AFM20

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Wednesday, December 9, 2020

  • Welcome Remarks and State of the Industry


    Speaker(s)

    Robert Broeksmit, CMB, President & Chief Executive Officer, Mortgage Bankers Association

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    Join us for an overview of the state of the industry with MBA’s President and CEO, Bob Broeksmit.

    Speaker(s)

    Robert Broeksmit, CMB, President & Chief Executive Officer, Mortgage Bankers Association

    Robert (Bob) Broeksmit is President and CEO of the Mortgage Bankers Association (MBA). Bob is a senior finance executive and corporate officer with a 33-year career in the mortgage sector. He has directed all aspects of lending activities, including marketing, sales, operations, secondary marketing, loan servicing, and default management.  He has also served as a mortgage underwriting expert testifying on many large, high-profile cases.   

    Prior to joining MBA in 2018, Bob served as President and Chief Operating Officer with Treliant, heading the firm's mortgage litigation support practice and serving diverse financial services clientele including large banks, independent mortgage lenders, community banks, credit unions, and service providers to the mortgage industry.  As a Washington-based financial services consultancy, Treliant's mortgage practice included strategic advisory for executive management and corporate boards; litigation defense, including file reviews, litigation strategy, expert reports, and expert testimony; CFPB examination preparation and implementation of mortgage regulations promulgated by the CFPB and other regulators; and operational aspects of mortgage banking, ranging from origination to servicing and loss mitigation.  

    Before Treliant, Bob held senior leadership positions in the mortgage business, including fourteen years with Chevy Chase Bank (including after its purchase by Capital One), where he was Executive Vice President and President of its B.F. Saul Mortgage Company subsidiary. Bob also was a Vice President at Prudential Home Mortgage for seven years.  He has overseen annual originations of $9 billion, a balance sheet of $10 billion in residential mortgages, and a servicing portfolio of $20 billion.  He also held positions at Great Western Mortgage, Krupp Residential Mortgage, and The Money Store.

    Bob has served as the Chairman of the Mortgage Bankers Association's Residential Board of Governors and as a member of its Board of Directors.  Firms under his leadership have garnered multiple awards for servicing operations excellence, including Freddie Mac's Tier One and Hall of Fame designations. He is a Certified Mortgage Banker (CMB) and a graduate of Yale University.

  • CREF Opening Session: Market Outlook


    Speaker(s)

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

    James Woodwell, Vice President, CRE Research & Economics, Mortgage Bankers Association

    Read more Read less

    Uncertainty abounds in commercial real estate markets, with some property types acting counter-cyclically (industrial), some seeing years of change compressed into months (retail) and some apparently dealing with a major economic speed bump (multifamily). Learn the latest about the economy and CRE finance markets as we look ahead to 2021.

    Speaker(s)

    Michael Fratantoni, Ph.D., Chief Economist and Senior Vice President of Research and 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.  He received a Ph.D. in economics from Johns Hopkins University and a B.A. in economics from The College of William and Mary, and has served as an adjunct professor at the University of Washington, and Johns Hopkins, George Washington, and Georgetown Universities.

    James Woodwell, Vice President, CRE Research & Economics, Mortgage Bankers Association

    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 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.

  • Single-family Opening Session: Mortgage Market Outlook


    Speaker(s)

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

    Marina Walsh, CMB, Vice President, Industry Analysis, Mortgage Bankers Association

    Read more Read less

    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 will provide perspective on the state of the economy, mortgage market and lender and servicer performance, and shed light on what we can expect in the coming year.

    Speaker(s)

    Michael Fratantoni, Ph.D., Chief Economist and Senior Vice President of Research and 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.  He received a Ph.D. in economics from Johns Hopkins University and a B.A. in economics from The College of William and Mary, and has served as an adjunct professor at the University of Washington, and Johns Hopkins, George Washington, and Georgetown Universities.

    Marina Walsh, CMB, Vice President, Industry Analysis, 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. She holds a bachelor's degree from Cornell University and a Master of Public Administration degree from Columbia University.

  • Accounting & Tax Track: COVID-19 Impact on Accounting


    Speaker(s)

    Graham Dyer, Partner, Accounting Principles Consulting Group, Grant Thornton, LLP

    Brandon Coleman, Partner and Deputy Leader of Accounting and Reporting Services, Deloitte

    Matthew Streadbeck, Partner - Banking and Capital Markets, Ernst & Young LLP

    Read more Read less

    COVID-19 has resulted in challenges to the accounting & financial reporting of companies. Join us to explore impacts of some of the provisions enacted in response to the pandemic, including allowance for loan loss, hedging, impairment, accounting impact of forbearance on Ginnie Mae loan buyout program, modification accounting, and other general accounting considerations related to COVID-19.

    Speaker(s)

    Graham Dyer, Partner, Accounting Principles Consulting Group, Grant Thornton, LLP

    Graham is a Partner in the Accounting Principles Group within the National Professional Standards Group of Grant Thornton, LLP.  Graham provides thought leadership to clients regarding complex accounting matters, with a focus on accounting for investments in financial instruments, transfers of financial instruments, consolidations, business combinations and corporate reorganizations in his role in the National Office.  Graham has contributed to multiple technical committees, including the FASB’s Transition Resource Group for Credit Losses, IASB’s IFRS 9 Impairment Transition Group, the Mortgage Bankers Association’s Financial Management Committee, and the Grant Thornton International Financial Instruments Working Group.  Additionally, Graham is a member of the AICPA’s Depository Institutions Expert Panel and the GPPC Bank Working Group.  Graham has experience auditing commercial banks, mortgage companies, investment companies and broker/dealers.

    Brandon Coleman, Partner and Deputy Leader of Accounting and Reporting Services, Deloitte

    Brandon has more than 20 years of experience in the accounting and financing field, including years of Corporate experience within the banking and mortgage industry.  Brandon currently serves as the Deputy Leader of Accounting and Reporting Services (“ARS”) and Partner in Charge of ARS in Chicago.  In addition, Brandon is a Deputy Industry Professional Practice Director for the Banking & Finance Industry.  In his role as Deputy Leader of ARS, Brandon is responsible for financial statement presentation, contingencies, consolidation, financial instruments, foreign currency, leasing and real estate transactions. Prior to rejoining Deloitte in 2012, Brandon served as Deputy Controller and head of Accounting Policy in the Real Estate Lending division of Citigroup, 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.

    Matthew Streadbeck, Partner - Banking and Capital Markets, Ernst & Young LLP

    Matt is an EY Banking and Capital Markets (BCM) partner.  Matt has over twenty (20+) years of experience auditing mortgage lenders and servicers, Real Estate Investment Trusts (REIT), and insured depository institutions. 

