GENERAL SESSION: Looking Ahead with Guild Mortgage

Chief Economist, Senior Vice President, Research and Business Development, Mortgage Bankers Association

Michael Fratantoni is MBA's Chief Economist and Senior Vice President of Research and Business Development. In this role, he is responsible for overseeing MBA's industry surveys and benchmarking studies, economic and mortgage originations forecasts, and policy development research for both single-family and commercial/multifamily markets. Additionally, Fratantoni is a member of the Board of Directors of the CONVERGENCE Collaborative, and the Smith Enterprise Risk Consortium’s (SERC’s) Advisory Council. Prior to joining MBA, Fratantoni worked in risk management and senior economist roles at Washington Mutual and Fannie Mae. He received a Ph.D. in economics from Johns Hopkins University and a B.A. in economics from The College of William and Mary, and has served as an adjunct professor at the University of Washington, and Johns Hopkins, George Washington, and Georgetown Universities.

Chief Executive Officer and Director, Guild Mortgage Company

Terry L. Schmidt is the president and a director of Guild Holdings Company, overseeing the company’s finance, human resources, capital markets and compliance departments. Terry joined Guild Mortgage Company in 1985 and has served as its president since January 2020 and as a member of its board of directors since October 2020. Prior to being named president, Terry served in several leadership positions at Guild, including as controller and chief financial officer. Terry is currently a member of the Mortgage Bankers Association (MBA), the California Mortgage Bankers Association (CMBA) and is a founding member of the board of directors for the Guild Giving Foundation.