MV PROFESSIONAL SOLUTIONS is a consulting mortgage firm that focuses on bridging the gap between African housing market and the Diaspora investors and home buyers.
We had the opportunity to email interview the Founder of MV Professional Solutions, Adenike Fasanya-Osilaja who’s part of the Africans Building Africa Community.
- Tell us about yourself and your organization
Recently selected as one of City People Magazine’s Real Estate Players to watch, Mrs. Adenike Fasanya-Osilaja is a Chicago, Illinois based Mortgage Professional and Housing Industry Trainer, Consultant, and Public Speaker. She has owned and operated Marvel Ventures Mortgage, Inc. (www.marvelmortgage.com), since 2000, and MV Professional Solutions Inc (www.mvpsolutionsinc.com) since 2009.
With a background in Law, Banking and Finance, she holds licenses and certifications in Islamic Finance, Fannie Mae, Freddie Mac, FHA/HUD, and is a National Association of Mortgage Professionals Certified Mortgage Consultant (CMC), the top certification in her industry. Adenike is a Real Estate Industry cClumnist with the National Mirror Nigeria newspaper, who hosted her own radio show for several years, and is an expert contributor on several U.S radio shows.
After accepting an invitation to facilitate an Executive level closed door conference on behalf of the Nigerian Mortgage Refinance Company (NMRC), Mrs. Fasanya-Osilaja, through her company, took on the mantle of bridging the gap between the African Housing Industry and the Diaspora market of investors and home buyers. She is an extremely involved Activist, and has spoken regularly at housing related events in the USA, Canada, Nigeria, and will soon be speaking in the UK.
Adenike is most passionate about training on Affordable housing, Mortgage Education, Standardization, Compliance and Quality control. She consults on Real Estate/Mortgage Finance Company Set-up, Product Development, Underwriting, Processes and Procedures, Competence, Compliance and Quality Control. She has presented and facilitated for the NMRC/CBN, REUnite 2015, The Abuja Housing Conference 2016, The Association of Nigerian Canadian Professionals and Entrepreneurs, CNB Financial, and at multiple other real estate finance events. Her consulting company, MV Professional Solutions Inc. is also very well regarded in the area of industry training.
Adenike is married with three children.
- How much did you need to start your organization and how were you able to raise that capital?
We did not really need much capital for our business, as we are more of on office set up agency. We were fortunate to be able to raise the funds we needed through our own reserves, as well as a loan to purchase our building. We also took a lease to purchase office equipment etc, all of which we have been fortunate to pay off in full.
- What are some of the challenges you face in your organization and how do you overcome those challenges?
For our business in Nigeria, the most obvious challenge would be location. I have a total phobia of flying, and that should actually tell you how passionate I am about contributing to the African industry, since I typically spend about 28 to 30 hours in flight every time I visit. I also hate to be separated from my family, so I do my best to stay in touch daily by Skype while I’m over there. The final challenge would be the terrain itself. There is so much work to be done, and it requires serious, steady hands on the steering of the industry. Hopefully as the industry continues to grow, it will morph into a full bodied and standardized sector.
- Where do you see your organization in 5 years from now and what steps are you taking today to reach that objective?
I have owned our international consulting company, MV Professional Solutions, Inc. since 2009. We are currently providing real estate support, mortgage and real estate training, as well as consultancy services. I also attend and speak at housing events internationally. In 2016, I was in Nigeria, UK and Canada, as well as the US, speaking at different events. We also brand and represent builders and developers from Africa, marketing their properties in the USA, through our real estate company Marvel Ventures Realty, Inc.
- What advice would you give other entrepreneurs looking to start a business or invest in Africa?
Don’t assume the industry is backward or undeveloped. The talent in Africa easily equals that of any developed country in the world. You should proceed with respect for the hard work that has been done before your arrival. Don’t be a sycophant. Contribute what you can and don’t force your opinions on anyone. Finally, don’t allow yourself to be disrespected. Know your spot, and own it.
- How is your business participating to the development of Africa?
Our priority right now is training. We have identified a severe gap in this area, in the African market, and believe it is one of the reasons the market is not meeting up to global standards. As a result international investors do not have enough information about the market to put their money into it.
We are also very focused on international marketing and branding. The industry has to tell the world what they are doing, and why they are worth investing in. There is a huge diaspora market, as millions of Africans live overseas, but there is no streamlined process of getting information to them. We are helping companies speak to their customers instead of waiting for the customers to find them. This will be key to the industry’s success in the next decade, and it is my personal goal to be its driver.