    Matt has significant experience with accounting and auditing matters related to the allowance for credit losses (ACL) and the valuation of loans, securities and mortgage servicing rights (MSRs).  Matt has significant experience with Securities and Exchange Commission (SEC) filings as well as application of Section 404 the Sarbanes-Oxley. 

    Matt leads EY’s Mortgage Banking Network. 

  • CREF Track: Ask the Auditors


    Speaker(s)

    Charlie Shannon, Partner, Moss Adams, LLP

    Daniel O'Keefe, Director, Banking & Capital Markets, PwC

    Deborah Jones, Partner, Ernst & Young LLP

    Read more Read less

    The pandemic has dramatically changed the outlook for commercial real estate. It has also fostered changes to firm-level, regulatory and other approaches to CRE finance accounting. Leading accountants discuss key issues — from MSRs to CECL — and how commercial real estate finance firms are adapting to the current environment.

    Speaker(s)

    Charlie Shannon, Partner, Moss Adams, LLP

    Daniel O'Keefe, Director, Banking & Capital Markets, PwC

    Dan is a Director in PwC’s Banking & Capital Markets (BCM) practice. Dan leads the audits of several large financial institutions with experience that includes auditing critical accounting estimates, multifamily and residential loan portfolios, variable interest entities, loan and security valuation and allowance for loan loss. This experience includes assisting financial institutions with their implementation of ASU 2016-13 (CECL).

    Dan holds a BS in Accounting and BS in Finance from University of Maryland, College Park. He is a certified public accountant since with licensure in Virginia and is a member of the AICPA and Virginia Society of Certified Public Accountants.

    Deborah Jones, Partner, Ernst & Young LLP

    Debbie is a partner in EY’s Financial Services Office (FSO), with more than 20 years of experience serving global clients primarily in the Banking & Capital Markets practice, including mortgage lenders and servicers, global investment banks and commercial banks. Her client base includes SEC registrants, regulated banking institutions and other regulated entities such as CFTC registered futures commission merchants and SEC registered broker-dealers. She recently spent three years in EY’s National Accounting practice, supporting teams on financial instrument topics, including fair value measurements and credit impairment. In this role she worked directly with EY’s global professional practice network, consulting with audit teams on technical accounting matters. Debbie is the FSO’s Initial Public Offering Leader, supporting EY clients and teams through the IPO journey and IPO readiness, including the SEC registration process.

  • Financial Management Track: Treasury and Cash Management – Strategies to Reduce Risk


    Speaker(s)

    Pam Cooper, CMB, Chief Financial Officer, Citywide Home Loans/CHL Mortgage

    Jeff Neufeld, Director, Mortgage Finance Banking, Flagstar Bank, FSB

    Kirstin McMullen, Chief Financial Officer, The Money Source Inc.

    Michael Chen-Young, President, AlignIQ, LLC

    Read more Read less

    Even at a time of record production profits, which may mask future challenges, lenders and servicer could be hit with cash crunches, as seen with the March margin calls. Especially with rising delinquencies, likelihood of increased repurchase activity and renewed regulatory and GSE focus on liquidity, lenders, and particularly servicers, must manage their cash prudently. Practitioners discuss ways they are managing cash now for potential future needs.



    Speaker(s)

    Pam Cooper, CMB, Chief Financial Officer, Citywide Home Loans/CHL Mortgage

    As a 30 year veteran of the mortgage industry, Pam has worn many hats on the financial management side of the business.  She got her start in in Orange County, California in the 1980’s while still a college student at UC Irvine and was part of the team that took the original Plaza Home Mortgage public.  She went on to various accounting and finance roles, including 10 years with Deloitte where she served as an industry specialist in the Audit and Advisory Practice.  She was part of the restructuring team at Aurora Loan Services after the bankruptcy of Lehman Brothers, and is currently Chief Financial Officer at Citywide Home Loans, a $3 billion IMB in Salt Lake City.  A CPA and a CMB, she is also beginning her 2 year term as Chair of the MBA’s Accounting and Finance Committee.

    Jeff Neufeld, Director, Mortgage Finance Banking, Flagstar Bank, FSB

    Kirstin McMullen, Chief Financial Officer, The Money Source Inc.

    Kirstin brings more than 25 years of financial management experience to TMS. Kirstin is an expert in financial planning and monitoring, ensuring the financial health of TMS as it continues to grow. Kirstin is a change catalyst utilizing best in class technology to maximize efficiencies, improve management reporting and control costs. Prior to this position, Kirstin was CFO at Computershare Loan Services. Her mortgage industry financial background includes experience in raising debt and equity, M&A transactions, financial modeling and budgeting, overseeing production of audited financial statements and corporate governance.

    Michael Chen-Young, President, AlignIQ, LLC

    Michael Chen-Young is the President of AlignIQ, LLC, a consultancy specializing in Finance, Data & IT.  Michael helps CFOs to implement key initiatives with project management, system & data implementations, and integrated forecasting & reporting. Recent examples: IMB profitability & liquidity; REIT profitability; servicer operations; investment reporting; CRE operations & healthcare profitability.  Previous roles include Prospect Mortgage’s Deputy CFO & Treasurer; Fannie Mae’s VP, Strategic Analytics, Finance Transformation, FP&A; and Greensmith Energy’s CIO.  Michael has a PhD in Economics from the University of Maryland and a BA in Mathematics & Economics from the College of William & Mary.

  • Accounting & Tax Track: Mortgage Accounting 101


    Speaker(s)

    Fran Mordi, AMP, AVP-Financial Management, Tax and Accounting Policy, Mortgage Bankers Association

    Henry Chavez, Principal, Spiegel Accountancy Corp.

    Paul Chiarelli, Partner, Acquavella, Chiarelli, Shuster, LLP.

    Kathryn Ferriman, Vice President, Analytics, SitusAMC

    Read more Read less

    Back to basics! This session will help professionals new to the industry, or who just need a refresher, to gain an understand the important basics, such as:
    loan production revenue and expense; loans held for sale; MSR asset; loan sales and securitizations; servicing revenues and expenses; and more!

    Speaker(s)

    Fran Mordi, AMP, AVP-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. 

    Henry Chavez, Principal, Spiegel Accountancy Corp.

    Henry Chavez serves as a strategic resource for growing organizations, guiding their development and success. A seasoned public accountant, Henry provides 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, working 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 holds 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, acted as a speaker for the California Mortgage Bankers Association, and provides training courses on financial accounting and reporting issues to the mortgage industry.

    Paul Chiarelli, Partner, Acquavella, Chiarelli, Shuster, LLP.

    Paul Chiarelii, CPA, is an Audit Partner at ACS and services various industries, including mortgage banking, private lending, real estate/multi-family, 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.

