Envision. Plan. Execute. - California Mortgage Bankers Association

Envision. Plan. Execute.
Succes s is yo u rs for t he t a k i ng.
nd
42 Annual
Western Secondary Market Conference
Annual Charity Dinner, Wine Tasting & Auction
July 14-16, 2014
Westin St. Francis Hotel | San Francisco
CALIFORNIA
MORTGAGE
BANKERS
ASSOCIATION
THE V
O IC E O F
R EAL E STAT E F I NA
NCE
Registration Information
www.CMBA.com
Conference Sponsors
PLATINUM
GOLD PREMIUM
GOLD
NETWORKING LOUNGE
KEYNOTE SPEAKER
Appraisal
Nation
America’s AMC
Western Secondary Market Conference
2
Conference Sponsors
SILVER
LANYARD
RECEPTION
BRONZE
CFSI Loan Management
Ellie Mae
Mortech, A Zillow Business
Moss Adams
The StoneHill Group, Inc.
PennyMac
UHS America
SESSION
Residential Wholesale Mortgage, Inc.
Genworth Mortgage Insurance
MIAC
National MI
Stearns Lending, Inc.
SunTrust Bank
CONFERENCE
KEY
Chase Correspondent Lending
BAG
Comerica
MERSCORP
3
Western Secondary Market Conference
General Info
W e s t i n St . Fra nci s Ho tel Info
Hotel Reservations
After you register to attend the conference, you will receive
a link by e-mail to reserve your hotel room.
Hotel Reservations can also be made directly with the hotel
at (415) 397-7000 or (800) 937-8461. Reference 'CMBA Conference 2014' to receive special CMBA room rate. The conference
rate is available until Monday, June 2nd or until the room block
sells out (whatever occurs first). A confirmation will be issued
by the hotel. Note: if you have special needs under the Americans with Disabilities Act, please inform the hotel when making
reservations.
If requesting more than one room per company, names
must be submitted at the time the request is made and the
person(s) must be registered for the conference.
Please note that in order to have a reservation in the group
room block, you must register for the CMBA Western Secondary
Market Conference. CMBA reserves the right to review the conference room block and remove those individuals who have not
registered for the conference. Up to one (1) hotel reservation per
registered delegate will be accommodated. The hotel reservation
should be made under the corresponding registered delegate’s
name to avoid confusion.
General Housing Information
SUITES: A limited number of suites are available at the hotel.
Suite reservations at the Westin St. Francis must be made by the
CMBA office. Only conference sponsors may secure suites. Call
Susan Milazzo at the CMBA office, (916) 446-7100 or
[email protected] to reserve your suite today.
Note: If planning an off-site function or a hospitality suite,
in order to ensure the largest number of attendees at all ancillary private functions, and to avoid conflicts with WSMC events,
please contact Susan Milazzo at the CMBA office, (916) 4467100 or [email protected].
Cancellations and Refunds
All cancellations must be received by the hotel at least
72 hours prior to arrival for refund.
RATES: If a requested rate is not available, the next
available rate will be assigned.
CMBA Conference Hotel Rates
RUN OF THE HOUSE
Single
$299/night
*Only conference registrants will be able to secure a
room in the CMBA room block. Room reservation may be
cancelled if not registered with the conference.*
Ground Transportation (rates are estimated)
The SuperShuttle service operates 24 hours a day, seven
days a week. The service is available by reservation only ($17
each way) on the Geary side of the hotel and picks up at the
airport right outside of the baggage claim area. Major credit
cards accepted. Taxis charge an estimated $45 plus tip from SFO
to downtown hotels. BART transportation is available ($8) three
blocks from the hotel.
Conference Registration
Information
Refunds, Cancellations & Substitutions
Requests for refunds received by May 3, 2014 will be subject
to a $50.00 cancellation fee. Cancellations received May 4 - June
5, 2014 will be subject to a 50% cancellation fee. No refunds will
be issued after June 5, 2014.
R e gi s t ra ti on Opti ons!
