A risk-management specialist in Florida is offering a hedging program that helps small and midsize mortgage bankers reduce interest-rate risk on loans approved but not yet closed.

Phil Baratz, president of Angus Energy, Fort Lauderdale, said the program also permits smaller lenders to hold onto closed mortgages until they have pools large enough to negotiate better deals with the wholesalers that will eventually buy the loans.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.