EMEnRose Magazine

Dave Herbst, VP, AIO Finance
CMG Financial's Dave Herbst Named 2022 HousingWire Insider

CMG Financial's Dave Herbst, VP, All In One Loan Finance, was honored as a 2022 HousingWire Insider. "The [HousingWire] Insiders award spotlights the industry professionals who are essential to the performance and success of their organizations," writes Lesley Collins, Program Manager for HousingWire's Editor's Choice Awards. Dave was recognized for his incomparable contributions to the growth of the All In One Loan™ and his dedication to educating industry professionals, borrowers, real estate agents and fiduciaries on the impact the mortgage has and the need for this type of innovation.

A key difference separating CMG Financial from other lenders is our proprietary products like the All In One Loan - a unique line of credit with integrated banking that helps borrowers shrink the size and cost of their mortgage faster and safely, with no change in their budget and without relying on favorable interest rate cycles. In fact, the All In One Loan has helped countless homeowners pay off their mortgage early and save tens of thousands of dollars in interest.

Dave, a company veteran of 19 years, took the helm of managing the All In One Loan in 2018. At the time, it accounted for $20 million in monthly production. With Dave's expansion and development efforts, the All In One Loan now achieves well north of $100 million in monthly funding activity and is on pace to have its biggest year in 2022 since the program's inception in 2005.

Recently, Dave also headed the creation and newly launched All In One Loan product designed specifically for Texas Homestead property borrowers. Now, borrowers in Texas can use the All In One Loan to finance their primary, second and investment homes - mirroring how owners and buyers can benefit from the loan in all other states across the U.S.

"As Vice President of All In One Loan finance at CMG Financial, Dave Herbst is an invaluable team member," writes Collins. "Without Herbst, this growth would not have been possible."

While interest rates have the greatest influence over production for most lenders, Dave and CMG Financial seem to be several steps ahead of the game, keying into the concerns of ordinary Americans that often extend well beyond their mortgage. CMG and its partners are uniquely positioned to help, especially in today's environment. In Dave's own words, "the All In One Loan is not just another mortgage, but a solution to the mortgage itself. It has the power to improve the financial health of a nation one household at a time."

"It's clear that this year's winners are driving big growth within their organizations and have the metrics to back their successes," writes Collins. "Congratulations to the 2022 HW Insiders!"

To compare loan scenarios and calculate your early mortgage payoff, try CMG's All In One Loan simulator.

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About CMG Financial

CMG Financial is a well-capitalized, privately held mortgage-banking firm founded in 1993. The company makes its products and services available to the market through three distinct origination channels, including Retail Lending, Wholesale Lending, and Correspondent Lending.

CMG Financial currently operates in all states, including the District of Columbia, and holds federal agency lending approvals with HUD, VA, RHS, GNMA, FNMA and FHLMC. Throughout the mortgage banking and housing markets, CMG Financial is widely known for responsible lending practices, industry and consumer advocacy, product innovation, and operational efficiency.

About HousingWire

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

New Open English board members
From left to right: Lee Kirkpatrick, Sameer Samat and Victoria Valenzuela

Open English, the leading English-learning platform in Latin America and the U.S. Hispanic market, today announced the appointment of three new board members who will support the company's mission of high quality, effective and affordable English-learning solutions.

"We're thrilled to expand our board with three industry innovators who can offer their expansive expertise on how to better serve our student community and continue making English learning accessible to all," said Andrés Moreno, founder, chairman of the board and chief executive officer (CEO) of Open English. "As our business grows and strengthens, so too does our board of directors, and these individuals represent the very best in their respective fields."

Lee Kirkpatrick, Former Chief Financial Officer at Twilio; Board Member of Lincoln Healthcare Leadership; Board Member of Spreedly, Inc.; Board Member of Updater, Inc.; Board Member of Bilander Acquisition Corp.

Lee Kirkpatrick offers a broad perspective on finance and its value as a partner across all functional areas. As CFO of Twilio, Lee built a global finance team that scaled the company to approach nearly $1 billion in revenue. Since 2019, Lee has advised private and public technology companies, including PagerDuty, Unity Technologies, Olo and Marqeta.

"I look forward to being part of the tremendous growth that lies ahead for a mission-driven company like Open English,'' said Lee. "It's incredibly rewarding to join such a passionate team that's dedicated to improving people's lives."

