IRVINE, Calif.--(BUSINESS WIRE)--PCMA, the pioneer and leading voice in Non-Bank Private Client Lending, will be sponsoring and presenting at the virtual IMN Non-QM Conference; July 16th at 11:00am PT/2:00pm ET. EVP of Credit and Strategic Initiatives, Bryan Filkey, will be speaking on the “Minimizing Underwriting & Financial Risk For Non-QM Loans” panel.
“The expanded prime market has taken a beating during this current pandemic,” said Bryan Filkey, EVP of Credit and Strategic Initiatives at PCMA. “As lending standards begin to open up again, it is our job to show that expanded prime borrowers are some of the most credit worthy and will only help expedite our economic comeback.”
Brian Filkey EVP of Credit and Strategic Initiatives at PCMA is covering Minimizing Underwriting & Financial Risk For Non-QM Loans alongside fellow industry expert panelists: Kenon Chen, Executive VP of Corporate Strategy Clear Capital; David Grider, VP of Northwest Sales HomeXpress.
John Lynch, CEO of PCMA, will also be speaking at this virtual event. John and a prestigious list of panelists will be speaking on the panel: Finding New Business & (Re) Starting Your Non-QM Origination Program.
As the Non-QM market returns IMN has programmed a virtual event aimed at enacting the key industry systems and procedures needed to partake in this comeback. The webcast will address best practices in minimizing risks while profitably underwriting for this economy; the new paradigm in valuation; managing and hedging inherent Non-QM exposures; as well as the current realities of financing Non-QM loans.
Register for free at: https://zoom.us/webinar/register/3115946734605/WN_cSpdKaMTQoOliBOsratq4g
“The vast majority of loans are backed by tax-payers and the risk of these loans (one could argue) are greater than the expanded prime loans that have been unfairly labelled Non-QM,” said Filkey. “Non-QM loans above 43 DTI are performing significantly better than GSE loans, yet they are held to a stricter standard due to poor legislation and a bias based on a category name, not based on the very credit worthy client.”
PCMA is the leading non-bank private client lending organization serving the needs of their mass affluent and high net worth clientele. PCMA offers qualified individuals and institutions bespoke lending solutions across all major residential asset classes. PCMA is a diversified financial enterprise offering private client solutions through a direct to consumer and distributed retail business model. PCMA strives to build trusting and enduring relationships by putting clients and professional partners at the center of all they do. PCMA is headquartered in Orange County, CA. Additional information is available at www.pcma.us.com