Podcasts about originations

Diversification across public and private funding sources is key to driving origination growth for auto lenders as the cost of funds fluctuates and investors look to put an abundance of capital to work in auto finance.  Auto Finance News' March 11 webinar “Funding Strategies: From Warehousing to Private to ABS” shed light on interest from private investors in auto and the amount of money that is available to originators.  Insurance companies arelarge players in backing private investment in auto, especially as lenders consider diversifying their funding sources to include asset managers alongside banks and public capital markets. Meanwhile, late-stage delinquencies rose in the fourth quarter but the pace of increase is stabilizing compared to large upticks in 2022 and 2023. As tax refund season approaches, affordability and credit access improved in February while average transaction prices saw a slight uptick.  In this episode of “Weekly Wrap,” Auto Finance News Editor Amanda Harris discusses the top takeaways from last week's funding webinar along with other top stories for the week ended March 14. 

This podcast segment explores regional mortgage production trends, the impact of economic conditions on lending, cost-cutting strategies for mortgage lenders, and key industry events shaping the future of housing finance.-----------------------------------------David G. Kittle, CMB is a highly respected leader in the mortgage industry, with over 45 years of experience. He is the Co-Founder and Chairman of The Mortgage Collaborative (TMC), a mortgage lending cooperative providing members with access to resources and tools to improve their business operations.Kittle began his mortgage banking career with American Fletcher Mortgage Company as a top-producing loan officer in 1978 moving to the management side in 1986 with Southmark Mortgage. He opened Associates Mortgage Group, the first of his three lending companies in 1994.Kittle served as MORPAC Chairman for MBA, from 2004-2006. He is past President of both the Louisville and Kentucky Mortgage Bankers Associations, as well as leading the industry through its most tumultuous period as Chairman of the Mortgage Bankers Association, Washington DC in 2009. Kittle has testified before congress 14 times.Kittle has been a driving force behind the growth and success of TMC, working to bring together mortgage lenders from across the country to share best practices and collaborate on key industry issues. Kittle has also been a vocal advocate for innovation and technology adoption in the mortgage industry, urging lenders to embrace new tools and strategies to improve their operations and better serve their customers.Kittle is a frequent speaker at industry events and conferences, sharing his expertise on a variety of topics related to mortgage lending.He resides in Louisville, Kentucky, he has four children and two grandchildren.

Erica Acie, Head of Originations, Truist. Highlights include: prioritizing the client experience as a foundational KPI; become valued financial advisors; core competencies for sales success; robust on-boarding process and embracing technology. Erica has been in the mortgage industry for over 30 years.

Auto originations have picked up industrywide even as average payments remain elevated, while manufacturers are increasing incentives to move inventory.  Originations totaled 6.4 million contracts in the second quarter, up 0.7% year over year, according to the latest data from TransUnion. The return of leasing and an uptick in incentives are helping address affordability concerns and drive sales.  As of October, the average transaction price (ATP) of a new vehicle landed at $48,623, up 1.7% YoY, according to Kelley Blue Book. New-vehicle incentives climbed to 7.7% of ATP compared with 5% of ATP in October 2023. Meanwhile, auto loan demand weakened in the third quarter while banks' credit standards remained steady.  In powersports, inventory levels continued to build as sales declined 6.3% YoY in October, according to BMO Capital Markets data.  Synthetic identity fraud also is a rising concern in the powersports industry, with an uptick in fraud contributing to stolen RVs and mirroring concerns in the automotive finance industry.  In this episode of the “Weekly Wrap,” Auto Finance News Editor Amanda Harris and Associate Editors James Van Bramer and Ashley Savage discuss trends in originations activity, pricing and the powersports market.  

Solomon Suleymanov is a true force in the real estate industry. With over 12 years of experience and a background in both Legal Studies and Computer Science, he brings a unique blend of expertise to his role as Director of Originations and Co-Founder at We Lend, LLC. Solomon's dedication to business purpose lending (BPL) is evident in his impressive track record. He has overseen the origination of over $300 million in BPLs and successfully monetized over 90 real estate transactions worth approximately $75 million. His relentless work ethic and passion for innovation have propelled him to the forefront of the market, making him a sought-after expert in the field. Solomon's journey from a pharmacy worker to a real estate powerhouse is a testament to his ambition and drive. His early foray into Fix and Flips at the age of 21, coupled with his academic foundation, laid the groundwork for his remarkable success. His commitment to utilizing technology to enhance the real estate industry has solidified his position as a visionary leader. Solomon's deep understanding of both real estate and technology, combined with his unwavering dedication, makes him an invaluable asset to We Lend, LLC, and a true inspiration to aspiring entrepreneurs in the industry. In our podcast, Solomon shares how he got started in real estate by door knocking and cold calling and overcoming his fears of communicating with people. Solomon also shares how he incorporates tech and ai into his real estate lending business and explains why it is so important for real estate investors to work with and partner with great lenders in their business.    You Can Find Solomon@: Linkedin: https://www.linkedin.com/in/solomon-suleymanov-86b695102/ Instagram: https://www.instagram.com/sal_solomons/

Warren de Haan is a founder, Chief Executive Officer, and member of ACORE CAPITAL's Investment Committee.Mr. de Haan has over 25 years of experience in commercial real estate finance and capital markets. Before co-founding ACORE CAPITAL, he was Chief Originations Officer at Starwood Property Trust, Inc. (NYSE: STWD), a public mortgage REIT, from 2010 to 2014, during which time the REIT grew from $780 million market cap to $5.5 billion market cap. Mr. de Haan was a founding partner and Head of Originations at Countrywide Commercial Real Estate Finance, overseeing the expansion of the division's footprint to 15 offices across the U.S. He also co-founded Coastal Capital, a firm focused on the acquisition of U.S. CRE loans post GFC. Mr. de Haan began his career as an originator in Nomura's New York City-based Large Commercial Real Estate Loan Group.Links:ACORE CapitalBrandon on LinkedIn - https://www.linkedin.com/in/bsedloff/Juniper Square - https://www.junipersquare.com/Topics:(00:00:00) - Intro(00:01:15) - Warren's background and career(00:24:15) - ACORE Capital(00:32:43) - How do you see the proliferation of sub-scale managers in the market?(00:36:55) - How should folks think about asset managers in the context of a financing business?(00:41:32) - What's the state of the CRE Debt market?(00:50:14) - How do you see fundamentals performing right now?Disclaimer: Certain statements contained herein reflect the subjective views and opinions of ACORE Capital (“ACORE”) and may include our general view of the market and expectations of the market in the future. This presentation may contain forward-looking statements. Forward-looking statements are inherently uncertain and there is no guarantee that any projections or estimates about the future will materialize. Under no circumstances is this presentation to be used or considered as an offer to sell, or a solicitation of any offer to buy, any security. Any such offering may be made only by an offering memorandum that would be furnished to prospective investors who express an interest in an investment program of the type being considered, and that would describe the risks associated with an investment in the investment program. The information in this presentation is provided to you as of the dates indicated and ACORE does not intend to update the information after its distribution, even in the event that the information becomes materially inaccurate. The information contained herein may not be reproduced in whole or in part nor disclosed by the recipient to any other party without ACORE's prior written consent.

Episode Summary In this episode of the Solar Maverick Podcast, Benoy speaks with Jim Howard, President at Dudley Ventures, and Derek Gabriel who is the COO & Head of Originations at SunRocket Capital.  They speak about how their structured finance solution ensures access to construction funding and long-term financing for developers who want to preserve their equity in their projects. Benoy Thanjan Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies.  He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.   This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable. Before founding Reneu Energy, he was the SREC Trader in the Project Finance Group for SolarCity which merged with Tesla in 2016.  He originated SREC trades with buyers and co-developed their SREC monetization and hedging strategy with the senior management of SolarCity to move into the east coast markets.  Benoy was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects.  He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio.  Benoy also worked on the sale of all of the renewable energy projects in Ridgewood's portfolio.   He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young.  Benoy received his first experience in Finance as an intern at D.E. Shaw & Co., which is a global investment firm with 37 billion dollars in investment capital. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University.  Benoy was an Alumni Scholar at the Stern School of Business.   Jim Howard James D Howard, Jr. is the President of Dudley Ventures, LLC is an investment and advisory services firm specializing in congressionally sanctioned tax credits and other tax advantaged investments. DV has a 20+ year track record of success with the vision, staff and values to succeed. Dudley Ventures is a subsidiary of Valley National Bancorp (NASDAQ:VLY), one of the top 30 publically traded banks with $50B in assets, A native of The Bronx, New York, Mr. Howard earned his degree from The College of the Holy Cross in Worcester, Massachusetts in 1980 and a law degree from Georgetown University Law Center in 1984. Dudley Ventures was founded by Mr. Howard in 1996. Dudley Ventures has been an innovator in tax credit investment and Mr. Howard has authored numerous articles on tax credit investing and is a regular speaker at conferences. Dudley Ventures has invested and manages over $2 billion in tax credit investments. Mr. Howard is a Board Member of the New Markets Tax Credit Coalition.   Derek Gabriel With over 15 years of experience in the renewable energy sector, Derek is a passionate and driven leader who strives to make a positive impact on the environment and society through innovative and sustainable solutions. As the Chief Operating Officer at SunRocket Capital, Derek oversee the daily administrative and operational functions, as well as the origination, development, and financing of solar projects across various markets and segments. Derek leverage my extensive network of over 15 years in the solar industry, and my deep knowledge of solar policy, tax equity, and debt financing to create value for our clients, investors, and partners. In his previous role as the Executive Vice President and Head of Originations at Sol-REIT, Derek was responsible for business development in providing debt and arranging tax equity for solar and renewable energy projects, ranging from C&I, community solar, portfolio transactions, to utility-scale. Derek engaged a team of solar lending analyst, underwriters, and established strong relationships with key stakeholders, such as EPCs, developers, off-takers, and lenders. Derek also contributed to the strategic direction and growth of the company, and supported the development of new products and services. Some of the skills that Derek applied and developed in this role include organizational development, business development, negotiation, risk management, and financial analysis. Stay Connected: Benoy Thanjan Email: info@reneuenergy.com  LinkedIn: Benoy Thanjan Website: https://www.reneuenergy.com   Jim Howard Linkedin:  https://www.linkedin.com/in/jamesdhoward/ Dudley Venture Website:  https://www.dudleyventures.com   Derek Gabriel LinkedIn:  https://www.linkedin.com/in/derek-g-a754a748/ Website:  https://www.sunrocketcapital.com   Press Release dated June 24, 2024 SunRocket Capital and Dudley Ventures Arrange to Provide $100+ Million to Monetize Tax Credits in Commercial, Industrial and Community Solar Developments https://www.sunrocketcapital.com/news/sunrocket-capital-and-dudley-ventures-to-monetize-tax-credits      

