Skip to main content

Mortgage Banking Solutions adds Paul M. Peters as senior mortgage consultant

Jun 09, 2010

Mortgage Banking Solutions has announced that long-time mortgage banker Paul M. Peters, CMB has joined the company as senior mortgage consultant. Peters will concentrate his national practice primarily on bank and credit union-owned mortgage operations. “I am very pleased to join the dynamic and professional team at MBS," Said Peters. "They are well-known for their depth of knowledge and the professional integrity of the entire team. I look forward to a great association with MBS.” Peters has extensive experience in all areas of bank and credit union-owned mortgage operations having over 34 years of hands-on mortgage banking leadership experience. Most notably, Peters served as president of Hibernia Bank’s Mortgage Division (Hibernia was acquired by Capital One Bank in 2006) for over 12 years and continued as president of Capital One Mortgage NA for two years after the merger. During his career at Hibernia/Capital One, the mortgage operation was nationally recognized as a top producer of retail and correspondent loan production and recognized by peers and leaders in the industry as a top-performing mortgage operation. “We are delighted to have Paul bridge the gap between FDIC banks and mortgage lending,” said David Lykken, managing partner with MBS. Peters understands the challenges and opportunities of bank-owned mortgage operations with regard to profit contribution, regulatory compliance issues, mortgage-specific risk mitigation, cross-selling of other profitable bank products and customer service/retention that are specific to a bank or credit union. “The mortgage division of a bank should be complementary to all the other bank divisions and, through consistently good customer service and well thought-out cross-sell policy, the closing of the mortgage loan for a satisfied customer should serve as an excellent entrée for cross-sells of several other valuable bank products.,” said Peters. Peters holds a bachelor’s degree in finance and earned the Certified Mortgage Banker (CMB) designation in 1991, the highest professional designation awarded by the Mortgage Bankers Association of America (MBA). For more information, visit www.mortgagebankingsolutions.com.
About the author
Published
Jun 09, 2010
STRATMOR, Teraverde Deal A 'Merger Of Equals'

The recent merger of mortgage advisory firms came without the need to lay people off or make any major staffing changes.

May 23, 2024
NEXA Pays Loan Officers 100% Of Commission Splits

LOs won't pay per-file fees or other hidden fees with NEXA100, says NEXA Founder and CEO Mike Kortas.

May 22, 2024
The Right Prescription

‘Doctor Loans’ making healthy strides in Florida

May 21, 2024
123 Newrez Employees Laid Off In Florida and Colorado

WARN Notices were filed the day after Computershare Mortgage Services, SLS acquisition closed.

May 07, 2024
Ishbia Predicts A Rate Cut By Election Day

CEO of United Wholesale Mortgage shares 'personal perspective' in new YouTube video

May 03, 2024
Yield Curve, Schmield Curve?

The yield curve is a harbinger, not the be-all, end-all for lenders.

May 02, 2024