How did you first get involved with the Wisconsin Mortgage Bankers Association? Can you share the path that led you to your leadership position?
I got involved with WMBA because I was beginning to participate more within our mortgage side of the business. I had been involved in consumer lending at North Shore Bank, and as my management of mortgage lending grew, I gravitated to the WMBA to gain more knowledge and meet people.
Why should mortgage professionals in your state become members of WMBA?
As a member of WMBA, you are a part of the only organization dedicated solely to the mortgage profession. Our goal is to strengthen the mortgage lending industry in Wisconsin through education, networking and political activism amongst all stakeholders. I have learned so much from the people in the organization–there are dozens of people who I can call and get real answers to many questions.
How is your association involved in shaping legislation at both the state and federal levels?
WMBA has a lobbyist employed to assist with legislative issues within the state. One issue we were involved in was the referendum changing the fee payment structure with the DFI for NMLS licensing fees for loan officers in the state of Wisconsin. Historically, the lender had to pay annual dues for NMLS state licensing fees; these annual fees are due and payable Dec. 31.
Full due fees were required to be paid upon licensing and not prorated if the licensing took place in November and December, then due and payable again in full for the Dec. 31 renewal. Employers were hesitant to hire during that period, since they would have to pay full fees for November or December and again a full fee Dec. 31 for the new year. Now, if they register in November and December, they are licensed for a 13-14 month period and not required to pay twice within a few months.
What has been your greatest accomplishment within the association?
I am proud to have played a part in WMBA becoming the clearinghouse for mortgage-related issues and for helping people find ways to solve problems. Many of our meetings are educational. We have several large financial institutions in Wisconsin, but we also have a huge number of smaller, community banks, mortgage banks and brokers that do not have the staff in place to sift through 1,000-page regulations. WMBA gives them the information to do their job legally and correctly.
What is the synergy like between your association and the national MBA?
Members of the WMBA may or may not be members of the national Mortgage Bankers Association. We try to cooperatively align ourselves with the national group because they obviously have a broader reach and more staff to help us stay on top of important issues of the day and solve problems.
In your professional opinion, what can be done to bring more young people into mortgage careers?
We recently completed our second year of the Best in Business Awards at WMBA. One category was the Rising Star, a recognition award for Millennials positively affecting our industry. To allow for Millennials to have a greater say in the direction of our organization, we formed a committee made up of our Rising Stars Award finalists. We are excited to receive and implement their input and observe the outcome of their leadership within our organization.
What is the housing market like in the state of Wisconsin?
With house prices back to where they were before the Great Recession and the attractive rate environment, our housing market is on the rise. Inventory is still somewhat limited, but we see construction lending now coming into play. Consequently, this is a strong and rising environment.
Phil Hall is managing editor of National Mortgage Professional Magazine. He may be reached by e-mail at PhilH@NMPMediaCorp.com.
“We need an all-hands approach in strengthening neighborhoods and helping homeowners avoid foreclosure,” Alderman Murphy said. “This partnership and assistance from Ocwen will help many residents stay in their homes and keep our valuable housing stock stable and viable.”
GSF Mortgage Corp. has added both Coby Matush and Brian Salak as mortgage loan originators in GSF’s Brookfield, Wis. location. Both Matush and Salak are new to the industry and have recently completed the Xinnix Training for Loan Officers course as part of GSF Mortgage’s initiative to welcome Millennials into the mortgage business.
Matush is a recent graduate from Indiana University of Pennsylvania with a major in business and a duel focus on HR management and general management. Salak is a recent graduate from California University of Pennsylvania with a degree in business administration with an accounting concentration.
“I have extremely high expectations for both Coby and Brian,” said GSF Mortgage President Chad Jamepdro. “They were chosen to be a part of our expansion project for non-experienced loan originators and they have been excellent selections so far. Both are highly intelligent and extremely hard workers. They have everything it takes to be successful in the mortgage industry, and I am proud that they are beginning their careers here at GSF. You will see great things from both of these young men.”
GSF Mortgage has named Debbie Beier as chief operating officer. Previously GSF's general manager, Beier will focus on making each department more efficient and break down the barriers between operations and sales. She will also work on increasing the service level standard at GSF Mortgage.