In this episode of the “Weekly Wrap,” Auto Finance News Associate Editors Ashley Savage and James Van Bramer discuss trends in financier earnings, AI-based lending updates, finance and insurance revenue and the powersports market for the week ended Aug. 9.  

David Kittle emphasizes the critical role of leadership and communication in the mortgage industry, noting stable production levels and discussing potential impacts of rate cuts on refinancing and mortgage servicing rights.-----------------------------------------David G. Kittle, CMB is a highly respected leader in the mortgage industry, with over 45 years of experience. He is the Co-Founder and Chairman of The Mortgage Collaborative (TMC), a mortgage lending cooperative providing members with access to resources and tools to improve their business operations.Kittle began his mortgage banking career with American Fletcher Mortgage Company as a top-producing loan officer in 1978 moving to the management side in 1986 with Southmark Mortgage. He opened Associates Mortgage Group, the first of his three lending companies in 1994.Kittle served as MORPAC Chairman for MBA, from 2004-2006. He is past President of both the Louisville and Kentucky Mortgage Bankers Associations, as well as leading the industry through its most tumultuous period as Chairman of the Mortgage Bankers Association, Washington DC in 2009. Kittle has testified before congress 14 times.Kittle has been a driving force behind the growth and success of TMC, working to bring together mortgage lenders from across the country to share best practices and collaborate on key industry issues. Kittle has also been a vocal advocate for innovation and technology adoption in the mortgage industry, urging lenders to embrace new tools and strategies to improve their operations and better serve their customers.Kittle is a frequent speaker at industry events and conferences, sharing his expertise on a variety of topics related to mortgage lending.He resides in Louisville, Kentucky, he has four children and two grandchildren.

In this week's episode, we give a temperature check on the CRE market, as we cover bank stress testing, buying opportunities from dry powder, the latest CPI data, and new originations. We also share some big office lease stories, a bank earnings preview, an update on short-term rentals, multifamily and office loan-to-value data, and mall loan stories. And, we cover 7-Eleven's CMBS exposure, in honor of recording on 7/11. Tune in now. Episode Notes: - 7-Eleven (0:23) - Macro update: CPI and the Fed (3:35) - Buying opportunity in CRE: maturities and dry powder (8:09) - Big office leases (12:01) - Lease renewals (16:32) - Bank Earnings preview (19:05) - CMBS issuance and new originations (25:10) - Multifamily and office LTV (27:48) - Short-term rentals (30:07) - Mall tenants downsizing and loan extensions (38:50) - Shoutouts (44:06) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp

David Kittle discusses the potential implications of the Supreme Court's Chevron decision on the mortgage industry, emphasizing the likelihood of increased litigation against regulators and the ongoing regulatory challenges faced by the industry, while also noting positive membership growth of TMC in the credit union space.-----------------------------------------David G. Kittle, CMB is a highly respected leader in the mortgage industry, with over 45 years of experience. He is the Co-Founder and Chairman of The Mortgage Collaborative (TMC), a mortgage lending cooperative providing members with access to resources and tools to improve their business operations.Kittle began his mortgage banking career with American Fletcher Mortgage Company as a top-producing loan officer in 1978 moving to the management side in 1986 with Southmark Mortgage. He opened Associates Mortgage Group, the first of his three lending companies in 1994.Kittle served as MORPAC Chairman for MBA, from 2004-2006. He is past President of both the Louisville and Kentucky Mortgage Bankers Associations, as well as leading the industry through its most tumultuous period as Chairman of the Mortgage Bankers Association, Washington DC in 2009. Kittle has testified before congress 14 times.Kittle has been a driving force behind the growth and success of TMC, working to bring together mortgage lenders from across the country to share best practices and collaborate on key industry issues. Kittle has also been a vocal advocate for innovation and technology adoption in the mortgage industry, urging lenders to embrace new tools and strategies to improve their operations and better serve their customers.Kittle is a frequent speaker at industry events and conferences, sharing his expertise on a variety of topics related to mortgage lending.He resides in Louisville, Kentucky, he has four children and two grandchildren.

David Kittle discusses the mortgage industry's advocacy efforts in Washington, DC, highlighting the political nature of agencies like Fannie and Freddie, the disconnect between regulatory conversations and outcomes, and the importance of direct engagement with regulators.-----------------------------------------David G. Kittle, CMB is a highly respected leader in the mortgage industry, with over 45 years of experience. He is the Co-Founder and Chairman of The Mortgage Collaborative (TMC), a mortgage lending cooperative providing members with access to resources and tools to improve their business operations.Kittle began his mortgage banking career with American Fletcher Mortgage Company as a top-producing loan officer in 1978 moving to the management side in 1986 with Southmark Mortgage. He opened Associates Mortgage Group, the first of his three lending companies in 1994.Kittle served as MORPAC Chairman for MBA, from 2004-2006. He is past President of both the Louisville and Kentucky Mortgage Bankers Associations, as well as leading the industry through its most tumultuous period as Chairman of the Mortgage Bankers Association, Washington DC in 2009. Kittle has testified before congress 14 times.Kittle has been a driving force behind the growth and success of TMC, working to bring together mortgage lenders from across the country to share best practices and collaborate on key industry issues. Kittle has also been a vocal advocate for innovation and technology adoption in the mortgage industry, urging lenders to embrace new tools and strategies to improve their operations and better serve their customers.Kittle is a frequent speaker at industry events and conferences, sharing his expertise on a variety of topics related to mortgage lending.He resides in Louisville, Kentucky, he has four children and two grandchildren.

David Kittle discusses recent advocacy efforts in Washington D.C., regulatory challenges, and the impact of new regulations on the mortgage industry.-----------------------------------------David G. Kittle, CMB is a highly respected leader in the mortgage industry, with over 45 years of experience. He is the Co-Founder and Chairman of The Mortgage Collaborative (TMC), a mortgage lending cooperative providing members with access to resources and tools to improve their business operations.Kittle began his mortgage banking career with American Fletcher Mortgage Company as a top-producing loan officer in 1978 moving to the management side in 1986 with Southmark Mortgage. He opened Associates Mortgage Group, the first of his three lending companies in 1994.Kittle served as MORPAC Chairman for MBA, from 2004-2006. He is past President of both the Louisville and Kentucky Mortgage Bankers Associations, as well as leading the industry through its most tumultuous period as Chairman of the Mortgage Bankers Association, Washington DC in 2009. Kittle has testified before congress 14 times.Kittle has been a driving force behind the growth and success of TMC, working to bring together mortgage lenders from across the country to share best practices and collaborate on key industry issues. Kittle has also been a vocal advocate for innovation and technology adoption in the mortgage industry, urging lenders to embrace new tools and strategies to improve their operations and better serve their customers.Kittle is a frequent speaker at industry events and conferences, sharing his expertise on a variety of topics related to mortgage lending.He resides in Louisville, Kentucky, he has four children and two grandchildren.

Part One: Live From TransUnion's 2024 Financial Services Summit, Las Vegas In part one of the 2024 FS Summit episode, credit union VPs Heather Dufourny (Service Credit Union) and Heather Sullivan (Randolph-Brooks Federal Credit Union) sit down with Craig and Josh in Las Vegas to discuss the goings-on in the credit union industry. Craig is curious to hear which products members are most interested in, and wonders how Dufourny's and Sullivan's credit unions are responding to the financial squeeze many members are experiencing. Dufourny and Sullivan share how each of their organizations are utilizing this slow period — from preparing for an eventual refinance boom to diversifying portfolios — and agree balancing a seamless member experience with the need for increased fraud controls has been a challenge within the industry. Josh wraps things up by asking which key elements they're focusing on to draw in a younger demographic, and is keen to know how a credit union decides when to bring in new technology or systems. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

Guest FJ Guarrera puts Craig and Josh in the hot seat this month with questions around recent consumer performance, trends and preferences in the card industry. The conversation kicks off with a macroeconomic view of the market since last quarter — ranging from consumer sentiments to card balances and originations to the impact consumer stress levels are having on their financial health. FJ asks how issuers should be responding to elevated risk in the marketplace, and Josh shares strategies lenders might consider to alleviate some of that pressure. Craig shares an update on the private label market; Josh weighs in on when migrating scores may start to normalize; and the conversation ultimately shifts to what issuers can be doing to better understand Gen Z preferences and behaviors — particularly given market dynamics over the last few years. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

Several auto lenders had to adjust their underwriting strategies in 2023 to account for worsening credit performance across loans originated in 2021 and 2022, a theme prevalent during Auto Finance Summit East 2024. 

