Inlanta Mortgage Attends the 2017 WBA Bank Executives Conference

Inlanta Mortgage was thrilled to be represented by our own Third Party Originations Manager, Dave Stephan, and our Account Executive, Aaron Kaczorowski, at this year’s Wisconsin Bankers Association Bank Executives Conference on Feb. 6-8th.

While we had a great time networking with fellow professionals, promoting Inlanta, and handing out Starbucks gift cards, we also had the privilege to learn more about our banking community.

We asked Dave to elaborate more on the conference and his insights are below.

“The WBA Bank Executive Conference wrapped up a few weeks back and as a first time attendee with Inlanta Mortgage, I couldn’t help but be struck by the vibrancy and overall participation by our banks in Wisconsin. In my position managing Inlanta’s third party originations channel, we work exclusively with chartered financial institutions and throughout my career, I have worked closely with the states community banks. During that time, I have developed a strong admiration and respect for the role they play in our cities and towns across Wisconsin.

I thought it would be worthwhile to know what the average asset size was of the conference participants, and a brief rundown showed that it was approximately $366 million. That led me to look up just what is a community bank? The Fed defines it as a bank with less than $10 billion in assets which by any yardstick seems a trifle high. Frankly, it’s difficult to imagine walking into my friendly, community, $10 billion bank. Other definitions cap assets at $1 billion and also talk about the deep ties these banks have to their surrounding communities and the people that live there – much more accurate in my opinion.

Of the 227 banks in Wisconsin, only about 25% are above that $366 million asset level and yet hold 75% of the total statewide assets. That leaves the other 75% holding the remaining 25% of total statewide assets. Indeed, the overall average size of our banks is $460 million, and if you take off just the top 3 that number drops to about $255 million.  Clearly, we are a community bank state.

When I started in this business fresh out of college (for a bank that no longer exists), there were about 575 banks chartered in Wisconsin. I’ll let you, dear reader, figure out that approximate date, but historically it was not too long ago and now we are at less than half of that. While economic conditions will speed and slow the pace of consolidation in the future, there is no doubt that intertwined demands of technology, compliance, and economies of scale will continue their relentless march. More efficient? Probably. Better? That’s another discussion, but at Inlanta our intuition says no. Which is why we developed an alternative to help you compete.”

Inlanta Mortgage’s Third Party Mortgage Origination platform is tailored to the needs of the community financial institution. Inlanta can provide the technology through a web-based platform that your lender or borrower can easily take a complete and compliant mortgage application, including conventional, FHA, USDA and jumbo. We can provide compliance relief by managing disclosures, processing, underwriting, and closing docs, and finally, we can provide economies of scale through a lending infrastructure that closed over a billion dollars in volume for 2016.

Let us help you originate more and worry less in 2017. Need more information?  Contact Dave directly at davestephan@inlanta.com or call 262.754.6292. You can also visit our LinkedIn page here

Welcome Brian Jensen! Meet Our Newest Addition to Team Inlanta

Inlanta Mortgage, Inc. is pleased to announce the addition of Brian Jensen, Regional Vice President of Business Development, to Team Inlanta.

Inlanta Mortgage’s President & CEO, Nicholas DelTorto, welcomed Brian on board this month stating,

“Inlanta has seen significant growth over the past year. We moved corporate headquarters to a new building to accommodate our expanding staff, we have added 4 branches within the last quarter, and we want to expand our footprint in Colorado and Texas and continue to grow our presence in the North East and elsewhere across the country. Brian Jensen will help us accomplish our planned growth strategy by serving a vital role on our Business Development team.”

We are thrilled to have Brian on our team! Brian brings to Inlanta over 26 years of experience in the mortgage business with a previous background in both wholesale and retail sales, capital markets, finance, servicing, and REO management, giving him a remarkable base of expertise to adapt to any inevitable changes the market may face.

Jensen recently discussed his move to Inlanta Mortgage stating,

“There are some simple guiding principles behind Inlanta’s success that drew me to the company: integrity, strength, service, and respect. These guiding principles, along with their commitment to investing in cutting-edge technology and in having the best tools and process available to their highly-qualified loan officers, are absolutely the secret sauce to this firm.”

Jensen continued, “Inlanta operates with one-to-one partnerships between loan officers and the operations team. The effect is an efficient, service focused, customer-centric mortgage operation. They have never wavered from a disciplined, conservative approach and have lived by the same simple philosophy for the last 23 years. For these reasons and many more, I am excited to be a part of this growing company.”

If you are a top mortgage professional looking to make a career change, please contact Brian Jensen at 630-927-0380 or brianjensen@inlanta.com.

 

About Inlanta Mortgage

Headquartered in Pewaukee, WI, Inlanta Mortgage was established in 1993. The company has grown to 39 branches in 16 states and over 250 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as jumbo and portfolio programs. The company is an agency-approved lender for Freddie Mac, Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage is the second largest mortgage financing provider in greater Milwaukee as ranked by the Milwaukee Business Journal, as well as the second largest provider of FHA purchase loans and the number one WHEDA lender in Wisconsin. Inlanta Mortgage was named a Milwaukee Journal Sentinel Top Workplace for the third consecutive year in 2016. Inlanta has been consistently recognized as one of the “50 Best Mortgage Companies to Work For” by Mortgage Executive Magazine and one of the country’s “Top Mortgage Employers” by National Mortgage Professional. Locate an Inlanta Mortgage loan officer at inlanta.com/locations. Learn more about Inlanta Mortgage branch partnership opportunities at inlantapartners.com, call 262-439-4260 or email partners@inlanta.com.