SINGLE-FAMILY TRACK: Mortgage Servicing Rights – Retained vs. Released Trending and Risks
Servicing has provided a financial windfall and strong cash flows over the past two years. Will it continue? Hear from the experts about their thoughts on servicing as an investment moving forward, with a special focus on servicing strategies for different loan types. Whether your company retains or releases mortgage servicing rights, this session covers MSR market insights you won’t want to miss. Sponsored by Level1Analytics.
Speakers
Moderator
With extensive experience in mortgage banking and mortgage servicing, Seth Sprague leads the Mortgage Banking Consulting Services practice at Richey May. A sought-after speaker, he often speaks on liquidity and the overall challenges in the mortgage industry. Sprague joined Richey May from the STRATMOR Group where he was a principal. Prior to joining STRATMOR, he was EVP of Trading and Analytics at Phoenix Capital. Sprague also served as SVP, Servicing Asset Manager at SunTrust Mortgage for more than 10 years, where he developed and led their servicing rights valuation team. His career also includes accounting, analytics and auditing roles at Bank of America, KPMG LLP, and United Financial Inc. Sprague holds the designation of Certified Mortgage Banker (CMB) from the MBA.
Speakers
Kathryn M. Ferriman joined SitusAMC as Vice President, Analytics in early 2020, with more than 10 years of experience focused on analytics, advisory and valuation services for mortgage servicing rights, focusing on both forward and reverse MSRs. Before her time at SitusAMC, she was MSR Valuation Manager at Citizens Bank, where she was responsible for overseeing daily valuations for the servicing rights valuation team. Previously, she was Vice President of Analytics at PHOENIX. She also teaches as part of the MBA’s School of Mortgage Servicing online program, focusing on MSR management day. She holds a B.S.B.A. in international business and an M.A. in International Studies with a concentration in statistics, both from the University of Denver.
As the CFO of Atlantic Bay Mortgage Group, Morgan Wise leads the financial, accounting, capital markets, and servicing functions. Atlantic Bay Mortgage is a regional IMB licensed in over 15 states focusing on a retail business model. Wise works closely with Warehouse Lenders, Vendors, and Investors to establish sound relationships. She has more than 20 years of financial services experience with over 10 years in public accounting working with large regional banks, community banks, and mortgage entities. She received a B.S. in Business Administration from Old Dominion University and her RCMS designation from the Mortgage Bankers Association in 2021.