David G. Kittle, CMB is a highly respected leader in the mortgage industry, with over 45 years of experience. He is the Co-Founder and Chairman of The Mortgage Collaborative (TMC), a mortgage lending cooperative providing members with access to resources and tools to improve their business operations.Kittle began his mortgage banking career with American Fletcher Mortgage Company as a top-producing loan officer in 1978 moving to the management side in 1986 with Southmark Mortgage. He opened Associates Mortgage Group, the first of his three lending companies in 1994.Kittle served as MORPAC Chairman for MBA, from 2004-2006. He is past President of both the Louisville and Kentucky Mortgage Bankers Associations, as well as leading the industry through its most tumultuous period as Chairman of the Mortgage Bankers Association, Washington DC in 2009. Kittle has testified before congress 14 times.Kittle has been a driving force behind the growth and success of TMC, working to bring together mortgage lenders from across the country to share best practices and collaborate on key industry issues. Kittle has also been a vocal advocate for innovation and technology adoption in the mortgage industry, urging lenders to embrace new tools and strategies to improve their operations and better serve their customers.Kittle is a frequent speaker at industry events and conferences, sharing his expertise on a variety of topics related to mortgage lending.He resides in Louisville, Kentucky, he has four children and two grandchildren.

Thanks to PHH Mortgage. From subservicing to correspondent lending, MSR/co-issue transactions, portfolio retention, reverse mortgages, and commercial servicing, PHH has solutions for the entire mortgage lifecycle. 

Originations across many product types – mortgage, credit cards, and the like -- were all lower in 2023 than the year prior. Historically high interest rates pinched consumers and made it less appealing to open new lines of credit. Will 2024 be more of the same? What can consumers and lenders alike expect in the coming year? Is the economy's elusive ‘soft landing' anywhere in sight?Kelsey Zhu, Lead Analyst at Bernstein/Autonomous, joins The SCORE this week. Kelsey to talk us through where we are in the consumer credit cycle and why she's optimistic about what both consumers and lenders have to look forward to in 2024. Listen to Kelsey's insights here.

Send us a Text Message.Patty Oliver is an energy healer, author, and spiritual adviser. She teaches people how to change their entire life by learning to clear unconscious blocks and take back their power.Patty experienced a death of a spouse at a young age and later was diagnosed with breast cancer. Feeling like the world was against her, Patty realized that she was the only person who could help her to embark on the journey to re-empower herself.  This journey led to a career in energy healing. For the past 12 years, Patty has been helping hundreds of people around the world to change their lives for the better.In this episode we touch on soul origination and the powerful manifestation archetypes that shape our destiny and desires. By revealing how each of us is a unique blend of archetypes—whether we are nurturing Teachers, pioneering Visionaries, expressive Creators, or intuitive Feelers—Patty illuminates the path to manifesting a life that resonates with our soul's essence. We also discuss the nuance dance between our karma and the Law of Attraction, as well as how embracing our authentic selves can unlock doors to abundance and fulfillment.Where to find Patty: Website: https://www.pattyoliver.com/about-pattyManifestation Quiz:  https://www.pattyoliver.com/quizSUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/channel/UCr0p1zDPaPLmnmI3AIWhDFQFOLLOW US: TikTok - @shiftingdimensions444 Instagram - @shiftingdimensions_podDISCLAIMER: The views, thoughts, and opinions expressed are the guest's own and do not represent the views, thoughts, and opinions of Shifting Dimensions. The material and information presented here is for general information and entertainment purposes only.

All eyes are on the US Fed and Central bankers worldwide at the start of 2024. Investors are increasingly convinced this year will see a pivot to lower interest rates and the end of money tightening that saw the Fed's benchmark overnight interest rate reach the current 5.25% to 5.50% range. Federal Reserve posts suggest a possibility the Fed could cut interest rates as much as six times in 2024, according to DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP. BOVE believes the Fed's approach will be measured and rate cuts may not begin until the middle of 2024. However, the real question is whether companies will benefit more from interest rate cuts than from a diminution of inflation. Thus opens a lively exchange on conflicting reports on company pricing policies at the peak of our recent inflation. BOVE cites various studies and reports, and identifies the term ‘greedflation,' coined by former Labor Secretary, ROBERT REICH. The claim is that many companies were able to significantly expand profit margins with no consumer push back as prices escalated. JOHN AIDAN BYRNE presents a study showing how companies grew margins by a median of 49 percent. BOVE concludes that if indeed companies were engaged in ‘greedflation' then the path to profitability in 2024 will be through expanded unit sales. The CONVERSATION looks at some upsides of falling interest rates. BOVE notes that the Federal government debt could plunge to a level below 2022 fiscal total with a fall in interest rates. Declining rates should be a boost for consumers. Still, BOVE believes the US economy is really slowing down despite increased holiday spending. Questions & Comments: Podcast@odeoncap.com

SMBC ManuBank CRO Mike Leary joins the podcast this month to discuss the relationship between risk and financial institutions in today's economic environment. Mike and Craig discuss the lesser-known risks impacting portfolios today, including hidden buy now, pay later loans and credit score inflation. Mike weighs in on positioning a card portfolio in uncertain times; explains why some banks are using credit cards as transactional products; and stresses the need for working tools to properly assess the stability of consumer credit scores. Josh asks for Mike's opinion on which market innovations hold the most promise or red flags, and Mike ideates on what younger generations of employees can do to be successful in today's unusual workforce. Plus, Mike thinks back on his time as a collegiate cross country athlete and how a team-oriented mentality has helped positively shape his career. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

Mortgage demand has fallen off a cliff, according to Black Knight's recent Mortgage Monitor Report. With affordability hitting new lows and mortgage rates still rising, home buyers have simply given up on buying a house any time soon. Mortgage applications are now forty-five percent below pre-pandemic levels, and something BIG will have to change for buyers to jump back into the market—are lower home prices the answer? To explain the Mortgage Monitor Report's most recent findings, we brought on Black Knight's Andy Walden. Andy has the most recent home buyer, mortgage rate, foreclosure, and delinquency data to share. We'll talk about the buying power that's been wiped out of the market, why mortgage applications fell off a cliff, rising unaffordability and whether or not it'll force foreclosures, and the real estate markets with the most potential for home price growth. Andy even gives his 2024 housing market forecast with some eerie warnings about what could happen to home prices as we reach an “inflection point” in the market and enter the traditionally slower winter season. In This Episode We Cover: Why mortgage originations are falling faster than ever before (and what this means for home prices) Andy's Q4 housing market forecast and how to tell where prices are headed Foreclosures, delinquencies, and why “distressed sellers” aren't flooding the market Why investors have “backed off” the housing market waiting for mortgage rates to dip Regional housing markets that could see the best (and worst) home price performance  The rising popularity of assumable mortgages and the massive downside to doing one of these deals And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Our Last Episode with Andy Read the October 2023 Mortgage Monitor Report Archive of Past Mortgage Monitor Reports Connect with Andy: Work with Andy and His Team Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-152 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's podcast is brought to you by nCino, maker of the nCino Mortgage Suite, built for the modern mortgage lender. The nCino Mortgage Suite's three core products -- nCino Mortgage, nCino Incentive Compensation and nCino Mortgage Analytics -- unite the people, systems and stages of the mortgage process. See how nCino can support a homeownership journey that both your borrowers and your team will love at nCino.com.

