Mr. Nokken is an expert in the accounting and regulatory reporting related to mortgage banking activities.
Mr. Nokken has over twenty years of experience in the financial services industry and has been with Wilary Winn since 2004.
Mr. Nokken leads Wilary Winn’s mortgage banking activities line of business. Eric’s team provides mortgage servicing rights valuations on portfolios that range in size from $4 million to over $4 billion for more than 250 clients across the country. Eric is an expert in the accounting and regulatory reporting related to mortgage banking activities, including interest rate lock commitment and forward loan sale commitment derivatives, as well as mortgage servicing rights.
Mr. Nokken also values commercial servicing rights, SBA servicing rights and gain on sale calculations related to SBA loan sales as well as auto, home equity and HELOC servicing related to loan sale participations.
Prior to joining Wilary Winn, Mr. Nokken served as Manager of Financial Planning and Analysis at GE Home Finance and its predecessor company. His work included developing financial models to budget the servicing operation’s delinquencies, losses and required reserves, as well as forecasting interest income for the company’s home-equity portfolio. He also valued the companies’ servicing rights and residual assets quarterly.
Mr. Nokken has also served as an Assistant Lender in a community bank.