Washington

WMBA Presents the 2017 Mortgage Bankers Golf Classic, Wednesday, July 12 at the Washington National Golf Club, 14330 SE Husky Way in Auburn, Wash.
 
Click here for more information, call (206) 622-8425 or e-mail wmba@qwestoffice.net.

 
WMBA's Auction & Dinner Meeting will be held Friday, May 19 at the Woodmark Hotel & Still Spa, 1200 Carillon Point in Kirkland, Wash. This will be a “Brazilian Carnaval” themed evening to raise money for the WMBA and Attain Housing. It’ll be a fun-filled evening with dinner, cocktails, carnival games, live auction and a paddle raise for Attain House.
 
Click here for more information, call (206) 622 8425 or e-mail wmba@qwestoffice.net.

 
The Washington Mortgage Bankers Association Past Presidents Night will be held Tuesday, April 18 at the Woodmark Hotel, 1200 Carillon Point in Kirkland, Wash. Past Presidents Night is when WMBA takes the time to honor the association’s past presidents and their many contributions to their long-standing success.
 
WMBA is excited to welcome Mike Flood of the Seattle Seahawks. Mike is the VP of Community Relations and will be sharing some of the awesome work the Seahawks do for our community. He’ll also be sharing various business and marketing opportunities the organization is affiliated with and how we can potentially partner with individually or with our respective companies.
 
In addition, WMBA just received confirmation that Seahawk’s legend, Jordan Babineaux will be joining them! WMBA will be donating $500 to Jordan’s charity of choice for his attendance.
 
Click here for more information or call (206) 622-8425 or e-mail wmba@qwestoffice.net.

 
The 2017 NW Mortgage Expo & Real Estate Summit will be held Friday, September 22 at the MOTIF Seattle Hotel, 1415 5th Avenue in Seattle.
 
For more information, call (206) 484-6442 or click here for complete details
Tony Blodgett is the regional vice president for the Northwest at New American Funding and president of the Washington Mortgage Bankers Association (WMBA). National Mortgage Professional Magazine recently spoke with Tony about his work with his state’s mortgage trade group.
 
When did you first get involved with Washington Mortgage Bankers Association? What was the path that led you to a leadership role within WMBA?
WMBA is a fairly new organization. I was a member of the Seattle Mortgage Bankers Association for the past 20 years. Through networking and attending events and talking to people in leadership positions, I let them know that I was interested in being more involved in the organization. This led me to being on the board. This was about five years ago. Soon after, our treasurer resigned and we needed someone to fill that position. I was nominated, which got me into an executive leadership role.
 
There was a unique situation that same year–the merger of the Seattle Mortgage Bankers Association and the Washington Mortgage Lenders Association. When the organizations merged, I was asked to remain as treasurer for a second year. From there, I became vice president and then president. My term as president began in September of 2016 and runs for a year.
 
Why should members of your state’s mortgage profession join WMBA?
There are a number of benefits that someone gets from being a member of WMBA. There are networking aspects–where you can gain knowledge from other lenders. We are a statewide organization that has a full-time lobbyist and good communication with the legislative community. Companies that join us have a voice and can be part of influencing change.
 
How is WMBA involved in shaping legislative issues, at both the state and federal levels?
We have our chairman of the board focusing exclusively on legislative initiatives related to our industry. We work very closely with our local legislators. Each year, we participate in a Legislative Day, where we go to Olympia and meet with important legislators who work with the mortgage and banking industries. We also have good relations with the Washington State Department of Financial Institutions.
 
At the federal level, a number of us represent the association at the Mortgage Bankers Association’s (MBA) National Advocacy Conference where we meet with federal legislators in Washington, D.C.
 
What has been your most significant accomplishment within the association?
Supervising the merger between the Seattle Mortgage Bankers Association and the Washington Mortgage Lenders Association required a lot of support from both organizations. It took a lot of effort to get those groups aligned, and we grew even stronger from the mortgage professionals in Washington State.
 
What is the synergy between WMBA and the national MBA?
Part of what we did in the merger was to become a member of the national Mortgage Bankers Association. That offered an additional benefit to our members and it gives us very close communications with the national MBA. We work pretty closely with them on anything happening with our local legislators. We may not always agree 100 percent, but we try to work with the MBA in representing the same positions on a national level, as well as a local level.
 
In your professional opinion, what can be done to bring more young people into mortgage careers?
There are not a lot of young people coming into the industry. What could help would be if more companies had programs in place to bring in entry-level people. It is difficult to get a job in mortgage banking, because the typical company wants people with experience, especially on the sales side. It is also difficult for people to earn a living while learning the business. That could be helped by a program where we bring on junior mortgage originators and maybe salaried positions to come in and learn the business.
 
What is the housing market like currently in the state of Washington?
We have a very strong housing market, led by good strong employment and growth. The challenge is a lack of inventory. It is harder to find a home and that drives home values up due to the lack of supply in the market.
 
Also, we are something of a seasonal market. The listings of homes are typically lower through the winter months, and then increases in the spring and summer months.
 