John Rogers is the Chief Innovation Officer at CoreLogic, leading R&D on the biggest asset class in the world - the US Real Estate Economy, and driving new product development to market via an iconic property & location intelligence platform called Discovery. This platform allows clients that rely on data, insights, models and answers to drive growth or mitigate risk on their book of business. John asserts he's been fortunate to have worked in all 4 corners of the world leading large transformation projects in finance, retail, pharmaceuticals, logistics and airlines, including at IBM and British Airways. This episode is part of the Tangent @ Blueprint series. Blueprint is the most global event of Proptech innovators leading the charge in changing the built world in Las Vegas every September.(0:34) - Powering US Real Estate market(1:30) - Climate Risk Analytics for Housing ecosystem(4:28) - Truth data set(5:56) - Streamlining affordable housing development & collaboration(8:10) - Collaboration Superpower: Dr. Katherine Calvin at Chief Scientist at NASA

TransUnion SVP of Auto, Satyan Merchant, joins Craig and Josh this month to discuss emerging trends within the US auto financing market. We begin with Satyan touching on today's top auto industry headlines — from supply chain issues and high interest rates impacting consumer affordability to major shifts in market share. Satyan describes how technology-forward dealerships and lenders are modernizing the industry by offering online-to-offline car shopping experiences, and shares how lenders should be thinking about the growing number of credit-active Gen Z consumers. Josh and Craig ask for Satyan's opinion on the future of vehicle values and supply, and what that means from a credit standpoint; they discuss the return of incentive programs; and Satyan draws comparisons between the auto and mortgage financing markets. *Plus, take a look at the TransUnion study Satyan references in the episode: https://www.transunion.com/lp/impact-of-unsettled-vehicle-values The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

TransUnion Head of US Government Relations, Allison Shuster, returns to Extra Credit this month to discuss the political and legislative activities currently impacting the US financial services industry. Craig and Allison start by discussing the proposed Fair Credit Reporting Act (FCRA) rulemaking process expected to take place later in 2023, whether government partisanship is as challenging as it's portrayed in the media, and how legislators are turning to the private sector to help inform policy decisions. Next Josh and Allison talk about the major focus areas for regulators that might not be as headline-grabbing, including a politically-stalled federal privacy standard and AI governance concerns cropping up in both the Senate and Congress. Finally, Josh asks Allison how the upcoming presidential election cycle will impact the pace of legislation; they discuss how states are looking at the use and treatment of medical debt on the credit file; and Allison urges listeners to pay attention to the uptick in agency activity (particularly from the CFPB and FHFA) within the housing market. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

