Aug. 3: How to Combat Risk, Fraud and Losses in an Economic Downturn

Every mortgage lender is dealing with increased fraud and risk, especially as interest rates have skyrocketed to 7%. These challenges inevitably lead to increased losses, as profitability for mortgage lenders is at an all-time low. In 2022, less than 25% of IMBs were profitable down from 75% in 2021.

Join MBA Education and industry experts August 3 for a discussion where insights will be shared on how to reduce both risk and fraud to ultimately drive greater profitability for mortgage lenders. Panelists will provides an overview of the challenging current economic climate for mortgage lenders, implications of the changing economic landscape on risk, fraud, and interest rates and how innovative mortgage lenders today are reducing these consequences to drive growth in the current economic downturn.

Participants will gain insight on how other innovative mortgage lenders are driving profitability in the market today.

Click here for more information.

Date/Time:

Thursday, August 3 (3:00 PM – 4:00 PM ET)

Objectives:

An evaluation of the current economic challenges specific for mortgage lenders

Dive deep into the implications of fraud and risk leading to losses for mortgage lenders

Learn from other innovative mortgage lenders on how to reduce risk and make better decisions in an economic downturn

Review fundamental learnings on the impact of mortgage interest rates on profitability

Provide specific examples on how mortgage lenders can reduce losses today

Experience Level:

Entry Level

Intermediate

Advanced

Target Audience:

Operations

Finance

Risk

Underwriting

Any retail consumer mortgage lender, including IMBs and traditional financial institutions

Speakers:

Dan Binowitz, Managing Director, loanDepot

Kirill Klokov, Co-Founder & CEO, Truv