    Kathryn Ferriman, Vice President, Analytics, SitusAMC

    Kathryn M. Ferriman joined SitusAMC as Vice President, Analytics in early 2020, with more than 10 years of experience focused on analytics, advisory and valuation services for mortgage servicing rights (MSRs). Before her time at SitusAMC, she was MSR Valuation Manager at Citizens Bank, where she was responsible for overseeing daily valuations for the servicing rights valuation team.  Previously, she was Vice President of Analytics at PHOENIX, where she focused on MSR valuation services and client relationships. She also teaches as part of the MBA’s School of Mortgage Servicing online program, focusing on MSR management day.

  • CREF Track: CECL, RBC and other Changes in 2020, and 2021


    Speaker(s)

    Bruce Oliver, Associate Vice President, Commercial/Multifamily Policy, Mortgage Bankers Association

    Andrew Foster, Associate Vice President, CREF, Mortgage Bankers Association

    Joseph McBride, Head, CRE Finance, Trepp, LLC

    Read more Read less

    2020 saw changes in troubled debt structure and risk-based capital guidance for banks, life companies, the GSEs and more, as well as the first wave of CECL implementation. This session details what’s changed and what is still on the table.

    Speaker(s)

    Bruce Oliver, Associate Vice President, Commercial/Multifamily Policy, Mortgage Bankers Association

    Bruce Oliver is Associate Vice President of Commercial/Multifamily Policy at MBA. In that capacity, he conducts analysis and advocacy on public policy matters that affect MBA’s commercial/multifamily members. Among other areas, this includes regulatory reform, HMDA, tax reform, GSE reform, Davis-Bacon and other FHA issues, and policy implications of commercial/multifamily innovation. Prior to joining MBA, Bruce was compliance consultant with PwC, regulatory counsel at Freddie Mac, white collar criminal defense attorney with Williams & Connolly, staff attorney at the OCC and US Treasury,. Prior to his legal career, Bruce was a practicing chemist.

    Andrew Foster, Associate Vice President, CREF, Mortgage Bankers Association

    Andrew Foster is Associate Vice President of Commercial Real Estate with the Mortgage Bankers Association where he focuses on member engagement and CMBS policy. Foster brings a strong background in securitization and loan workouts to the Association through prior work experience with MBA member firms. Prior to joining MBA, Foster spent several years at Fitch Ratings as a director in CMBS responsible for servicer operational risk reviews. Prior to joining Fitch Ratings, Foster spent four years at S & P Global in CMBS as an associate director responsible for servicer evaluations. He began his career in commercial real estate finance with C-III Asset Management as an asset manager responsible for the management and disposition of a portfolio of REO properties and defaulted mortgage loans. He is a regular contributor to MBA Newslink and Commercial/Multifamily Newslink.

    Joseph McBride, Head, CRE Finance, Trepp, LLC

    Joseph McBride, CFA, Head of CRE Finance at Trepp, is a key leader of the firm’s product development and market research initiatives. He leads Trepp’s Commercial Real Estate and Banking businesses that support clients that invest, lend, broker, value, and risk manage commercial real estate (CRE) assets.  Mr. McBride works closely with clients and industry groups to build and enhance data, models, and analytics that drive client investment decisions and streamline their work. His market analysis is frequently cited in publications such as Crain’s, Wall Street Journal, various regional business journals and other media that monitor the CRE market.

     

    As a liaison to banks and other financial institutions, Mr. McBride has helped data teams in integrating Trepp loan data into bank proprietary systems. His responsibilities include helping clients incorporate the data, develop applicable modeling data sets, and determine an approach for the process of building a “bottom-up” CRE stress testing model. Mr. McBride also helped to develop Trepp’s proprietary CRE Default Model for use in risk scoring processes and CECL reserving. Prior to his research and bank support, Mr. McBride led Trepp’s internal public relations team. He is one of Trepp’s trusted press contacts providing data, commentary, and analysis about the US CMBS and CRE markets to financial publications.

     

    Mr. McBride is a regular contributor to TreppWire™, Trepp’s own widely read daily market commentary newsletter distributed to clients and industry leaders; TreppTalk™, the firm’s blog; and Commercial Real Estate Direct Mid-Year and Year-End, biannual magazines and with in-depth market analysis. Mr. McBride is also co-host of the TreppWire Podcast, a show listened to and followed by many in the CRE and CMBS industry.

     

    Mr. McBride began his career as an intern with Trepp’s Bond Finance team while he studied Finance at Fordham University. Upon graduating, he returned to Trepp fulltime in 2012 as a Research Analyst. Mr. McBride holds a BS and MBA in Finance and is an Adjunct Professor of Finance at Fordham University.

  • Financial Management Track: Secondary Marketing Alternatives in the COVID-19 Era


    Speaker(s)

    Philip Rasori, Chief Operating Officer, Mortgage Capital Trading, Inc.

    Joaquin (Ken) Torre, Executive Vice President, Capital Market, First Guaranty Mortgage Corporation

    Read more Read less

    Margin calls in the spring of 2020, and other market conditions related to the pandemic, have caused many mortgage companies to re-evaluate their existing secondary marketing execution strategy. Based on what we know today and a company’s risk tolerance, learn what secondary and hedging alternatives can be deployed so that a company can squeeze every basis point out of the loan or MSR asset.

    Speaker(s)

    Philip Rasori, Chief Operating Officer, Mortgage Capital Trading, Inc.

    Mr. Rasori is a recognized thought-leader in capital markets operations within the mortgage banking community. His areas of expertise include complex financial modeling, computational dynamics, and linear programming for operational optimization. He developed the ground-breaking mortgage pipeline hedging algorithms that form the foundation of MCT’s HALO Program today. He has also pioneered several metrics that have become standard industry parlance, including “beta pull-through” factors. In addition to banking clients, Mr. Rasori has consulted with GSE agencies and the US Government on hedging best practices for community banks. Mr. Rasori has functionally led MCT operations since 2005 and ascended to his current role as COO in 2007.

    Joaquin (Ken) Torre, Executive Vice President, Capital Market, First Guaranty Mortgage Corporation

    Ken is an EVP, Capital Markets with First Guaranty Mortgage Corporation responsible for Secondary Marketing, Margin Management and Analytics. Ken hails from Plano, Texas and has worked for FGMC for 4 ½ years. He was also head of Capital One’s  Capital Markets mortgage division, and has worked at Bank of America in Corporate Margin Management. Ken is also a Certified Public Accountant and worked for PwC in an advisory role in their Consumer Finance Group practice mainly consulting on Capital Markets issues. Ken is also a private pilot and enjoys traveling the country.

