EMERGING ISSUES TRACK: Hazard and Property Insurance Challenges
The home insurance market is facing unprecedented volatility, significantly impacting the mortgage finance industry and homeowner experience. Hear what mortgage leaders say about insurance challenges and trends affecting our industry. Sponsored by Cooley.
Speakers
Moderator
Leesa Logan has over two decades of legal experience, in various leadership positions, contributing significantly to legal advisory and regulatory compliance within the financial services industry. Leesa held the position of Head of Compliance at Computershare, where she led the compliance function for the U.S. loan services operation. Her leadership extended to managing a team of five lawyers and 20 compliance professionals. Recognized for her outstanding contributions, she was subsequently promoted to General Counsel, overseeing Litigation Management and collaborating with the regional Executive Team and Global Legal Team. Prior to Computershare, Leesa held legal and compliance roles within the industry at Phoenix Capital, Statebridge Company, and Homeward Residential.
Speakers
George Gallagher is Senior Leader - Principal for CoreLogic’s Climate Risk & Natural Hazard Solutions team, focused on Federal Government, Capital Markets, lending and loan servicing clients. Gallagher serves as Education Co-Chair for the Mortgage Industry Standards Maintenance Organization’s (MISMO’s) ESG Community of Practice (CoP) as well as the Structured Finance Association (SFA) ESG Benchmarking Committee for MBS Policy. He was named a “HousingWire Insider 2023” for his industry work supporting climate education. Gallagher joined CoreLogic in February 2012, bringing an extensive background in commercial & corporate real estate data and technology platforms, as well as commercial development & asset management experience.
Ben Madick is the co-founder and CEO of Matic, one of the fastest-growing insurance agencies in the U.S. and the leader in the mobile and online delivery of homeowner’s insurance. The company provides firm, bindable quotes in seconds from highly rated insurance carriers—expediting the process of closing a mortgage loan. Before launching Matic, Ben founded Mortgage Quality Management and Research (MQMR), an independent risk management consulting firm to the mortgage industry. Ben was the company’s past president/CEO, and currently serves as an advisor. Ben has also founded HQ Vendor Management and was president of Subsequent QC, a provider of mortgage servicing audits. Ben began his career working with global financial markets and institutions in London, England. He spent five years as a correspondent lending executive at Bank of America, where he managed relationships with large independent mortgage lenders. He currently serves on the advisory board of Mortgage Compliance Magazine and as an advisor to numerous U.S. mortgage banks and lenders.
Jeremy Switzer has been Chief Credit Officer since Jan 1 2022. In this capacity, he is responsible for setting credit policy for origination and servicing activity, QC content, counterparty approval and monitoring, representation and warranty liability, property valuations, and model development and governance. Prior to transitioning to Chief Credit Officer, Jeremy led the Product and Pricing Strategy, and External Relations group at PennyMac since May 2018. In this role, Mr. Switzer managed the loan product portfolio and led the corporate Data Science team. Mr. Switzer spearheaded the vision of the pricing infrastructure used to support the loan product offering, best execution, borrower loan structuring tools, and to disseminate pricing to correspondents, brokers, and PennyMac’s Loan Officers. Additionally, Mr. Switzer led our External Relations team that is focused on managing the relationships with key housing financing agencies, industry trade groups, and Mortgage Insurance companies.