Beier is a well-established mortgage industry professional and has spent more than 20 years in the industry. The majority of her career has been spent in sales. She started out as an AE in sub-prime lending and transitioned into an account representative on the conforming lending side. She has spent the past eight years at GSF Mortgage where she began as an AE for the wholesale division and transitioned into business development and recruiting. Upon being promoted to general manager, Beier easily transitioned to the operations side of the mortgage industry due to her prior operations background in the insurance finance industry.
“It is my pleasure to introduce Debbie Beier as GSF Mortgage’s chief operating officer," said GSF Mortgage President Chad Jampedro. "Debbie’s commitment to our business and industry is unwavering. Beyond the accolades and titles, Debbie does one thing every day better than anyone else: she cares. She cares deeply about our customers and employees. Congratulations Debbie, the promotion is well deserved and we are all fortunate that we work with her on a day-to-day basis."
Beier was nominated by the Wisconsin Mortgage Bankers Association (WMBA) as a finalist for the Milwaukee Chapter’s Best Mortgage Operations Award.
Outside of GSF Mortgage, Beier is a Girl Scout Troop leader and also serves on the advisory board at Lenders One.
GSF Mortgage has announced that Regional Manager Leo Spanuello has been elected as secretary of the Wisconsin Mortgage Bankers Association (WMBA). Spanuello became involved with the WMBA in 1994 as a way to better position himself in his career. He has held several positions such as the Milwaukee Chapter President and headed up separate committees on the state board including the single-family committee, membership committee and acted as a banker/broker liaison.
Spanuello has been in the mortgage industry for 23 years and has been involved within every facet of the business including mortgage loan originator, managing a wholesale and correspondent division, working for a title company and employed 12 years as a regional manger.
“The value of being involved with the Mortgage Bankers Association is not only the visibility amongst your peers but more so the knowledge and access that you have to make changes at a higher level,” said Spanuello.
Among the WMBA Board of Directors for 2016-2017 include Leo Spanuello, secretary; Jan Brezina, treasurer; Joe Doyle, president elect; Mike Kellman, president; and John Inzeo, past president.
Inlanta Mortgage has announced the relocation of its corporate office to the Jannsen Center in Pewaukee, Wis. to accommodate its expanding operations and administrative staff.
“We have experienced consistent and steady growth over the last several years. This year has pushed us to capacity in our current location,” said Nicholas DelTorto, president and CEO of Inlanta Mortgage. “The new office will support our continued growth and expansion as we continue to achieve sales volume of record highs. I am extremely proud of our company and the service we provide to our referral customers, consumers, and the communities we serve. This is such an exciting step for the company as we are nearing our 25-year anniversary. Plus, it is a beautiful location for our corporate headquarters. It is a wonderful testimony to the people in this company, the quality of their work, and our unique culture that has allowed us to survive during rate fluctuations, and assimilate mountains of new regulations within this industry.”
Inlanta continues to expand, now operating 16 offices in the state of Wisconsin alone, and a total of 35 offices in nine states.
GSF Mortgage has announced the addition of Tim Lammers as a mortgage loan originator in Brookfield, Wis., joining the company with 16 years of mortgage industry experience.
“Tim Lammers is a 16-year veteran of the mortgage industry," said GSF Mortgage Regional Manager Leo Spanuello. "Personally, I have had the pleasure of working with Tim for more than 12 years. He has consistently put in the extra effort to make certain his customers are positioned to take advantage of the very best mortgage options available. Any borrower who works with Tim is fortunate to have him in their corner. I look forward to working more closely with him and we are very pleased to welcome Tim to our GSF team!”
Local officials and business leaders recently joined executive team members and employees of Fairway Independent Mortgage Corporation to celebrate the ground-breaking of the company's new corporate headquarters to be located on the east side of Madison, Wis.
"The employees of Fairway are grateful and humbled to have this opportunity," said Fairway CEO Steve Jacobson. "We will continue to strive for daily improvement, with continued focus on helping and serving consumers with their mortgage financing needs."
Fairway Independent Mortgage is constructing their new 97,000-square foot office on the American Center property, just a few miles from one of its most successful branch offices in Sun Prairie, Wis. Across the street from the current corporate office, the new building will have the added potential of two additions that could increase its size to 150,000-square feet.