Mortgage Connect’s Kim Hoffman Named Among Most Powerful Women of Mortgage Banking 2024

/in /by

Mortgage Connect’s Kim Hoffman Named Among Most Powerful Women of Mortgage Banking 2024
President of company’s due diligence segment honored for her influence on the lending industry

 

EDMOND, Okla; Dec. 12, 2024 –  Mortgage Connect LP – a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers – is pleased to announce that Kim Hoffman, president of Mortgage Connect Risk Solutions, has been named one of 2024’s most Powerful Women of Mortgage Banking by Mortgage Banker Magazine. The award highlights female leaders in mortgage banking who are making an impact and paving the way for the next generation of women ascending the ranks in the industry.

 

Hoffman is a widely known industry leader with both CMB and AMP designations who has worked in the industry for more than 35 years. She joined Mortgage Connect in February of this year to head the company’s newly acquired due diligence segment, formerly known as Adfitech, and spearheaded its rebrand to Mortgage Connect Risk Solutions. Under Hoffman’s leadership, Mortgage Connect Risk Solutions is positioned to become a premier provider of quality control and risk management services for the mortgage industry.

 

Hoffman has decades of experience leading large mortgage organizations, and her extensive background encompasses all aspects of residential mortgage lending and servicing at leading institutions including RBC, Nationstar, Morgan Stanley, Sutherland Mortgage Services, and Envoy Mortgage.

“I am honored to be listed among these incredible women, all of whom have made an undeniable impact on mortgage lending,” said Hoffman. “This award signifies the important roles women are playing, and I hope it encourages other women to soar without boundaries, always be learning, and be the CEO of their careers!”

 

About Mortgage Connect LP

Mortgage Connect is a national mortgage service provider that supports lenders, servicers, and institutional investors by providing solutions for the entire mortgage lifecycle. Founded in 2008, Mortgage Connect focuses on innovation, operational execution and the consumer experience. Mortgage Connect offers a robust portfolio of products and digital solutions for all lines of business within originations, servicing, and risk solutions, all of which can be tailored to meet the unique needs of each client. For more information, visit www.mortgageconnectlp.com.

Navigating Budget Challenges in 2025 

/in /by

The holiday season is here, with Christmas lights twinkling, decorations abound, and perhaps Thanksgiving leftovers still in the fridge. It’s also time to tackle the annual budgeting challenge. Predicting revenues and expenses for the upcoming year is always tricky, but 2025 presents unique difficulties.

Reflecting on 2024, the anticipated refinance boom didn’t materialize as predicted. Interest rates remain in the mid to high 6% range, and a significant 74.6% of outstanding residential mortgages are locked in at 5% or below. Beyond the possibility or refinances, higher interest rates have dampened the demand for loans for new housing, which has been already compounded by rising property taxes and homeowner’s insurance costs. 

The Silver Lining 

Despite these hurdles, FNMA and MBA economists forecast an increase in residential mortgage loan production for 2025. However, more volume doesn’t necessarily translate to higher profitability. The year is expected to bring the same interest rate volatility seen in late 2024, where a brief dip in rates led to a surge in mortgage applications, only for rates to rise again shortly after. 

Budgeting Amidst Uncertainty 

In the mortgage industry, we’re all accountable for the budget numbers we set. Over my 40-year career, I’ve seen how fluctuating interest rates can wreak havoc on operational staffing and cost control. But there are strategies to navigate these turbulent times. 

Strategic Planning for 2025 

One humorous yet impractical option is to buy a crystal ball from Amazon, though results may vary. A more reliable method might be flipping a coin—heads, production rises; tails, it falls. If all else fails, you can always pull out the dart board and take your best shot. Needless to say, these are not viable business strategies. 

As we approach 2025, with expected interest rate volatility and ongoing financial pressures, consider converting fixed costs to a variable cost model by outsourcing to a dependable vendor. This approach stabilizes profitability regardless of rate changes and eliminates the operational chaos of hiring and firing staff, managing overtime, and training new employees. The key is to select a vendor who understands your business and is committed to your success, ensuring that your costs are predictable and locked in for the year. A partner who’s been in your shoes and will work with you through the challenges that lie ahead, avoiding the pitfalls and guiding you to success. And as it relates to the budget? Your costs are locked in for the year, tied to your actual production regardless of what rates do. If you’ve already completed your 2025 budget, your accountability awaits you. You have a choice. 

 

Making the Right Choice 

You have two options: continue with unpredictable methods or partner with a trusted vendor offering stable, predictable costs. I advocate for the latter. For those who prefer the former, I wish you the best of luck in 2025. For everyone else, let’s discuss a strategic plan for your success in the new year. 

