How and why did you get involved with the Central Texas Association of Mortgage Professionals? Can you share the track within the association that led to your current leadership role?
Having been in the mortgage industry for more than 20 years, I was introduced to the CTAMP Board of Directors through an associate. Once I met this group, I realized what their goals were and what an amazing group of people they are, donating their time and energy for our association. It was an effortless transition to get involved and to share what I could of myself.
Why do you feel members of the mortgage profession in your state should join CTAMP?
Knowledge is power. We are a local chapter of NAMB—The Association of Mortgage Professionals, and they support and provide information and representation to the industry. We focus on teaching, while working to keep individuals informed on changes in the industry.
What role does CTAMP play in the federal and state legislative and regulatory environments?
As a trade organization, we are involved in both state and federal legislative issues, and we send our representatives to lobby each year. It is a very exciting time to be in this industry.
What do you see as your most significant accomplishments with the association?
While expanding our membership, we have been able to provide an extremely robust education program that addresses the day-to-day concerns of mortgage professionals. Our motto is: “Don't Wait, Educate!”
What is the synergy between CTAMP and NAMB?
We are a local chapter in the state of Texas, working with NAMB, and we have a fluid connection with them.
In your opinion, what can be done to bring more young people into mortgage careers?
This is still a tricky one, but I do believe it is an important subject. Young people need to have a way of integrating themselves into the mortgage field. Because the industry stepped away from paid mentoring programs as a result of heavy regulations, this may be a good time to revisit and revise that idea in order to attract a new wave of young mortgage professionals.
How would you define your state's housing market?
Very strong, steady and robust.
Phil Hall is managing editor of National Mortgage Professional Magazine. He may be reached by e-mail at PhilH@MortgageNewsNetwork.com.
The Texas Mortgage Bankers Association (TMBA) has announced the location and dates of its 101st Annual Convention. This year’s conference, “Defining Our Future,” will be held at the Hyatt Regency Hill Country Resort and Spa in San Antonio, Texas, Sunday-Tuesday, May 21-23, 2017. TMBA is expecting record attendance of more than 1,000 registrants.
►David Horne—Lobbyist and Consultant, David L. Horne, LLC
►J. David Motley, CMB—Chairman-Elect, Mortgage Bankers Association
►Mark K. Updegrove—CEO, National Medal of Honor Museum
Fannie Mae is being questioned by a prominent U.S. senators regarding the costs of its new regional headquarters in Plano, Texas.
According to a Dallas Morning News report, Sen. Chuck Grassley (R-IA) is questioning the expenses related to the 10-story, 330,000-square-foot building leased for 15 years by Fannie Mae last year. In a letter to Federal Housing Finance Agency (FHFA) Director Mel Watt, Grassely charged that the site represents "$24.2 million in excessive costs," and he questioned the judgment in locating the offices in that particular area.
"Choosing an area of Dallas known as the 'platinum corridor' makes me wonder who's minding the store," Grassley said. "It is inexcusable that neither Fannie Mae nor FHFA have conducted an appropriate review to determine the reasonableness of the lease or the budgeted build-out costs for this project. As an agency charged with oversight of the mortgage market, Fannie Mae has an even greater responsibility to effectively manage its own real estate project(s) and to do so in a manner that is not wasteful of taxpayer dollars."
Grassley further demanded that the FHFA produce a detailed accounting of its decision to choose the Plano location and an analysis of the costs related to this decision.
FHFA Deputy Director Bob Ryan responded on behalf of Watt, stating in a letter that "Fannie Mae's new Dallas office space, which is expected to provide a significant reduction in square footage from the current leased space, have fewer offices, add resiliency operations and have a much higher density design than the space Fannie Mae currently occupies."
Connecticut-based VA mortgage lender Military Direct Mortgage has announced its expansion into Texas and has appointed Alex Halisky as branch manager of the new Dallas office. Halisky is a seasoned direct-to-consumer mortgage professional with more than 18 years of experience in the mortgage banking industry. He will lead a team of licensed VA loan specialists to provide veterans and active duty military with home purchase and refinance options.
“After the start of our Avon, Conn. location, we quickly saw the need for a presence in other regions of the country. We are very happy and fortunate to have Alex run our Dallas branch” said Patti White, president of Military Direct Mortgage. “Alex has the knowledge and experience in the industry to guide a team of dedicated professionals to carry out our mission of ensuring that as many veterans as possible are aware of and can implement the benefits they so rightfully deserve.”