STRATMOR: Seth Sprague, CMB, Named Chair of Certified Mortgage Banker Society

GREENWOOD VILLAGE, CO – October 20, 2020 – STRATMOR Group, the mortgage industry’s leading data-driven advisory firm, announced that company principal Seth Sprague, CMB, has been named chairperson of the Mortgage Bankers Association’s Certified Mortgage Banker (CMB^®) Society for the 2020-2021 year.

The CMB designation is the mortgage industry’s standard of professional success, symbolizing respect, credibility, ethics and achievement within real estate finance. The CMB program requires individuals to complete multiple professional and educational steps that test their level of proficiency as mortgage banking professionals and that they pass rigorous written and oral exams. The CMB Society was founded in 1973.

“It is a great honor to lead the CMB Society, I hope to carry over the CMB momentum and visibility within the industry,” said Sprague. “The mortgage industry will continue to face challenges, and I am confident that CMBs will continue to serve as thought leaders in their areas of expertise and across the spectrum.”

Sprague has more than 25 years of mortgage banking and servicing valuation experience. He joined STRATMOR Group as a principal in early 2019 and specializes in mortgage servicing rights (MSRs), servicing, cash flows, liquidity and mortgage profitability strategies. Prior to joining STRATMOR, Sprague was the executive vice president of trading and analytics at PHOENIX. Additionally, he worked as senior vice president, servicing asset manager at SunTrust Mortgage for more than 10 years.

Sprague has served on several committees with the MBA, including the Financial Management Steering Committee, the Servicing Council for the 21st Century, and the BASEL III and the Servicing Compensation Working Groups. Sprague has been an instructor with the MBA’s School of Mortgage Banking (SOMB) program since 2007 and is also an instructor for the MBA School of Mortgage Servicing. In 2019, Sprague taught “The Secondary Market” for NAMMBA (The National Association of Minority Mortgage Bankers of America).

Sprague holds an MBA from the University of Colorado-Denver and an undergraduate degree from the University of Richmond with a concentration in accounting

About STRATMOR Group

STRATMOR Group is a leading mortgage industry advisory firm that provides a range of programs and services designed to counsel lender CEOs and senior executives. STRATMOR serves more than 250 companies annually, providing strategies that increase growth and improve profitability in sales, marketing, technology, operations and mergers and acquisitions. The company leverages comprehensive, propriety data and key insights gained through extensive experience in the mortgage industry. STRATMOR is well known for its financial models and its collaboration with the Mortgage Bankers Association in the PGR: MBA and STRATMOR Peer Group Roundtables Program. Find out more about STRATMOR on its website at www.stratmorgroup.com.

Press Contact
Mary McGarity
Vice President
Strategic Vantage Marketing & Public Relations
203-260-5476
marymcgarity@strategicvantage.com

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