Sign up now using our two options - NETWORKING PASS or ALL ACCESS PASS
Networking Pass Includes:
• Access to Exhibit Hall during 7/15/14 reception
• Pre- and Post-Conference registration lists
• Access to the Business Connection room - available
to arrange small informal meetings during
conference hours
All-Access Pass Includes:
• All general sessions and breakout sessions
• Full access to the Exhibit Hall (does not include
wine event on 7/14/14
•
•
•
•
•
•
Continental breakfasts
Networking lunch
Evening reception (7/15/14)
Access to the Business Connection room - available
to arrange small informal meetings during
conference hours
Electronic Conference Program, including speaker
materials, sent approx. 2 weeks prior to conference
Pre- and Post-Conference registration lists
Keynote Speakers
Mark Zandi
Chief Economist, Moody's Analytics
Mark M. Zandi is chief economist of Moody’s Analytics,
where he directs economic research. Moody’s Analytics, a
subsidiary of Moody’s Corp., is a leading provider of economic research, data and analytical tools. Dr. Zandi is a cofounder of Economy.com, which Moody’s purchased in 2005.
Dr. Zandi’s broad research interests encompass macroeconomics, financial markets and public policy. His recent
research has focused on mortgage finance reform and the
determinants of mortgage foreclosure and personal bankruptcy. He has analyzed the economic impact of various tax
and government spending policies and assessed the appropriate monetary policy response to bubbles in asset markets.
A trusted adviser to policymakers and an influential source
of economic analysis for businesses, journalists and the public, Dr. Zandi frequently testifies before Congress on topics
including the economic outlook, the nation’s daunting fiscal
challenges, the merits of fiscal stimulus, financial regulatory
reform, and foreclosure mitigation.
Dr. Zandi conducts regular briefings on the economy for
corporate boards, trade associations and policymakers at all levels. He is on the board of directors of
MGIC, the nation’s largest private mortgage insurance company, and The Reinvestment Fund, a large
CDFI that makes investments in disadvantaged neighborhoods. He is often quoted in national and
global publications and interviewed by major news media outlets, and is a frequent guest on CNBC,
NPR, Meet the Press, CNN, and various other national networks and news programs.
Dr. Zandi is the author of Paying the Price: Ending the Great Recession and Beginning a New American
Century, which provides an assessment of the monetary and fiscal policy response to the Great Recession. His other book, Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How
to Avoid the Next Financial Crisis, is described by the New York Times as the “clearest guide” to the
financial crisis.
Dr. Zandi earned his B.S. from the Wharton School at the University of Pennsylvania and his PhD at the
University of Pennsylvania. He lives with his wife and three children in the suburbs of Philadelphia.
5
Western Secondary Market Conference
Keynote Speakers
David Stevens
President & CEO, Mortgage Bankers Association
David Stevens is President and CEO of the Mortgage
Bankers Association (MBA). Prior to assuming this
position, Dave served as the Assistant Secretary for
Housing and Federal Housing Commissioner at the
U.S. Department of Housing and Urban Development (HUD).
Dave has more than 30 years of experience in mortgage finance and has held several executive level
positions in sales, acquisition, investment, risk management and regulatory oversight.
He is well-known throughout the industry and is often quoted in the media as a key housing influential;
serving as an industry authority on major mortgage
finance legislative and regulatory issues. In 2013,
Dave received the National Association of Hispanic
Real Estate Professionals (NAHREP) Founders Award,
presented to individuals that have distinguished
themselves by their work in support of sustainable
Hispanic homeownership to improve the quality of
life for Hispanics in America.
He currently serves on the Hope Loan Port board of directors, and also serves on the board of MBA
Opens Doors Foundation, MBA’s national 501(c) 3 nonprofit organization.
Western Secondar y Market Conference
6
Conference Schedule
Monday July 14, 2014
2:00 p.m. - 7:00 p.m.
Conference Registration Open
2:30 p.m. - 4:00 p.m.
Location: California West
Capital Markets: Wall Street, Main Street and
Private Money
Session Sponsor: Residential Wholesale Mortgage, Inc.
Moderator: Laura Pephens, Residential Wholesale Mortgage, Inc.
Speakers: Bill Godfrey, Mason McDuffie Mortgage Corp.
Bob Gundel/Rob Kessel, Compass Analytics
Matt Ostrander, Parkside Lending, LLC
Nancy Pollard, Impac
Panelists will be providing an update of the Capital Market’s
recent activity, including discussion of new players and their
rolls for creating a robust (non-GSE) marketplace. Additionally,
post the Dodd-Frank Act’s required implementation of QM panelists will discuss their thoughts regarding where the Non-QM
world is likely to go in the near and distant future. Lastly, we’ll
cover recent trends in the secondary markets that may assist in
achieving better execution in your shops!
