POS, Prospecting, Automation, Certified Military Specialist Products; Quiet on the Bank Front

The way bond math works, every man, woman, and child that owns a fixed-income security issued when rates were lower is now underwater on that bond or that security. As long as they continue to collect payments on that coupon, and don’t have to sell it, fine. If they are forced to sell the security at a loss and book it, that’s a different story. When people want their money out of a bank, and the bank needs to sell securities to pay off depositors, well, we’ve seen how that plays out. Along those lines, big bank problems make the headlines, but there are plenty of smaller depository bank mergers and acquisitions going on that don’t make the headlines. And the same thing is happening with vendors and mortgage bankers & brokers. Before I forget, anyone can post a resume for free here and employers can view them for several months at a nominal charge. (Today’s podcast can be found here and this week is sponsored by Black Knight, Inc. As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight, Inc. is transforming the mortgage industry through its best in class solutions. Listen to an interview with Argyle’s Matt Gomes on alternative credit data and how it is enabling new and creative lending practices.) Lender and Broker Services, Products, and Software Memphis may be regarded as the birthplace of rock and roll, but Graceland isn’t the only stop to pencil into your schedule during MBA Great River. Plan to attend the 7-in-7 Keynote Session on Wednesday, April 5, at 1:30 p.m., where Optimal Blue’s secondary marketing expert Colleen Flynn will cover the CompassEdge hedging and loan trading platform. This revolutionary solution combines Optimal Blue’s unmatched pipeline risk management tools and analytics with dynamic loan sale and MSR valuation functionality. And later in the afternoon, be sure to catch Flynn again in a breakout panel session titled, “Capital Markets in 2023: The Only Consistent Variable is Change.” Both sessions will provide invaluable insight to support the success of your business. We hope to see you in Memphis!
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