Sameer Samat, Vice President of Product Management at Google

Currently responsible for Android and Google Play, Sameer Samat began his Google career nearly 14 years ago. Prior to that, Sameer was the executive vice president of products at Kofax, where he was responsible for product management, engineering and product marketing. Sameer holds a BS in computer science from the University of California, San Diego and graduated from the Harvard Business School Program for Management Development.

"Through my own family experiences and my work on Android, I've seen first-hand how learning English can impact both the economic opportunities and wellbeing of a family, not only in the present but for generations," shared Samat. "Open English's ambitious vision deeply resonates with me, and I'm proud to join their board to continue propelling it forward," he concluded.  

Victoria Valenzuela, Chief Legal Officer & Corporate Secretary at AppLovin

Adept at navigating the intersection between legal, tax and accounting issues, Victoria Valenzuela currently serves as Chief Legal Officer (CLO) and corporate secretary at AppLovin, a leading marketing software company she helped take public in 2021. In her over 20 years of experience, she's advised both private and public global companies of all sizes, with employee populations ranging from 300 to 3,000, on a broad range of strategic, legal and regulatory issues. Victoria holds a law degree from Stanford University and was previously named a Woman of Influence by the Silicon Valley Business Journal.

"Open English's mission of making English accessible to all socio-economic groups truly struck a chord and motivated me to join their board," said Victoria. "Learning English or another critical second language can move the needle for a family and truly impact future generations," she added.

To learn more about Open English, please visit https://investors.openenglish.com/. 

About Open English

Open English is the leading English-learning platform in the Latin American and U.S. Hispanic markets, providing live, online instruction to 1.5 million students that have enrolled to date. The company is disrupting the brick-and-mortar language-learning market with a proprietary technology platform that offers unlimited, 24/7 access to live classes with native-speaking teachers. Open English offers customized learning solutions for businesses (Open English for Business), children (Open English Junior), and digital skills development (NextU). Open English has also expanded their business with Open Mundo, a new online language learning platform that offers French, Italian and Portuguese live classes. The company is headquartered in Miami, FL, with offices in Mexico City, Bogota, Buenos Aires, Istanbul, Bangalore and São Paulo. To learn more about Open English, visit OpenEnglish.com.

DeedPath, a new real estate technology company, is changing the way new investors are buying real estate investment properties. Through their flagship save-to-own option program, customers can choose an investment property and DeedPath will inspect, evaluate, and buy the property for them. The customer contributes 5% of the purchase price and makes small monthly contributions to build equity credit that will be used to purchase the home. The program is designed so customers are able to own the property within three years. 

DeedPath leverages technology to underwrite their customers, evaluate properties in different markets across the U.S., and manage their portfolio. Through DeedPath, new investors experience owning their rental property while getting ready to buy it.

"Real estate is the single biggest asset class in the world, with the single-family rental market alone producing over $250 billion a year in rental revenue and totaling over $5 trillion in value. It's growing and outperforming almost all other sectors of real estate and the economy," says DeedPath Founder and CEO Samuel Walters. "It's hard for new investors with limited experience to comfortably and confidently get into investing and buy their first property, so we're on a mission to make it easier and safer than ever." 

As larger investors continue to move into the space, it's getting harder and harder for small-time investors to compete. "We're trying to give some of the power and opportunity back to individual investors by sharing our ability to analyze properties and make cash offers," says Walters. "We tell our customers all the time that real estate is not a get-rich-quick scheme," he says, "but it is the most reliable way to build long-term wealth." 

With many Americans getting priced out of buying in their home areas, many are turning to investment properties in other areas of the country and continuing to rent wherever they live. "Buying virtually makes sense for so many people," says Walters. "You can now own real estate where it's affordable and produces higher returns while living where you want. At DeedPath, we're making this kind of investing accessible to even more people." 

DeedPath's save-to-own program launched this spring, and the company says the reception has been exceptional. "We're experiencing really strong demand and growth so far," says Walters. "We've created a win-win situation for both us and our customers, and if we can continue to do that then our future is very bright."

DeedPath has ambitious expansion plans in the coming years, adding other products and services to improve their customers' experience and create more owners. "We're disrupting a massive industry," adds Walters, "and we're just getting started."

For more information, you can visit the DeedPath website at www.deedpath.com.

Samuel Walters

DeedPath Founder & CEO

[email protected]