As head of capital markets, Michael Modell oversees Plaza Home Mortgage’s pipeline hedging, lock desk, product development and loan and bulk acquisition and sales. In addition, his 14-person team also advises on financial analytics and strategy as well as management reporting. Over his 18-year career at Plaza Home Mortgage, Modell’s responsibilities and his contributions have grown just as the firm itself has grown.
When Modell started with Plaza in 2004, it was a wholesale-only lender doing just under $100 million per month and selling to bigger aggregators. Today, Plaza is a top 15 national wholesale and correspondent lender and originates more than $1 billion per month by selling directly to the GSEs, Ginnie Mae and dozens of Wall Street dealers.
Being an aggregator with direct access to investors gives Plaza greater flexibility in market execution and product development, which Modell believes will be vital with market shifts.
Name:
Michael Modell
Title:
Executive Vice President Capital Markets
Company Name:
Plaza Home Mortgage
