Rose Marie David

EVP Director of Mortgage Lending at HomeStreet Bank

Ms. Rose Marie David has over 30 years of experience in the Mortgage Banking industry. She serves as Senior Executive Vice President of HomeStreet Bank since 2015. She joined HomeStreet Bank in 2012 and shortly after, promoted to Senior Vice President and Retail Mortgage Production Leader of Homestreet bank then the Executive Vice President for Single Family Lending in 2013. Prior to HomeStreet Bank, she was a Pacific northwest Regional Sales leader for MetLife Home Loans. She was also the Owner/Executive of Cambridge Mortgage.

From Rose Marie David

There’s sort of two stages that drive strategy. The first is the transformational shift that is occurring because of the digital age. So, you have a need to transform your business to remain relevant. And then you have the second, with the cost construct in our business that came as a result of the Dodd-Frank compensation regulatory changes and the increasing cost of compliance. All of this bled over to the increasing cost of manufacturing a loan.

There’s sort of two stages that drive strategy. The first is the transformational shift that is occurring because of the digital age. So, you have a need to transform your business to remain relevant. And then you have the second, with the cost construct in our business that came as a result of the Dodd-Frank compensation regulatory changes and the increasing cost of compliance. All of this bled over to the increasing cost of manufacturing a loan. So, we just have significantly increasing cost structure. Now we have that perfect storm of overcapacity leading to margin compression.

There is a relationship and empathy side of the business— this is undeniable. People don’t get a mortgage just to get a mortgage; they use the mortgage to buy, afford, and enjoy a home for their family.

About Rose Marie David

The wise mavericks in the mortgage industry will leverage technological transformation to stay ahead of the digital curve, Rose Marie David believes. True relevance in today’s mortgage world involves a two-pronged approach to strategy that is as savvy about Dodd-Frank as it is about the latest technological innovations. At the end of the day, too, those in mortgage banking need to stay focused on the ‘empathy side of the business’, in David’s estimation, remembering that owning a home is a dream for individuals and families and not just a means to an end for business.

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