Washington

The 2018 WAMP Golf Tournament will be held Tuesday, June 12 at the Harbour Pointe Golf Club in Mukilteo, Wash.
The 2018 WAMP Golf Tournament will be held Tuesday, June 12 at the Harbour Pointe Golf Club in Mukilteo, Wash.
 
We’ll be playing TWO tournaments simultaneously!
 
►Tournament A: Our traditional tournament Scramble made up of Teams of 4 with optional Mulligans, Strings & other tournament enhancements.
►Tournament B: A more competitive tournament for Teams of 2 with NO enhancements.
 
There’ll be separate Grand Prizes for each tournament PLUS additional prizes for participants including:
 
►Putting Contest
►Closest to the Pin
►Long Drive
►Straight Drive
►“Use the Pro / Beat the Pro” *
►Best 70’s themed Golf Attire – Individual
►Best 70’s themed Golf Attire – Team (Teams of 2 & 4 qualify)
►Best 70’s themed Sponsor T-Box Hole
2018 WAMP Golf Tournament – Harbour Pointe Golf Club

 
WAMP Presents "8 + 1 Hour NMLS Live CE-Spokane," Tuesday, June 5 at the Rock Pointe East Building, 1313 N. Atlantic Street, Large Conference Room (Main Floor) in Spokane, Wash.
 
Join MEC and WAMP for a fun and interactive class in Spokane WA! This course will include the 8 hours of National CE and 1 hour of WA state-specific CE.
 
Click here for more information. 

 
Motto Franchising LLC is on a mission to end hunger in America, one bag of food at a time
Motto Mortgage, a mortgage brokerage franchise and member of the RE/MAX Holdings family of brands, now has a franchise in Washington State. Scott and Renee Comey, Broker/Owners of RE/MAX Elite in Smokey Point, Everett, Scott and Renee Comey, Broker/Owners of RE/MAX Elite in Smokey Point, Everett, Snohomish, Woodinville and LynnwoodSnohomish, Woodinville and Lynnwood, have announced that their new Motto Mortgage franchise, Motto Mortgage Elite, is now open in Snohomish.
 
“Motto Mortgage Elite was founded to provide more loan options and a higher level of customer service,” said Scott Comey. “Our Loan Originators are dedicated to providing exceptional communication, improving their knowledge of the marketplace and building relationships beyond just facilitating loans. One of our core values is ‘Community Driven,’ as we strive to give back and participate locally in community functions.”
 
Motto Mortgage Elite Loan Originators will have access to competitive loan options from various sources, rather than being bound to the products of one specific lender.
 
“Western Washington is one of the fastest growing real estate markets in the nation,” Renee Comey said. “In this market, homebuyers need more options to compete for homes. We can fill that need with a single point of contact. We work with multiple wholesalers to find the best rates, great partnerships with streamlined underwriting processes to be competitive with faster closing timelines and most importantly, outstanding, seasoned loan officers to help navigate the home buying process.”

 
From left to right, the new PRMI Seattle team of Ryan Todd, Lindsey Morris, Scott Sheridan, Svetlana Brikina, Theresa Sheridan, Kyle Bergquist, Eric Sitts, Sam Langford, Shawn White and Susan Harrison
Primary Residential Mortgage Inc. (PRMI) is expanding in Washington, opening a new brick-and-mortar branch in Seattle under the management of Kyle Bergquist. The Seattle branch will be the 11th PRMI office in the state.
Primary Residential Mortgage Inc. (PRMI) is expanding in Washington, opening a new brick-and-mortar branch in Seattle under the management of Kyle Bergquist
 
Bergquist comes to PRMI with six years of experience in the mortgage industry. Prior to joining PRMI, he was a Senior Loan Officer with Guild Mortgage. In Bergquist’s new role, he will be responsible for the overall management of the branch, recruitment and assisting individuals with their home loan needs.
 
Bergquist will be joined by Sales Manager Theresa Sheridan, a 16-year veteran in the industry, who will be responsible for the sales team.
 
“There are several loan programs offered to support homebuyers and most people have no idea they exist,” Sheridan said. “Our team is here to give people in our community the tools and resources they need as they make one of the biggest financial decisions in their lifetime. We are here to help every step of the way.”
 
