What Were We Thinking? A Global Perspective on 40 Years of US Mortgages with Mike Hyman | S2 Ep3 | CMBConnect
Description
Ever wonder what the mortgage industry was like with 17% interest rates, paper files, and no internet? Rates were locked by phone, deals were made with a handshake, and entire loan files were shipped in cardboard boxes.
In this episode, we step into a time machine with Mike Hyman, Certified Mortgage Banker (CMB), a 43-year industry veteran celebrating his 30th year with the designation. He shares incredible stories and lessons learned from his unique global perspective, having managed mortgage operations in the UK.
Connect with Mike: LinkedIn https://www.linkedin.com/in/michaelahyman/
Chapters
00:00 The Evolution of the Mortgage Industry
20:08 Fannie Mae and Freddie Mac: The Innovators
26:05 The Rise of Subservicing
31:40 The Birth of Reverse Mortgages
37:52 International Perspectives: A Global Mortgage Experience
46:01 The Aftermath of 2008: Industry Reflection
48:27 What is Offshoring in the Mortgage Industry?
01:04:23 The Future of Mortgage Banking: AI and Customer Focus
01:08:44 The Role of Education in Mortgage Banking
United States
