Pricing Strategy for Portfolio Mortgage Loans
Wednesday, January 25, 2023, at 1 pm central time
As interest rates fluctuate, you might be thinking: “now’s the best time to portfolio,” or “I can’t sell; I’ll just portfolio,” or perhaps the classic “there’s a reason we have a portfolio.” Maybe all of these are true, and maybe they’re not. One thing is for certain, originating to portfolio comes with its own set of risks and things to consider. Join Peter Benjamin, CMB, President of ACUMA as he sits down with Russ Brady, CMB, owner of Blue Loans LLC, to answer your questions about portfolio pricing strategies.
Thank you to Member First Mortgage for sponsoring this Fast Track Webinar. Discover the benefits of partnering with a Credit Union-owned mortgage CUSO that shares your core values and understands your needs. Member First Mortgage offers a variety of partnership models designed specifically for Credit Unions, and our advanced Loan Origination System will help you streamline the mortgage process and achieve your goals of generating and maintaining mortgage volume. We look forward to delivering innovative mortgage solutions to your Credit Union and members with our service, technology, and member-focused approach to mortgage lending. NMLS ID# 149532.
- This session will be interactive so come with your questions.
- Open to anyone.
- Session will be recorded.
- By registering for this event, you submit your information to the webinar organizer and sponsor, who will use it to communicate with you regarding this event and their other services.
Owner, Blue Loans
Russ Brady is the owner of Blue Loans whose Secondary Manager application is a comprehensive control center for secondary managers. Russ has over 25 years of mortgage experience, and his career includes positions at Ohio Savings Bank, Aurora Loan Services, and Elevations Credit Union. His career highlights include being a Certified Mortgage Banker by the Mortgage Bankers Assoc, a member of Freddie Mac’s Lender Advisory Board, Vice-Chair of the MBA’s Community Bank and Credit Union Network, and an instructor for the MBA’s School of Mortgage Banking. Russ holds a bachelor’s degree in economics from Dartmouth College. He resides in Aurora, OH with his wife and kids.
Peter J. Benjamin, CMB
Peter J. Benjamin, CMB is the President of the American Credit Union Mortgage Association (ACUMA). A mortgage professional with 20 years of experience, Benjamin has held various positions throughout the mortgage industry including Senior Vice President of Mortgage Lending for Lafayette Federal Credit Union in Rockville, MD. During his time at Lafayette Federal, Benjamin led a high-performing mortgage team that exceeded production and budget goals each year, reduced the Credit Union’s cycle times to the industry-required timeframes; and improved the credit union’s application pull-through rate. As an association, Benjamin wants to see ACUMA members continue to foster the collaborative spirit that has made the association so great and work together to support the American Dream of homeownership. He sees ACUMA as a vital education arm that helps Member Credit Unions gain market share in the mortgage industry.