Apr 5, 2022
Hoosier Money welcomes Jack Hauersperger of UBL, LLC and investor Roger Lee, CFA to the podcast. We discuss how the business got started, how they plan to help undocumented immigrants purchase homes by providing credit and creating a credit history, and why UBL believes there is opportunity for lenders.
UBL Mission: Close the homeownership gap and build credit history for undocumented immigrants with zero involuntary displacement, offering fee-simple home loans. UBL loans require a 5% down payment + 4.99% to cover closing costs, charging interest rates below 9% vs. predatory peers at 12%+.
Unlike peers, we accept applicants with no FICO credit score or a minimum FICO of 500 & a DTI <36%.
Jack Hauersperger is the founder and CEO of UBL, LLC, an Indiana mortgage company focusing on ITIN loans to facilitate homeownership for undocumented immigrants. Jack graduated from the University of Pennsylvania's Wharton School of Business in 2020 with a double concentration in Real Estate and Finance. While at Wharton, Jack worked closely with his father, Joe Hauersperger, on a company focused on ITIN loans, which would eventually be the genesis for UBL. With over $5,000,000 in loans originated, Jack is looking forward to expanding UBL's reach state-wide and beyond.
https://www.linkedin.com/in/jackson-hauersperger-a64b2b145
Roger Lee, CFA is the Senior Research Analyst for Columbus, Indiana based investment manager, Kirr Marbach. Previously, Roger picked stocks for Pacific View Asset Management in San Francisco, an affiliate of BTIG and was also a research associate at both Nuveen Investments and Artisan Partners. Roger graduated magna cum laude with an accounting degree from Binghamton University and started his career at Ernst & Young, receiving his CPA in New York State.
https://www.linkedin.com/in/rogerlee123/
Outside of public equity investing, Roger is an
active local venture and real estate investor. Roger has mentored
and invested in startups through the TechStars and Gener8tor
accelerators. Roger is an early investor in a few notable
Indiana-based startups including Encamp, Conversight and Qualifi.
Roger is also very engaged with the local investing community,
serving on the board of CFA Society Indianapolis and Impact Central
Indiana, a Social Impact Fund launched by the Central Indiana
Community Foundation.
Who are the hosts?
Austin Crites, CFA: Austin is a past-president and current director of CFA Society Indianapolis. Professionally, he is the Chief Investment Officer at Aurora Financial Strategies where he manages US-focused, all-cap, style-agnostic equity strategies as the core of client portfolios. Austin is a 2008 graduate of Marian University in Indianapolis where he is now an adjunct professor in the Byrum School of Business.
Addison Perry: Addison is currently a Junior at Taylor University where she is majoring in Accounting with the plan to pursue her CPA. She has been involved with the Taylor University Endowment teams and is the founder of Investing Excellence where for two years she served as President. She is currently on the Taylor Residence Life staff and a member of the Taylor University CrossFit club. Addison is the Executive Assistant of CFA Society Indianapolis.
Ashley Merder: Ashley is a Brand Manager for a Tech company based in the Indianapolis area. She is the Executive Director and sits on the board of CFA Society Indianapolis. When she’s not working with clients or deep in the flow of design, she’s spending quality time with her husband and keeping up with their two little girls.
Matt Henry, CFA: Matt is a Senior Investment Officer at STAR Wealth Management. He is also a Past President and a director of CFA Society Indianapolis. When he’s not managing porfolios, Matt teaches Finance 300 at Ball State University. He enjoys air conditioning, wi-fi, and the conveniences of indoor living.