Be sure to watch the full episode located below the show notes.
Brennan Walters, CRO for MAXEX, joined us on the show to share his insights on redefining the securitization for PLMBS (Private Label Mortgage Backed Security).
Brennan talks about how much has changed in mortgage lending in just a few short months. How does he see credit unions that are active in this space be thinking about growth in 2022 and beyond?
In addition, he discussed how the downshift in volumes will increase focus on margins as well. As a result, will margin compression drive optimization and the pursuit of greater operational efficiencies and savings for lenders?
Brennan also commented on how the pandemic created a volatile market environment – and how this environment affected loan officers and their need for stability in securing liquidity. How long do we believe these effects will linger?
Lastly, he discussed with rates rising, many financial institutions are re-evaluating their balance sheets, including selling some of the loans they had previously serviced. What is servicing retained and why is it important for credit unions?
Check it out and let us know your thoughts. And be sure to watch the entire episode below for all the details.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.