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Study Group: Title Insurance Experts: Mortgage Professionals

Council Members in this Study Group: 27

This study group may include experts knowledgeable on commercial banking, retail banking, asset management, mortgages, consumer finance, exchanges, capital markets, transaction processing, credit cards, insurance, and business services.

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Leading Experts in this Study Group

Brian Hershkowitz, Chief Executive Officer, Maximum Value GroupBrian Hershkowitz

Chief Executive Officer
Maximum Value Group
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.What is a Premium Council Partner?|Premium Council Partners are leading Professional Service Firms that work exclusively with GLG.

Brian F. Hershkowitz is Chief Executive Officer of Maximum Value Group, a consulting firm focused on providing advice to private equity and other market participants in the area of banking and mortgages. Prior to starting his own practice in Dec 2006, he was EVP at Fidelity National Information Services...

7 recent news post(s)
4 recent event(s)
Joseph Smith, II

President & CEO
Default Mitigation Management
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Joseph Smith is the President and Chief Executive Officer at Default Mitigation Management (DMM), an industry leader in mortgage workouts. DMM works with both borrower and the lender to resolve defaulted loans. The firm has worked or is working with the following lenders: US Bank, Kentucky Housing,...

23 recent news post(s)
Gregory Samp, Principal, Maximum Value GroupGregory Samp

Principal
Maximum Value Group
What is a GLG Scholar?|GLG Scholar denotes Council Members with a CouncilRank(SM) in the top 20%.What is a Premium Council Partner?|Premium Council Partners are leading Professional Service Firms that work exclusively with GLG.

Gregory Samp retired from Lender Processing Services (LPS/FIS)and is currently serving as a Principal with a consulting firm, Maximum Value Group. He has spent thirty years overseeing virtually every Mortgage Banking operational function including loan production, servicing, secondary, risk management,...

1 recent news post(s)

GLG NewsSM Analyses by this Study Group's Leading Experts (?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.

Will only owrk if they do something with the mortgages!

December 12, 2008

Joseph Smith, II, President & CEO, Default Mitigation Management

RBS Promises Borrowers Six-Month Respite Before Foreclosing on Mortgages | www.bloomberg.com

1. Only works if the loans are re-performed. 2. Can be a rat in the snake waiting to pass. 3. Can make the situation worse with failure to reperform 4. There are good and bad modifications

Blame the models and Risk Based Pricing

September 30, 2008

Joseph Smith, II, President & CEO, Default Mitigation Management

Why Risk Models Failed to Spot the Credit Crisis by Adam Davidson | www.npr.org

Models only cover certain variables and the crisis involved much more than mortgage pricing and a few macroeconomic issues. Risked based pricing as used in the mortgage industry had an underlying flaw that caused the models to fail. Greed played the other part.

What to expect from the bailout.

September 12, 2008

Joseph Smith, II, President & CEO, Default Mitigation Management

U.S. bails out Fannie Mae, Freddie Mac, ousts CEOs | www.bizjournals.com

1. Shows how truly bad the mortgage industry has gotten and how scared the feds are of where we are going. 2. If the major source of liquidity can not survive, who will? 3. What should be the outcome.

UBS Pain far from Over

May 28, 2008

Joseph Smith, II, President & CEO, Default Mitigation Management

UBS Falls After Saying More Mortgage Losses Possible | www.bloomberg.com

The news is not good for UBS. The amount of mortgage holdings in US and Non-US declining markets will lead to further losses. 1. $45 B of additional US Mortgage Holdings. 2. An undisclosed amount of non-US mortgage holdings. 3. A UK and Eurpoean mortgage market that is going down as well. 4. The slump...

The Real Write Downs - Whats in a number

May 27, 2008

Joseph Smith, II, President & CEO, Default Mitigation Management

Banks Keep $35 Billion Markdown Off Income Statements | www.bloomberg.com

The article is right on target in pointing out the various issues around bank reporting their losses todate. 1. Allowable accounting standards. 2. Permanent versus Temporary Losses 3. Capital Requirments The article goes on to highlight the various issues around soveriegn wealth funds, capital levels...

View All GLG News by members of this Study Group

Members in this Study Group include these company types:

  • Residential Mortgage Origination
  • Full Service Residential Mortgage
  • Consulting Firm
  • Brokerage/Agency
  • Commercial Mortgage Origination
  • Independent Consulting Firm
  • Insurance Company
  • Operative Builder/Developer
  • Software & Services

Members in this Study Group often have these job titles:

  • President
  • Director
  • Chief Executive Officer
  • Loan Officer
  • Principal
  • Associate
  • IT Manager
  • Operations Executive
  • Sales and Marketing Director
  • Consultant
  • Director of Sales
  • Loan Processor

Related Study Groups

Study Group Name No. Members
Title Insurance Experts 110
Mortgage Brokers 1036
Retail Mortgage Origination Experts 1228
Sub-Prime Lending Experts 590
Subprime Mortgage Experts (US) 531
Council Members Knowledgeable on Mortgage Guaranty Insurance 202
Mortgage Servicing Experts 218