the fundamentals of mortgage accounting. This annual workshop will be geared towards those new to accounting roles or those 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 will be more of an open forum where panelists will respond to areas of concern or difficulty from the audience. This will be a great opportunity to get your questions answered and hear what challenges your colleagues are encountering.

    WHO SHOULD ATTEND
    • Entry- and intermediate-level accountants
    • Non-CPA accounting and finance managers
    • Financial analysts
    • Auditors

    Separate registration is required and space is limited.
    Attend both the conference and workshop and save $50 on each event, a total savings of $100. 

    REGISTRATION RATES
    (BEFORE 10/1/AFTER 10/1) - Member $350/$400 - Nonmember $750/$825

    Email education@mba.org to register for the workshop or to receive the combined discount.

  • Registration

    Location: Marina Ballroom Foyer

    Registration

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    Discuss emerging issues and priorities for 2020. Topics include updates and discussions on on-going MBA projects, FASB initiatives and MBA involvement, and other member-requested accounting and financial management topics.

  • Exhibit Area Open

    Location: Marina Ballroom Foyer

    Exhibit Hours

  • Opening General Session: Economic and Mortgage Market Outlook

    Location: Marina Ballroom E


    Speaker(s)

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

    Fran Mordi, Associate Vice President, Financial Management, Tax and Accounting Policy, Mortgage Bankers Association

    Marina Walsh, Vice President, Industry Analysis, Research and Economics, Mortgage Bankers Association

    General Session,

    CREF Track

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    The outlook for the economy and the mortgage market remains highly uncertain, with conflicting indicators on the health of the overall economy, the direction of interest rates and the strength of the housing market. MBA’s chief economist will provide perspective on economic growth, consumer spending, employment, monetary policy and other topics impacting the outlook. Also covered- the latest on demographic trends and other factors impacting housing construction, home sales and home prices. Don’t miss the signature outlook on purchase and refi originations as well as mortgage rates for 2020 and beyond.

    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 MISMO and serves on the CSP's Industry Advisory Group and the membership committee of MERS. Prior to joining MBA, Fratantoni worked in the industry in risk management and senior economist roles at Washington Mutual and Fannie Mae.

    Fran Mordi, Associate Vice President, Financial Management, Tax and Accounting Policy, Mortgage Bankers Association

    Fran Mordi joined the Mortgage Bankers Association in May of 2017 after 20 years of post-Law school experience in the areas of tax and accounting.  Prior to joining MBA, Fran worked at the American Bankers Association and Deloitte Tax, LLP on domestic and international tax issues impacting the financial services industry.  Fran has specific expertise in putting together training sessions and presenting at bank tax conferences and panels.  Fran has extensive experience working with the banking regulators, FASB, the Treasury and Congress as an advocate of the financial services industry. Fran holds a J.D. from New England Law School, Boston, MA, and an LL.M in Taxation from Georgetown University Law School, Washington, DC. 

    Marina Walsh, Vice President, Industry Analysis, Research and Economics, Mortgage Bankers Association

    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 close to twenty years. Currently, she leads the management and direction for the annual and quarterly Mortgage Bankers Performance Reports, the Servicing Operations Study and Forum, the Peer Group Survey and Roundtable Program, the Mortgage Banking Compensation Survey Program and other ad hoc surveys and policy analyses. She is also MBA's spokesperson for the Quarterly National Delinquency Survey.  In addition, Walsh conducts specialty workshops, symposiums 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 all of the major trade publications as well as national and local newspapers. She is a frequent speaker at MBA and other industry events and conferences.  Walsh was named to HousingWire's "2016 Women of Influence" list. The list, which is based on nominations from the industry, highlights women who are making significant contributions to mortgage banking and real estate.  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.

  • Refreshment Break in the Exhibit Area

    Location: Marina Ballroom Foyer

  • Commercial/Multifamily Real Estate Finance Forecast

    Location: Marina Ballroom D


    Speaker(s)

    Jamie Woodwell, Vice President, Research & Economics, Mortgage Bankers Association

    Breakout Session,

    CREF Track

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    Interest rates, cap rates, the Fed, property values, new supply and loan performance are all top concerns for mortgage professionals. MBA’s Vice President of Commercial Real Estate Research provides his outlook for commercial real estate finance markets.

    Speaker(s)

    Jamie Woodwell, Vice President, Research & Economics, Mortgage Bankers Association

  • The Economics of Mortgage Production

    Location: Marina Ballroom E


    Speaker(s)

    Marina Walsh, Vice President, Industry Analysis, Research and Economics, Mortgage Bankers Association

    Breakout Session,

    Residential Track

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    Get the latest data on production performance, including revenues, costs, overall profitability, productivity and turn times.  Find out how other mortgage lenders – whether banks, IMBs, small or large – are faring in this market.   Also covered will be perspectives on all four production channels - Retail, Consumer Direct, Broker Wholesale, Correspondent as well as technology’s role in improving operations.  (A separate session on the economics of mortgage servicing takes place later in the conference agenda.)

