<description>Join us on the Connect Podcast as CEO of the California MBA, Paul, sits down with John Rothfield, a seasoned economist and advisor at Derivative Logic, for a deep dive into the current financial landscape, managing market volatility, and turning economic uncertainty into a clear vision for the future.
John brings a wealth of experience from institutions like Bank of America and CalPERS to the table. In this episode, John offers practical insights on how independent advisors empower lenders to lead, sharing his expertise on interest rates, FX advisory, and macroeconomic cycles.

Key Discussion Points:

• The Current Economic Cycle: John breaks down the high level of uncertainty but surprisingly low volatility in the market, sharing his outlook on stability as we approach midterms and how central banks are working to maintain balance.
• Lessons from CalPERS: Gain valuable insights from John's time at CalPERS, emphasizing the critical importance of independent knowledge, robust processes, and respecting different timeframes when making investment decisions and managing risk.
• Successful Risk Management: Hear two compelling examples of effective risk management, including an economic outlook that predicted market resilience and a corridor strategy that successfully reduced premium costs for a borrower.
• The U.S. Government Shutdown: John explains why shutdowns are unique to the U.S., referencing the three multi-week shutdowns since the 1990s. He discusses the crucial economic data (like employment and inflation figures) that continues to be released and its impact on the Federal Reserve.
• Economic Impact &amp; Rate Outlook: We discuss the potential effects of a shutdown on the unemployment rate and the housing market. John shares his prediction for future Federal Reserve interest rate cuts (possibly in October and December) and his cautionary note about a potential "melt-up" in rates next year.
• Actionable Advice: John advises listeners to act now and take advantage of the current low-interest-rate environment to protect against future inflation risks.

Don't miss this essential discussion for anyone in finance, lending, or real estate who wants to navigate market volatility with confidence.</description>

Join us on the Connect Podcast as CEO of the Cali…

Join us on the Connect Podcast as CEO of the California MBA, Paul, sits down with John Rothfield, a seasoned economist and advisor at Derivative Logic, for a deep dive into the current financial landscape, managing market volatility, and turning economic uncertainty into a clear vision for the future.
John brings a wealth of experience from institutions like Bank of America and CalPERS to the table. In this episode, John offers practical insights on how independent advisors empower lenders to lead, sharing his expertise on interest rates, FX advisory, and macroeconomic cycles.

Key Discussion Points:

• The Current Economic Cycle: John breaks down the high level of uncertainty but surprisingly low volatility in the market, sharing his outlook on stability as we approach midterms and how central banks are working to maintain balance.
• Lessons from CalPERS: Gain valuable insights from John's time at CalPERS, emphasizing the critical importance of independent knowledge, robust processes, and respecting different timeframes when making investment decisions and managing risk.
• Successful Risk Management: Hear two compelling examples of effective risk management, including an economic outlook that predicted market resilience and a corridor strategy that successfully reduced premium costs for a borrower.
• The U.S. Government Shutdown: John explains why shutdowns are unique to the U.S., referencing the three multi-week shutdowns since the 1990s. He discusses the crucial economic data (like employment and inflation figures) that continues to be released and its impact on the Federal Reserve.
• Economic Impact & Rate Outlook: We discuss the potential effects of a shutdown on the unemployment rate and the housing market. John shares his prediction for future Federal Reserve interest rate cuts (possibly in October and December) and his cautionary note about a potential "melt-up" in rates next year.
• Actionable Advice: John advises listeners to act now and take advantage of the current low-interest-rate environment to protect against future inflation risks.

Don't miss this essential discussion for anyone in finance, lending, or real estate who wants to navigate market volatility with confidence.

Connect with Connect with John Rothfield, Derivative Logic | Episode 248

<description>Digital mortgages aren't the future — they're here. Tune in to the latest episode of the Connect Podcast, presented by the California MBA, to hear how the industry is making the shift to fully digital closings!

This week, the CEO of the California MBA Paul Gigliotti, sits down with Leah Sommerville, Director of Sales at DocMagic and 2025 HousingWire Rising Star, to dive deep into the world of mortgage tech. Leah shares how she's helping lenders embrace fully digital closings and what that means for borrowers.

We discuss everything from AI-powered platforms to the rise of eHELOCs and beyond. Leah breaks down the cutting edge of mortgage innovation and reveals what's still holding some lenders back from making the leap.

Hear how DocMagic is actively pushing the entire mortgage industry forward!

Topics We Cover:
• The current state of digital mortgages.
• The role of AI in the lending process.
• Understanding eHELOCs and other digital products.
• What prevents lenders from adopting digital closings.
• DocMagic's vision for the future of mortgage technology.