5:00 p.m. - 9:30 p.m.
Annual Wine Tasting & Charity Wine Auction
*Separate Registration Required*
Go to www.CMGEvent.com for Details
Tuesday, July 15, 2014
8:30 a.m. - 5:00 p.m.
Conference Registration Open
8:30 a.m. - 4:30 p.m.
Networking Lounge Open (Sponsored by Appraisal Nation)
Location: Georgian Room
8:30 a.m. - 10:00 a.m.
Breakfast and Barista Cart with Gourmet Coffee!
Enjoy your Breakfast and Network with Sponsors and
Vendors in the Exhibit Hall!
9:30 a.m. - 10:00 a.m.
Location: Grand Ballroom
Conference Welcome and Opening Remarks from
Conference Chair
Susanne Livingston, Residential Wholesale Mortgage, Inc.
10:00 a.m. - 11:30 a.m.
Location: Grand Ballroom
Keynote Address
Economic and housing market trends form the basis for developing a strategy for success in the mortgage business in
2014 and beyond. Join us for “Envision, Plan, Execute” and be
inspired for this year’s growth and prosperity!
Moderator: Chris George, CMG Financial
Speakers:
David H. Stevens
President & CEO, Mortgage Bankers Association
David Stevens is President and CEO of the Mortgage Bankers
Association (MBA). Prior to assuming this position, Dave served
as the Assistant Secretary for Housing and Federal Housing
Commissioner at the U.S. Department of Housing and Urban
Development (HUD).
Dave has more than 30 years of experience in mortgage finance
and has held several executive level positions in sales, acquisition, investment, risk management and regulatory oversight,
including positions in senior management with Wells Fargo,
Freddie Mac and World Savings. Prior to his appointment by the
Obama Administration to serve at HUD, Dave was President and
COO of the Long and Foster Companies.
Mark Zandi
Chief Economist, Moody's Analytics
Mark M. Zandi is chief economist of Moody’s Analytics, where
he directs economic research. Moody’s Analytics, a subsidiary of
Moody’s Corp., is a leading provider of economic research, data
and analytical tools. Dr. Zandi is a cofounder of Economy.com,
which Moody’s purchased in 2005.
Dr. Zandi’s broad research interests encompass macroeconomics, financial markets and public policy. His recent research has
focused on mortgage finance reform and the determinants of
mortgage foreclosure and personal bankruptcy. He has analyzed
the economic impact of various tax and government spending
policies and assessed the appropriate monetary policy response
to bubbles in asset markets.
Conference Schedule
Dr. Zandi is the author of Paying the Price: Ending the Great
Recession and Beginning a New American Century and Financial
Shock: A 360º Look at the Subprime Mortgage Implosion, and
How to Avoid the Next Financial Crisis.
2:45 p.m. - 3:00 p.m.
Refreshment Break
11:30 a.m. - 12:30 p.m.
Luncheon in Exhibit Hall
12:30 p.m. - 1:35 p.m.
Location: Grand Ballroom
3:00 p.m. - 4:00 p.m.
Location: Grand Ballroom
Leveraging Technology, and Increasing Productivity
in a Competitive, Ever-Changing Environment
Post "The Squeeze" Margins
General Session
Session Sponsor: SunTrust Bank
Keeping up with technology is a challenge we all face regardless
of your organization’s size. Keeping pace is important, but also
understanding future trends will allow you to strategically plan,
create efficiencies, and implement successful practices. Learn
from our diverse panel of professionals who have prioritized
technology for many years, and continue to stay ahead of the
curve.
Moderator: Tyler Sherman, Motivity Solutions
Speakers: Jamil Atcha, Intercap Lending
Jonathan Corr, Ellie Mae, Inc.
Brian Fitzpatrick, LoanLogics
Larry Huff, Optimal Blue
Bob Phelps, TD Service Company
1:45 p.m. - 2:45 p.m.
Location: Grand Ballroom
General Session
Servicing: To Retain Or Not To Retain, And What
Are The Options?
