Exploring Mortgage Servicing Rights (MSR) Valuations
Tuesday, April 11, 2023, 1:00 p.m. central time
Session Description
Managing your Mortgage Servicing Rights (MSR) portfolio goes beyond mere fiscal responsibility (although that’s important, too.) Certain assumptions as to the value of the loans and the volatility of the marketplace guide the management of the loans in that portfolio. Those who misunderstand those assumptions or apply them incorrectly run the risk of reducing the loans’ values, which can echo loudly in your bottom line.
Additionally, it’s critical to understand servicing profitability drivers given today’s volume challenges in terms of new production loans. That’s why it’s critical to maximize this valuable cash asset to retain the most profitable loans in your pipeline and optimize that overall profitability.
Join MSR experts Tony Paciente, Vimi Vasudiva and Mike Vough from Optimal Blue, along with ACUMA President Peter Benjamin, CMB, to learn the ins and outs of effective MSR portfolio management. Specific lessons will include:
- Gaining a thorough understanding of the MSR asset from a valuation assumption perspective
- Learning the differences between the various approaches in valuing that MSR asset
- Understanding how to implement the industry-leading CompassPoint MSR valuation model
Whether you’re considering retaining servicing, or you already have an existing MSR portfolio, you can’t afford to miss this highly informative and critical webinar.
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.
Speakers
Tony Paciente
Senior MSR Account Manager, Optimal Blue
Vimi Vasudeva
Managing Director, Optimal Blue
Mike Vough
Vice President, Hedging & Trading Products, Optimal Blue
Peter J. Benjamin, CMB
President, ACUMA
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.
Optimal Blue supports the industry’s largest network for secondary market buyers and sellers. The company’s premier product, pricing and eligibility engine – the Optimal Blue PPE – delivers deep, broad-reaching functionality that is currently used by 64% of the top 500 mortgage lenders in the U.S. to price and lock 42% of mortgages completed nationwide. Additionally, Optimal Blue’s trading platform is used to facilitate $700 billion of loan trades last year. For more information on Optimal Blue’s innovative, end-to-end secondary marketing automation, visit OptimalBlue.com
Sponsor Company Video link: Black Knight ACUMA (vimeo.com)