Mortgage Investment Services Corporation 22316 Midland Drive • Shawnee, KS • 66226 • 913-390-1010 NMLS# 194708 • A Kansas licensed mortgage company #MC 0001182 Missouri Residential Mortgage Loan Broker Licence # 10-1912 Oklahome Mortgage Broker #MB001953 Colorado License #100044344 Nebraska Licensed Mortgage Company NMLS#194708 20+ Years! Depend On Us! For 20 years, community banks in the Midwest have depended on MISC’s expert mortgage services for their customers. • Free Loan Officer Training & Webinars • Offer all secondary market loan programs: VA, FHA, USDA/RD, Conventional & Jumbo • Earn more fee income with less risk Call or email today. Let’s discuss how MISC can help you! Joan Emas, Account Executive Andrew Holtgraves, Vice President Cell: 816-810-8878 Cell: 913-558-2555 Email: Joan@MISCHomeLoans.com Email: Andrew@MISCHomeLoans.com NMLS: #276932 Associate Member adapt our systems and strategies accordingly. Fortunately, we dodged some bullets that hit our competitors. We specifically avoided the temptation of selling complex, non-traditional securities that blew up or became hopelessly illiquid. We also had the advantage of our expertise in interest rate risk management and our proprietary software. Our reputation was bolstered in the wake of the crisis. Now, of course, we’re going through another sea change in the wake of the COVID pandemic. The economic impact, the policy response and the ripple effects of all that’s happened since early 2020 make this a remarkable time indeed, yet we still haven’t seen how this movie ends. Are you talking about the Fed policy response, specifically? Well, it’s more than just that. The way business gets done was changed by the pandemic and complicated by geopolitics. Labor market behavior and supply chains are good examples. The impact of these issues is above and beyond the Fed’s extremely tight monetary policy. As for the Fed, we all know by now that they were very late to recognize how powerful the inflationary impulse would be in the wake of the initial COVID response. They got behind the curve and had to aggressively catch up by tightening with unprecedented speed. Now, we seem to be at an inflection point, but I fear a more painful phase of this cycle is yet to come. Time will tell. Are there people who have been particularly influential in your professional career? Oh yes. I’ve been privileged to work with, and learn from, some brilliant individuals. Dr. Baker was my intellectual mentor early on. But through the years, I’ve gained incredibly valuable insights from people such as Lacy Hunt, Gary Shilling and Dave Rosenberg. And, of course, my partners through the years at Baker have been wonderful. You won’t find a smarter group of professionals or one with greater integrity. And our clients reflect that as well. I greatly appreciate each and every one of them. The Baker Group has been a trusted financial partner helping community financial institutions improve their decision-making, interest rate risk management, and investment portfolio performance since 1979. To learn more, please visit www.gobaker.com. 28
RkJQdWJsaXNoZXIy MTg3NDExNQ==