Skip to main content

New association formed for residential mortgage compliance professionals

National Association of Independent Housing Professionals
Jun 02, 2010

Jonathan Foxx, president and managing director of Lenders Compliance Group, has announced the official launch of the Association of Residential Mortgage Compliance Professionals (ARMCP), a national organization devoted exclusively to residential mortgage compliance professionals. ARMCP is a 501(c)(6) and a DE Not-for-Profit. It is the first and only national organization in the United States formed to offer discussion panels, educational forums, lectures, regulatory FAQs, advocacy, and other venues exclusively for residential mortgage compliance professionals. Regular Members must be industry participants who have an actual practice or institutional responsibilities involving residential mortgage compliance. Membership is free at this time. “In these demanding times, the mortgage loan origination industry needs competent compliance guidance and expertise in managing the labyrinth of regulatory rules and requirements,” said Foxx, whose mortgage risk management firm is sponsoring the founding of the association. “But until now there has been no single organization that responds to the unique interests and specific needs of compliance professionals, giving them the ways and means to review residential mortgage compliance issues among one another.” ARMCP will offer discussion groups, educational forums, panels, lectures, and other venues for residential mortgage compliance professionals. It seeks to improve ways and means to better serve the residential mortgage industry and, where appropriate, advocate the association's viewpoint. The goal is to encounter ideas and explore compliance issues, news, guidelines, and banking laws for the benefit of mortgage industry participants and for enhancing communications between members of the mortgage industry, regulators and the consumer. In a statement to new members, Foxx confirmed that the association will “reach out to other mortgage industry associations and offer our perspective toward proposed and existing mortgage banking regulations. Virtually every facet of residential mortgage compliance will have a committee to support all the members.” ARMCP has initially chosen the LinkedIn venue to facilitate membership, because it is a sufficiently robust platform for general communications and dissemination of information. The new group is assembling at LinkedIn, where members will work together to build this new professional organization of the residential mortgage industry. For more information, visit www.armcp.org.
Published
Jun 02, 2010
The Fed: Tapering Could Start In November

Open Market Committee also expects to raise federal funds rate a year earlier, in 2022

Regulation and Compliance
Sep 23, 2021
HUD, FHFA: Freddie Mac Can Buy Group Home-Backed Loans

Agencies issue rule clarification after a mortgage lender refused to lend to an individual renting to a group home

Regulation and Compliance
Sep 23, 2021
Fannie Mae Plans To Restart Credit Risk Transfers In 2021

Paused Since March 2020, New CRT Transactions To Begin In October

Regulation and Compliance
Sep 21, 2021
Biden Nominates McCargo To Lead Ginnie Mae

Currently Serves As Senior Advisor For Housing Finance At HUD

Regulation and Compliance
Sep 14, 2021
OCC Plans To Rescind 2020 CRA Rule

The OCC formally issued a proposal to rescind a controversial rule within the Community Reinvestment Act (CRA) that was published in June 2020.

Regulation and Compliance
Sep 10, 2021
CSBS Changes Servicer Liquidity Policy

CSBS And MBA Encourage States To Adopt Consistently

Regulation and Compliance
Sep 08, 2021