Michael Larssen, CMB (LION)

SVP National Business Development at Homestar Financial Corporation
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Contact Information
us****@****om
(386) 825-5501
Location
Austin, Texas, United States, US
Skills

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Annie Kahawaii

I have had the pleasure of knowing Michael for the past few years and the good fortune of working with Michael as my SVP of Sales. I have nothing but excellent things to say about him. He is of sound character with a great sense of ambition. In addition, his leadership traits are exceptional; a few that stood out are Care, Communication, Accountability, Leading by example, and Visionary. Michael has excellent knowledge in all aspects of mortgage-speaking SOPS, and as his Operations partner, that means a great deal to the team's success. He could also make a typical day at work a fun day at work. Michael is an asset to any organization, and I would gladly work with him again.

Neil Volaski

Mike is the type of person you want to work with if you are in the mortgage industry. His knowledge and connections are second to none. I truly was the lucky one when I came across Mike. He has put me and my family in a position for success with some terrific individuals. If you are a successful person in the industry and don't know Mike, you need to make it a priority to get to know him. Mike, thanks for all your help.

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Credentials

  • Mortgage Action Alliance Member
    Mortgage Bankers Association
    May, 2020
    - Nov, 2024
  • Certified Mortgage Banker
    -

Experience

  • Homestar Financial Corporation
    • United States
    • Financial Services
    • 300 - 400 Employee
    • SVP National Business Development
      • Oct 2022 - Present

      23 year well capitalized #1 GA lenders expanding nationally. Find out why our average employee tenure is ~9 years. Seeking to add rock star retail and P&L entrepreneurial teams that crave a culture of collaboration, a flat management structure, transparency in pricing and people that miss having fun in their careers! Servant Leadership, direct seller servicer, best in class tech stack and so much more! 23 year well capitalized #1 GA lenders expanding nationally. Find out why our average employee tenure is ~9 years. Seeking to add rock star retail and P&L entrepreneurial teams that crave a culture of collaboration, a flat management structure, transparency in pricing and people that miss having fun in their careers! Servant Leadership, direct seller servicer, best in class tech stack and so much more!

  • HomeVantage Mortgage
    • United States
    • Leasing Real Estate
    • 1 - 100 Employee
    • Senior Vice President National Business Development
      • Aug 2021 - Oct 2022

      HomeVantage Mortgage was a division of Austin Capital Bank SSB. Expanded national retail and P&L platform from a small base to ~$70MM. Bank decided to pull out of mortgage space to focus on its primary CreditStrong product and other bank initiatives. Transitioned teams from bank to new platform. HomeVantage Mortgage was a division of Austin Capital Bank SSB. Expanded national retail and P&L platform from a small base to ~$70MM. Bank decided to pull out of mortgage space to focus on its primary CreditStrong product and other bank initiatives. Transitioned teams from bank to new platform.

  • Priority Financial Network
    • United States
    • Financial Services
    • 1 - 100 Employee
    • National Production Director
      • Nov 2019 - Aug 2021

      Priority Financial Network operates as a privately-owned Mortgage Banker and offers our clients a diverse portfolio of loan options to fit any loan scenario. We provide borrowers with the advantages and resources of larger financial institutions, but with the flexibility and agility to make split second decisions that can make the difference that enables your loan to close. This lets us understand and react to the challenges of today’s home financing market. Priority Financial Network operates as a privately-owned Mortgage Banker and offers our clients a diverse portfolio of loan options to fit any loan scenario. We provide borrowers with the advantages and resources of larger financial institutions, but with the flexibility and agility to make split second decisions that can make the difference that enables your loan to close. This lets us understand and react to the challenges of today’s home financing market.

  • Larssen Consulting Group
    • United States
    • Financial Services
    • CEO
      • May 2008 - Aug 2021

      Larssen Consulting Group is a full service consulting practice focused primarily on mortgage lenders and banks. Primary areas of focus are recruiting and placement of teams, headhunting talent, mergers and acquisitions, business development and capital raise. Other areas of focus include compliance analysis, loss mitigation, strategic planning and technology. We leverage our internal and external network to solve problems and create opportunities. Engaged as Sales Advisor for Liquid Logics and NOVA a Loan Origination Software built to ensure high levels of customer satisfaction. Liquid Logics includes support for the entire loan production cycle. Engaged as COO for The EMAC Group a leading mortgage training, coaching and placement firm. Expanded revenue by 3x. Previously engaged by The Mortgage Collaborative as advisor and minority owner to assist the management team form a new emerging cooperative. Team placements of over $10 Billion in volume Recently conducted complete due diligence for mid-size bank acquisition of mortgage division. Recently placed TPO Correspondent team with projected annual volume $180 Million Show less

