MCT & ACUMA Webinar – Strategies for Credit Unions to Mitigate Market Risk
This webinar from June 22, 2023 has concluded. Please view the recording and slide deck below.
This webinar provides a current market overview and includes actionable insights and recommendations for credit unions to mitigate market risk. Panelists also review strategies to improve profitability to add value for members. Watch this webinar for insights related to hedging and trading recommendations, as well as how to leverage technology and automation for improving profitability and efficiency.
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About the Webinar:
In this webinar, MCT’s Phil Rasori and Andrew Rhodes, along with ACUMA’s Peter J. Benjamin, CMB, provide strategies for credit unions to mitigate market risk.
Topics Include:
- Market overview
- Review of pipeline hedging instruments and their effectiveness on mitigating risk
- Trading best practices recommendations for credit unions
- Outsourcing, technology and automation
- What to look for in the future
- Questions and answers
View the recording below or download the slide deck.
About the Webinar Presenters:
Peter J. Benjamin, President, ACUMA
Benjamin has 20 years of mortgage lending experience including the last five years as Senior Vice President of Mortgage Lending for Lafayette Federal Credit Union in Rockville, MD. During his time at Lafayette, Benjamin led a high performing mortgage team that exceeded production and budget goals each year, reduced the Credit Union’s cycle times to the industry required timeframes; and dramatically improved the credit union’s application pull-through rate. He also led the development of portfolio products including a first-time home buyer program, implemented a new loan origination system and point of sale system and transitioned the Credit Union from a primarily portfolio lender to an organization that sells loans on the secondary market.
Peter J. Benjamin, CMB, President, ACUMA
Phil Rasori, Chief Operating Officer, MCT
Mr. Rasori is a recognized thought-leader in capital markets operations within the mortgage banking community. His areas of expertise include complex financial modeling, computational dynamics, and linear programming for operational optimization. He developed the ground-breaking mortgage pipeline hedging algorithms that form the foundation of MCT’s HALO Program today. He has also pioneered several metrics that have become standard industry parlance, including “beta pull-through” factors. In addition to banking clients, Mr. Rasori has consulted with GSE agencies and the US Government on hedging best practices for community banks. Mr. Rasori has functionally led MCT operations since 2005 and ascended to his current role as COO in 2007.
Mr. Rasori is a graduate of University of California, San Diego, and holds a B.S. in Management Science.
Andrew Rhodes, Senior Director, Head of Trading, MCT
Mr. Rhodes began his career with MCT in 2005 as the company’s first dedicated loan sale specialist. He initially created investor specific models to accurately produce market based mandatory pricing for all pricing aspects in MCT including rate sheet generation, best executions, and fair market valuations. During the years following his hire, his role was redefined to include client pipeline risk management. Over the years he was able to grow with the company gaining skills and experience in multiple fields in secondary. He was soon after named as SVP of Trading. As a part of his daily operations he has been responsible for overseeing the risk management and loan sale execution for many of MCT’s clients. Outside of the daily operations, Mr. Rhodes has been instrumental in helping to roll out MCTlive’s BAM Platform among many of the other new initiatives at MCT.
Mr. Rhodes graduated from the University of California, San Diego, and holds a B.A. in Economics.