Session Sponsor: MIAC
Tailored to Mortgage Banking entities that have been or are
currently retaining servicing to provide what options there in
the MSR space currently. Topics would range from Bifurcated,
Co Issue, Concurrent Transfer and stand alone MSR sale. The
panel would define each model and articulate the pros and cons
of each.
Moderator: Nick Pabarcus, Stearns Lending, Inc.
Speakers: Matt Maurer, MountainView Capital Holdings
Seth Sprague, Phoenix Capital, Inc.
Aaron Samples, Stearns Lending, Inc.
Michael Lau, Pingora Asset Management
General Session
Session Sponsor: National MI
Margin compressions getting you down? This panel of experts will discuss average market margins being generated by
mortgage bankers and ways that your company can fight the
compression battle. New methods of executing both servicing
retained and released will be a topic of discussion on this panel.
Come and learn the scoop from those who are beating the
battle!
Moderator: Robert Satnick, Golden Empire Mortgage
Speakers: Wes Iseley, Carrington Mortgage Holdings
Bill Chudy, Parkside Lending, LLC
Chris Cordry, PrimeLending
4:00 p.m. - 5:30 p.m.
Grand Reception in Exhibit Hall
Wednesday, July 16, 2014
8:00 a.m. - 11:00 a.m.
Registration Open
9:00 a.m. - 9:45 p.m.
Continental Breakfast in Exhibit Hall
9:30 a.m. - 10:45 p.m.
Location: Grand Ballroom
General Session
Panel of Presidents
Session Sponsor: Genworth Mortgage Insurance
Looking forward to 2015, and possible shifts in the secondary
arena with the GSEs, FNMA, Freddie Mac, and GNMA. How
will these changes possibly impact mortgage banking? Will the
traditional broker model stand a chance? How are the leaders
of our industries staying ahead of game?
Conference Schedule
Moderator: Buck Hawkins, Past Chairman, CMBA
Speakers: Bill Beckman, CEO, MERSCORP
Chris George, CMG Financial
Jim Cutillo, Stonegate Mortgage
Kevin Parra, Plaza Home Mortgage, Inc.
10:45 a.m. - 11:00 a.m.
Refreshment Break in Exhibit Hall
11:00 a.m. - 12:00 p.m.
Location: Grand Ballroom
General Session
2014 – Year of Change: Considerations for a
Prospective M&A Seller
Session Sponsor: Stearns Lending, Inc.
Some entrepreneurial owners of independent mortgage companies are contemplating the feasibility of selling their company.
The more challenging market conditions for 2014 appears to
be accelerating this thinking process. Our panel will explore at
a high level a range of factors which should be considered and
positioned to optimize a mortgage company sale experience:
who are today’s buyers, production and organizational characteristics which drive value, impact of compliance in the negotiations, establishing realistic financial expectations, realities of
deal structuring and pitfalls to avoid. In addition, one of the key
values in an equity purchase is the licensure posture of the target entity. Our panel will discuss licensing considerations both
pre- and post- sale.
Speakers: Clint Rockwell, BuckleySandler
Jeff Babcock, Stratmore Group
Rick Soukoulis, Western Bancorp
12:00 p.m.
Conference Adjourns
Conference Registration
Email completed registration form to carol@cmba.
com or fax to (916) 446-7105. You may also mail to
555 Capitol Mall, Ste. 440, Sacramento, CA 95814
Activity Selection
Registratio
$595 All Access Pass - CMBA Member | $670 (After June 5) | $695 (After June 26)
$375 Networking Pass - CMBA Member | $450 (After June 5) | $475 (After June 26)
$695 All Access Pass - Non-Member | $770 (After June 5) | $795 (After June 26)
$495 Networking Pass - Non-Member | $570 (After June 5) | $595 (After June 26)
10% Discount Applied for 3 or more paid registrants
Contact Information
Sign up by June 5, 2014 To
Receive The Best Conference Rate!
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Mortgage Action Alliance
The Mortgage Action Alliance (MAA) is a oluntary, non-partisan and f ee natio wide grassroots
lobbying network of real estate finance indu try professionals, affil ted with the Mortgage
Bankers Association (M A). MAA is dedicated to
strengthening the industry's voice and lobbying
power in Washington, DC and state capitals across
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WSMC14