Michael Carnes

Michael Carnes joined MIAC in September 2009 and is the Managing Director of the MSR Valuations and Brokerage Group. He chairs the residential and commercial Mortgage Servicing Rights Valuation Committees and is responsible for all MSR valuation, modeling, and brokerage services at MIAC. He is a seasoned industry expert regarding mortgage banking and mortgage servicing rights with over 30 years of diverse mortgage banking experience. In addition to MIAC, he has a proven track record of advising companies, including Wells Fargo, Wachovia, Irwin Mortgage, and Bank One Mortgage (now Chase Mortgage) on servicing valuation and overall corporate growth. Carnes is experienced in both Static and Option Adjusted Spread valuation techniques and has experience in valuing a wide array of diverse product types. He has extensive valuation, deal making and negotiation experience with practical business savvy that has dramatically increased the bottom-line results of the companies and clients he has served. His latest published work can be found in Volume III of the Mortgage Professionals Handbook.