5-14-18 Insights and Details from Beth Millstein and Her Team at Fannie Mae
Lykken on Lending
English - May 14, 2018 17:00 - 1 hour - 58.5 MB - ★★★★★ - 18 ratingsInvesting Business mortgage regulations mortgagerates alicealvey alvey joefarr farr davidlykken lykken allenpollack Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
On this episode of Lykken on Lending we have Beth Millstein, Fannie Mae's Director of Business Development within Single Family Business and her team.
Topics that will be discussed in the interview:
How does a merger or acquisition impact Fannie Mae status? Does it matter if one or both lenders are approved with Fannie Mae? What are the lender’s obligations regarding notification?What are the motivations for some lenders to apply for Seller Only or Servicer Only status rather than Seller/Servicer status? How does the process differ? Is this based on execution strategies?Misconceptions out in the market about execution options with Fannie Mae. Can lenders sell to Fannie Mae on a servicing released option?The biggest QC issues with applicants.More detail on how you look at de novos.Is it still true that a lender must have a $2.5 million net worth to get approved? What about profitability?
Beth Millstein is Fannie Mae’s Director of Business Development within Single Family Business where her team is responsible for sourcing, evaluating and sponsoring new customer relationships. She and her team help lenders assess eligibility and readiness to sustain a relationship with Fannie Mae. Millstein also manages Fannie Mae’s national affinity and trade association business to business relationships.
Get more details about this episode here.
On this episode of Lykken on Lending we have Beth Millstein, Fannie Mae's Director of Business Development within Single Family Business and her team.
Topics that will be discussed in the interview:
How does a merger or acquisition impact Fannie Mae status? Does it matter if one or both lenders are approved with Fannie Mae? What are the lender’s obligations regarding notification?What are the motivations for some lenders to apply for Seller Only or Servicer Only status rather than Seller/Servicer status? How does the process differ? Is this based on execution strategies?Misconceptions out in the market about execution options with Fannie Mae. Can lenders sell to Fannie Mae on a servicing released option?The biggest QC issues with applicants.More detail on how you look at de novos.Is it still true that a lender must have a $2.5 million net worth to get approved? What about profitability?
Beth Millstein is Fannie Mae’s Director of Business Development within Single Family Business where her team is responsible for sourcing, evaluating and sponsoring new customer relationships. She and her team help lenders assess eligibility and readiness to sustain a relationship with Fannie Mae. Millstein also manages Fannie Mae’s national affinity and trade association business to business relationships.
Get more details about this episode here.