The new PRMI Seattle team also includes Loan Officers Scott Sheridan, Svetlana Brikina, Shawn White and Ryan Todd; Loan Officer Assistants Lindsey Morris, Eric Sitts and Samuel Langford; and Marketing Coordinator Susan Harrison.

 
WFG National Title Insurance Company, a Williston Financial Group company, has acquired Spokane, Wash.-based Inland Professional Title LLC
WFG National Title Insurance Company, a Williston Financial Group company, has acquired Spokane, Wash.-based Inland Professional Title LLC. Inland Professional Title is a title and settlement services provider serving Okanogan and Spokane Counties in Washington, operating five offices in those counties and has 65 employees. Former Owner/County Manager Kevin Ferguson will become an Executive Vice President with Inland Professional Title and continue to manage the operation, which will soon undergo a name change to “WFG National Title Company of Eastern WA.”
 
“We are delighted and honored to be able to add the Inland Professional staff and client base to the WFG community,” said Patrick Stone, Chairman and Chief Executive Officer of Williston Financial Group. “Like WFG, Inland Professional Title has always regarded itself as a part of its clients’ process, and has conducted its business with the upmost professionalism.”

 
New American Funding has announced the opening of a new Charlotte branch in the heart of the city’s South Side
New American Funding is expanding its territory across the Greater Eastside area of Washington State with the grand opening of a branch in the heart of Bellevue’s business district. New American Funding opened the branch after recognizing the tremendous growth in the Seattle metro area and saw this as an opportunity to service the needs of consumers throughout Kirkland, Wash. and Bellevue, Wash.
 
“We’re committed to finding creative financing solutions for every client,” said New American Funding Branch Manager Diana Bowar. “We’re passionate about working with first-time homebuyers and showing them how they can get into a home. We believe in thinking outside of the box.”
 
Bowar, a native of the area, was identified to lead the expansion due to her track record in the mortgage industry and connection to the community. She brings more than 25 years of experience to the company.
 
“Diana is a tremendous asset to our company and this community,” said New American Funding Regional Manager Tony Blodgett. “Her values align with ours and she’s ideal to spearhead our growth to the next level.”

 
Scott St. John is Vice President of Production and Branch Development at American Pacific Mortgage and President of the Washington Association of Mortgage Professionals (WAMP)
Scott St. John is Vice President of Production and Branch Development at American Pacific Mortgage and President of the Washington Association of Mortgage Professionals (WAMP). National Mortgage Professional Magazine recently spoke with Scott regarding his work with this trade group.
Scott St. John is Vice President of Production and Branch Development at American Pacific Mortgage and President of the Washington Association of Mortgage Professionals (WAMP) 
How did you first become involved with WAMP?
Philanthropic services, paying it forward, and volunteering are a part of my core characteristics since I was a kid. I’m always seeking an opportunity to serve. Our corporate office in northern California was building out the Seattle market.
 
Why would a mortgage professional in your state want to join WAMP?
We are their voice in Olympia and in Washington, D.C. We also offer continuing education annually to all originators. If their companies are corporate annual partners, that continuing education comes to their originators for free.
 
We also offer real-time value throughout the year in blowing up their business: Time management, business planning, true sales skills and leadership training. I don’t believe we get true leadership education in schools. We need leadership and knowing how to lead with care and candor. We recently launched the WAMP Leadership Institute, which has tracks to help mortgage professionals gain real life skills in how to grow themselves. That is a value-added to our membership.
 
What role has WAMP played in the legislative process?
Right now, the state legislature is in recess. But we had a very successful year in killing some potential legislation that would have increased the property tax from the current set schedule of one percent to a proposed five percent. That would have taken the young out of the market and potentially decimated the elderly by forcing them to sell their houses because they could not continue to pay property tax.
 
On a national level, we have a bit of an appraisal crisis on our hands. By placing a four-year college degree requirement on appraisers, we could have quite a deficit in that profession. We were able to extract that from the requirement.
 
Scott St. John is Vice President of Production and Branch Development at American Pacific Mortgage and President of the Washington Association of Mortgage Professionals (WAMP)What is WAMP’s relationship with NAMB?
It’s healthy and has a regained focus. That was part of my mission for 2017. We had a much stronger bond several years ago, but some leadership on our board made a departure from that. I worked to bring back a more united front.
 
