Kevin Rodman, a founding partner of Asset Based Lending (ABL), has been a pivotal figure in the mortgage industry, known for his visionary leadership and innovative approach to private lending. With a career that includes building Morgan Stanley’s first whole loan warehouse lending and securitization platforms, Rodman has consistently demonstrated his ability to anticipate market needs and lead high-performing teams.
Over the past year, Rodman has guided ABL through a challenging fixed-income environment, maintaining profitability and expanding market share despite aggressive interest rate hikes by the Federal Reserve. His strategic use of interest rate hedging and disciplined loan underwriting ensured ABL’s stability, with no losses on single-family residential loans during this volatile period.
Rodman’s leadership extends to refining ABL’s lending approach, utilizing advanced data tools to assess market conditions and make informed decisions. His strategic pullback in markets like Florida, in response to overbuilding and softening prices, exemplifies his commitment to long-term prudence.
Under Rodman’s leadership, ABL completed its second and third securitizations, issuing $175 million and $190 million in bonds, respectively, with no loans requiring buyback due to delinquency. This performance underscores the quality of ABL’s loan underwriting and servicing, leading to oversubscribed offerings and heightened demand for ABL’s products.
Rodman’s foresight has also positioned ABL as a leader in new construction loans, funding over $1 billion since 2015 with zero losses. His strategic focus on geographic and demographic trends has driven ABL’s expansion into high-demand southern states and maintained its leadership in complex markets like New Jersey.
Rodman’s contributions reflect his steady leadership and strategic vision, positioning ABL as a trusted and resilient force in the mortgage lending space.
What is one habit you swear by?
Keep a positive attitude and drive the business plan forward – even if it is in small ways – every day.
Name:
Kevin Rodman
Title:
Chief Executive Officer
Company Name:
Asset Based Lending
