(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association)

MBA NewsLink interviewed Amazon Web Services Senior Manager of Federal Financials Felipe Millon during the recent MISMO/MBA #MortgageAIForum, where he was a featured speaker. Millon discussed the technology adoption curve, new Artificial Intelligence models and how Retrieval Augmented Generation can benefit financial services firms.

On Saturday night, the U.S. House and Senate passed a Continuing Resolution that averts a government shutdown and extends Fiscal Year 2023 funding through November 17, 2023.

MBA NewsLink interviewed Velocity Servicing President Matt Stadler about loan stress. Stadler is responsible for all operations of Velocity Servicing, a specialty and component servicer focused on investors in credit-sensitive products (EBOs, NPL/RPL, and high-risk assets), dedicated to turning distressed loans into performing portfolios faster through high-touch customer relationships and advanced data analytics.

As interest rates remain high and the long-term market outlook is uncertain, lenders are evaluating strategies to strategically grow their mortgage portfolios. As a result, many organizations are selling off portfolios to aggregators, which has led to a heightened level of mortgage servicing rights (MSR) purchases and transfers. For lenders looking to purposefully grow their mortgage portfolios, the increase in MSR activity presents a unique opportunity.

Hear from two trailblazing leaders, Geena Davis and Nina Tassler, at MBA Annual starting on Tuesday, October 17 at 8:30 AM.