May 24, 2024
Leading the Charge: Insights from the MBA Secondary Conference in NYC
The vibrant energy of New York City set the stage for this year's MBA Secondary Conference, where optimism among mortgage professionals was notably higher than the recent past. The event showcased emerging trends and offered an opportunity for originators, investors, and others to engage in discussions on the future of our business.
One focal point of the conference was the speculation around the Federal Reserve's interest rate decisions. While opinions varied, the prevailing sentiment was one of cautious optimism; with many anticipating a possibility of one or two cuts in 2024, but most of the easing taking place in 2025.
AI's role in disrupting our industry also generated considerable buzz; highlighting its potential to revolutionize lending practices. Participants were keenly interested in how AI continues to drive efficiencies and enhance customer experiences from an operational standpoint. The next five years are going to be completely transformative and those that adapt and harness the power of AI are going to win.
Additionally, the resurgence of home equity programs was identified as a pivotal driver for future expansion, opening new opportunities for originators and investors alike.
Amid these wide conversations, Arc Home focused on our measured approach to growth through product, processes, and pricing. Our "Buy to Your Guide" program for delegated correspondents has received positive feedback for its adaptability. We have also infused fresh energy into our team with new leadership in our correspondent division, underscoring our unwavering commitment to the success of our clients. These initiatives highlight our dedication to not only keeping pace with industry developments but also setting the benchmarks that define them. It was great to get out and meet with our clients, vendors, and other partners while we chart a path forward.
As we reflect on the insights from the MBA Secondary Conference, the road ahead is promising. With innovative technologies, evolving market conditions, and strategic leadership, Arc Home is ideally positioned to lead the charge toward a prosperous future in the mortgage industry.
- Brian Devlin, President/CEO