Shows
CMB ConnectPMI Beyond the Basics: A Conversation with Lyn CrutchfieldIn this episode of CMB Connect, I interview Lynn Crutchfield, Director of Sales Operations at Essent. We discuss the critical role of Private Mortgage Insurance (PMI) in facilitating home ownership and supporting lenders. Our conversation covers the definition of PMI, its regulatory landscape, types of PMI, how premiums are calculated, strategic uses of PMI in lending, career opportunities in the PMI sector, and emerging trends in technology affecting the industry.
Chapters
00:00 Introduction to Private Mortgage Insurance
03:10 Lyn Crutchfield's Journey in Mortgage Banking
05:35 Understanding Private Mortgage Insurance (PMI)
08:09 Regulations Governing...2024-12-2241 min
CMB ConnectFHA Lending Mastery: MBA's Teresa Ferman on Compliance, Career Growth, and Market ImpactVal Buresch, Founder and CEO of Polygon Research, explores FHA lending with MBA's Teresa Ferman, unpacking critical industry misconceptions. Discover how FHA programs drive homeownership access, meet compliance standards, and serve underserved communities. Teresa shares expert guidance on CMB designation, mortgage banking career advancement and building client relationships in today's mortgage market.
Link to HUD's Single-Family FHA Handbook 4000.1: https://www.hud.gov/program_offices/housing/sfh/handbook_4000-1
Chapters
00:00 Introduction and Background
06:22 The Role of the Associate Director of Career Programming
09:38 The Value...2024-11-1832 min
CMB ConnectSuchitra Varma: A Bank IT Expert View on Tech Innovations Reshaping Mortgage ApplicationsIn this episode of CMB Connect, host Val Buresch interviews Suchitra Varma, a senior technology leader in mortgage banking. They discuss Suchitra's career journey from software engineering to becoming a certified mortgage banker, her insights on the evolving role of IT in the mortgage industry, and the importance of delivering high-quality services. Suchitra shares her thoughts on the impact of AI and machine learning on mortgage processes, the significance of a frictionless consumer experience, and the need for inclusivity and innovation in the industry.
The books recommended by Suchitra:
#1The Friction Project: How Smart Leaders...2024-10-0531 min
CMB ConnectBob Niemi: Innovation and the Evolving Mortgage Business ModelIn this episode of CMBConnect, I interview Bob Niemi, the CMB Society vice chair. We explore the traditional business model in the mortgage industry, how lenders make money, and the challenges they face. We delve into the topic of innovation in the industry, including the use of AI and technology to streamline processes and improve the customer experience.
Chapters
00:00 Introduction
01:34 Earning the CMB Designation and Its Value
06:06 Understanding the Traditional Business Model in the Mortgage Industry
12:00 The Role of Innovation and AI in Streamlining Processes and Improving Customer Experience2024-09-0731 min
CMB ConnectCertified Mortgage Banker Spotlight: Meg BennettMeg Bennett, CMB, and a Client Executive at TransUnion, shares her journey in the mortgage industry and the impact of becoming a CMB. She discusses her role as an advisor to her clients. In addition, Meg talks about the industry trends she's seeing, including fraud and delinquencies. Meg emphasizes the importance of listening, learning, and finding a mentor for young professionals in the industry. She also highlights the need for proactive planning and streamlining processes in the mortgage industry.2024-08-0617 min
CMB ConnectYolanda Estrada on Mortgage Processing and UnderwritingYolanda Estrada, a Certified Mortgage Banker and 20-year veteran of mortgage processing and underwriting, shares her career journey and expertise. She discusses the importance of clear communication with borrowers and setting realistic expectations throughout the mortgage process. Yolanda also highlights the role of technology in streamlining the application process and reducing the likelihood of incomplete applications. She emphasizes the need for adaptability and continuous learning in the mortgage industry. Yolanda encourages individuals to consider a career in mortgage processing and underwriting, especially with the current opportunities for training and growth.
Chapters
00:00 Career...2024-07-2928 min
CMB ConnectEvolution of Mortgage Technology: AI, Analytics, and Beyond with Suha ZehlI talk with Suha Zehl, CMB, about the evolution of mortgage technology in the last two decades. Suha emphasizes the importance of data maturity and the need for a solid foundation in technology. She also highlights the exciting emerging technologies, such as augmented reality, virtual reality, open banking, and regtech. Lastly, we discuss the value of mentorship in the mortgage industry and the qualities of a great mentor.
Chapters
00:00 Introduction to Suha Zehl and her experience in the mortgage industry
02:05 The evolution of mortgage technology and its challenges and opportunities
08:32 Key...2024-07-2239 min
CMB ConnectMortgage Risk Management 101 with Creighton OswaldCreighton Oswald, a Certified Mortgage Banker (CMB), is a mortgage banking industry veteran with experience at major banks like JP Morgan Chase, Texas Capital, and BBVA. Most recently, Creighton was the Chief Lending Officer at First United Bank where he oversaw $16 Billion mortgage and consumer portfolio. He talks about operational risk management, and the intersection of change management, leadership, and the future of lending.