In this episode of Navigating Major Programmes, Oxford Saïd Business School alumni Riccardo and guest host Corail, interview fellow alumnus, Jim Bernard. Jim specializes in real estate investment programme design, structured finance, risk conceptualization and strategic partnership formation. With an impressive track record spanning over 25 years, Jim has accumulated more than 4 billion dollars in real estate investment experience. Now, as a partner at consultancy and as a major programme advisor, Jim is focusing on disrupting traditional approaches to major programme management—making him an exceptional expert to share his insights on this podcast.   Key Takeaways:  Why major programme management in North America is behind the UK and what needs to improve in order to catch up.The practicality of the Galbraith Star Model™ in major programmes and why People and Rewards need earlier attention.  Considering the perception of major programmes as temporary organizations as well as their nonlinear evolution.  The power of major programmes as they relate to climate improvement initiatives.   If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox. The conversation doesn't stop here—connect and converse with our community: Riccardo Cosentino on LinkedInJim Bernard on LinkedInCorail Bourrelier Fabiani on LinkedInTwo Roads Group website Transcript:Riccardo Cosentino 00:05 You're listening to navigate major problems, the podcast that aims to elevate the conversations happening in the infrastructure industry and inspire you to have a more efficient approach within it. I'm your host, Riccardo Cosentino I brings over 20 years of major product management experience. Most recently, I graduated from Oxford University's day business school, which shook my belief when it comes to navigating major prpgrams. Now it's time to shake yours. Join me in each episode, as I press the industry experts about the complexity of major program management, emerging digital trends and the critical leadership required to approach these multibillion dollar projects. Let's see where the conversation takes us. James Michael Barnard, commonly known as Jim is a highly accomplished professional specializing in real estate investment program design, structure finance, risk leadership, and strategic partnership formation. With an impressive track record spanning over 25 years, Jim has accumulated more than $4 billion in real estate investment experience. Currently, Jim serves as a partner at Two Roads Group, a consultancy he co founded with a focus on disrupting traditional approaches to measure program management by employing novel and empirically supported methods for risk mitigation, decision making and stakeholder engagement. He also serves as a major program management advisor for AI cumulus. Additionally, Jim is the founder of the Regal, a privately held investment company that concentrates on sustainable real estate assets. Outside of his professional pursuits, Jim actively engages in community service as a member of the town Castine Planning Board, and serves as a director on the SMU Cox School of Business alumni board. He is also an accomplished diver and a skilled jazz pianist. Hello, everyone. Welcome back to another episode of navigating major programs. I'm here today with my co host, a guest appearance from Corail with my esteemed colleague and friend Jim Barnard, who has graciously agreed to join the podcast today and talk to us about his new venture and his new approach in helping major programs. How are we doing, guys? How are you doing, Jim? Jim 02:37 Great. Thank you. Thanks for having me. Corail 02:39 Hi, Riccardo Jim 02:40 Carail. Corail 02:41 I'm doing great. Thank you for having me again. And I'm excited to hear more about Jim today. Riccardo Cosentino 02:47 And by the way, today, we were joining the podcast. I'm in Toronto. Jim is in Maine, and Correll is in London. So you got a truly international episode? Corail 02:57 Yes, very much. Riccardo Cosentino 02:59 So why don't we Why don't we jump right into it? Corail, I think you're gonna help me co host today's episode, the new format for us. But you being a guest on this show before? So I think you're you're almost almost part of the family. Why don't you take it away? Corail 03:18 Hi, Jim. I hope you're well and nice to see to see you and hear you. I wanted to ask Can you please introduce yourself to our listeners today and tell us a little bit about your career? Jim 03:32 Sure, It'd be my pleasure. My name is Jim Barnard. I'm fortunate to have been a classmate with your two esteemed hosts here at the University of Oxford and major program management program at Syed business school. How I came to the program. Let's see. I was a CFO for real estate, sustainable real estate investment development company in Austin, Texas for about five years before I applied to Oxford. My background had always been in real estate. I'd done it since I graduated from university. At the time, we were struggling with some fairly common major program themes, complexity or projects are getting more difficult, more intricate, larger, we are having challenges scaling. So interestingly, I was sitting in a conference room trying to sketch out a risk curve with my team in the finance department to try to figure out where he has some significant exposure and one of my co workers looked at the whiteboard and said, you know, there's a whole program at the University of Oxford that takes on these questions directly. So I I bet him that if he would write a recommendation I would make the application under no circumstances did neither one of us think that we would be or that I would be admitted to the program. But here we are two years later having survived it and fortunately, having had the chance to work with great people like the two of you You learn a whole lot about managing major programs. Corail 05:03 Yeah, congratulation. Jimmy did I think wonderful in the program, and he was really interesting, you know, to hear about your experience throughout and your background. I was wondering like, I think we both know Ricardo and I, that you started in entrepreneurial adventure after the program. Can you tell us a bit more about what led you to start your own business after the program? And why are you particularly interested in consulting in the fields of major programs? Jim 05:39 Well, in the interest of full disclosure, I have to admit that I haven't started this alone. In fact, you both probably know very well, some of the people that are investing in the, in the consultancy with me. And that alone is a privilege. So the opportunity to work together with like minded colleagues, who've enjoyed similar professional backgrounds, or have had similar professional backgrounds was probably one of the primary reasons why I decided to start this consulting practice. But really, the, I guess the motivation came out of, believe it or not the global financial crisis in 2008. A couple of us back in Austin, with this real estate development company that I mentioned, we basically, we'd all lost our jobs, you know, the industry was kind of in shambles. So at that point, we decided we would get together kind of start at ground zero. And I think maybe we had 200, or we had $2 million in assets at the time. And 10 years later, we were up to $250 million in assets. So to kind of get back to some of the scaling challenges I mentioned earlier. But that experience of of one having an industry job, and then losing it quickly, in rather chaotic circumstances. And then having built up the other company, over that period of time sort of gave me a sense that one, security in major companies undertaking major programs is not always as secure as you might think it is. And two, there's not necessarily as much risk in starting in your own venture, as you may think there is so the chaos of that prior period of my career gave me the confidence to start this new consulting practice with the folks I mentioned previously. So yeah, that's that's kind of where it all came from. In terms of goals for the program, I mean, the whole podcast is focused on major program risk and making major programs function more effectively. Certainly, in my career, and in the careers of the colleagues that have joined me in the group, we've seen plenty of complexity. And we've seen plenty of four major program performance. So the idea behind the group, at least for me, was to be able to use a lot of what we learned at Oxford, and try to address these issues at meaningful points of intervention. So being able to offer that to a variety of clients at a variety of different industries was appealing, and seems rewarding. Corail 08:16 Yeah, that's amazing. That sounds super interesting. Can you tell us a little bit more about what you're offering in this consultancy, then? And you know, how you feel like you're apart from other consultancy, what puts you about? Jim 08:33 Sure, broadly speaking, I think what separates our consulting practice from maybe some of the other ones out there would be our combination of gray hair and battle scars, domain expertise on the on the one hand, having worked in all of these areas professionally, as of, you know, my, my colleagues in the practice, but also the academic basis. So one of I had an MBA before going to still do MBA before going to Oxford. So I was familiar with the professional graduate school, curriculum and approach, particularly United States. Oxford is obviously very different. But one of the things within Oxford that truly distinguishes it, particularly MMPM, is the research background. So we not only had to justify our opinions professionally, but we had to support them academically as well. So when we form TRG, both of those aspects became mutually supportive and critical to the practice. So we we tried to bring a whole lot of domain expertise in a variety of different fields and circumstances and marry it with the best academic research that we can find. And then do some of our own research. So hopefully, we can keep the practice as progressive as possible and as helpful as possible. Corail 09:59 Yeah, I do. Like, the fact that you're trying to combine this academic side of the field with your practice, you know, and the kind of practical aspects of of being a major program leader everyday. So I wanted to ask with what you've learned in Oxford and what you're doing in your current consultancy. What do you think will be the main area of improvement for major programs in the future? Jim 10:32 It's an interesting question, because I think it's geographically dependent to some extent. And by that, I mean, the whole concept of program management is really not understood even conceptually, on this side of the Atlantic. In the UK, major program research is been around for quite a while, I mean, clearly, the program's been around for quite a while. But the subject itself certainly goes back a long way. And the UK Government has adopted over the years many major program management practices. So in that area in the UK, in particular, major program management is understood as a discipline, as well as its value is understood. And they've UK Government in particular, and obviously Oxford have invested a lot and refining the subject and practice. In the US, it's very different. The concept of program management really hasn't entered the collective experience, I guess, major programs are still heavily engineering based. Project management is a very familiar term. And certainly there are enough people who engage in project management, they get very frustrated by some of the program management aspects that says so much it's beyond their purview, it's just the project managers are as they should be laser focused on delivery, on time on budget, and aren't necessarily positioned to deal with the externalities that can influence that delivery schedule. So one of the bigger challenges, I think we have at least bidding projects in the US is making the case for program management being part of any large mega project, there's definitely a sense that improvements need to be made, particularly when you start talking about less quantifiable aspects like stakeholder engagement, kind of broader community outreach, communication, change management, I mean, a lot of these very established business practices that are at least familiar in the consulting world, per se, but may not have made it into the major program management world. So the big opportunity, and I guess challenge, at least again, in the US, is sharing this field and the insights that it can provide with some of the larger project constituencies, and really, you know, help the programs perform better than they have been traditionally. Riccardo Cosentino 13:09 You mentioned the United States, but I'm in Canada. And I think what you describe is really a North America phenomenon, where major program management is just not viewed as a discipline in itself. Would you ask a guest why they is in North America? How come I always say Canada is at least five to 10 years behind what the UK is. I haven't quite been able to explain why North America is behind. One of the policies I have is just the way major projects are funded, not founders centrally, like the UK, there and therefore create doesn't create a center of knowledge that the UK has with Treasury. But do you have any view on that? 13:54 That's a really good point, the centralization of a lot of the biggest projects in the UK. I think you're onto something there. I mean, that that would explain why there's been so much investment, at least in part, why there's been so much investment and trying to understand kind of the major program management phenomenon. In the US, we obviously, I guess in as in a lot of other places have a robust private sector. That very active builds a whole bunch of different things. And then we have the public sector, which is probably more focused on what you'd consider traditional infrastructure, and then your private public partnerships for for large events and stadiums and that type of thing. The US is a complex network, and pardon me for overusing complex, but I'll probably be using it a lot in this conversation. It's a rather complex overlap of jurisdictions. So for example, the federal government came out with the infrastructure plan, build back better, massive amount of money, but unlike in the UK, in the US, the federal government's role is basically to distribut and administer of money, they're not particularly involved in any of the actual construction, or conducting major programs that can happen at the state level that can happen at the local level that can happen in public private partnerships. So you definitely have a very fragmented market for pursuing any of these types of projects. So then the private side. And of course, this is financed completely differently as well. Why it hasn't made it far enough along, or as far along as in the UK? Maybe it is because there's not as much of a central actor, as there is over there. But it's an interesting research question. Maybe we can get convince some of our colleagues at Oxford to take it up. Corail 15:48 Yes, talking about research, and I know you, you are really fond of everything. Academic related, following on what you just said, Jim. I think it's really interesting for our listeners, who are leaders in major programs to get your knowledge in a bit of sense of your knowledge in the research into major program. And I know that you're fond of many frameworks that help improve major programs. And I was wondering if there was, like one framework out of your time in Oxford that you saw was particularly useful to improve the performance of major program? And could you share that with our listeners, Jim 16:32 I'm happy to share some of the conclusions I've come to and some of the frameworks I've found more useful than others. Of course, the big challenge is always empirically establishing a framework or trying to apply a framework that's been super successful in one area to another area and see, see how it goes. So there are a whole bunch out there, I think a lot of them are more applicable to certain circumstances than others. However, the framework I use for my dissertation in particular is called the Galbraith Star model. It's, it's been around forever, primarily applied to ongoing businesses, not necessarily major programs. But we had a professor at Oxford, introduce it to us, and show how it could be usefully applied to major programs in particular sort of extend its range beyond your your typical business consulting practice. So I found that one fairly useful on primarily because it's, it's sort of simple to conceptualize, it's got a are, for those who don't know, it's a five pointed star, it's got several aspects of an organization that all need to be organized in order for the organization to kind of hit its goals or realize that strategy. And in that instance, certainly applies in a major program context as well. It's also somewhat easy to understand for for people that are used to working in more traditional business environments, or sort of more traditionally practicing project management. So things like identifying a strategy or the goal of a major program, and then making sure that you've got a management structure that supports that strategy. And you'll get decision processes that help information flow among the people within the structure. The other two areas, which interestingly seem to get next to no attention are people. So the which would open up areas of psychology and and behavioral economics, and then reward structures. So how do we actually keep our people who are