  • Accounting & Tax Track: Taxation and Benefits Issues


    Speaker(s)

    Jeffrey Spiegel, Principal and Founder, Spiegel Accountancy Corp.

    Kristine Hoeflin, Partner, Moss Adams, LLP

    Brad Marckx, Partner, BKM Sowan Horan, LLP

    Read more Read less

    There are many tax issues that impact your bottom line. This panel addresses how to handle issues such as the paycheck protection program, information reporting and other tax provisions of recent bills impacting the mortgage industry, and provide best practices in purchasing healthcare benefits for employees.

    Speaker(s)

    Jeffrey Spiegel, Principal and Founder, Spiegel Accountancy Corp.

    Jeff Spiegel’s dynamic career as a Certified Public Accountant began to escalate when he established his own boutique firm in 1990. Spiegel Accountancy Corp is a full-service CPA firm with a particular focus in the mortgage banking and private equity lending and real estate industries.  Jeff developed a team of seasoned leaders who are dedicated to providing exceptional service, while actively partnering with clients to develop forward-thinking solutions for their businesses. Relationships are key with Spiegel. Clients trust them to be detailed and thorough in their approach and offer informed business decisions.  Due to his vast experience, Jeff is often sought out for speaking engagements, industry webinars, and providing relevant content for national publications. While he stays actively involved in the private lending and mortgage banking industries, outside the work arena, you will likely find Jeff in the crowd at a Golden State Warrior’s game or traveling the globe.

    Kristine Hoeflin, Partner, Moss Adams, LLP

    Kristine leads the tax practice for the firm’s Financial Services Group. She serves over 50 financial services companies throughout the year, ranging in size from start-up to multibillion-dollar public companies. She regularly speaks with owners, management teams, and boards to coach them in understanding and accounting for the tax impacts of various business plans. Her experience includes research and planning, business succession, reviewing tax returns and tax-related disclosures to financial statements, developing various tax planning strategies, tax accounting for mergers and acquisitions, Section 382 consulting, and representation of taxpayers before the IRS and state taxing agencies.

    Brad Marckx, Partner, BKM Sowan Horan, LLP

    Brad started his career approximately 25 years ago working as a revenue agent with the Internal Revenue Service (IRS). The background with the IRS and a Masters Degree in Taxation (MT) from University of Denver provides a solid foundation in helping businesses, both private and public. Brad’s area of concentration include federal and state tax planning and compliance , ASC 740, Accounting for income taxes (including documentation of uncertain positions), entity choice, and strategic plans and forecasts.  Brad’s clients benefit from tax strategies that work with the short and long range business objectives. Listening to individuals and management teams’ objectives and educating on the tax options provides a collaborative approach.  This may include state nexus, mergers and acquisitions, or other complex situations.  Brad enjoys the collaboration, the foundation of BKM Sowan Horan, that comes from working with dedicated professionals and managing a diverse group of clients which include the mortgage banking, real estate, construction, health care, energy and others. 

  • CREF Track: The GSEs and FHA: Navigating Production, Servicing and other Changes in the Government-backed Market


    Speaker(s)

    Sharon Walker, Associate Vice President, Multifamily, Mortgage Bankers Association

    Christopher Speaker, Senior Policy Analyst, Multifamily, Federal Housing Finance Agency

    C. Lamar Seats, Deputy Assistant Secretary, Office of Multifamily Housing Programs, U.S. Department of Housing and Urban Development

    Read more Read less

    Fannie Mae, Freddie Mac and FHA have seen strong volumes and robust changes in recent months. Representatives discuss changes important to your organization surrounding budgeting, forecasting and more.

    Speaker(s)

    Sharon Walker, Associate Vice President, Multifamily, Mortgage Bankers Association

    Sharon Walker is Associate Vice President, Multifamily, at the Mortgage Bankers Association.  She joined MBA in January 2018, making a move from Dallas to the DC metro area.  Prior to joining MBA, Ms. Walker worked at member firms such as RED Mortgage Capital, Walker & Dunlop, and PGIM (formerly Prudential Mortgage Capital Company).  She has extensive experience in multifamily real estate finance specifically in servicing and asset management having been responsible for managing portfolios of HUD insured properties including multifamily, assisted living and hospitals. Throughout her career, she has also had responsibility for direct management, training and development of asset managers, team leads and supervisors.  Ms. Walker graduated from DePaul University with a B.S. in Commerce.

    Christopher Speaker, Senior Policy Analyst, Multifamily, Federal Housing Finance Agency

    Chris joined FHFA in October 2018 as a Senior Policy Analyst in the Office of Multifamily Analytics and Policy, where he is focused on a number of issues including Enterprise MF loan purchase volume and safe transition away from LIBOR.  Prior to joining FHFA, Chris was a Director in PricewaterhouseCoopers’ (PwC) Structured Finance Group where he worked with clients on transactions through their entire lifecycle – from pre-closing due diligence, to on-balance sheet valuation, to responding to new accounting or regulatory standards. Chris began his career as a part of United Bank’s commercial real estate team in Washington, DC.  Chris holds a BS from Penn State University, an MBA from West Virginia University, and a MS in Finance from the Carey Business School at Johns Hopkins University.

     

    C. Lamar Seats, Deputy Assistant Secretary, Office of Multifamily Housing Programs, U.S. Department of Housing and Urban Development

    Lamar Seats joined the U.S. Department of Housing and Urban Development in May 2018 as the Deputy Assistant Secretary for the Office of Multifamily Housing Programs. Lamar brings more than 25 years of experience in commercial, market and affordable multifamily mortgage banking through his previous leadership roles with various lending institutions.  Immediately before beginning his Federal career with HUD, Lamar was a Managing Director at M&T Realty Capital Corporation where he was responsible for multifamily agency loan production with FHA, Fannie Mae, and Freddie Mac. Prior to that, he was CEO of Bellwether Enterprise Real Estate Capital LLC, Senior VP of Enterprise Community Investment, Inc., and Senior VP of Reilly Mortgage Group, respectively.  Lamar earned both his BS in Pharmacy and his MBA from the University of North Carolina at Chapel Hill.

  • Financial Management Track: State of Mortgage Servicing and the MSR Market


    Speaker(s)

    Marina Walsh, CMB, Vice President, Industry Analysis, Mortgage Bankers Association

    Seth Sprague, CMB, Principal, STRATMOR Group

    Mark Garland, Managing Director, MSR Pricing and Analytics, SitusAMC

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    Loans in forbearance, higher delinquencies and heavy prepayments are factors contributing to mortgage servicing market uncertainty. Learn about the state of the bulk and co-issue markets and MSR values across loan types and investor types. Included will be a discussion on potential operational and financial pain points and what it means for future servicer costs and productivity.