You’ve been in the mortgage industry for 37 years. What do you see as your most significant career accomplishments?
In the first half of my career, I had “Empire-it is” … it was all about me. The back half of my career was all about giving back—I coach and mentor young Loan Originators. I’m passionate about homeownership in America, but I also feel all we really own is our time. I see two choices: Squander or invest, and I choose to invest.
 
You mentioned mentoring young originators. Do you see more young people coming into the mortgage profession?
Yes, I do. They are looking at all different careers out there, and they are finding the barrier to entry in real estate and origination is really quite low: An NMLS license. This career also offers income that rivals some of the most prestigious in the country.
 
I tell young people that they should focus on “career” and not on a “job,” because that’s only an acronym for “Just Over Broke.”
 
What is the state of your local housing market?
Seattle is one of the fastest-growing markets in the country. We’re growing up, not out, because we have urban growth boundaries. The building crane is our new state bird!
Phil Hall is Managing Editor of National Mortgage Professional Magazine. He may be reached by e-mail at PhilH@MortgageNewsNetwork.com.

 
Seattle Mayor Jenny Durkan has announced that the city will allocate a record level of $100 million in affordable-housing projects in the coming year
Seattle Mayor Jenny Durkan has announced that the city will allocate a record level of $100 million in affordable-housing projects in the coming year, including 26 homes for first-time homebuyers plus nine new apartment buildings.
 
According to a Seattle Times report, the nine new multifamily developments will total 896 apartments, while two “affordable-homeownership sites” will be used for the construction of the new 26 homes. The funding also will help to maintain four existing apartment buildings with a total of 535 unites.
 
The money is being annually by the city’s Office of Housing to non-profit organizations, and rents and home prices will be aimed at households earning less than the area’s median incomes.  The allocation is more than twice the $51.1 million invested by the city last year and it surpasses the previous record of $67 million set in 2015.

 
One of the nation’s most expensive housing markets is the focus of a new plan that would encourage new construction focused on affordability
One of the nation’s most expensive housing markets is the focus of a new plan that would encourage new construction focused on affordability.
 
According to a Seattle Times report, Mayor Tim Burgess has previewed a plan that was first begun by his predecessor Ed Murray. Under this endeavor, the city would give the greenlight for denser construction and taller buildings in 27 so-called urban villages, which are neighborhood nodes designated since the 1990s to accommodate the majority of Seattle’s expansion. The mayor’s plan would also rewrite zoning mandates in the urban villages to allow a wider variety of housing options, such as cottages, row homes and small apartment buildings. The proposal also includes zoning changes with requirements for developers to build low-income housing as part of their projects or pay fees to finance municipal efforts to create affordable housing elsewhere.
 
“There is a housing crisis in our city,” Burgess said in a press conference. “I don’t know anyone who disagrees with the desire to create more affordable housing.”
 
The introduction of the plan is one of Burgess’ last major policy announcements. Jenny Durkan, who was elected mayor on Tuesday, will be sworn in Nov. 28. Burgess said Durkan supported the plan.

 
Seattle Mayor Jenny Durkan has announced that the city will allocate a record level of $100 million in affordable-housing projects in the coming year
The latest “Emerging Trends in Real Estate” study put out annually by PwC and the Urban Land Institute is predicting that Seattle will be the hottest real estate market in 2018.
 
The new study is based on a survey of 1,600 property owners, developers, investors, lenders and real estate industry professionals. Seattle, which placed fourth in last year’s report, was cited for its fast-growing population and a youthful, educated workforce, coupled with a high quality of life environment. However, the report noted that the housing market could be less challenging, as the city ranked 10th in homebuilding prospects for the coming year.
 
The other top markets ranked in the survey as among the hottest for 2018 are Austin, Salt Lake City, Raleigh-Durham, Dallas-Fort Worth, Fort Lauderdale, Fla., Los Angeles, San Jose, Nashville and Boston. However, the report warned that income inequality could pose significant challenges to all real estate sectors and the wider economy.
 
“If a so-called black swan is out there, it could be less in overheating than in unraveling,” the report said. “The long-term strength of the U.S. economy has been in the stability and growth in middle incomes. Upward mobility in both the blue-collar and white-collar sectors has fueled housing demand, consumer spending, and even office sector growth … The three-decade-long exacerbation of income inequality, wage stagnation, and regional economic disparities threatens the breadth of the demand drivers across the economy, and for real estate as well.”