    Speaker(s)

    Marina Walsh, Vice President, Industry Analysis, Research and Economics, Mortgage Bankers Association

    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 close to twenty years. Currently, she leads the management and direction for the annual and quarterly Mortgage Bankers Performance Reports, the Servicing Operations Study and Forum, the Peer Group Survey and Roundtable Program, the Mortgage Banking Compensation Survey Program and other ad hoc surveys and policy analyses. She is also MBA's spokesperson for the Quarterly National Delinquency Survey.  In addition, Walsh conducts specialty workshops, symposiums 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 all of the major trade publications as well as national and local newspapers. She is a frequent speaker at MBA and other industry events and conferences.  Walsh was named to HousingWire's "2016 Women of Influence" list. The list, which is based on nominations from the industry, highlights women who are making significant contributions to mortgage banking and real estate.  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.

  • Refreshment Break in the Exhibit Area

    Location: Marina Ballroom Foyer

    Refreshment Break

  • Ask the Auditors

    Location: Marina Ballroom E


    Speaker(s)

    Kevin Conte, Partner, Plante Moran

    Paul Chiarelli, CPA, Partner, Acquavella, Chiarelli, Shuster LLP

    Tullus Miller, Partner, Moss Adams, LLP

    Breakout Session,

    Residential Track

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    In our interactive Q&A session, experts discuss timely accounting and audit topics, and share their view on major FASB projects. This is your chance to have your questions on current and upcoming accounting standards updates, and audit issues and challenges answered. Topics include: accounting for interest rate lock commitments, best practices to avoid year-end journal entries; consolidating financial statements; Lower of Cost or Market (LOCOM) vs. Fair Value (FV) accounting; classification and measurement of financial instruments; accounting for leases; and more.

    Speaker(s)

    Kevin Conte, Partner, Plante Moran

    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.

    Paul Chiarelli, CPA, Partner, Acquavella, Chiarelli, Shuster LLP

    Paul Chiareli, CPA, is an Audit Partner at ACS and services various industries, including mortgage banking, private lending, private equity, asset-based lenders, among others. The services provided include financial statement audits, internal control analysis, subservicing oversight, quality of earnings, etc. In addition, Paul provides consultation services with respect to various mortgage banking issues, including derivatives, allowance for loan losses, leases, regulatory changes and tax matters. Paul has a B.S. in accounting and finance from Rutgers University.

    Tullus Miller, Partner, Moss Adams, LLP

    Tullus has more than 20 years of experience primarily serving commercial loan and banking organizations, credit unions, mortgage banking companies, 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.

  • Ask the Auditors (CREF Track)

    Location: Marina Ballroom D


    Speaker(s)

    Steve J. Robertson, Partner, PwC

    Dave Antonson, CPA, Senior Manager, Financial Services, RSM

    Jeff Majewski, Executive Managing Director, CBRE

    Breakout Session,

    CREF Track

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    Straight from the horses’ mouths, get auditors’ perspectives on what today’s key accounting and financial management issues are for commercial and multifamily mortgage finance firms

    Speaker(s)

    Steve J. Robertson, Partner, PwC

    Steve Robertson is a Partner in PwC’s Financial Services practice. Steve provides mortgage asset valuation and risk management advisory services to various commercial and consumer finance companies, bank affiliated mortgage companies, and government agencies including commercial real estate, multifamily, and residential mortgage originators and servicers. Steve supports some of PwC’s largest Financial Services audit clients by auditing model-based critical accounting estimates including valuation of commercial / multifamily / residential mortgage servicing assets, whole loans, and allowance for loan losses. His experience with mortgage servicing assets includes a wide range of Fannie Mae, Freddie Mac, FHA, VA, CMBS, Life Insurance Company, and private investor programs.  Steve has led several digital labor initiatives, including piloting the use of robotic process automation for operational processes and audit procedures.

    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.

    Dave Antonson, CPA, Senior Manager, Financial Services, RSM

    Dave Antonson is a financial service professional aligned with the assurance practice at RSM US LLP.  Dave is a senior manager with 19 years of experience in mortgage banking, financial institutions and real estate investment funds. He works with clients across the mortgage banking industry as his clients include commercial, forward and reverse mortgage companies.

    Dave primarily serves his clients with financial statement and compliance audits along with consulting on accounting matters. His mortgage banking specializations include FHA and Ginnie Mae audits as well as Regulation AB, USAP and MERS examinations.

