New Book Helps Mortgage Lenders Looking to Increase Profits with Mandatory Execution
As mortgage lenders face increasing pressure on profits, more lenders are considering a transition to mandatory execution. However, lenders have few resources for learning about the ins-and-outs and the daily routine of managing a hedging program. The book, Demystifying Mandatory, offers lenders an independent resource to learn about mandatory execution before they jump in.
This book is the first resource for mortgage lenders to independently learn about what it’s like to manage mandatory execution and a hedging program. In this guide, a seasoned secondary marketing manager shares insight, experiences, and knowledge about how a hedging program works, what it takes to get it going, and what it’s like to manage it. It presents a safe, conservative, and predictable approach to hedging that is accepted by the industry as the best tactic for small- to mid-size lenders.
Ms. Fortier said “Most lenders who consider mandatory execution don’t really have an opportunity to truly understand the daily process until they’ve already implemented a hedging program. They have to learn as they go. My goal in creating this resource is to help lenders get comfortable before they move forward and provide continuing guidance as they implement a program.
About the Author
Jennifer Fortier, CMB has over a decade of comprehensive experience in mortgage banking. Jennifer ran a secondary marketing department for more than 10 years, employing a hedging strategy and mandatory execution to manage the pipeline. Currently, Jennifer is the president of The Artful Enterprise, an independent consultanting firm focused on helping companies in mortgage banking and other industries refine and leverage their business systems for better performance.
For more information about Demystifying Mandatory, please visit www.demystifyingmandatory.com or contact Jennifer at 504 304-7789. To learn more consulting services, visit www.theartfulenterprise.com.