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The Future of the Mortgage Industry: MBA Annual Convention 2018

It’s conference season in the real estate industry, bringing professionals from around the country to discuss how new technologies, public policies, and strategies will shape the mortgage landscape.

And no conference is bigger than the Mortgage Bankers Association annual convention, which will take place in Washington, D.C. from October 14-17. Thousands of industry leaders will head to the nation’s capital for what MBA calls its most “Monumental” conference yet.

We spent some time combing through the agenda to find everything you need to know about the 2018 MBA Convention and how it will shape the future of the industry.

Doing Business with Government-Sponsored Enterprises

Government-sponsored enterprises, or GSEs, were first created by Congress in 1916 to provide loans, leases, and additional services to farmers, ranchers, and other agricultural-related professions. GSEs have evolved dramatically in the last 100 years and exist today as the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac).

At MBA, CEOs from both Fannie Mae and Freddie Mac will join Christopher George of CMG Financial to discuss how to do business with GSEs in the secondary market. This session is particularly important given Fannie Mae’s recent board addition of Manuel “Monolo” Sanchez Rodriguez, who has a proven track record of technology innovation from his time as Chairman and CEO at Compass Bank.

GSEs are evolving how they do business, and with an increased focus on housing finance reform, this session will provide insights into how these major players will take us into the next decade.

Doing Business with the GSEs

Monday, October 15, 11:45 AM - 12:30 PM

Moderator

Christopher M. George, 2018 MBA Chairman-Elect, Founder, President and CEO, CMG Financial

Speakers

Timothy J. Mayopoulos, Chief Executive Officer, Fannie Mae

Donald Layton, Chief Executive Officer, Freddie Mac

Closing the Homeownership Gap

Americans are renting more than any other time in the last 50 years as the cost of available real estate is climbing out of reach for many homebuyers. The spike in cost is driven by baby boomers staying in their homes longer than previous generations, and fewer homes being built than at almost any time in U.S. history.

Underserved and underrepresented populations are bearing the brunt of this new housing crisis, and as cities become more competitive, there are growing calls to serve these markets. \With speakers from the National Association of Hispanic Real Estate Professionals, National Council of La Raza, National Urban League and more, we’re excited about the breakthroughs in homeownership opportunities we’ll see come out of this session.

Doubling down on the theme of accessibility, there will also be a session on helping homebuyers who are challenged by limited English proficiency (LEP). FHFA, Fannie Mae and Freddie Mac will be discussing how the industry will evolve, bringing a more inclusive process to the mortgage space online.

This is one of the first years with dedicated sessions on these topics, which has the ability to capitalize on making homeownership accessible for everyone.

Practical Solutions to Closing the Homeownership Gap

Monday, October 15, 2:45 - 3:45 PM

Speakers

Marisa Calderon, Executive Director, The National Association of Hispanic Real Estate Professionals (NAHREP)

Lautaro “Lot” Diaz, Vice President, Housing and Community Development, National Council of La Raza

Tamara King, Vice President, Residential Policy and Member Engagement, Mortgage Bankers Association

Dr. Cy Richardson, Senior Vice President for Programs, National Urban League

Antoine M. Thompson, Executive Director, National Association of Real Estate Brokers (NAREB)

Introducing Mortgage Translations – A New Website to Support LEP Borrowers

Tuesday, October 16, 9:45 - 10:10 AM

Blockchain and the Future of the Public Sector

According to the long-awaited Department of the Treasury report on fintech and innovation, 3,330 new technology-based firms serving the financial services industry have been founded in the last 10 years, 40% of which are focused on banking and capital markets.

The Austrian government recently stated it will notarize the auction of a government bond (worth $1.3 billion) using the ethereum blockchain. Blockchain as a technology has seen tremendous opportunities in the public sector thus far, with its roots in deregulating many of the financial systems and regulations that exist today.

Emerging technologies like blockchain are bringing new conversations to the table, giving policy makers and financial institutions the ability to see how the industry will change. As government begins accepting transactions via blockchain, this session will be important to showcase how the industry will evolve to leverage similar disruptive technologies.

Blockchain and Distributed Ledger Demystified

Monday, October 15, 3:00 - 3:25 PM

Speaker

Laurie Pyle, Chief Operating Officer, Factom

Remote Online Notarizations

At Notarize, we see an opportunity to bring 1.25 billion hand-notarized documents into the 21st century. By offering 24/7 access to a live notary, you can get a document notarized from anywhere at any time. That’s why the 2018 MBA Annual Convention session on exploring a digital closing process is so timely.

Speakers from MBA and the American Land Title Association will discuss why business partners are exploring online mortgage closings, and why this presents a tremendous opportunity to empower buyers and sellers to complete transactions on their terms.

Remote Online Notarization: Moving Real Estate Transactions Forward

Tuesday, October 16, 1:00 - 1:25 PM

Speakers

Steve Gottheim, Senior Counsel, American Land Title Association

Richard Hill, Vice President, Industry Technology, Mortgage Bankers Association

Kobie Pruitt, Associate Director of State Government Affairs, Mortgage Bankers Association

Let’s Chat!

If you’re interested in learning more about buying and selling homes online, we’ll be demoing the Notarize for Mortgage platform at MBA Annual. Can’t join the demo? You can schedule an in-person walkthrough with a Notarize team member to learn how technology is changing the real estate industry.

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You have notarization questions, we have notarization answers. While we at Notarize pride ourselves on providing helpful resources (like this blog!) to demystify notarization, we’re not lawyers and don’t give legal advice. Pro tip: always check with your own attorneys, advisors, or document recipients if you have further questions about notarization or digitally notarized docs.

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