Skip to main content

Quontic Bank CEO Steven Schnall To Tackle Non-QM And CDFI Certification On Today's Mortgage Leadership Outlook

Navi Persaud
May 12, 2020
Headshot of Steven Schnall and marketing for May 12 livestream

Non-QM expert Steven Schnall, CEO and chairman of Quontic Bank, is next up on the Tuesday, May 12 episode of Mortgage Leadership Outlook. Schnall will engage in a virtual chat with series host Andrew Berman, head of engagement and outreach for National Mortgage Professional magazine, to discuss how his company has been coping during the COVID-19 pandemic.
As the COVID-19 continues to pose challenges for the mortgage industry, the Mortgage Leadership Outlook series looks to help you, the mortgage professional, navigate through these times of uncertainty. That's why we want you to be a part of the conversation between Schnall and Berman too! Tune in to the NMP Facebook page and post your questions in the comments section.
Schnall founded Quontic Bank in 2009 with a customer-centric focus. Schnall earned Quontic Bank the U.S. Department of the Treasury’s designation as a Community Development Financial Institution (CDFI). Quontic received the designation due to its focus on lending to low-to-moderate-income individuals and small businesses. The CDFI Certification allows Quontic Bank to empower low-income and underserved people and communities to enter the financial mainstream. Certified CDFIs are eligible to apply for awards through a variety of programs offered by the CDFI Fund. These awards enable CDFIs to finance a wide range of activities—including mortgage lending for first-time homebuyers, flexible underwriting for community facilities, and commercial loans for businesses in low-income areas. Through varying strategies, each CDFI contributes to the cultivation of a healthy and stable local economy.
Join Schnall and Berman, as they answer all of your questions live, and discuss important topics in the industry at 4:00 p.m. ET/1:00 p.m. PT today via NMP's Facebook page.
Previous guests in the Mortgage Leadership Outlook series include Mat Ishbia, Carissa Robb, Robert Stephens, Christine Beckwith, David Luna, Barry Habib, Gary Malis, Faith Schwartz, Rob Chrisman and more.
See all the interviews from the Mortgage Leadership Outlook series on its YouTube channel.

Supreme Court Gives Biden Full Control Over Federal Housing Finance Agency

The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.

Industry News
Jun 23, 2021
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021