Phil Hall is managing editor of National Mortgage Professional Magazine. He may be reached by e-mail at PhilH@NMPMediaCorp.com.
Dart Appraisal has announced that it has been named an approved Appraisal Management Company (AMC) by Ditech Financial LLC
Dart Appraisal has grown its panel of appraisers in Washington state by 15 percent since October 2016. Washington, and more specifically, greater Seattle, has been one of the most competitive real estate markets in the country for the past year.
 
“It’s no secret that Seattle has been, and remains today, an incredibly hot market,” said Michael Dresden, president of Dart Appraisal. “AMCs across the industry have been experiencing extended turn times for appraisal reports. To best serve our clients that are based or lend in the Pacific Northwest, we wanted to ensure we had the most robust appraiser panel available. That’s why we personally went into the market, to meet and get to know the appraisal professionals working in and around Seattle.”
 
The Michigan-based AMC hosted four networking events in Seattle, two in October 2016 and two more in January 2017. In-person appraiser recruiting is fairly uncommon in the AMC space, as most companies rely on electronic methods to build their appraiser panel. Dart Appraisal requires their panel appraisers to be state-licensed or certified and have completed at least 1,000 appraisals.
 
“We’ve spent 24 years developing our appraiser panel, and we place a strong emphasis on getting to know the appraisers we work with,” Dresden said. “By meeting local appraisers face to face, we were able to substantially grow our panel as well as have productive conversations about how we can best work together for the benefit of our lender clients.”

2017 WAMP Legislative Day is set for Wednesday, March 15th. 

Each year, WAMP members and constituents make our way to Olympia, Wash. to meet with lawmakers. YOUR PARTICIPATION is crucial toward reminding lawmakers that ANY and ALL legislation that affects housing, real estate, mortgage banking and loan originating in Washington State should be vetted by professionals in the industry ... if for no other reason than to avoid unintended consequences from otherwise well intended legislation.

Please GET ON THE BUS with WAMP on March 15, 2017!  

WAMP's chartered bus will pick you up at any one of the following Park & Rides the morning of March 15, providing you to and from transportation to the State Capitol:

►Seattle’s Ravenna Park & Ride at 7:00am
►Bellevue’s Wilburton Park & Ride at 7:45am
►Tacoma’s Lakewood Park & Ride at 9:00am

The WAMP Bus will begin its return from the Capitol at approximately 5:00pm. Continental Breakfast and Coffee will be served in Olympia upon your arrival on the WAMP Bus. A selection of Box Lunches will be available for all registered guests. This is an important annual event for our Washington State Trade Association.  Effective grass-roots mobilization gives us a powerful voice with lawmakers and allows us to positively influence our work environments, our careers, our entire industry.

For more information, click here or call WAMP at (206) 484-6442.

2017 WAMP Legislative Day

 

The 2017 WAMP Annual Meeting is set for Thursday, February 9 at 6:00 p.m. at The Foundry, 4130 1st Avenue South in Seattle, Wash. 

►Join WAMP for passed hors d’oeuvres & no-host cocktail reception with industry exhibitors

►Sumptuous dinner prepared by the award-winning Herban Feast Catering

►Legislative updates and meet your 2017 WAMP Board of Directors.

►A very special presentation: Thach Nguyen & Isaac Stegman professionally Coach Mortgage, Real Estate & industry related Professionals closing MILLIONS of Dollars a MONTH!  They have designed an exclusive FREE Coaching Session for all of our attendee’s, designed to INSPIRE YOUR BEST SELF and DISCOVER YOUR POTENTIAL in 2017!

Click here for more information or call (206) 484-6442.

Four of the nation’s 10 most competitive residential markets for 2016 are based in the Seattle metro area, according to a new data report from Redfin

Four of the nation’s 10 most competitive residential markets for 2016 are based in the Seattle metro area, according to a new data report from Redfin.

In reaching its year-end conclusion, Redfin analyzed neighborhoods in 27 metro areas, with a particular focus given to median days on market, the average sale-to-list price ratio and home price growth. Redfin also noted the percentages of homes that sold for all cash and that sold for more than their asking price in determining competitiveness.

The most competitive neighborhood this year, as determined by Redfin’s standards, was the Factoria section of Bellevue, in the Seattle metro area, while the city’s University District placed second. A pair of Boston-area neighborhoods (Washington Square in Brookline and Prospect Hill in Sommerville) ranked third and fourth, while two San Francisco-area neighborhoods (Inner Richmond and Dolores Height) followed in fifth and sixth place. Rounding out the top 10 were another Bellevue community (Woodridge), Lakeside in the Wheat Ridge section of the Denver metro area, the West Adams area in Los Angeles and the Brickyard Road-Queensgate section of Bothell in Seattle’s metro area.

“What’s driving the competition?” said Keena Bean, a press spokesperson for Redfin. “Continuously low inventory is one key factor. A six-month supply of homes for sale signals a balanced market between buyers and sellers, but home supply in most metros featured in the top 30 hovered near one or two months throughout the year.”