    Speaker(s)

    Marina Walsh, CMB, Vice President, Industry Analysis, 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. She holds a bachelor's degree from Cornell University and a Master of Public Administration degree from Columbia University.

    Seth Sprague, CMB, 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 2020/2021, Seth will serve as Chair as 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. Seth also teaches “The Secondary Market” for NAMMBA (The National Association of Minority Mortgage Bankers of America).

    Mark Garland, Managing Director, MSR Pricing and Analytics, SitusAMC

     Mark Garland is the Managing Director, MSR Pricing and Analytics for SitusAMC.  He leads the operations of SitusAMC’s residential mortgage servicing rights analytics team, which supports the company’s MSR valuation and transaction advisory services.  In this role, Mr. Garland oversees the research and modeling of the variables and scenarios affecting the value of MSRs, which involves bringing client’s MSR portfolios to market. Mr. Garland leads a team of 14 MSR asset experts and analysts; the largest MSR analytics teams in the industry. His philosophy on MSR analyses is to provide objective, transparent, and in-depth fair value estimates that go beyond summary-level and include relevant assumptions, market color, and inputs affecting the final valuation conclusion.

    Mr. Garland brings more than 30 years of experience in the mortgage and finance space. Before joining MountainView in 1997, Mr. Garland 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 Once Financial Services and Senior Auditor at Peat Marwick.

    Mr. Garland is a well-regarded industry resource and a regular speaker at industry events. On a monthly basis, his team produces a popular and well-attended MSR trends webinar.

     

     

Thursday, December 10, 2020

  • General Session: FASB Update


    Speaker(s)

    Fran Mordi, AMP, AVP-Financial Management, Tax and Accounting Policy, Mortgage Bankers Association

    Pam Cooper, CMB, Chief Financial Officer, Citywide Home Loans/CHL Mortgage

    Marla Lewis, CPA, Practice Fellow, Financial Accounting Standards Board (FASB)

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    Practice fellow Marla Lewis shares FASB’s current priorities, including:
    Post-implementation review process
    Response to COVID-19
    Technical Agenda Updates
    And more!


    Speaker(s)

    Fran Mordi, AMP, AVP-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. 

    Pam Cooper, CMB, Chief Financial Officer, Citywide Home Loans/CHL Mortgage

    As a 30 year veteran of the mortgage industry, Pam has worn many hats on the financial management side of the business.  She got her start in in Orange County, California in the 1980’s while still a college student at UC Irvine and was part of the team that took the original Plaza Home Mortgage public.  She went on to various accounting and finance roles, including 10 years with Deloitte where she served as an industry specialist in the Audit and Advisory Practice.  She was part of the restructuring team at Aurora Loan Services after the bankruptcy of Lehman Brothers, and is currently Chief Financial Officer at Citywide Home Loans, a $3 billion IMB in Salt Lake City.  A CPA and a CMB, she is also beginning her 2 year term as Chair of the MBA’s Accounting and Finance Committee.

    Marla Lewis, CPA, Practice Fellow, Financial Accounting Standards Board (FASB)

    Marla Lewis joined the FASB as a practice fellow in September 2020. In this role, she works on the Current Expected Credit Losses and Distinguishing Liabilities from Equity projects.  Prior to her fellowship, Marla was a senior manager in Deloitte’s Audit and Assurance Practice, specializing in the banking and securities industries. She served a large investment bank and financial technology company and also helped other companies with new accounting standard implementation.  At Deloitte’s National Office—Accounting and Reporting Services group, Marla focused on U.S. Security and Exchange Commission reporting, financial instruments, consolidation, and leasing.  She also worked extensively on International Financial Reporting Standards (IFRS) in these areas, and assisted clients with initial public offerings and other transactions, addressing complex accounting and reporting questions.  Marla graduated from University of Maryland—Smith School of Business with bachelor of science degrees in Finance and Accounting, and has an MBA from Indiana University—Kelley School of Business. She is a CPA in Connecticut and a member of the AICPA.

     

     

  • Accounting & Tax Track: Ask the Auditors


    Speaker(s)

    Kevin Conte, Partner, Plante Moran

    Tullus Miller, Partner, Moss Adams, LLP

    Nick Ward, Assurance Partner, Mortgage Banking, Richey May & Co., LLP

    Dustin Pfluger, Partner, CWDL, CPAs

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    Don’t miss your “virtual” chance to “Ask the Auditors!” Our auditors will answer all of your questions and provide useful insights and analysis into many audit issues and questions that will help you do your job better.

    Speaker(s)

    Kevin Conte, Partner, Plante Moran

    Kevin has been with Plante Moran for 34 years, serving a variety of financial service companies. As the leader of the firm's mortgage banking practice, he oversees assurance, tax, and consulting services to independent mortgage bankers, community banks and credit unions. Kevin is a frequent speaker at this conference as well as for credit union and banking industry groups regarding audit and accounting technical issues. His financial service experience also includes leasing companies, investment companies, private equity funds and broker-dealers. 

    Tullus Miller, Partner, Moss Adams, LLP

    Tullus has more than 25 years of experience primarily serving commercial loan and banking organizations, credit unions, mortgage banking companies, and other specialty lenders, 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.

    Nick Ward, Assurance Partner, Mortgage Banking, Richey May & Co., LLP

    Nick has over 14 years of public accounting experience focused on providing assurance and consulting services to private companies in a variety of industries. He joined Richey May to contribute his knowledge of financial services, manufacturing, construction, real estate and software development clients to the firm’s team. His focus in this area helps him to make complex financial information more accessible to his clients, empowering them to make informed decisions.  Nick currently serves as an Assurance Partner in the mortgage banking and specialty finance niches, where he has spent the last eight years primarily serving closely held companies. He works with clients that range in size and business model. Additionally, he is a member of the TMBA’s Regulatory/Compliance Committee.  Prior to joining Richey May, Nick worked for CliftonLarsonAllen in Denver, Colorado from 2006 to 2012. Nick was born and raised in Denver and now resides in Littleton, Colorado with his wife, and three children (two sons and a daughter). In his free time, Nick enjoys being outdoors with his family, playing golf and enjoying the mountains.

    Dustin Pfluger, Partner, CWDL, CPAs

    Dustin Pfluger, CPA is a Partner with CWDL, a rapidly growing assurance, tax and entrepreneurial services firm dedicated to serving the mortgage industry. He has over 16 years of audit experience with both public and private companies, and has spent the past 11 years focused exclusively on the mortgage industry. Dustin’s mortgage accounting expertise allows him to make complex financial information more accessible to his clients, empowering them to make informed decisions. He regularly speaks at industry conferences and webinars, and currently serves as a board member and a member of the executive committee of the TMBA.

