As I write what may be my last message as the president of the Florida Association of Mortgage Professionals (FAMP), I reflect on what an honor it has been to serve as president of this great association over the past two years. To those who have served on the state level as the associations' Committee chairpersons, members of the board of directors, on the Executive Committee during my terms as president, and all of the members who served their individual chapters, my sincerest thank you for all of the work and time you have given to the association. It is through your hard work and efforts that our association continues to thrive. I would be especially remiss without a thank you to all of our members who financially support our association through your dues.
Although we had hoped that changes in our industry would have abated, they keep coming. We now have trended credit on its way and proposed changes from CFPB to "Know Before You Owe" (aka the TRID Rule). You have noticed changes to credit reports regarding how revolving credit is shown. Now you will now see 24 months of payment and balance history, plus other new data, all which is part of trended credit.
FAMP’s Chapters have held informational events, and will continue to host speakers at their local meetings to provide information about relevant topics such as trended credit data. We will continue to keep our members informed about these changes and much more. As the CFPB releases its proposed changes and the comment period opening is announced for "Know Before You Owe,” we will keep you informed, provide all of the information we can garner, and help you meet the deadline for making comments to the CFPB.
With all of that in mind, the FAMP Annual Convention and Trade Show is fast-approaching and kicks off on Wednesday, Aug. 17 with our Annual Golf Outing. Attend our outstanding breakout sessions covering a myriad of topics to keep you up-to-date on products and keep you compliant; complete your eight-hour CE requirement at one of our live classes offered during the convention; and attend our two-day trade show. This is our largest show in a decade, and it is sold out of booth spaces and will be jam-packed with exhibitors, many who are new to our event. Come to meet them and grow your business!
This year FAMP honors the "Red White and Blue.” Attend our "Homes for Our Troops" Breakfast, our Annual OFR Luncheon, and our "Star-Spangled Celebration and Awards.” For more information and to register, visit MyFAMP.org.
If you are not a member of FAMP, visit MyFAMP.org and join today. Our association and your industry needs your support.
David Kane is a regional manager at Security National Mortgage Company and statewide president of the Florida Association of Mortgage Professionals (FAMP). He may be reached by phone at (239) 851-7671 or e-mail [email protected].
This article originally appeared in the July 2016 print edition of National Mortgage Professional Magazine.
