Oct YTD Actuals
$21,113,727
What is YTD GOS?
$788,677,144
What is total budgeted volume in dollars for 2022?
The interest rate risk of commitments to originate fixed-rate one-to-four family residential mortgage loans held for sale.
What is Interest Rate Lock Commitments?
Gross Expense divided by Loans Closed (i.e., Oct 2021: $769,641/207)
What is Loan Expense?
Teaches Financial and Managerial Accounting classes at night for Lindenwood University and St. Charles Community College.
Who is Jeff Joyce?
$13,536,732
What is YTD Total Compensation?
2,564
What is total budgeted volume in units 2022?
Recognized as assets or liabilities when servicing is purchase or when a company sells or securitizes loans acquired through purchased or originations and retains the right to service the loans.
What is Mortgage Servicing Rights?
GOS-3rd party + MTM + OMSR+ Portfolio Credit
What is Gain on Sale components?
Has worked at First Bank for almost 26 plus years and whose birthday is the same as their anniversary date.
Who is Laura Blessing?
$6,397,281
What is YTD NOI?
$500M (hint: LOC)
What is Warehouse Lending Commercial Line of credit budget goal by Sept 2022?
Servicing rights recorded at this value
What is Fair value?
Non-Interest Expense
divided by
Net Interest Income + Non-Interest Income
What is Origination Efficiency?
Has worked in Mortgage for 2+ years but whose experience expands over 30+ years in Banking.
Who is Monique Dattilo?
887,274,148
What is YTD Volume in dollars?
$331,800,000
What is total budget volume $ for No & So Cal?
A deferred second balance set up on mortgage residential loans as the result of a modification.
What is a piggyback balance?
GOS divided by closed loans
What is Gain on Sale Margin?
These two individuals have worked for First Bank for 20+ years. One handles our Investor Reporting and the other handles our wires and other DDA account reconciliations.
Who is Deanna Glover and Barb Morris?
$2,356
What is YTD Origination Expense per Loan (i.e., loan expense)?
$252,255,000 & $204,622,144
What is the total $ volume budget for KS/NE and STL?
A Mortgage Loan where the related Mortgage names MERS as the original mortgagee
What is a mom loan?
(Servicing Multiple * Current Balance) + (Remittance Value % * Current Balance) + (T&I Float % * Current Balance) + (Additional Income % *Current Balance) – (Servicing Cost % * Current Balance)
What is Net Servicing or MSR Valuation Methodology?
Worked for Mercantile Bank and managed their Investor Reporting team.
Who is Sandy Nagle?