Education by Dr. Andy Schell, CPA, CMB
Accounting is complicated, and the mortgage lending process is complicated, which means that mortgage accounting is complicated. Any mortgage company manager should be able to understand and explain the financial results as well as create a profitable trajectory. The linked PowerPoint was created to help you understand the basic accounting details to successfully lead your company to profitability.
Hedging, Fair Value, Market Value, and the IRLC
ASC 820 present an indisputable process to apply fair value to the IRLC. This topic is frequently under-examined by CPA Auditors, which results in overstating the carry-value of the Derivative Asset.
Understand the amazing return on investment potentially exceeding 30%.
Hedging for Mortgage Banking - Article
Understand the important benefits and risks of hedging. Hedging is not speculation.
Hedging For CFOs: How Hedging Works.
Understand the basics of hedging. Hedging is not speculation.
How Mortgage Lending Makes Money
The OCC provides hundreds of pages explaining how mortgage banks operate and how they are to be examined.
Video - Hedge Model Validation
Listen to the often misunderstood requirements of bulletin 2011-12 that are impacted by mortgage activity.
Operational Design - Functions within a Mortgage Company
The functions of a mortgage bank are repeated by every mortgage lender in the country.
Growth Steps of a Mortgage Banker
The steps from start-up through the 10 stages of a Mortgage Banker are complicated and outlined in this presentation.
What Caused The 2008 Mortgage Crisis
The Boston Federal Reserve Bank explores the details behind the mortgage market crisis.
Additional Information by Dr. Schell at:
Doctor Schell's Blog Posts: DoctorSchell.com