FBC Press Room Blog

Fourteen Certified Mortgage Bankers Recognized by the MBA

October 23rd, 2014 by

MBA_Education_Logo_10_20_14

MBA Education, the award-winning education division of the Mortgage Bankers Association (MBA), recognized 14 individuals who earned the Certified Mortgage Banker (CMB) designation at a ceremony held at MBA’s 101st Annual Convention & Expo in Las Vegas. Earning one’s CMB is the highest professional honor within the real estate finance industry.

The 14 CMBs who received their designations this past calendar year will join a group of more than 1,200 industry professionals who have proven their commitment to excellence within the mortgage banking industry.

“The knowledge that comes with the CMB accreditation is the most significant component of this honor because it positions one to navigate today’s ever-changing landscape,” said MBA Chairman Bill Cosgrove. “I applaud this year’s graduates and wish them luck in their continued career advancement.”

CMB candidates must acquire 150 points earned through a combination of professional experience, secondary education, continuing education through MBA-sponsored events and MBA Education courses, as well as participation in MBA at the local, state and/or national level. After accumulating the required points and passing a comprehensive written exam, candidates must demonstrate industry knowledge by passing an oral exam conducted by a panel of CMBs.

“I join MBA Chairman Bill Cosgrove in congratulating all of this year’s CMB graduates for achieving this noteworthy milestone,” said Jeff Schummer, MBA’s vice president of Education Development. “Because of this honor, each now has a new set of skills that will serve them well going forward.”

Candidates have the option of choosing among the Commercial CMB, Residential CMB or Master CMB designations. The Master CMB is a combination of both commercial and residential mortgage banking disciplines, while the Residential CMB and Commercial CMB focus on their respective subfields of the mortgage industry.

In June 2009, MBA launched the Executive Certified Mortgage Banker program. Designed for busy professionals, this program allows candidates to substitute their real-world knowledge and experience for many of the educational requirements of the CMB program.

In order to be eligible for the CMB designation, candidates must either work for an MBA member company or be a member of a recognized state MBA. Every candidate for an Executive CMB is required to have a minimum of 10 years of experience in real estate finance and hold a senior management position at an MBA member company.

MBA Education awarded the following industry professionals with the CMB designation from November 2013 to October 2014:

Residential CMB Designees
Daniel H. Aminoff, CMB, AMP: Branch Manager, EverBank – Alexandria, Va.
​►Michael Bekes, CMB, AMP:  Vice President, Wells Fargo Home Mortgage – Milwaukee, Wis.
​►Jonathan M. Grafflin, CMB, AMP: Key Account Executive, Chase – Irving, Texas
​►Peter A. Hinrichs, CMB, CRU: Senior Director, AgStar Home Mortgage Services – Rochester, Minn.
​►Bruce Meyers, CMB: Branch Manager, First Home Mortgage Corporation – Bethesda, Md.
​►Joe Nunziata, CMB, CRO: Chairman, FBC Mortgage, LLC – Orlando, Fla.
​►Joseph Panebianco, CMB, CFA: President and CEO, AnnieMac Home Mortgage – Mount Laurel, N.J.
​►Todd Potter, CMB: National Correspondent Sales Manager, Envoy Mortgage – Brighton, Mich.
​►David Rembert, CMB, AMP: Branch Manager, Cornerstone Home Lending, Inc. – Belton, Texas
​►Matthew J. Whalen, CMB, AMP: Assistant Vice President, Wells Fargo Home Mortgage – Champaign, Ill.
​►Andrew C. Wideman, CMB, AMP:  Senior Vice President-National Sales, Title Source – Denver, Colo.

CMB Designees from the Executive Certified Mortgage Banker program
​►
Michael Kaysen, CMB: Chief Operations Officer, Home Point Capital – Ann Arbor, Mich.
​►Eduardo Perez, CMB: President, Equity Loans, LLC – Atlanta, Ga.
​►Souren Sarkar, CMB: Managing Partner, Advantium Mortgage Solutions – Fort Lauderdale, Fla.

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Foreigners riding the U.S. real estate market up

October 14th, 2014 by

mpa

Favorable exchange rates, affordable home prices and relatively inexpensive financing continue to drive international home buyers to the United States, and lenders are taking notice.

At HSBC, foreign-national mortgages accounted for about 35% of its U.S. home lending business so far in 2014, according to Peter Alongi, senior mortgage manager at HSBC’s New York City office. Alongi said the bank has consistently experience year-over-year increases.

International home buying in the U.S. increased 35% between March 2013 and April 2014, with Chinese buyers outpacing the rest. The Chinese spent $22 billion of the total $92.3 billion international home buying volume during that time period, according to the National Association of Realtors (NAR). Overall, foreign clients made up about 7% of transactions in the $1.2 trillion U.S. residential real estate market.

Other lenders are showing interest, too. Mega Capital Funding, a Calabasas, Calif.-based lender, started lending to non-residents in June after seeing rising demand from Chinese buyers, according to Bloomberg. Orlando, Fla.-based FBC Mortgage increased its mortgages to international buyers by 65% in 2014 compared to last year.