Stay connected with the California MBA: https://www.linkedin.com/company/californiamba/</description>

Digital mortgages aren't the future — they're her…

Digital mortgages aren't the future — they're here. Tune in to the latest episode of the Connect Podcast, presented by the California MBA, to hear how the industry is making the shift to fully digital closings!

This week, the CEO of the California MBA Paul Gigliotti, sits down with Leah Sommerville, Director of Sales at DocMagic and 2025 HousingWire Rising Star, to dive deep into the world of mortgage tech. Leah shares how she's helping lenders embrace fully digital closings and what that means for borrowers.

We discuss everything from AI-powered platforms to the rise of eHELOCs and beyond. Leah breaks down the cutting edge of mortgage innovation and reveals what's still holding some lenders back from making the leap.

Hear how DocMagic is actively pushing the entire mortgage industry forward!

Topics We Cover:
• The current state of digital mortgages.
• The role of AI in the lending process.
• Understanding eHELOCs and other digital products.
• What prevents lenders from adopting digital closings.
• DocMagic's vision for the future of mortgage technology.

Stay connected with the California MBA: https://www.linkedin.com/company/californiamba/

Digital mortgages aren't the future. They're here. | Connect with Leah Sommerville, DocMagic | 247

<description>In this special edition of the Connect podcast, outgoing CEO Susan Milazzo sits down with her successor, Paul Gigliotti, to discuss the future of the California MBA (California Mortgage Bankers Association)

Susan celebrates her 21 years of service while Paul, a veteran mortgage leader with a deep background in mortgage technology, outlines his vision for the association. Get an inside look at Gigliotti's journey, from building lenders to advancing mortgage tech, and hear his plans for amplifying California MBA’s advocacy, enhancing member engagement, and leading the industry through an era defined by affordability and AI innovation.</description>

In this special edition of the Connect podcast, o…

In this special edition of the Connect podcast, outgoing CEO Susan Milazzo sits down with her successor, Paul Gigliotti, to discuss the future of the California MBA (California Mortgage Bankers Association)

Susan celebrates her 21 years of service while Paul, a veteran mortgage leader with a deep background in mortgage technology, outlines his vision for the association. Get an inside look at Gigliotti's journey, from building lenders to advancing mortgage tech, and hear his plans for amplifying California MBA’s advocacy, enhancing member engagement, and leading the industry through an era defined by affordability and AI innovation.

Connect with Paul Gigliotti, Incoming CEO, California MBA | Episode 246

<description>Welcome to Connect, a podcast featuring one-on-one interviews with some of the top movers and shakers in the mortgage industry. This week we welcome Mark Wilson, CEO, Advisent

Episode discussion topics:

How you got into the mortgage industry?

You have big news that just launched – the rebranding of your company.  What was CWDL is now Advisent!  Why a rebrand and what has been the journey to Advisent?

How does this rebrand help Advisent support clients with long term strategic goals?

I’ve always found it fascinating that your firm specializes in this the mortgage industry. Where to you see accounting in the mortgage banking space going in the next 5 – 10 years?

Can you share with our listeners why you chose to support the California MBA?

To learn more about the California MBA, visit cmba.com</description>

Welcome to Connect, a podcast featuring one-on-on…

Welcome to Connect, a podcast featuring one-on-one interviews with some of the top movers and shakers in the mortgage industry. This week we welcome Mark Wilson, CEO, Advisent

Episode discussion topics:

How you got into the mortgage industry?

You have big news that just launched – the rebranding of your company.  What was CWDL is now Advisent!  Why a rebrand and what has been the journey to Advisent?

How does this rebrand help Advisent support clients with long term strategic goals?

I’ve always found it fascinating that your firm specializes in this the mortgage industry. Where to you see accounting in the mortgage banking space going in the next 5 – 10 years?

Can you share with our listeners why you chose to support the California MBA?

To learn more about the California MBA, visit cmba.com

Connect with Mark Wilson, CEO, Advisent | Episode 245

<description>Connect with Lee Gillispie, Senior Managing Principal, Paradatec | Episode 244 by The California MBA</description>

Connect with Lee Gillispie, Senior Managing Princ…

Connect with Lee Gillispie, Senior Managing Principal, Paradatec | Episode 244 by The California MBA

Connect with Lee Gillispie, Senior Managing Principal, Paradatec | Episode 244

Welcome to California MBA's podcast, Connect, our all-new podcast featuring one-on-one interviews with some of the top movers-and-shakers in the mortgage industry.

California MBA serves to represent the residential and commercial real estate finance industry before all governing bodies. The California MBA encourages and promotes sound business practices and honesty in marketing, origination, lending and servicing of mortgage loans through our educational and networking opportunities.

CONNECT by California MBA

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