  • CREF Track: Key issues for CREF CFOs


    Speaker(s)

    Patricia (Pat) Bailey, Chief Financial Officer, Real Estate, Principal Real Estate Investors

    Edwin Farah, Chief Financial Officer, PGIM Real Estate

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    Commercial real estate CFOs discuss how the pandemic has (and has not) affected their firms, and how they (personally and professionally) have worked through the challenges – from liquidity to LIBOR to technology -- and positioned their firms for what’s next.

    Speaker(s)

    Patricia (Pat) Bailey, Chief Financial Officer, Real Estate, Principal Real Estate Investors

    Pat is the Chief Financial Officer for the dedicated real estate group of Principal. She is responsible for financials for the real estate asset management businesses in the US and Europe. Prior to her current role, Pat served as a manager of investment accounting for mortgages and real estate and as the CFO role for Principal’s commercial mortgage backed securitization platform. She received a bachelor's degree in management and accounting from Upper Iowa University. Pat was formerly the chair of the CRE Finance Council's Accounting Policy Committee and The Mortgage Bankers Association's Financial Disclosure Committee – Commercial

    Edwin Farah, Chief Financial Officer, PGIM Real Estate

    Edwin Farah is Chief Financial Officer for PGIM Real Estate and Prudential Private Capital businesses. In this capacity, Ed is responsible for the financial reporting, planning and analysis, capital management and corporate finance functions of the business. Prior to this role, Ed was the Vice President and global head of finance leading PGIM Real Estate’s financial planning and analysis function.  Before joining PGIM Real Estate in 2015, Ed worked at Jefferies & Company and its predecessor firm, Prudential Futures, for 16 years. Most recently, he was managing director and chief financial officer of the Futures division where he was responsible for the financial functions, with an emphasis on the division’s capital requirements, financial planning and analysis in support of the firm’s growth, development and day-to-day business goals.  Previously, Ed held senior financial reporting and financial planning and analysis roles at Jefferies/Prudential Futures, Lazard Freres and Alliance Capital Management. Ed has a bachelor’s degree in finance and a master of business administration from Long Island University in New York.

  • Financial Management Track: M&A and Capital Raising Today – A Closer Look at Recent Deals


    Speaker(s)

    Lauren Pryor, Partner, Mayer Brown LLP

    Robert Losquadro, Senior Vice President, Houlihan Lokey

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    In the year 2020, we have witnessed several high-profile mortgage company IPOs, including blank check deal-making through special purpose acquisition companies (SPACs). We also continue to see more traditional mergers. Join us as we answer important questions, such as: What are the implications for privately owned mortgage entities and the industry at large? Will M&A activity be robust in 2021?

    Speaker(s)

    Lauren Pryor, Partner, Mayer Brown LLP

    Lauren Pryor is a Financial Services Regulatory & Enforcement partner and co-head of the Financial Institutions M&A group. Lauren focuses on M&A in the financial services industry, including complex stock and asset-based transactions, full equity deals, PE investments, JV arrangements and transfers of assets including residential mortgage loans, consumer loans, business purpose loans, mortgage servicing rights and credit card receivables. Lauren frequently represents depository institutions, financial sponsors, mortgage companies and investment funds in such matters.

    Robert Losquadro, Senior Vice President, Houlihan Lokey

    Robert Losquadro is a member of Houlihan Lokey’s Financial Institutions Group, where he focuses on advising financial services companies on M&A, capital-raising, and other corporate finance engagements.  Robert’s coverage area focuses on residential mortgage and real estate finance, including originators, servicers and technology and services providers.  Previously, Robert was an Associate at Milestone Advisors, LLC, in Washington, D.C., where he focused on specialty finance and mortgage finance M&A and capital-raising.  Prior to joining Milestone, he focused on distressed debt acquisitions and turnaround situations as an Analyst for the Denver-based investment firm Republic Financial Corp.

     

  • Accounting & Tax Track: Hedge Accounting, Pipeline Management and Accounting, and MSR Hedges


    Speaker(s)

    Mark Wilson, Founder, CWDL, CPAs

    Jennifer Hannah, AMP, Partner, Richey May & Co., LLP

    Alan Qureshi, Managing Partner, Blue Water Financial Technologies

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    In today’s competitive mortgage market, mortgage companies need to be aware of optimal accounting and prudent pipeline management practices, as well as understand how to account for IRLCs. Experts address business strategy, risk policies, target hedge ratios, financial statement accuracy and transparency, hedging decisions and what should drive those decisions.

    Speaker(s)

    Mark Wilson, Founder, CWDL, CPAs

    Mark Wilson, CPA is the founder of CWDL, a rapidly growing assurance, tax and entrepreneurial services firm dedicated to serving the mortgage industry. CWDL is passionate about helping entrepreneurs realize their goals through the development of key performance indicators (KPIs), tax planning and providing a clear understanding of business results.  Prior to starting CWDL, Mark found and sold a privately held independent mortgage bank, served as a CFO for multiple financial service firms, and participated in raising capital and M&A transactions. Mark’s background provides him with a unique “client-side” perspective that allows him to understand the needs of his clients.

    Jennifer Hannah, AMP, Partner, Richey May & Co., LLP

    In her 8 years as an assurance partner with Richey May, Jennifer Hannah’s leadership has helped expand and solidify the firm’s reputation as the premier mortgage practice in the country. Her commitment to clients and industry thought leadership was recently acknowledged by HousingWire when they named Jennifer a 2020 Woman of Influence. Jennifer immerses herself in the industry’s evolution so she can offer fresh insights to clients and colleagues alike.

    Alan Qureshi, Managing Partner, Blue Water Financial Technologies

    Alan P. Qureshi serves as Managing Partner of Blue Water Financial Technologies, with a primary focus on MSR hedge strategies, transaction management and FinTech Integration. With over 20 years of experience in the Capital Markets and Mortgage Industry, Alan oversees both the SEC Registered Investment Advisor and the FinTech subsidiaries of Blue Water. Prior to co-founding Blue Water with a like-minded team of innovators and capital markets experts in 2018, Alan served as the President of Incenter Portfolio Advisors, and as the Head of Mortgage Servicing Hedging and Hedging Analytics at U.S. Bank. Earlier in his career, Alan also held MSR, analytic, hedging and trading appointments for JP Morgan, Merrill Lynch and Diamondback Capital.  Al graduated from the University of Toronto with a bachelors degree in Applied Science and Engineering. Al also obtained his Master of Business Administration from New York University’s Stern School with a specialization in Finance and Economics.