  • Liquid Logics
    • United States
    • Banking
    • 1 - 100 Employee
    • EVP Business Development (Contract Position)
      • Jul 2017 - Nov 2019

      Liquid Logics provides Next Generation Cloud-Based SaaS Loan Origination Software (LOS) primarily for private/hard money lenders. Our system was built around the borrower experience, with an emphasis on simplicity and speed for the Loan Officer. We are passionate about helping private lenders improve their businesses by streamlining the loan process. We strive to make our software the best in the market for all users, including borrowers, outside investors and customer employees. Although loan origination software is our bread and butter, it only describes something we do – it does not define who are. At our core, we are a business solutions company dedicated to facilitating growth, minimizing your workload, and making your business the best it can be. Show less

  • Espresso Mortgage
    • United States
    • Financial Services
    • CEO
      • Nov 2016 - Jun 2018

      Espresso Mortgage is the only communications manager that consolidates all these features in one place—for a fraction of the cost of buying them separately. See why 5,000 Real Estate Agents are using us today for their leads and prospecting. With Espresso Mortgage you get: A platform whose mission is to drive more business directly from the consumer and/or create more Realtor referral partners. ACTIVE listings with cell numbers and email addresses every day FSBOs POWER DIALER - cloud based! TEXT2SELL Lead Capture VIDEO EMAIL CAMPAIGN MANAGER for your Database and Leads Enjoy the efficiency of ONE PLATFORM for ALL of your Lead Management Show less

  • The EMAC Group
    • United States
    • Staffing and Recruiting
    • 1 - 100 Employee
    • Chief Operating Officer (Contract Position)
      • Jan 2015 - Mar 2016

      Engaged as their interim COO. The EMAC Group provides recruiting, training and consulting solutions to the financial service industry. * Implimented systems, policies and procedures to allow business to better position itself to grow. * Restructured all operating agreements to better protect companies interest and support growth. * Strategic Consulting, including business plan & sales strategy development that enables revenue to grow 4X prior year. Engaged as their interim COO. The EMAC Group provides recruiting, training and consulting solutions to the financial service industry. * Implimented systems, policies and procedures to allow business to better position itself to grow. * Restructured all operating agreements to better protect companies interest and support growth. * Strategic Consulting, including business plan & sales strategy development that enables revenue to grow 4X prior year.

  • EMC2 Data
    • COO (Contract)
      • Jun 2013 - Oct 2013

      Adviser to automated regression analysis residential valuation solutions. Adviser to automated regression analysis residential valuation solutions.

  • Correspondent One
    • Greater Atlanta Area
    • National Sales Manager/Chief Credit Officer-VP
      • Jun 2011 - Jun 2013

      Member of executive team that developed the model, plan and formation of a De Novo correspondent investor purchasing closed loans from the members of Lenders One. Primary areas of responsibility include the management of credit, operations, and sales. -Drafted a majority of policy for credit, quality control and seller approval -Primary liaison for outsourced loan acquisition fulfillment functions including but not limited to underwriting, due diligence, and quality control -Responsible for sales and business development -Achieved $50 mm pipeline despite significant pricing, staffing, and product constraints -Assisted with acquisition of company and transition of customers when Ocwen acquired Homeward Residential Show less

  • Lenders One Mortgage Cooperative
    • United States
    • Financial Services
    • 1 - 100 Employee
    • Executive Vice President
      • May 2008 - Jun 2011

      Responsible for business development and secondary marketing investor relations for a national alliance (cooperative) of mortgage lenders, correspondent investors, and suppliers of mortgage products and services. As a founding Member assisted with the growth from 13 Members to more than 245 originating $180+ billion in mortgage loans in 2012. • As part of the Secondary Marketing team, sourced and recruited new preferred investors, warehouse lenders, sub-servicers, and vendors • Directly responsible for adding several new relationships generating millions of dollars in additional revenue • Enhanced revenue by identifying opportunities for Lenders One to form loan aggregation mediums via new secondary marketing partners, data analytics and/or the creation of a conduit platform • Supported various departments of Lenders One as needed to recruit new Members, problem solve, and source new revenue opportunities. Membership expanded from 109 Members to 221 Members during my term of employment • As a Member of the Lenders One Advisory Board, advised the management team on action plans to achieve strategic business goals of the cooperative, which in part led to eventual ~100 Million dollar acquisition by Altisource • Chairman of the Investor Demand Strategies Committee whose focus was to improve investor relations, while limiting Member loan repurchase liability • Operational liaison for parent company, Altisource Fulfillment Operations • As needed, assisted with legislative and regulatory initiatives via Community Mortgage Lenders of America Show less

