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Other Services
Secondary Loan Sale
Mortgage CFO
Compliance Review
MBS Strategic Guidance

Mortgage Division
Health Check

Blood Pressure Monitor

Dr. Schell is a commercial banking executive and mortgage lending expert who managed mortgage activity for Bank of America and other smaller banks.

 

This Health Check will assess your mortgage division's performance

and answer the following questions.

Loan Sale Gain & Hedging

Does your loan pricing generate the profit you are expecting?

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Is the hedging pair-off gain or loss aligned with market changes?

Operational Efficiency

Is your mortgage division operating as efficiently as you'd expect?

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Is the staffing design appropriate given the expected unit count?

Mortgage Servicing

Should you be retaining servicing?

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Why is the SPR percent higher than the MSR? (The SPR is fake news)

Regulatory Risk

Did you know each ECOA error could be a $10,000 fine if customers are not called and documented each 30 days, even if the applicant has not locked?

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Is you LOS tracking the ECOA timeline?

Regulatory Reporting

Are the derivative elements from all IRLC applications reported?

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Has your fair value election for LHFS been adopted for GAAP reporting?

Technology & Compliance

Are you confident your LOS meets your Compliance requirements?

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Is your LOS Admin cost-effective?

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Is your LOS conversion on track?

Loan Level Profitability

What is your profit per sold loan?

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What is your profit for each Originator?

Credit Authority

Are your mortgage underwriters included on your portfolio credit authorization list?

This is required because the loans are bank-owned for 15 days until they are sold.

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If we talk about it, we can fix it. Ask us how.

Dr. Schell, PhD, CPA, warns bank CEOs:

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Unless your head of mortgage worked for a depository, they likely don't know what they don't know about FDIC/NCUA mortgage lending.

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Most of the time, this leads to regulatory findings. We can help you avoid this risk.

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Mortgage company origination executives are amazing salespeople who may know non-supervised lending well, but this differs significantly from the FDIC/NCUA requirements. 

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Dr. Schell started working in FDIC mortgage lending in the 1980s, then ran mortgage for Bank of America, and for the last 18 years, he's been helping bank CEO navigate the mortgage lending waters.

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Mortgage is amazingly profitable, but comes with risks that must be quickly contained. 

--War Stories over the past 18 years helping banks--​​​​

 

  • HMDA reporting & ECOA tracking are challenging. MBS recently helped a bank fix thousands of these errors just before the FDIC examination.  

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  • ​Mortgage servicing transfers are highly complicated and create significant regulatory and reputation risks. MBS recently helped a Credit Union address this complexity.

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  • Loan Origination System (LOS) conversions are difficult to implement. The MBS team has helped many FDIC and NCUA companies finish stalled conversions.

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  • MBS is the Encompass Admin for many FDIC banks, where we've addressed the Encompass online conversion's challenges. ​

​​​​​Contact Dr. Schell & MBS to learn more. 

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