Let Valuation Tech Help Improve Your Collateral Valuation

Join this webinar to learn how technological advancements in valuation provide solutions to help lenders and servicers deliver more comprehensive offerings to their clients.

Talking proptech with FinLedger Director Holden Page

In this episode, Page discusses the hottest topics coming across FinLedger’s news desk. Topics include: the online banking market, what’s happening in the proptech space and recent private market deals.

With a reinvigorated CFPB, what’s next for the NYDFS?

While the CFPB is reinvigorated under the Biden administration, there’s plenty of room for it to retake a leading role and coordinate with the NYDFS.

Does your CRM hurt or help the customer experience?

In real estate, data is king. The more you leverage your own data the better off your agents or loan officers will be because they’ll be able to identify, target and create better customer experiences.

Awards

2019 HW Vanguard: Rick Bechtel

TD Bank Head of U.S. Residential Lending

When Rick Bechtel joined TD Bank in October 2017, the bank’s residential lending business was the 88th largest provider of mortgage loans in the country.

Within two years, Bechtel was able to help raise TD through the ranks to where it now sits – No. 49 by size. In getting there, TD was ranked No. 1 for growth among the top 50 mortgage originators in the U.S. for the first half of 2019.

To drive this growth, Bechtel focused on technology investments, community lending and product development. He directed a complete restructuring of TD’s technology stack. This included investing in Encompass by Ellie Mae, giving TD’s entire team total visibility throughout the home loan experience, in addition to integrating the Optimal Blue pricing engine. This allowed TD to provide tailored loan recommendations for each individual customer. In spring 2019, his team stood up a self-service digital mortgage application on TDBank.com through Roostify which allows customers to submit applications online, whenever, wherever, from any device, for the first time.

Bechtel also identified TD’s opportunity to sharpen the bank’s focus on lending to low-to moderate-income customers and delivering on the company’s Community Reinvestment Act goals. He scouted and hired Michael Innis-Thompson to jumpstart TD’s community lending program.

Additionally, Bechtel expanded the bank’s product set by introducing a medical professional mortgage product catered to alleviating the specific homeownership challenges faced by physicians and dentists early in their careers. This program enabled many debt-burdened medical practitioners to secure a home loan.

What has been your secret to success?

“My strategy remains centered on building trust with customers by humanizing the mortgage process. I continually reinforce to my team that homebuyers need personalized, expert guidance, and to support this, I ensure the bank delivers world class training for TD’s mortgage officers.”

Most Popular Articles

Will we ever see a “normal” housing market again?

The question on everyone’s minds: When will this hot housing market cool down? Arch MI investigates this and more in its Spring Housing and Mortgage Market Review.

Jun 22, 2021 By

Latest Articles

Mortgage rates jump back up to 3.02%

The average 30-year fixed-rate mortgage rose nine basis points from the week prior to 3.02%, according to data released Thursday by Freddie Mac‘s PMMS. This is the first time in ten weeks mortgage rates have risen above 3%.

Jun 24, 2021 By
3d rendering of a row of luxury townhouses along a street

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