Find Creighton on LinkedIn:
(13) Creighton Oswald, CMB® | LinkedIn
Chapters
00:00 Introduction
07:40 Pressing Risks and Importance of Risk and Compliance in Mortgage Lending
14:48 Leveraging Microdata for Efficiency and Profitability
i...2024-07-1543 min
CMB ConnectRethinking Mortgage Employee Performance with Bob MansurBob Mansur, the Lending Development Manager at 3Rivers Federal Credit Union, shares his passion for elevating professionalism and performance in the mortgage industry. Bob discusses the six critical elements that impact performance: expectations and feedback, tools and resources, rewards and sanctions, values and principles, capacity and traits, and skills and knowledge. He emphasizes the importance of setting clear expectations and providing feedback to improve performance. Bob also highlights the need for continuous learning in the mortgage industry.
Chapters
00:00 Introduction
03:04 The Six Critical Elements that Impact Performance in the Mortgage Industry2024-07-0828 min
CMB ConnectDanielle Swerczek: Sales Playbook and Strategies for SuccessIn this episode, Danielle Swerczek, a senior account manager with MGIC and a newly minted certified mortgage banker (CMB), shares her journey to achieving the CMB certification and the value it has brought to her career.
Danielle provides insights into her role as a PMI account manager, including building relationships, delivering training, and staying updated on industry trends. She emphasizes understanding market needs and tailoring sales strategies to maximize customer value.
Danielle also discusses the impact of technology like AI on the PMI industry and the importance of adaptability...2024-07-0233 min
CMB ConnectTony Turner: Leadership in Mortgage BankingVal Buresch talks to Tony Turner, a Certified Mortgage Banker (CMB), SVP at Gulf Coast Bank and Trust, Baton Rouge, LA. Tony discusses the challenges of balancing efficiency and personalized service in mortgage banking and highlights the significance of financial literacy in improving home affordability. He also touches on the role of technology, particularly AI, in the industry and the need for a diverse workforce.
00:00 Introduction and Background
02:56 The CMB Experience and Collaboration
04:58 The Importance of Home Affordability
12:51 The Need for Change and Collaboration in Process Improvement
27:17 The Impact...2024-06-2438 min
CMB ConnectMortgage Compliance Challenges and Opportunities with Diane JenkinsIn this episode of CMB Connect, Val Buresch interviews Diane Jenkins, Attorney and Director of Legal at Asurity. They discuss the benefits of earning a CMB designation and how it enhances one's perspective on compliance challenges in the mortgage industry. They also discuss the compliance issues that lenders struggle with, such as understanding state-specific laws and implementing new programs. Diane highlights the importance of collaboration and networking in the industry. They also touch on the implementation of the loan estimate and closing disclosure, the challenges faced, and the need for ongoing compliance. Diane emphasizes the need for simplifying the...2024-06-1727 min
CMB ConnectPaul Viguerie on Innovation and Thriving in Housing FinancePaul Viguerie, Vice President of National Business Development at Altisource, discusses with Val Buresch, CEO of Polygon Research, the various products and services offered by Altisource, including LendersOne, Trellix, Spring House, Premium Title, Castle Line, Granite, and Hubzu. He highlights the success of LendersOne during the pandemic and the innovative solutions developed by Hubzu, such as the Signature Seller portal and the off-market wholesale program. Paul also shares his career journey from Wall Street to the mortgage industry and emphasizes the importance of collaboration, mentorship, and giving back. He believes that a career in the mortgage industry is a...2024-06-1346 min
CMB ConnectPaul Viguerie on Thriving in Housing FinancePaul Viguerie, Vice President of National Business
Development at Altisource, discusses the various products and services offered by Altisource, including LendersOne,
Trellix, Spring House, Premium Title, Castle Line, Granite, and Hubzu. He highlights the success of LendersOne during the pandemic and the innovative solutions developed by Hubzu, such as the Signature Seller portal and the off-market wholesale program. Paul also shares his career journey from Wall Street to the mortgage industry and emphasizes the importance of collaboration,
mentorship, and giving back. He believes that a career in the mortgage industry is a great opportunity due to the constant evolution...2024-06-1246 min
CMB ConnectJennifer Fortier Shares Insights on Strategic Planning in Mortgage BankingIn this episode, Jennifer Fortier, a seasoned mortgage banking professional, discusses the operational challenges faced by lenders of different sizes and the need to adapt to changing environments. Jennifer emphasizes the value of strategic planning in achieving long-term goals and the importance of aligning strategies with the overall vision. She also explores the role of data, automation, and AI in the mortgage industry and offers advice for those starting their careers in mortgage banking.
Jennifer Fortier's contact information:
jennifer@jenniferfortier.com
https://www.linkedin.com/in/jenniferfortier/2024-06-0345 min
CMB ConnectEpisode 1: Ella Harris on Breaking Down Barriers & Careers in Housing FinanceElla Harris, CMB shares her background and experiences that led her to start her own company focused on educating and empowering consumers in home ownership. Ella emphasizes the need for more diversity and inclusion in the industry and highlights the misconceptions and barriers that young adults from underserved communities face when considering careers in housing finance. She calls for alternative compensation plans and increased support for high school programs that provide training for careers in the industry. Ella's mission is to bridge the gap between high school and responsible, contributing adulthood.
Ella Harris, CMB2024-05-2822 min