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Flood servicing 101

National Mortgage Professional
Aug 21, 2008

NAMB president's corner: 2008-2008 President Marc Savitt, CRMSMarc Savitttype keywords here..SEPERATE BY COMAS ONLY(,) It is a great honor to serve as president of the National Association of Mortgage Brokers, and I am grateful that you've entrusted me with this important position. In preparing to take on this responsibility, I have spent a great deal of time thinking about our agenda for the coming year. Since the end of 2006, Mortgage Brokers have been unfairly blamed for the mortgage meltdown and housing crisis in this country. The mainstream media has fueled our depiction as bad guys without fully researching and knowing the issues. As a result, a tidal wave of rules, regulations and legislation has come our way. As president of NAMB, one of my primary goals is to improve the image of Mortgage Brokers. I intend to meet with those who have been critical of our industry and educate them on the vital role Mortgage Brokers play in the mortgage market. Immediate Past President George Hanzimanolis, CRMS was an outstanding leader during his tenure as president of this great association. I plan to continue many of George's initiatives already underway, such as consumer financial education, member certification, and increased participation in NAMB programs such as the Lending Integrity Seal of Approval and the Commercial Mortgage Professional Program. On the legislative and regulatory fronts, NAMB will continue to address many issues before Congress, federal regulators and state officialsissues such as Real Estate Settlement Procedures Act (RESPA) reform, addressing affiliated business arrangements (ABAs) and increasing broker participation in the Federal Housing Administration (FHA) program. In addition, NAMB will continue to work with representatives from New York Attorney General Andrew Cuomo's office, as well as the government-sponsored enterprises (GSEs) and Office of Federal Housing Enterprise Oversight (OFHEO) on their proposed appraisal agreement, which would prohibit Mortgage Brokers from ordering and working directly with appraisers. We have a great team in place to address these and many other legislative and regulatory issues. I am confident we will continue to be a strong voice for our membership in the halls of Congress, the regulatory agencies and state capitols across the nation. Education is another priority for the coming yearboth for consumers and members. Due to economic conditions, it is now more important than ever to educate the next generation of homeowners on how to be financially responsible. With the help of several NAMB committees, including the Credit Scoring and Education Committees, we will work with communities to explore ways to promote a comprehensive financial literacy program for high school students. We have begun meeting with other groups to enlist their support on this initiative and to help build a coalition to explore the best way to develop and promote financial literacy programs in our nation's high schools. I believe education is also a key to our success as an industry. Many of our members are taking advantage of educational and certification opportunities to receive their General Mortgage Associate (GMA), Certified Residential Mortgage Specialist (CRMS) and Certified Mortgage Consultant (CMC) certifications. In addition, NAMB's Lending Integrity Seal of Approval requires brokers to adhere to a high standard of professional conduct, education and national criminal background checks. I believe these certifications and the Lending Integrity Seal of Approval set us apart and raise the bar for our industry. Finally, the launch of NAMB's Commercial Mortgage Professional Program last year provides NAMB with an opportunity to increase and expand our membership. I will work very closely with volunteers, industry sponsors and staff to help them develop exciting new programs to serve commercial mortgage professionals and help non-commercial professionals learn about new ways to grow their businesses. We have a lot to accomplish this year, but we also have a great team of volunteer members and staff to help us implement these important programs and services. I appreciate their willingness to serve and their dedication to the betterment of this association and the mortgage industry. I will make sure to bring this same dedication to my role as NAMB president. Marc Savitt, CRMS, President National Association of Mortgage Brokers
Published
Aug 21, 2008
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