working on the project who are compensated in a variety of different ways, whether they're the general contractor or subcontractor, the developer, or the municipality or a government official, and everybody's sort of rewarded in different ways? So the question is, are all of those areas sort of aligned in the same direction, so you can accomplish the goals of the major program? So I guess the one of the questions is what is, you know, the perfect alignment for a major program and some of the research I did, unfortunately, was inconclusive in that area. It doesn't seem that there's a single right way to organize a major program, but provided all of those areas are aligned, I think you've certainly got a much better shot of finishing one successfully, Riccardo Cosentino 19:26 if I may jump in and follow up because that framework was a very interesting framework. I was fascinated by that class and having worked in major programs for a big chunk of my career. And I think the for me, the lightbulb moment was major program is a temporary organization. So although the Gobrecht star can be applied to major program, you have to do it through the lens that these are temporary organization. And I think that was a nuance of major program that never occurred to me So as you're designing your organization, you have to keep in mind that you have challenges and opportunities that come with a temporary organization. So, in your view, how much does that influence the way you're designing a major program organization, the fact that is a temporary one. The deal did your research touched upon that? Jim 20:23 It did. In fact, I, in some sense, one could look at the defining difference of a major program, relative to a permanent organization, is the fact that it's temporary. But when you unpack that a little bit, and you start to think about what Temporary means, offer that a lot of the permanent organizations and the permanent organization mindset is far too focused on longevity, when we actually don't see companies last as long as some of the major programs that we work on. So even though a major program may be temporary, you know, a beginning and an end, people can work on a single major program for the majority of their career. So they are so long lived, that they're, they're temporary aspects, maybe more of a perception necessarily than a mental chronological reality. And similarly, on the corporate side, where people are looking at, you know, perpetual existence of a corporation that very rarely happens. Most companies could probably benefit from thinking, and again, this is my opinion. So for all the people who own companies out there who think that I'm a fool, they're certainly welcome to that perspective. But I think companies would probably benefit more by acknowledging volatility and change and sort of the temporary lifespan of whatever a single strategy is, and maybe the major program world would would benefit a little bit from looking at their projects more organically, because they certainly do evolve over time and less from my on a sort of linear project management standpoint, where point A will never be revisited after we complete it or pass it, because we're temporary. So we're gonna do ABCDE. Whereas you're really not you're going A, B, C, D, B, C, A, D, and then kind of spiraling apps. barleys, not the right word. But hopefully your project doesn't spiral but evolving forward in a nonlinear framework. So I guess it's a long winded way of saying, yes, they're temporary, but maybe not as temporary as it's helpful to consider them being, particularly since these projects are supposed to really impact communities for generations, even if their actual construction or development is somewhat limited. And again, could be decades but somewhat limited. I think the perception behind their concepts. And what they're supposed to do for a society is far longer than even most permanent organizations. I mean, the investment we're making in any of these things is really supposed to be generational. Riccardo Cosentino 23:14 Thank you. That was interesting. Exchange, and certainly helped me revisit some of my view about major projects or temporary organization. Jim 23:25 One of the things that was glaringly obvious in my dissertation mean, there was very little that was glaringly obvious in my dissertation, it was largely failed to support the management frameworks that I had formed based on the literature. But, interestingly, of the Galbraith principles of the five points of the star, people and rewards barely showed up at all. So there was, if you think of programs, as we have discussed, having a beginning and an end, whether that's an appropriate perspective or not, they certainly do go through phases from concept of you know, what, what qualifies as completion, although I'll offer that the never really complete, but that whole aspect of people aspects and the reward aspect, explicitly tied towards stakeholders that are involved in the program, kind of a much broader perspective of who was actually involved, and then rewarding people for their involvement in the success of the program, like completely lacking. It didn't show up at all. I mean, maybe towards the later part of a project, did you start to see some considerations about people and how they were going to use the output of the of the program. But really, in the beginning, it was all strategy and structure related. I mean, it just didn't even show up. The programs are so Mayopiccally focused on, on this strategy thing that they never really, at least in my research, exhibited any consideration for people and rewards. So you got another area of research that's probably worth considering there. Riccardo Cosentino 25:16 That's interesting. So your your research show that major programs don't take the time to design a compensation structure and a reward structure to align the interests of the project with the interest of the leadership and in Jim 25:36 really, it really anybody I mean, there's there's certainly incentive based compensation mechanisms at the corporate level, you know, risk base, you come across this all the time, whether you're delivering a turnkey project, or you know, cost plus, or g max, or whatever the structure happens to be relative to the contractor. But in my experience, particularly if it's a major program within an organization, so we worked on a program, or I did with a, another friend of mine, where a company was digitalizing, their entire, basically production stream. So it was within almost exclusively within an organization, although obviously, it touched on some external partners as well. But there was no bonus incentive, there was no reward structure, there was no career path, you know, sort of advancement on to greater challenges or responsibility for implementing the program successfully. I mean, it was literally like, your job is to do it. And good luck. We'll be back in touch if things go wrong. So that to me, that, to me seems like an opportunity to to pull people in the same direction. One acknowledge more broadly, the breadth of the stakeholders that are influenced and then within the program, aligning some of those reward incentives, which may or may not need to be monetary, but aligning those reward incentives within the program to see it completed successfully. Riccardo Cosentino 27:09 Yeah, can it can resonate any makes sense? That's certainly my anecdotal experience. And when you're when you think of a major program, do you think, you know, stakeholders have a lot of influence on the success of their major programs, I've never seen in the few, one of the few major programs I've been involved with, and alignment of the project leadership to the stakeholders. So you know, you could have situation where you could have engagement with stakeholders, and measuring and getting the feedback on how the project is delivering against their needs, and aligning the compensation of the leadership to the stakeholder needs, because we know from our study that stakeholders can derail a major program. And then stakeholder management is key. So there should be a metric that should be aligned. Jim 27:59 Sure, we're in there also a tremendous asset to a program to the coordination takes a huge amount of resources. And it can be very frustrating, particularly from a project management standpoint, where there's a, there's a tendency to to go, go, go, go go. So any sort of these, these stakeholder intervention points, I think, have probably traditionally been viewed as a burden for the program. Whereas leveraging resources of a community, and this comes up a lot in my native state of Maine, particularly with some offshore wind programs, recognizing the support and resources that the local community can provide is a pretty big step. We've got these offshore wind communities obviously touch a lot of sea based industries, fishermen, marine biologists, obviously, the electricity company, but also shipping, manufacturing base quality jobs within the state of Maine. I mean, these are huge opportunities that touch so many different aspects of society. And that can be positively influenced by them. But you kind of have to start with that first perspective that there are a lot of people involved that have a lot to contribute. So engage them early and often and I you should have a better program. Riccardo Cosentino 29:24 Music to my ears. Correll, over to you again, with your series of questions. Corail 29:33 I wanted to go back to a more personal question now. What do you love most about your work and about setting up a consultancy in major in the major program industry? I think what would be interesting is to know more about you and what what does it take to be a major program leader? Jim 29:56 More about me professionally, personally, what attracts me to Do it what a, and we could go down a rabbit hole here. Corail 30:04 I'd be interested to know more about you personally, and, you know, understanding better. What do you love about your job? What drives you to this field? And yeah, what's what is your passion? Jim 30:22 So big, big question, obviously limited time in a podcast format. So I'll try to be as specific as possible. But what what drew me to the real estate industry in particular, despite my best efforts to avoid getting into what had been a family business for years, was how multifaceted is probably an overused description, but how many areas real estate touched any sort of construction project, which sort of, you know, goes back to the broader stakeholder engagement perspective, but also the number of disciplines who are are had to be involved in any successful project, from architecture, to engineering, to finance to delivery to sales, I mean, there, there's not a lot of pigeon holing within real estate, people have to be somewhat familiar with a great number of things in order to have a project delivered successfully. So, you know, personally, I like the breadth of knowledge and the breadth of engagement and the opportunity to use a whole bunch of different skills without diving maybe sufficiently deeply in any of them. My background, certainly, as I mentioned, finance, and there's that's sort of a obvious area one could focus on. But what I've discovered over my career is that any subject, such as finance, is really, again, back more to being about the constituents, stakeholders involved in the finance process. So I can run spreadsheets all day long, I can make him say whatever you want, I can regress to the mean, I can calculate internal rates of return. But what really matters is the people within the transaction, and what they what is their perspective, if I'm a lender going into a project, what Yes, I want my money paid back. Yes, I want interest to to be generated on the loan. I mean, all of these things are fairly cut and dry. But what does that actually mean for the loan officer, the person that you're working with on a day to day basis? And how does your program fit within the larger context of the organization that's lending you the money. So even within something that seems like it would be as as specific and cut and dried as finance is really a far broader and more interesting opportunity to connect with people that have a vested interest in the project? I think that is one of the things that's most appealing about being at least for me, personally, being in a consulting practice or forming a consulting practice, are, I'll say, the second most interesting thing is the breadth of engagement and the number of different subjects and aspects of major programs that you get to touch and sort of have to acknowledge at a minimum to deliver services to your clients. But hands down, the most rewarding thing is the people I get to work with. So and Oxford definitely raised that bar in terms of professionalism and capability of the people on the teams. So does that answer the question people and diversity of subjects? Maybe Riccardo Cosentino 33:28 you sold that to me? So Oh, good. Jim 33:32 No good. Should I point you to our website, because we're always looking for new clients? You Riccardo Cosentino 33:36 should you should what's, what's the website? 33:38 The company is called Two Rodes Group. Website is www.tworoadsgrp.com. As you mentioned, we've got partners in Dublin and London and here in the States. So I won't get into the story of the name. I'm not that I'm not romantic enough to do justice to it. But yeah. Riccardo Cosentino 34:03 Now you have to now. Jim 34:08 So, Robert Frost, former Poet Laureate of the United States and find New Englander wrote a poem called two roads. And the ending stanza is two roads diverged in a yellow wood and I took the one less traveled by and that has made all the difference. So when we start to think about major programs and adjusting the perspective, we tried to bring in that road less traveled, the the opportunity to make all the difference by looking at traditional forms of delivering major programs and offering some alternatives that hopefully will make a material difference. Corail 34:45 That's amazing. Thank you, Jim. Riccardo Cosentino 34:48 Very nice. And by the way, the link to your website will be in the show notes and in the episode description so the listener can can find the details if you I couldn't read it down quickly enough. Okay. I think we're coming towards the the end of the podcast currently, if you don't mind, I'll ask the final question to Jim. And so, Jim, in your mind, what would be the dream major program? What will? What would that look like? Jim 35:20 There has so the absolute dream program under sort of all circumstances, for me would be impact related, particularly related to climate change in the natural environment, having grown up in Maine and actually sitting in Maine now looking at the ocean, I think, maybe Maine culture is somewhat uniquely attuned to or dependent upon the natural world. So given all the climate related challenges that everybody acknowledges that we have now, unfortunately, any project that influences a basically preservation of the natural world is to me hugely meaningful. So whether there's delivering clean energy, whether it's considering different ways of funding, climate related initiatives, reef preservation, I'm being a little coy because we just bid on a project recently that had some of these characteristics. But since it hasn't been awarded yet, I can't get into too many details, but basically, the opportunity to use the inherent transformational aspects of a major program to to improve any of a number of situations, particularly around climate change. Riccardo Cosentino 36:32 Very nice. Okay, I think we come to the end of the podcast, Correll, any, any, any final thoughts from you? Corail 36:43 I just, I'm thinking that if every leader, were interesting in the same topics as you, Jim, we wouldn't situation we are today. So I hope you're an inspiration for all our listeners. And thank you for your time. Riccardo Cosentino 36:59 Thank you very much, Corail for CO hosting the podcast with me. Thank you, Jim, for joining us in this conversation, always stimulating conversation with you and Corail. Any final thoughts from you, Jim. Jim 37:14 It's, it's an exciting world. Major programs are definitely a topic not only were studying, but fascinating to work in. So I encourage everybody who's got the chance to consider the topic and get involved. Riccardo Cosentino 37:27 And on that, thank you very much for joining us this week, and we'll talk to you soon. Bye now. Thank you. That's it. For this episode, we'll navigate the major problems. I hope you found today's conversation as informative and thought provoking as I did. If you enjoyed this conversation, please consider subscribing and leaving a review. I would also like to personally invite you to continue the conversation by joining me on my personal LinkedIn at Riccardo Cosentino. Listening to the next episode, where we will continue to explore the latest trends and challenges in major program management. Our next in depth conversation promises to continue to dive into topics such as leadership risk management, and the impact of emerging technology in infrastructure. It's a conversation you're not going to want to miss. Thanks for listening to navigate the major programs and I look forward to keeping the conversation going Music: "A New Tomorrow" by Chordial Music. Licensed through PremiumBeat.DISCLAIMER: The opinions, beliefs, and viewpoints expressed by the hosts and guests on this podcast do not necessarily represent or reflect the official policy, opinions, beliefs, and viewpoints of Disenyo.co LLC and its employees.

