What's changed since the last time Kristina was on the show? A lot. Mark and Kristina talk through what it is like to analyze and decide on lending in today's "new normal."

IN THIS EPISODE:

• [00:35] Mark explains what MBFS or Member Business Financial Services does, and Kristina explains her role at MBFS and how the company has grown since its inception. 
• [08:19] Kristina explains the pros and cons of working from home.
• [13:32] Kristina discusses how the higher interest rate is impacting the lending business and how those rates are impacting the economy in general. 
• [19:30] Kristina talks about the affordability of real estate and how the value of the real estate and its cash flow could be devalued. 
• [21:46] Kristina believes that credit unions should get back to basics and inform, educate and give options to borrowers who may need to renew a loan. 
• [25:28] Discussion of the lack of residential apartment units and low inventory of homes available. 
• [28:05] Discussion of warehouse space compared to office space and shopping malls and location, location, location. 

KEY TAKEAWAYS: 

• Interest rates have affected the housing market; however, a credit union is still a great place to visit to obtain financing.
• The necessity for office space is declining because of employees working remotely.
• Destination malls are still thriving; however, many malls are nearly vacant.

RESOURCE LINKS

Mark Ritter - Website

BIOGRAPHY: 

Kristina Paulson is the AVP of Credit Services at MBFS. After a career in banking, Kristina shifted to credit unions to assist in credit analysis. Today she leads the team's credit analysis on new loans, annual reviews and portfolio management.