What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Mortgage

2017 HW Vanguard: Stavros Papastavrou

Chairman of the Board at The Money Source

By making nimble, yet measured, moves by anticipating the needs of today’s borrowers, industry partners, and clients, Chairman of the Board Stavros Papastavrou has positioned The Money Source to be a pioneer in the fintech space and has led the company to a spot as a Top 25 lender. 

papastavrouPapastavrou emigrated to the U.S. from Cyprus and began a career in construction. In 1997, he founded The Money Source as a single mortgage broker in New York. Now, the company is one of the fastest growing, privately-owned lender servicers licensed nationwide. 

In the last year, The Money Source has become a Top 15 correspondent investor, a Tier 1 GNMA-approved subservicer, a licensed servicer for all 50 states and brought loan servicing in-house. 

Under Papastavrou’s leadership, the company took a leap and launched a web-based loan servicing platform, SIME, “Servicing Intelligence Made Easy,” which provides real-time reporting and transparency. SIME recognizes that the servicing portfolio —including its borrowers—is a company’s most valuable asset that should be nurtured in real time.

Papastavrou proudly displays his favorite quote behind his desk: “No Excuses.” To him, “No Excuses” is a call to action and reflects a corporate culture that celebrates openness, solutions, results and accountability. From his roots in building and construction, Papastavrou is hands-on and holds himself to the same expectations that he holds his dedicated team of 600 employees.

What has been your secret to success?

“To maintain discipline and an unwavering focus on long-term goals! This industry is highly susceptible to change, and it’s all too easy to fall into the trap where we continually react. My focus on long-term goals guides my day-to-day decision making.”

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3d rendering of a row of luxury townhouses along a street

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