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Joining Craig and Josh this month is Melissa Koide, Founder and CEO of FinRegLab — a nonprofit organization that tests and researches technology to help inform public policy and advance financial inclusion. Melissa touches on some of FinRegLab's key initiatives, including the use of cashflow data to predict credit risk and assess populations with limited or no credit history; new research the organization is doing on machine learning algorithms being used in financial services; and a partnership with Kenya's government, banks and bureaus to determine the optimal data insights needed for credit risk assessing women-owned small businesses. The group also discusses regulatory uncertainties keeping the financial industry from wider adoption of new types of data, and muses over the laws and regulations that could one day surround artificial intelligence and platforms like ChatGPT. Finally, Josh tests Melissa's Kentucky knowledge with some light trivia about her hometown. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

In this month's episode, credit union leaders Kaylyn Leese and Michael Kelly join Craig and Josh onsite at TransUnion's 2023 Financial Services Summit in Chicago. Kaylyn and Michael begin by sharing what they're excited about within the lending space followed by a discussion of the challenges credit unions are up against — including a competitive market and balancing new technology — as they pursue opportunities to support their members and communities. Our guests then weigh in on the pressure credit unions are facing to deliver high-touch, digital experiences; Josh wonders how each of their credit unions is handling change management initiatives; and the group discusses how automating processes can be very positive for employees willing to take on new skills and grow in their careers. Plus, Craig and Josh are put to the test when Kaylyn and Michael ask some questions in return! Our hosts offer their perspectives on the future of the mortgage industry, as well as explore potential fraud concerns that could arise from growing consumer pressures around immediacy in lending. Finally, to celebrate recording onsite in Chicago, Craig and Josh quiz our guests on some fun Windy City history. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

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This episode covers the current investment landscape in the world of multifamily with Marc A. Hershberg, CEO of Topaz Capital Group.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Ashley Kobovitch sits down with Marc to talk about all things multifamily investing, including current trends, emerging investment opportunities and challenges, and the importance of due-diligence in an ever-shifting economic landscape. Their wide-ranging conversation covers:Introductions, career paths, and early lessons learned working with local governments and CRE development.Maintaining and reaffirming a flexible, open-eyed investment ethos that withstands market fluctuations.The importance of regularly stress testing and finding areas to internally optimize operations to align with external goals.The most significant changes in multifamily and macroeconomic changes in the last five years.The current challenges investors face amid rising interest rates and inflation, and how investors and capital-raisers can best position themselves for potential turbulence ahead.And much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Marc Hershberg:Marc A. Hershberg began his career at UBS Financial Services, managing clients' portfolios and debt placement of over $1 billion with affiliated banks, insurance pension funds, sovereign wealth funds, not-for-profit portfolios, and private equity partners. Before founding Topaz Capital alongside J. Etan Friedman, Mr. Hershberg worked as Head of Originations and Asset Management at Brick Capital, a premier private equity and debt firm with $250 million AUM. At Brick Capital, Mr. Hershberg worked with the firm's principals sourcing alternative loan financing and debt acquisition opportunities throughout major U.S. Markets, primarily focusing on the New York Metropolitan area.Mr. Hershberg holds a Bachelor's Degree from Yeshiva University and a Master's Degree from New York University Schack Institute of Real Estate. Mr. Hershberg is a frequent contributor to leading national CRE news outlets and spends much of his time involved in various Jewish and Humanitarian-related charities.

This month on the podcast, TransUnion Chief Information and Technology Officer Abhi Dhar joins Craig and Josh to discuss how credit lenders are contending with technology enablement trends in the financial services industry. Josh and Abhi kick the conversation off by examining the global business drivers impacting how organizations — and especially leadership — are thinking about technology. Abhi notes how the pandemic accelerated cloud adoption for many financial institutions, and emphasizes how important it is for business leaders to appeal to engineering talent. Abhi then addresses what lenders can do to better adapt to these significant market changes, and Craig asks Abhi for his opinion on how tech can improve global consumer access to financial services or financial outcomes. Finally, Josh tests our guest's knowledge of an old favorite band of his: The Chemical Brothers! The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

Prospective homebuyers have been waiting for more affordable conditions, and according to data from the Mortgage Bankers Association, they might be ready to start making offers. Mortgage demand surged 7% in the week ending January 20th after skyrocketing nearly 28% the week prior. While there have been variations in mortgage demand, often following fluctuations in the federal funds rate, a 28% increase in the volume of mortgage applications hasn't occurred since the first week of March 2020.  Meanwhile, inventory isn't growing to keep pace. Homebuyer sentiment improved slightly in December. Inflation is moderating faster than some recent expectations, and a growing cohort of economists are betting the Fed will pull off a soft landing. Did we manage to avoid a housing market crash, and is the housing market already making a comeback?  Learn more about your ad choices. Visit megaphone.fm/adchoices

After focusing on market forecast trends in last month's episode, Craig and Josh are diving deeper to examine the competitive dynamics currently facing issuers — and how technology is shaping that competition. They are joined by David Shipper, a strategic advisor at research firm Aite Novarica with expertise in the card and payment space. Josh and David start by discussing the power of convenient payment methods, and how alternative digital payment apps are creating shifts in the market. David points out key customer-centric trends being overlooked by many financial institutions, while highlighting opportunities for banks willing to examine their own internal processes and digital strategies. Josh and Craig then ask David to share his advice for smaller FIs without large tech budgets, and the steps they can take to compete for market share; they discuss the growing number of partnerships between fintechs and banks; and Craig and David discuss banks' debit card and deposit populations as a source of potential card growth. Finally, David dominates Josh's credit-themed trivia questions! The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

In this week's episode of Multi-Family Method, Marc Hershberg, Managing Partner, and CEO of Topaz Capital Group, joins us to discuss his journey in the multi-family industry. Marc began his career working at UBS Financial Services managing clients' portfolios and debt placement more than $1 billion with affiliated banks, insurance pension funds, sovereign wealth funds, not-for- profit portfolios and private equity partners. Prior to founding Topaz Capital, Mr. Hershberg worked as Head of Originations and Asset Management at Brick Capital, a premier private equity and debt firm with $250 million AUM. Topaz Capital Group LLC (“TOPAZ”) is a leading private debt and equity real estate investment firm which focuses on the acquisition and development of multi-family and residential properties primarily across the US Sun Belt State's high-growth primary and secondary markets. We hope you enjoy some of Marc's insights into building a successful multi-family real estate investment company.   Resources: Home - Topaz Capital Group LLC. (topazcg.com) Marc Hershberg Social Media Handles: LinkedIn Capstone Companies Website Capstone Social Media Handles  Jad Richa on LinkedIn: Jad Richa | LinkedIn

To kick off our first episode of the year, TransUnion's Michele Raneri (VP of Financial Services Research and Consulting) and Kathy Maffei (Sr. Director of Argus Advisory, a TransUnion Company) join this month's podcast to share their predictions for 2023. Michele begins with a conversation on originations and delinquencies in the personal loan, mortgage and auto industries, and the resulting impact they could have on consumer credit health in the US. She and Craig discuss how consumers are still quitting their jobs in record numbers — despite believing a recession is coming — and what that means for consumer confidence around personal finances. Michele also explains why she believes the auto industry will see a much-needed bolster in 2023, while the personal loan sector could be facing some challenges. Next, Kathy and Josh look at the growth and strength of credit cards and deposits in a post-COVID rate environment, with Kathy noting banks should be focused on the ‘total customer perspective' by emphasizing customer loyalty with multiple products across a singular financial institution. Kathy and Josh also discuss the importance of continuing to grow balances amid challenging credit losses, and the opportunities credit card issuers can find simply by focusing on the middle of their portfolios. Finally, we get to know Michele and Kathy a little better in a lightning round of questions on their favorite topics (outside of financial services, of course): running and geography! — For questions or to suggest an episode topic, please email ExtraCredit@transunion.com. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

Interest rates, repositioning assets, impacts on M&A markets and more on this market update from Alex Loo, VP of Originations with Hudson Realty Capital.This episode was recorded at the 2023 ASHA Annual Meeting.Sponsored by Accushield, Enquire, Connected Living, Hamilton CapTel, Referah, Service Master, Peak Senior Living, Solinity, and The Bridge Group Construction.Become a sponsor of the Bridge the Gap Network.Connect with BTG on social media:YouTubeInstagramFacebookTwitterLinkedInTikTokMeet the Hosts:Lucas McCurdy, @SeniorLivingFan Owner, The Bridge Group Construction; Senior Living Construction Renovation, CapEx, and Reposition. Joshua Crisp, Founder and CEO, Solinity; Senior Living Development, Management, Marketing and Consulting.Produced by Solinity Marketing.

Interest rates, repositioning assets, impacts on M&A markets and more on this market update from Alex Loo, VP of Originations with Hudson Realty Capital.This episode was recorded at the 2023 ASHA Annual Meeting.Become a BTG Network sponsor.Listen to more BTG episodes here.Sponsored by Accushield, Enquire, Connected Living, Hamilton CapTel, Referah, Service Master, Peak Senior Living, Solinity, and The Bridge Group Construction.Become a sponsor of the Bridge the Gap Network.Connect with BTG on social media:YouTubeInstagramFacebookTwitterLinkedInTikTokMeet the Hosts:Lucas McCurdy, @SeniorLivingFan Owner, The Bridge Group Construction; Senior Living Construction Renovation, CapEx, and Reposition.   Joshua Crisp, Founder and CEO, Solinity; Senior Living Development, Management, Marketing and Consulting.Produced by Solinity Marketing.