  • CREF Track: Deal Flow in the New “Un-normal”


    Speaker(s)

    Hilary Provinse, Executive Vice President & Head of Mortgage Banking, Berkadia

    Wally Reid, Senior Managing Director, JLL Capital Markets

    Jeffrey Majewski, Executive Managing Director, Debt & Structured Finance, CBRE Capital Markets

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    Loan production is the life blood of commercial real estate finance firms, and the pandemic has slowed some channels while boosting others. Finance and accounting professionals will learn how deal flow has changed and where markets are expected to go from here. Speakers discuss financing differences by property type, capital sources and product type – all of which affect the underpinnings of your firm’s financials.

    Speaker(s)

    Hilary Provinse, Executive Vice President & Head of Mortgage Banking, Berkadia

    Hilary Provinse is the EVP, Head of Mortgage Banking for Berkadia Commercial Mortgage. In this role, Ms. Provinse oversees more than 148 experienced mortgage bankers and their teams located in 40 offices across the country.  These bankers serve clients across all multifamily and commercial real estate channels; including specialized teams with expertise in seniors housing and healthcare, hotels and hospitality, student housing, affordable housing and manufactured housing. Ms. Provinse ensures that clients benefit from our market leadership and deep relationships with diverse capital sources, including Berkadia’s 48 Life Company’s correspondents,  banks, CMBS, Debt Funds, Fannie Mae, Freddie Mac and HUD.

    Wally Reid, Senior Managing Director, JLL Capital Markets

    Wally is a Senior Managing Director in JLL Capital Markets, Americas' Houston office and co­ leader of the firm's  national debt and loan sales business lines.  He joins JLL as part of the HFF acquisition.  Wally started his career at HFF in 2003 and has extensive experience in arranging equity joint ventures, participating debt, loan sales and equity placement  transactions with life insurance companies, hedge funds, pension funds, separate accounts, banks and CMBS lenders.

    Jeffrey Majewski, Executive Managing Director, Debt & Structured Finance, CBRE Capital Markets

    Mr. Majewski is Executive Managing Director in 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.

    During his 30+ years of experience, Jeff has worked in every aspect of the commercial real estate finance business, from loan originations to loan servcicing, 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.

  • Financial Management Track: Ask the CFOs


    Speaker(s)

    Robert Truitt, Chief Financial Officer, Amerifirst Home Mortgage

    Felicia Kilger, Vice President, Home Lending Accounting Director, Umpqua Bank

    Quinn Brown, Chief Financial Officer, Axia Home Loans

    Dean Dwiggins, Senior Vice President and Director, Business Performance & Finance, South State Bank

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    Even when times are good, there are pain points to consider in the world of finance. Our signature panel of mortgage industry finance veterans discuss and debate the top financial and accounting challenges affecting the mortgage business today and into 2021. Find out what’s keeping your senior finance executives up at night and share your own questions with the group.

    Speaker(s)

    Robert Truitt, Chief Financial Officer, Amerifirst Home Mortgage

    Robert Truitt joined Amerifirst as Chief Financial Officer in January 2020. He is responsible for accounting, balance sheet and capital management, forecasting and budgeting, loan servicing, and strategic growth planning.  As CFO, he helps shape the company’s direction and strategy by providing critical assessments of its financial strengths, potential risks and opportunities, and works with the executive team to realize strategic objectives.  Rob brings more than a decade of industry experience to his role, having served in senior leadership roles in several Fortune 500 companies. He most recently served as CFO of Flagstar Bank’s Mortgage Division. There, he oversaw financial reporting, budgeting, forecasting, and strategic business intelligence and support for a network of 88 retail locations and a wholesale network of approximately 2,000 third-party mortgage originators. Before that, he served as Senior Vice President at Citizens Bank and held senior roles at JPMorgan Chase & Co. and Morgan Stanley.  He holds a Master of Business Administration (M.B.A.) focused in finance from the University of Connecticut and a Bachelor of Arts in economics from Ramapo College of New Jersey.

    Felicia Kilger, Vice President, Home Lending Accounting Director, Umpqua Bank

    Felicia Kilger is Vice President Accounting Director at Umpqua Bank, the West Coast’s largest community bank.  She is responsible for all accounting and financial analysis related to mortgage banking, including mortgage originations, servicing, incentives, forecasting, reporting and vendor management.  She is a CPA and holds an MBA degree.  Felicia’s career in accounting spans over 25 years and includes work as a college educator and community volunteer.

    Quinn Brown, Chief Financial Officer, Axia Home Loans

    Quinn has been in the Banking and Finance sector for over 35 years.  She began her career in “Banking Proper” in Texas and witnessed the turmoil of the banking crisis in the late 80’s and early 90’s.  She then moved with her family to the Great Northwest where she raised her children, and spent a  short time in the Dot-Com area before she became a Mortgage Banker.  Joining Axia Home Loans when it began in 2008 she oversees all financial processes and reporting.  Quinn has successfully completed the acquisition and integration of two companies and played a critical role in transitioning Axia Home Loans from an LLC to one of the few ESOP Mortgage banks in the country.

    Dean Dwiggins, Senior Vice President and Director, Business Performance & Finance, South State Bank

    Business Performance and Financial Leader with a proven track record of delivering increased profitability, heightened accountability and formalizing leadership processes in the financial services industry.  A leader who formulates and executes strategic solutions to improve financial and operations performance, regulatory compliance, loan quality and customer service while balancing the best interest of the organization. 

  • Accounting & Tax Track: Regulatory Changes and Updates


    Speaker(s)

    Fran Mordi, AMP, AVP-Financial Management, Tax and Accounting Policy, Mortgage Bankers Association

    Rob Johnson, Partner, Ernst & Young LLP

    Matthew Esposito, Partner, Grant Thornton, LLP

    Dan Fichtler, Associate Vice President, Housing Finance Policy, Mortgage Bankers Association

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    Keep up with all the legislative and regulatory developments that are important to the mortgage lending industry! Speakers discuss important developments, such as: LIBOR transition, CECL, CRA, CBLR, lease accounting, capital requirements and legislative updates.

    Speaker(s)

    Fran Mordi, AMP, AVP-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. 

    Rob Johnson, Partner, Ernst & Young LLP

    Rob is an assurance partner in EY Banking and Capital Markets practice and has spent 30+ years at EY serving a variety of clients within the financial services industry. Rob’s primary focus has been serving financial institutions including mortgage banking, commercial banking and capital markets clients.  Rob has extensive experience with SEC filings, corporate and retail lending across various asset types, including commercial and consumer lending, investment securities across various portfolio types and the related fair value measurements, derivatives, mortgage banking and servicing, and complex structured finance and transactions, including securitizations.