  • Lenders One
    • Washington D.C. Metro Area
    • Chairman National Alliance of Independent Mortgage Bankers
      • 2005 - 2008

      Chairman for Legislative and Regulatory issues facing the Members of Lenders One. • Participated in numerous DC meetings with senior industry officials, regulators, Congressman, Senators and staff on key Anti-Predatory Lending, Servicing Improvement, and SAFE Act legislation. • Participated in roundtable HUD RESPA (TIL&GFE) regulatory reform Chairman for Legislative and Regulatory issues facing the Members of Lenders One. • Participated in numerous DC meetings with senior industry officials, regulators, Congressman, Senators and staff on key Anti-Predatory Lending, Servicing Improvement, and SAFE Act legislation. • Participated in roundtable HUD RESPA (TIL&GFE) regulatory reform

  • Mortgage Investors Group
    • United States
    • Financial Services
    • 300 - 400 Employee
    • Executive Vice President
      • 2004 - 2008

      Managed all operations and credit of a mortgage banking company; producing annual volumes of ~$2 billion. • Managed credit and underwriting staff with primary focus on Retail Agency and Government loans • Implemented a paperless workflow system and a successful LOS conversion throughout the company, dramatically improving operational efficiencies by 50% • Lead team responsible for creating a new correspondent lending channel focused on community banks • Facilitated company-wide system re-engineering/process mapping, to enhance Management’s ability to measure company profitability, performance, and productivity • Created private label products for retail and wholesale divisions • Enhanced secondary marketing executions from best effort to mandatory, by adding additional investors and reducing contractual and operational exposure • Improved post-closing risk management processes • Managed warehouse performance and contractual negotiations • Pioneered a new strategic Six Sigma style business planning protocol, with precise action plan steps to accomplish company goals • Primary lead executive for West Coast Wholesale exit strategy. Loss mitigation efforts resulted in reducing company losses in excess of several million dollars Show less

  • Columbia Home Loans
    • Banking
    • 1 - 100 Employee
    • Senior Vice President
      • Mar 1996 - Sep 2004

      Managed and controlled all aspects of a publicly traded, bank-owned mortgage company (NASDAQ: OCFC) and servicer with retail, wholesale, correspondent, and consumer-direct production channels, generating up to $850 million in annual loan originations, with primary focus on Agency and Government products. • Directed acquisition teams that were successful at adding 5 additional production channels, generating millions of dollars of additional revenue • Coordinated a strategic two-year exit strategy plan, achieving millions in capital and eventually a $17.7 million acquisition of Columbia Equities to a publicly traded bank • Implemented multiple technological initiatives that improved efficiency substantially Negotiated a majority of the master commitments with secondary investors. • Helped achieve position as one and only seller/servicer authorized to service sub-prime for GMAC/RFC. • Adopted numerous AU systems including DU, LP, Assetwise, E-mits, Clues, and Idazzle, substantially improving underwriting turnaround time. • Contracted an outside vendor (Merit Dynamics) to create an exclusive e-product Manual that eventually was upgraded to handle online real-time inquiries. My collaboration on the e-product Matrix, in part, eventually led to them being acquired by Allregs • Expanded our footprint to 27 additional states and the Virgin Islands • Developed a proprietary Alt-A, new construction, reverse mortgage, and jumbo programs. • Created a rehabilitation product “Renovest” with 203k and portfolio funds. Established multiple successful ethnic focused lending divisions • Co-managed resources of Pardes and Pardes Law Firm, a joint venture law, title and settlement services firm. Managed joint venture credit reporting company • Settled millions of dollars of imminent losses, related to $12 million of stale inventory/loans held for sale, that had accrued during my absence. Show less

Education

  • Saint John's University
    Bachelor of Arts (B.A.), Political Science and Government
    1987 - 2001

Community

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