MSR 101: Reviewing MSR Principles, Advantages & Disadvantages, & Key Portfolio Valuation Drivers [MCT Industry Webinar]

About the Webinar:

Join this team of MSR experts as they break down how changing market conditions affect lender portfolios, how to manage associated risk, and key valuation drivers.

Topics include:

• Defining MSR – What are Mortgage Servicing Rights?
• Advantages vs. Disadvantages of Holding Servicing
• Accounting Approaches
• Fair vs. Market vs. Economic Value
• Key Valuation Drivers
• Achieving Pricing/Value Continuity
• Current MSR Market Update

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Bill Shirreffs, Senior Director, Head of MSR Services and Sales Operations, MCT

Mr. Shirreffs brings extensive industry experience in capital markets, structured transactions, credit risk, mortgage insurance, strategic planning and sales leadership to MCT. Prior to MCT, Shirreffs gained broad secondary experience with both Fannie/Freddie (17 years), where he ultimately became Vice President, responsible for oversight of the West Region for both organizations. Due to his deep experience on Fannie’s Cash Window, Bill was tasked with becoming one of the principal architects of Fannie Mae’s “Live Pricing”, the Industry’s first electronic whole loan committing platform.

Shirreffs also spent 13 years in the mortgage insurance industry, where as Head of National Accounts he helped PMI MIC grow into one of the Industry’s leading providers in the 2000s.

Mr. Shirreffs is MCT’s Head of MSR Services & Sales Operations, responsible for overseeing all operational aspects of the sales organization and other related functions, including contract management, sales leadership, strategic planning, process improvement, and sales reporting.

Azad Rafat, Senior Director, MSR Services, MCT

Mr. Rafat is a highly experienced senior manager with more than 30 years of experience in the mortgage industry. He has over 20 years extensive experience in all aspects of mortgage servicing rights valuations, analytics, and risk management of small to some of the largest servicing portfolios. He also spent about 10 years in mortgage servicing acquisitions and sales operations, managing mortgage servicing platforms, and mortgage servicing operations and finance.

Mr. Rafat’s hand-on experience designing, building and managing servicing analytics solutions and products for the mortgage industry is particularly helpful for MCT clients who look for expertise managing their servicing portfolio. Mr. Rafat is MCT’s Senior Director of MSR Services and is responsible for ensuring MSR clients are successful in achieving their goals.

Mr. Rafat holds an MBA from University of North Florida and two Bachelor of Science degrees in Mathematics and Industrial management from Morehead State University.

David Burruss, Director, MSR Sales, MCT

Mr. Burruss is a 30 mortgage industry veteran. As Director of MSR Sales, David is responsible for marketing outreach and acquisition of new customers.

Previously Mr. Burruss worked in the subservicing and MSR world uncovering private label clients and those who wanted to sell MSR. He ran his own consulting firm offering a broad range of services like business/product development, investor relations, recruiting and outsourcing.

Mr. Burruss also has a rich legacy in the national accounts arena servicing many of the top 20 US Lenders for PMI Mortgage Insurance Company, Arch MI, and Freddie Mac. In this role, he has covered the entire mortgage manufacturing process from origination through foreclosure; creating products and services focused on generating efficiencies and uncovering profitable niches for his customers. He also lead teams who developed some of the first automated underwriting processes in the industry.

Mr. Burruss holds a bachelor’s degree from Carson-Newman University and is recognized as an AMP through the MBA.

Natalie Martinez, Sr. Manager, MSR Services & Client Success, MCT

Natalie joined MCT in 2015 starting in the Lock Desk Division and eventually becoming a Senior Lock Desk Analyst overseeing 11 Lock Desk clients and 5 analysts, before transitioning to the MSR Division in 2017. Within a few short years, she moved into her current position as the Manager of the MSR Services Department & Client Success. where she manages MCT’s MSR Analysts, oversees portfolio valuations, and is an integral part in updating and refining the MSR Department’s flagship model MSRlive!, revising the prepayment model, and making structural changes to enhance the user’s experience.

Ms. Martinez is now the most senior MSR Analyst at MCT, and has not only ensured the success of existing MSR clients, but also helped grow the number of MSR clients this year to over 100, all while training new MSR Analysts and doubling the size of the department. She focuses on the success of every MSR client from assisting them in managing their MSR asset through MSRlive!, to meeting one-on-one and hosting client webinars to provide insight on current market conditions and clarity on current MSR updates. She always strives to give 100% to each client she helps.