    Matthew Esposito, Partner, Grant Thornton, LLP

    Matt is a Partner in the Accounting Advisory Services practice of Grant Thornton LLP and is located in New York City.  Mr. Esposito has over 20 years of experience in the financial services industry, advising on technical accounting issues related to financial instruments under U.S. GAAP and IFRS. He has focused on technical accounting related to derivatives and hedging, financial asset transfers, consolidation, credit losses, leasing, and debt and equity classification.  Prior to joining Grant Thornton, Mr. Esposito was a Managing Director and Global Head of Accounting Policy for Citigroup’s Institutional Client Group. During this time, he also chaired the North America Accounting Committee for ISDA. Prior to his role at Citigroup, Mr. Esposito was an Assistant Director of Technical Activities at the Financial Accounting Standards Board (FASB) where he was the lead staff member on final standards related to financial instruments, credit losses (CECL), hedging activities, leasing, and consolidation.  Mr. Esposito began his career with PricewaterhouseCoopers (PwC) in New York where he became a Director in the Financial Instruments and Credit Group and an alum of their National Professional Services Group.

    Dan Fichtler, Associate Vice President, Housing Finance Policy, Mortgage Bankers Association

    Dan Fichtler is Associate Vice President of Housing Finance Policy at the Mortgage Bankers Association. In this role, he is responsible for developing MBA’s policy work related to loan production issues, including the government housing programs operated by FHA, VA, and USDA, as well as secondary and capital markets issues, including agency and non-agency securities markets and the activities of FHFA, Fannie Mae and Freddie Mac, Ginnie Mae, and the Federal Home Loan Banks. He also serves as the lead staff representative for MBA’s Residential Board of Governors.  Prior to joining MBA, Dan was a policy advisor at the U.S. Department of the Treasury, where he served on the staff of the Financial Stability Oversight Council. He has also served as an advisor to the majority staff of the Senate Banking Committee, during which time he helped draft the Johnson-Crapo housing finance reform legislation.  Dan holds a Bachelor's degree in economics and political science from Colgate University and a Master's in Public Affairs from the Princeton School of Public and International Affairs.

  • CREF Track: Hear from Peers


    Speaker(s)

    James Woodwell, Vice President, CRE Research & Economics, Mortgage Bankers Association

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    Don’t miss your chance to come on camera and speak with peers! Our most popular session is your chance to discuss common challenges and opportunities we are facing today. Finance professionals will share war stories from the last two quarters, as well as questions and answers about what they see coming next.

    Speaker(s)

    James Woodwell, Vice President, CRE Research & Economics, Mortgage Bankers Association

    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 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.

  • Financial Management Track: Counterparty Risk Management Perspectives from the GSEs and Ginnie Mae


    Speaker(s)

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

    Greg Young, Director, Counterparty Risk Analysis Division, Ginnie Mae

    Kathryn Katie) Shilinsky, Vice President, Third Party and Counterparty Credit Risk Management, Single Family, Freddie Mac

    Andrew Brammer, Vice President, Enterprise Counterparty Risk, Fannie Mae

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    Hear from Fannie Mae, Freddie Mac and Ginnie Mae on their current views toward counterparty risk management. As liquidity has become imperative given the potential need for servicers to advance funds on delinquent loans, what are the agencies doing now to ensure financial stability of their counterparties, particularly independent mortgage companies that service loans? What potential changes in capital and liquidity requirements are on the table? To what extent do these changes impact your company?

    Speaker(s)

    Michael Fratantoni, Ph.D., Chief Economist and Senior Vice President of Research and 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.  He received a Ph.D. in economics from Johns Hopkins University and a B.A. in economics from The College of William and Mary, and has served as an adjunct professor at the University of Washington, and Johns Hopkins, George Washington, and Georgetown Universities.

    Greg Young, Director, Counterparty Risk Analysis Division, Ginnie Mae

    Greg joined Ginnie Mae in 2019 as the Director of Counterparty Risk.  Prior to joining Ginnie Mae, Greg had a 24-year career in risk management at Goldman Sachs, including five years as the Chief Risk Officer of the Goldman Sachs Bank USA.  Greg’s other roles included head of credit in Asia and global head of counterparty credit risk for hedge funds.  Greg holds a Bachelor of Science from the United States Military Academy at West Point and an MBA from the Kellogg Graduate School of Management.

    Kathryn Katie) Shilinsky, Vice President, Third Party and Counterparty Credit Risk Management, Single Family, Freddie Mac

    Katie Shilinsky joined Freddie Mac in July 2016 and is currently the Vice President of Third Party and Counterparty Credit Risk Management for Single Family.  In this role, Katie leads the 1st line of defence risk team responsible for managing and overseeing third party risk of Seller/Servicers, Mortgage Insurers, Reinsurers and suppliers.  Her team also includes Quality Control, Counterparty Compliance and Eligibility, Fraud, Institutional Credit Reporting, and Counterparty Operational Risk Evaluation (CORE).  Katie and her team are responsible for assessing the risk profile, performing risk operational risk exams, and establishing and monitoring the ongoing risk assessment for Single Family counterparties.  The counterparties are monitored for financial stability and compliance with credit risk policies.  The team has also taken the lead on managing a comprehensive view of the 3rd parties for Single Family to ensure a cohesive risk management oversight process.  Previously, Katie worked at GE Capital where she was the credit governance leader for the lending and leasing portfolios for the Americas.  Responsibilities included working to establish three lines of defence, implementing risk management policies and practices as well as ongoing establishment and oversight of credit limits, thresholds and tolerances.  Prior to joining GE, Katie worked for the Federal Reserve Bank of Richmond as the Quality Assurance Team Leader and Senior Bank Examiner.  Katie has a BS in Accounting from Assumption College and a MBA from the University of Maryland University College. 

    Andrew Brammer, Vice President, Enterprise Counterparty Risk, Fannie Mae

    Andrew Brammer is Fannie Mae’s Vice President – Enterprise Counterparty Risk, reporting to the Senior Vice President and Deputy Chief Risk Officer. In this role, he is responsible for monitoring the financial health of institutions transacting with Fannie Mae across Single-Family, Multifamily, and Capital Markets sectors – including oversight of mortgage insurers and reinsurers.  Previously, as Vice President and Chief Financial Officer – Shared Services, he was responsible for oversight of the administrative expense process for the enterprise – including the annual budgeting process and quarterly forecast – as well as reporting progress against budget and corporate metrics. Prior to that, Brammer served as Vice President – Capital Markets Pricing, with responsibilities for mark-to-market pricing and the business ownership of various valuation and market-data applications. He also was responsible for maintaining financial disclosures related to fair value. Before that, he was Director – Capital Markets Pricing.  Before joining Fannie Mae in 2008, Brammer was Assistant Vice President – Capital Markets at Option One Mortgage Corporation.

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