Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

How to simplify the appraisal process for everyone in today’s hot market

While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

Awards

2020 HW Vanguard: Chris Cordry

PrimeLending, EVP and Senior Director of Capital Markets

Cordry-Chris-2020-Vanguard
Chris Cordry, EVP and Senior Director of Capital Markets, PrimeLending

A key member of PrimeLending’s strategic leadership team, Chris Cordry joined the company in 2006 and was promoted to executive vice president of capital markets in January 2019. 

Cordry has earned the confidence of the entire PrimeLending team, according to the company, and has consistently managed the portfolio to outperform competitors, maintaining a track record of profitability and growth. Thanks to Cordry’s strategic vision and steady leadership, PrimeLending’s capital markets team navigated the uncertain challenges during the COVID-19 pandemic and secured the company’s financial stability. As a result, PrimeLending’s profitability and opportunities for growth have never been stronger. 

With responsibility for optimizing revenue and profits, managing liquidity and mitigating interest rate risk, Cordry and team took several decisive actions to not only protect the company’s position, but ultimately improve it. The team adjusted to the rapid reduction in third-party servicing outlets, quickly shifting its strategy to retain rather than release servicing on mortgage loans sold. 

Despite falling interest rates and extreme price competitiveness, the company maintained a strong pull-through rate thanks to a proactive and balanced approach to repricing. Pipeline hedges were closely monitored to anticipate the impact of a volatile MBS market and protect the company’s position. 

As the pipeline grew at an accelerated pace, the team fluidly adjusted margins to not only manage capacity but maintain appropriate liquidity to ensure the company could meet the funding demand. A servant leader who has built a stellar team, Cordry sets the bar high as a champion of the company’s culture and commitment to excellence.

What is one thing you cannot do without?
My team! We’ve been working together for years, and the mutual trust and respect we share for each other is invaluable. We are truly one team with one purpose, and collectively we are unbeatable.

Most Popular Articles

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy. HW+ Premium Content

Oct 25, 2021 By and

Latest Articles

What does the future hold for appraisal tech?

HW+ Managing Editor Brena Nath had the opportunity to catch up with Global DMS President and CEO Vladimir Bien-Aime at MBA Annual to talk more about what’s next for the appraisal industry in terms of technology.

Oct 27, 2021 By
3d rendering of a row of luxury townhouses along a street

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