Mortgage Connect Wins 2024 Connections Award for Adfitech Acquisition

/in /by

Mortgage Connect Wins 2024 Connections Award for Adfitech Acquisition

Company recognized for innovative rebrand of due diligence provider

 

EDMOND, Okla; July 30, 2024 –  Mortgage Connect LP – a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers – has been named a 2024 Connections Award winner by Progress in Lending.

 

This award celebrates innovative partnerships, acquisitions and integrations that are actively advancing mortgage lending. Mortgage Connect was recognized for its acquisition and rebrand of Adfitech – a long-time provider of quality control, due diligence, fulfillment, and document management services for the mortgage industry.

Mortgage Connect acquired Adfitech in 2022, but this June, it officially announced its rebrand to Mortgage Connect Risk Solutions, effectively solidifying its entry into the third-party due diligence market. Mortgage Connect appointed widely recognized industry veteran Kim Hoffman to lead the new division. Now, with a team of seasoned mortgage experts in place, Hoffman is helping many of the nation’s leading lenders mitigate risk as they navigate current market conditions.

“We are thrilled to be recognized for the work we have done to acquire and grow one of the country’s best due diligence providers,” said Mortgage Connect CEO Jeff Coury. “With Kim leading the charge, we are committed to protecting clients from the risks inherent in mortgage lending with our team’s unparalleled knowledge, expertise and reliability. We are excited to show the industry what this next chapter holds for Mortgage Connect.”

 

About Mortgage Connect LP

Mortgage Connect is a national mortgage service provider that supports lenders, servicers, and institutional investors by providing solutions for the entire mortgage lifecycle. Founded in 2008, Mortgage Connect focuses on innovation, operational execution and the consumer experience. Mortgage Connect offers a robust portfolio of products and digital solutions for all lines of business within originations, servicing, and risk solutions, all of which can be tailored to meet the unique needs of each client. For more information, visit www.mortgageconnectlp.com.

Mortgage Connect’s Kim Hoffman Named HousingWire Woman of Influence

/in /by

 Mortgage Connect LP – a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers – is pleased to announce that Kim Hoffman, president of Mortgage Connect Risk Solutions, has been named a 2024 Woman of Influence by HousingWire.

A widely known industry veteran with both CMB and AMP designations, Hoffman joined Mortgage Connect in February to head the company’s newly acquired due diligence segment, formerly known as Adfitech. Hoffman spearheaded the rebrand of Adfitech, which had served the mortgage industry for 40 years, to Mortgage Connect Risk Solutions. Under Hoffman’s leadership, Mortgage Connect Risk Solutions is positioned to become a premier provider of quality control and risk management services for the mortgage industry.

Hoffman has more than 30 years of experience leading large mortgage organizations, and her extensive background encompasses all aspects of residential mortgage lending and servicing at leading institutions including RBC, Nationstar, Morgan Stanley, Sutherland Mortgage Services, and Envoy Mortgage. Most recently, she served as Head of Mortgage Operations for SoFi Bank. This latest award marks the third time she has been recognized as a Woman of Influence by HousingWire.

“I am absolutely thrilled to accept this award from the industry’s leading publication,” said Hoffman. “This represents the incredible strides we are making at Mortgage Connect in the due diligence sector, leaning into smart technology and our talented team’s seasoned expertise to successfully mitigate risk for mortgage lenders navigating today’s market. I look forward to showing the industry what this next chapter holds for the industry’s most trusted due diligence provider.”

Now in its 15th year, HousingWire’s award recognizes women who are “shaping and propelling the housing economy forward with their impressive achievements.”

“HousingWire’s Women of Influence award is one of the housing industry’s highest honors, celebrating the most impactful and innovative leaders in mortgage and real estate,” said Clayton Collins, CEO of HW Media. “HousingWire is proud to honor such an exceptional group of female executives whose dedication to excellence and leadership is redefining success in housing.” 

 

About Mortgage Connect LP

Mortgage Connect is a national mortgage service provider that supports lenders, servicers, and institutional investors by providing solutions for the entire mortgage lifecycle. Founded in 2008, Mortgage Connect focuses on innovation, operational execution and the consumer experience. Mortgage Connect offers a robust portfolio of products and digital solutions for all lines of business within originations, servicing, and risk solutions, all of which can be tailored to meet the unique needs of each client. For more information, visit www.mortgageconnectlp.com.

Adfitech Rebrands as Mortgage Connect Risk Solutions

/in /by

Adfitech, a longtime provider of quality control and risk management services for the mortgage industry, has rebranded as Mortgage Connect Risk Solutions, a name that reflects its place under the umbrella of its parent company, Mortgage Connect LP.

