Bill Dallas on the mortgage industry’s transformation

This week, HousingWire’s Editor in Chief Sarah Wheeler interviews Bill Dallas, the president of Finance of America Mortgage. In this episode, Dallas discusses what he’s learned as a mortgage leader and a real estate investor, as well as how mortgage companies can combat margin compression.

Here is a small preview of the interview, which has been lightly edited for length and clarity:

Sarah Wheeler: Since Finance of America has gone public, how does it deal with the margin compression?

Bill Dallas: I think we’re in the middle of a transformation in America that we have never seen before and it’ll affect all mortgage companies. I think being a public mortgage company we have a ton of regulation. I think our view is it’s much more consumer-centric than it’s ever been. You’ve got some new things that have shown up that are important to the world, but also important to the regulatory environment, right? You’ve got ESG, the D&I, and affordable housing, which is always important. If you really are trying to help solve these problems, you could expand the entire strategy of your organization and the structure of it to make things happen. Right. So, I think it’s a different world to some extent. I can’t speak to stock price or performance or different things. I’m just excited. Finance of America is a very unique company. And we haven’t told the story yet.

The Housing News podcast explores the most important topics happening in mortgage, real estate, and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire’s news desk. Hosted by Sarah Wheeler and produced by Alcynna Lloyd.