Today's program will be a very provocative program discussing the return of the annual AMERICATALYST event, which is being held in Dallas from Feb. 10-12, 2020.
In this episode of Lykken on Lending we'll be featuring Ted Tozer, the former President of Ginnie Mae and currently at the Milken Institute.
The theme this year is ENTROPY: Surviving the New Abnormal.
Ted predicts that almost 40% of current lenders will not survive the next 5 years - join us to find out why.
Want to know more about Ted Tozer?
Theodore Tozer has served as the President of Ginnie Mae since February 24, 2010. Under the leadership of President Tozer, Ginnie Mae expands affordable housing finance in America by linking domestic and global capital to the nation's housing finance markets, funding the administration housing initiatives through FHA, VA, and RHS lending.
With over 30 years of experience in the mortgage, banking, and securities industries, Tozer actively manages Ginnie Mae's $1.5 trillion portfolio of mortgage-backed securities (MBS) and more than $460 billion in annual issuance.
Before obtaining the position of Ginnie Mae President, Tozer served as Senior Vice President of Capital Markets at the National City Mortgage Company (NCM) for more than 25 years. During his tenure at NCM, the company was consistently profitable with growth in annual loan sales from $1 billion in 1989 to $106 billion in 2003.
Over his career, Tozer has served as a charter member of the National Lender Advisory Boards of both Fannie Mae and Freddie Mac, chairman of the Capital Markets Committee of the Mortgage Bankers Association of America (MBA) and as a member of the Board of Governors of the MBA.
Tozer received his Bachelor of Science Degree in Accounting and Finance from Indiana University and is a Certified Public Accountant and a Certified Management Accountant.
Resources Mentioned in this Episode:
Bring Your Brain to Work - Using Cognitive Science to Get a Job, Do it Well, and Advance Your Career
Excerpts from this Episode:
Listen: 40% of the mortgage companies today will not be here in 5 years...
Listen: Preparing for the next cycle of how people think when they're in chaos... being open to how to run your business in a new mortgage environment...
Listen: What do IMBs need to focus on in this new landscape of mortgage banking of the future...
Listen: Preparing for the changing demographics... preparing for a new type of borrower entering the mortgage space...
Listen: A lot of IMBs have begun to retain servicing...
Listen: Implementing the necessary improvements in technology for the mortgage industry...
Listen: When it comes to mortgage technology, what should lenders focus on...
Listen: Where do you see the future of housing going...
Listen: One of the main challenges of independent mortgage bankers going forward... leading to mergers and acquisitions due to rising costs...
Listen: Understanding where Freddie and Fannie may be heading when it comes to capitalization of mortgages... perhaps the 2 largest mortgage bankers in the world...