Mortgage Connect – a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers – acquired Adfitech in 2022 to expand its presence in the third-party due diligence market. In February, the company appointed widely known industry veteran Kim Hoffman, CMB, AMP, to head the company as President. Under Hoffman’s leadership, Mortgage Connect Risk Solutions is leaning heavily into technology-enabled solutions in the quality control, risk management and due diligence sector.

“This pivot to Mortgage Connect Risk Solutions is the final step needed to solidify our position as part of the Mortgage Connect family,” said Hoffman. “With the support of our parent company, we can continue to expand and offer the mortgage industry access to the most trusted, experienced quality control, risk management and due diligence solutions. We will leverage Mortgage Connect’s industry reputation to bring the thought leadership and innovation that the company is well known for.”

Mortgage Connect Risk Solutions, which is approved by all five major rating agencies, offers a comprehensive suite of services that includes all phases of mortgage quality control, mortgage due diligence and fulfillment, pre-funding quality control, servicing quality control, MERS registrations/transfers and annual attestations, TPRs, and secure loan document management. It provides these critical risk management services to more than 300 clients, including six of the top 10 mortgage lenders, several high-profile Wall Street firms, and numerous banks and independent mortgage companies.

“Mortgage Connect Risk Solutions is solely focused on protecting its clients from the risks inherent in mortgage lending, a mission that it started as Adfitech 40 years ago and one that it continues now as part of the Mortgage Connect family,” said Jeff Coury, CEO of Mortgage Connect. “As seasoned experts on loan quality, Kim and her team are dedicated to providing unparalleled knowledge, expertise and reliability for our clients. We are excited to show the industry what this next chapter holds for the industry’s most trusted due diligence provider.”

About Mortgage Connect LP

Mortgage Connect is a national mortgage service provider that supports lenders, servicers, and institutional investors by providing solutions for the entire mortgage lifecycle. Founded in 2008, Mortgage Connect focuses on innovation, operational execution and the consumer experience. Mortgage Connect offers a robust portfolio of products and digital solutions for all lines of business within originations, servicing, and risk solutions, all of which can be tailored to meet the unique needs of each client. For more information, visit www.mortgageconnectlp.com.

Mortgage Connect announces new President of Adfitech

/in /by

EDMONDS, OK; February 27, 2024 – Mortgage Connect, a national mortgage services provider that acquired Adfitech, Inc. in 2022 to expand into the third-party due diligence market, announced that Kim Hoffman, CMB, AMP has been appointed as the new President of Adfitech, which has been providing quality control and risk management services to the mortgage industry for 40 years. Hoffman will be tasked with refining Adfitech’s core service offerings and furthering its development as a technology-forward company. Hoffman will also be working with the existing team on growing Adfitech’s product offerings supporting capital markets. Hoffman succeeds Dru Jacobs, who will remain an adviser to the company before he transitions to a new opportunity.

Jeff Coury, CEO of Mortgage Connect, is excited about the direction of the company. “Kim brings a track record of strong leadership and industry experience. Her knowledge of the entire mortgage life cycle and deep experience with secondary market transactions form the perfect combination to elevate Adfitech to its next chapter of strategic growth. Kim’s impressive background and commitment to operational excellence and service delivery will assist Adfitech in the next phase of its bright future.”

Hoffman echoed those sentiments, stating, “I’m very excited about the opportunity to work with such a great team at Adfitech.  Having been a client of Adfitech in the past, I have experienced the quality of their work, commitment to risk assessment and prevention on behalf of customers firsthand. I would especially like to thank Dru for assisting with this transition and for his hard work building this tremendous team.” 

Hoffman is an industry veteran with more than 30 years of experience leading large mortgage organizations. Her extensive background encompasses all aspects of residential mortgage lending and servicing at premier institutions including RBC, Nationstar, Morgan Stanley, Sutherland Mortgage Services, and Envoy Mortgage. Most recently, she served as Head of Mortgage Operations for SoFi Bank.

About Adfitech

Adfitech was formed in 1983, is rating agency reviewed, and currently services all phases of mortgage quality control, mortgage due diligence and fulfillment, MERS TPR annual reviews and attestations, and secure loan document management. Adfitech uses a proprietary system to provide efficient service and accurate reviews to its customers. 

About Mortgage Connect LP Mortgage Connect is a national mortgage service provider that supports lenders, servicers, and institutional investors by providing solutions for the entire mortgage lifecycle. Founded in 2008, Mortgage Connect focuses on innovation, operational execution and the consumer experience. The company’s product portfolio includes national title and settlement services, loss mitigation and default services including critical communications, and capital markets services including title procurement and replacement, quality control, and third-party reviews. Mortgage Connect offers a robust portfolio of products and digital solutions for all lines of business within originations, servicing, and capital markets, all of which can be tailored to meet the unique needs of each client. For more information, visit www.mortgageconnectlp.com.