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