Council Member Biography
Gregory Samp retired from Lender Processing Services (LPS/FIS) and is currently serving as a Principal with a consulting firm, Maximum Value Group. He has spent thirty years overseeing virtually every Mortgage Banking operational function including loan production, servicing, secondary, risk management, loan operations and technology. He chaired multiple committees for the Mortgage Bankers Association. Mr. Samp has over six years of experience at Lender Processing Services, running an assortment of businesses providing services to the mortgage industry. The LPS companies included credit reporting, appraisal, insurance risk management, public records software, mortgage industry software (RealEC), and others. From September 1996 to June 2001, Mr. Samp was the Executive Vice President and Director of Operations at RBMG, a top 10 national correspondents and wholesale lender. Prior to this, he spent 19 years as the President of Sibley Mortgage, a retail lender. (This is me - Update Profile)
Employment History
- 2007 - Unspecified
- Principal, Maximum Value Group
- 2001 - 2007
- Executive Vice President, LENDER PROCESSING SERVICES, INC.
- 1996 - 2001
- EVP, R B M G INC
- 1977 - 1996
- President, Sibley Mortgage
GLG NewsSM Analyses by Gregory Samp
GLG News is now G+ Insights
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G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.
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February 5, 2008
Zip Code 'Redlining': A Sweeping View of Risk | www.washingtonpost.com
Fannie Mae announced on December 5, 2007 that down payment requirements will be increased by 5 percentage points over the previously allowed minimum down payment in areas identified as declining. While Fannie’s Desktop Underwriter (DU) will generate a message on loan casefiles when it appears that the property is in an area of declining home prices, Fannie also “strongly encourages” lenders to use other tools to independently assess current housing trends. Kenneth Harney’s article notes that Countrywide has provided mortgage brokers with county wide ratings while GMAC-ResCap has provided brokers with zip code based ratings. The higher level approach to declining markets resulting in an additional 5% investment by the homebuyer could lock some buyers out of the market and also will likely result in lenders having to defend themselves against new claims of redlining.
GLG Study Groups with Gregory Samp(?)
| Study Group Name | No. Members |
|---|---|
| Core Bank Processing Experts | 561 |
| Credit Bureau Experts | 497 |
| Mortgage Servicing Experts | 263 |
| Council Members Knowledgeable on Mortgage Guaranty Insurance | 255 |
| Mortgage Insurance Experts | 187 |
GLG Live Meetings with Gregory Samp(?)
Gregory Samp has not participated in any GLG Live Meetings.
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