    Jeff Majewski, Executive Managing Director, CBRE

    Mr. Majewski is the Chief Operating Officer of the Debt & Structured Finance group within CBRE Capital Markets.  Mr. Majewski has extensive experience in the origination, structuring, placement, closing and servicing of commercial real estate debt for life insurance companies, pension funds, Agencies and Wall Street sources.

    Prior to returning to CBRE, Mr. Majewski was the Executive Managing Director of Grubb & Ellis’ Capital Markets Group.  During his 27 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.

  • The Economics of Mortgage Servicing

    Location: Marina Ballroom G


    Speaker(s)

    Seth Sprague, Principal, STRATMOR Group

    Breakout Session,

    Residential Track

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    It’s “all things servicing” in this comprehensive panel that will cover profitability, expenses, productivity, delinquency outlook, retention statistics and the bulk and co-issue market for mortgage servicing rights.  To top it off, we will discuss servicing business from the standpoint of different market players – banks vs. independents, government servicers vs. conventional servicers – and the unique prospects and challenges facing each of these players.

    Speaker(s)

    Seth Sprague, Principal, STRATMOR Group

    Seth Sprague joined STRATMOR Group as a Principal early in 2019 with more than 20 years of mortgage banking and servicing valuation experience. Seth specializes in mortgage servicing rights (MSRs), servicing, cash flows, liquidity and mortgage profitability strategies.

    Prior to joining STRATMOR, Seth served as EVP of Trading & Analytics at PHOENIX, an advisory firm for MSR and whole loan trading, mortgage services and analytics. His primary responsibilities at Phoenix included managing bulk and flow MSR transactions and strategic valuation solutions to meet the needs of PHOENIX clients. Additionally, Seth served as Senior Vice President—Servicing Asset Manager at SunTrust Mortgage for more than 10 years, where he led the servicing rights valuation team.

    In 2018, Seth was selected as Secretary of the MBA’s Certified Mortgage Banker (CMB) Society and serves on several committees with the Mortgage Bankers Association (MBA) including the Financial Management Steering Committee, MBA’s Servicing Council for the 21st Century, MBA’s BASEL III and the Servicing Compensation Working Group. Seth is a frequent speaker at various MBA and other industry conferences, often speaking on liquidity and the overall challenges present in the mortgage industry. An instructor with the MBA’s School of Mortgage Banking (SOMB) program since 2007, Seth teaches “Servicing/MSR Day” and is an instructor for the MBA School of Mortgage Servicing. In 2019, Seth taught “The Secondary Market” for NAMMBA (The National Association of Minority Mortgage Bankers of America).

  • General Session: Fighting Fraud and Protecting your Bottom Line

    Location: Marina Ballroom E


    Speaker(s)

    Benjamin B. Wagner, Partner-in-Charge, Gibson, Dunn & Crutcher, LLP

    General Session,

    Residential Track,

    CREF Track

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    Fraud is a key business risk for all real estate finance firms.  While fraud has been a concern for years, changes in cyber and other fraud techniques are making the risks harder to spot and potentially more impactful.  Hear about the latest trends in fraud and how mortgage and commercial/multifamily real estate finance companies are responding.

    Speaker(s)

    Benjamin B. Wagner, Partner-in-Charge, Gibson, Dunn & Crutcher, LLP

    Benjamin B. Wagner is the Partner-in-Charge of Gibson, Dunn & Crutcher's Palo Alto office. He is a member of the firm's White Collar Defense and Investigations, False Claims Act, FCPA, and Cybersecurity Practice Groups. Mr. Wagner is a Chambers-ranked attorney in White Collar Crime and Investigations, and is listed in the 2020 edition of Best Lawyers in America® for white collar criminal defense. He is an experienced trial and appellate attorney, having tried 18 felony criminal cases in federal court, and argued over a dozen times before the Ninth Circuit and the Fifth Circuit.

    Prior to joining Gibson Dunn, Mr. Wagner served as United States Attorney for the Eastern District of California from November 2009 through April 2016. Appointed by President Obama, he oversaw the district’s three offices and 175 employees. During his tenure, he was appointed to the Attorney General’s Advisory Committee, and served as co-chair of the White Collar Crime Subcommittee. For five years he co-chaired a national multi-agency mortgage fraud working group.  Before his appointment as U.S. Attorney, he served as an Assistant U.S. Attorney and as a supervising AUSA for 17 years, handling investigations, trials and appeals in a wide variety of criminal matters.

    He earned his Juris Doctor from New York University School of Law, and received his undergraduate degree from Dartmouth College.

  • Exhibit Hours,

    Networking Opportunities,

    Reception

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