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BREAKING NEWS – See Why FBC is the State’s Most Trusted Mortgage Banker for Home Buyers

October 9th, 2014 by

#2moneymortgage sm[...] Read More

BREAKING NEWS – See Why We Are The State’s Largest and Most Trusted Lender For Home Builders

October 9th, 2014 by

#1Construction sm[...] Read More

BREAKING NEWS – See Why FBC is Central Florida’s Most TRUSTED Lender for Home Buyers

October 9th, 2014 by

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Mortgage Lender FBC Mortgage, LLC Releases Record Rankings

October 8th, 2014 by

Orlando, Florida – FBC Mortgage, Florida’s largest mortgage banker, is now the largest new construction mortgage lender in the State of Florida based on data contained in a report from MortgageDataWeb.com*.  FBC Mortgage is also the second largest lender in the state for purchase money mortgages, trailing only Wells Fargo Bank.  MortgageDataWeb.com* pulls public records data from all counties in the State of Florida.  “As a company, we have always focused on the purchase market.  We were happy to see the results of our team’s hard work.  Moving forward our goal is to replicate our success in Florida in other markets that we serve,” stated Rob Nunziata, CEO and Co-Founder.  FBC is based in Central Florida and has 340 employees in the State of Florida and over 400 employees nationwide.   FBC is licensed in 43 states and has offices throughout the U.S.

*MortgageDataWeb.com powered by CBMI (2014, August 29). Retrieved from http://www.mortgagedataweb.com. Reports provided upon request.
 

About FBC Mortgage
Founded in 2005 in Orlando, Florida, FBC Mortgage, LLC, A Sterne Agee Group Company, is a National Mortgage Lender headquartered in Orlando, Florida and operates under the FBC Mortgage, Sterne Agee Mortgage, and Home Loans Today names. FBC Mortgage provides competitive rates on home loans (FHA, VA, Conventional, Jumbo, USDA), construction loans, and FHA 203k rehab loans. The award-winning company also specializes in refinancing home loans. Visit us on the web at www.fbchomeloans.com or call us at 1-866-413-2563 to schedule your free mortgage consultation.[...] Read More

From card table to 13 locations, FBC Mortgage expects big gains for 2014

October 6th, 2014 by

ORLBusiJour

FBC Mortgage LLC has come a long way from when brothers Joe and Rob Nunziata started the firm on a card table in 2005. Now, the company has 13 locations, including a recent acquisition in Jacksonville, 385 workers companywide and expects to close 9,250 loans worth $2 billion for 2014, making it one of Central Florida’s largest mortgage lenders.

Here, CEO/President Rob Nunziata talks about challenges and more:Rob Nunziata

How you’re using technology to increase sales? We developed a point-of-sale kiosk to put on-site at builder and Realtor offices. We also have a development department with six programmers to help automate many manual functions. For example, we automated the appraisal, flood certification and IRS verification process. And we started to focus on social media like Twitter, Rate Your Lender and Facebook.

Key accomplishments in the past 12 months? Staying profitable in a difficult market. The competition has increased dramatically, so the number of closings has gone down tremendously because 70 to 80 percent were refinance transactions. A lot of companies focused on the refinance transactions now are moving into that purchase market.

Most difficult challenges? Keeping up with regulatory changes and increased competition. We learned that we needed to make quality control and compliance one of our major areas of focus. Today, we have two full-time attorneys on staff and more than 15 people in those two departments. Before 2011, we didn’t have any staff attorneys and a small quality control and compliance staff.

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Brits Get Disney Fix as U.S. Banks Lend to Foreigners

October 6th, 2014 by
bloomberg
By Heather Perlberg and Prashant Gopal Sep 23, 2014 11:03 AM ET

Adele and Mark Lee, who live in England with their three children, said they got approved for a U.S. mortgage without setting foot on American soil. The vacation home they’re buying near Florida’s Disney World would have been out of reach if they had to pay all cash.

“It would have been a stretch,” said Adele, a 35-year-old nursery school teacher, speaking from the family’s home near Birmingham. “We wanted to keep some money here just to fall back on.”

The Lees are using a foreign-national mortgage, a loan for overseas buyers that required a 40 percent down payment, to purchase the five-bedroom house later this month for $423,000. Adele and her husband, a construction worker, plan to rent the Orlando property when they’re not living in it.

Lenders are providing greater access to credit for non-U.S. residents to finance vacation houses and investment properties. Foreign buyers, who are helping to fill a void left by Americans facing high borrowing hurdles, spent about $35 billion on U.S. homes using mortgages in the 12 months through March, a 46 percent increase from a year earlier, according to the National Association of Realtors.

“The American pool of borrowers is drying up,” said Anthony B. Sanders, an economics professor at George Mason University in Fairfax, Virginia. “Middle-class borrowers have flatlined due to low income growth, and domestic investors are finding it less appetizing because the foreclosure inventory has dried up. So who do you go to? Foreign investors.”

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FBC Mortgage Deploys VirPack’s Document Management and Delivery System

June 17th, 2014 by

MortgagePro

Virpack

VirPack has announced that FBC Mortgage LLC has selected and deployed VirPack’s Document Management and Delivery System. FBC Mortgage, a Sterne Agee Group Company, is a national mortgage lender based in Orlando that works with borrowers, as well as many of the largest real estate firms and builders in the U.S. The firm has proven expertise in residential mortgage lending, from purchasing to refinancing to construction lending.

“FBC Mortgage is focused on originating mortgages as efficiently and cost-effectively as possible while ensuring compliance with federal, state, and investor regulations and requirements. We leverage technology wherever possible to make it as easy and as fast as possible for borrowers, loan producers, and our processing staff to originate loans with FBC,” said Tony Eelman, chief operating officer at FBC Mortgage. “We have created competitive advantages with our technology and continually seek to strengthen our competitive position with on-going technology innovation.” (more…)

National Mortgage Lender, FBC Mortgage, LLC Announces New Partnership with HomeBanc N.A.

March 18th, 2014 by

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