To close out the year with a bang, December's Extra Credit episode is a double-header. Paul Siegfried, TransUnion Head of Card and Banking, joins Josh and Craig for a two-part podcast where he shares his perspectives on current consumer and competitive trends in the credit card market, and how issuers can differentiate and position themselves for growth. Part two of episode 12 kicks off with the second half of the car-themed trivia before honing in on competitive pressures facing different card issuer segments as they position themselves to acquire and retain customers, transactions and balances. Paul explains the practical value of using trended credit and alternative data to better know and understand consumers — and why that's critical to winning share of wallet. He also offers a personal take on generational differences in consumer expectations for credit and credit products. — For questions or to suggest an episode topic, please email ExtraCredit@transunion.com. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

To close out the year with a bang, December's Extra Credit episode is a double-header. Paul Siegfried, TransUnion Head of Card and Banking, joins Josh and Craig for a two-part podcast where he shares his perspectives on current consumer and competitive trends in the credit card market, and how issuers can differentiate and position themselves for growth. In part one of episode 12, the conversation explores the financial health of the American consumer and credit market dynamics, including how issuers are faring relative to other lending institutions, and what they're thinking about as they look to 2023. Paul also reveals what issuers should expect from fraudsters and offers thoughts on how to best mitigate risk. Plus, in true Extra Credit tradition, Craig gets Paul's motor running with some hard-driving trivia on one of Paul's favorite subjects. — For questions or to suggest an episode topic, please email ExtraCredit@transunion.com. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

The credit card market is the focus when Craig and Josh sit down with Bill Bostwick, Senior Vice President and Head of Atlanticus' card division. A veteran leader in the card space, Bill brings deep experience to his role as he partners with banks, retail and healthcare organizations to help the financially underserved manage their financial well-being. This conversation discusses upcoming challenges in the card market, and explores how the industry can address potential obstacles — for both issuers and consumers — as the economy continues to evolve. Reflecting on recent trends and what they foretell, Bill shares valuable insights on market dynamics and whether issuers are prepared to manage through a downturn. He talks about different ways to use data, and suggests the rising importance of alternative data — especially as consumers consider alternate financial solutions as inflationary pressures start to hit. He also covers consumer performance and support, including the need for better and more widespread financial education. Plus, Craig challenges Bill on the gridiron with hard-hitting trivia questions about his favorite NFL team, the Chicago Bears. For questions or to suggest an episode topic, please email ExtraCredit@transunion.com. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

To gain perspective on where our economy stands and where it's headed, we're delighted to welcome Ryan Boyle to this month's podcast. A macroeconomist at Northern Trust — and TransUnion alumnus — Ryan brings deep knowledge and practical insight on multiple forces at play, giving us a better understanding of what's actually happening and how. In this episode, Josh and Craig ask Ryan about the current state of the US economy and how it fits within the global context. Ryan shares his perspectives on labor and employment trends, supply chain issues, inflation — and the implications for consumer lending. He adds context to today's dynamics by looking back at how previous global events affected the US economy. He also shares his longer-term concerns for future economic impacts. Plus, Josh tests Ryan's memories of his days at University of Chicago with trivia questions about distinguished alumni, campus life and more. — For questions or to suggest an episode topic, please email ExtraCredit@transunion.com. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

Note: This episode is being re-released in it's full, un-edited format. The original version featured only a 20-minute preview—but you can now enjoy the complete conversation. Leading off Season 1 of Batting 1,000 with Dale Vermillion is none other than long-time friend and industry insider, Scott Payne. Scott is the Founder & CEO of SDP Solutions, a lead management consulting company that helps lenders and loan officers optimize their lead conversion metrics and automated communications. Prior to starting his own business Scott served as VP of Originations at NationStar for 10 years before joining the HomeCaptain team as a Vide President. Scott's background in the industry is extensive, making him one of the leading experts on CRM and an invaluable resource for anyone looking automate their tech stack. In this EpisodeIn this episode, Dale & Scott discuss... The importance of prioritizing opportunities on a daily basis for sales and service teams Leveraging a CRM to automate prioritization and personalized borrower communications Pairing white glove customer service with technology to deliver an unparalleled customer experience Key considerations for optimizing conversion rates on internet-based leads and partner referrals The importance of having trustworthy mentors to guide you toward greater personal and professional success [00:01 - 02:38] Opening SegmentIntroducing Batting 1,000 Introducing Scott Payne, CEO of SDP Solutions [02:38 - 37:38] Main SegmentBest-in-class lead management Hitting the reset button Delivering a great customer experience Prioritization, leads, and loans Maximize every hour in the day Why 'speed to lead' still matters Calculating a 'Borrower Engagement Score' Delivering a high-tech, high-touch experience Avoiding the mistake most lenders make The best time to contact prospects Keys to converting internet leads Keys to converting partner referrals Why you can't afford to be a 'Link Pusher' The art of scheduling calls with customers Adopting and adapting technology Scott's secret sauce for peak production Why outbounding matters The number one thing leaders need to keep in mind [42:30 - 50:18] Closing SegmentThe Key to Scott's success Finding trustworthy mentors Scott's latest and greatest project Scott's parting thoughts Soundbites"You can build good rapport really quickly with a customer, and build that trust so that they can....get through the application.” — Scott Payne “Everyone has their own calendar, and they're really busy throughout the day, we want to make sure we block people's time.” — Scott Payne “You have to have some sort of prioritization, even if you don't have that lead management system doing it for you. ” — Scott Payne CONNECT WITH SCOTT PAYNEhttps://linkedin.com/in/sdpsolutions1/ (Connect with Scott on LinkedIn) https://sdp-solutions.com/ (Get a FREE Consult from SDP Solutions) CONNECT WITH DALE VERMILLIONhttps://linktr.ee/dalevermillion (https://linktr.ee/dalevermillion) Find this conversation valuable?Consider leaving a 5-star review on Apple Podcasts. Every review helps us reach more professionals like you.

We're thrilled to welcome guest Rahul Gupta to this month's podcast! Having worked in financial tech, banking and payments spaces since the 90s, Rahul brings a wealth of information and insight to the table — and has many thoughts on what card lenders should expect in the coming decade. In this episode, Craig asks Rahul how new developments in the payments space could impact card lenders — which leads to the group discussing whether Payment-as-a-Service (PaaS) might become an expansion of card wholesale for vertical-based lenders. Rahul alludes to a technology revolution in which all industries eventually offer embedded payments options — from ecommerce to healthcare to B2B. Then, Josh asks Rahul how technology stacks and services will change for financial institutions (FIs) over the next 5–10 years, and Rahul weighs in on questions around specialization regional banks and credit unions should be asking themselves. Plus, Josh quizzes Rahul on California-related trivia, and Rahul offers advice to those still in the first half of their careers. — For questions or to suggest an episode topic, please email ExtraCredit@transunion.com. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

TransUnion's Jason Laky (Executive VP of Financial Services) joins this month's episode to discuss the state of the financial services industry — now that we're just over halfway through 2022. Craig and Josh inquire about consumer credit health, which Jason says is in very good shape despite a turbulent economy. Jason looks back on some industry predictions he made earlier in the year, including those regarding auto and mortgage markets, and supply and demand of consumer credit cards. Then, Craig and Josh open the floor to discuss risks and opportunities for lenders across various financial products; and Jason discusses the likelihood of a recession. Plus, Craig quizzes Jason on Dallas Cowboys trivia and international hockey standings; Jason shares his expert recommendation of the most underrated city in Europe; and explains how he's teaching his college-aged kids about the stock market. For questions or to suggest an episode topic, please email ExtraCredit@transunion.com. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

TransUnion's Rachel Goldberg (Global Head of External Affairs) and Allison Shuster (Head of U.S. Government Relations) join the podcast this month to discuss US policy initiatives affecting the financial services industry, as well as the current regulatory landscape in Washington D.C. In this episode, our guests touch on the debate regarding a federal privacy standard and how difficult it's been for legislation to pass at a federal level. Allison weighs in on possible regulatory impacts should control of the legislative branches shift during the midterms; Rachel shares her thoughts around financial inclusion efforts from the Biden administration; and there's discussion on how inflation strains are affecting policy decisions. Plus, Josh is curious about Rachel's view on policymaking re: financial institutions sharing consumer data; Allison discusses privacy initiatives at the local level; and Craig and Josh test Rachel's and Allison's knowledge of sports and restaurants in the D.C. area. — For questions or to suggest an episode topic, please email ExtraCredit@transunion.com. The information discussed in this podcast constitutes the opinion of TransUnion, and TransUnion shall have no liablity for any actions taken based upon the content of this podcast.

There's no way around it: inflation means costs are up. Insurance and construction are more expensive. When your taxes get reassessed, they're higher. You're paying out higher wages and payroll. It can hurt. On the flipside, there's higher rents to help you offset your costs, as well as a number of things you can do to protect yourself in these markets. So, what do you need to do? To get you the answers you need, I'm thrilled to welcome Chris Litzler, my capital markets broker. Chris is a Senior Director of Originations at Marcus & Millichap, where he arranges debt and advises on equity. In his first six years as a mortgage banker, he arranged over $1 billion in financing across the country. He's done 15 of my 17 syndications and is currently arranging financing for a 296-unit building we're about to buy for roughly $15 million. We talk about what's happening in lending and capital not just for multifamily, but across office, retail, industrial, hotel, self-storage, and mobile home real estate. We also dove into yield curves, and look to the future as we discuss what capital markets will look like over the next two to ten years. Key Takeaways with Chris Litzler The key indicators that you should be taking a look at in today's markets and how they affect your cash flow. How changes in commercial and residential real estate affect each other. What the Standard Overnight Financing Rate (SOFR) is and why it's likely to jump over 100 basis points in the next 90 days. How to focus on stabilization in times of volatility. The risk factors Chris is always considering when possibly buying a new property. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/272 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com