NMP - September 2016 - 21

N A M B P E R S P E C T I V E Associate Members. This way, all voting members are understanding of the two different classes. Both of these memberships now cost $120. Which, if you look at other associations, we are still much cheaper in price than joining those others. The new board of directors will be taking the oath of office on Sept. 25 at the NAMB National Awards Gala. This group will be led by Fred Kreger as the new NAMB president and he has some great ideas coming into the new year and will be going over these ideas in his speech at the Gala. Please make sure that you register for this event. The Gala is also where we are going to announce our major awards of Mortgage Professional of the Year, The Kathy Love Volunteer of the Year and the NAMB Affiliate Company of the Year. So come out and join the fun. Donald J. Frommeyer, CRMS is chief executive officer for NAMB-The Association of Mortgage Professional. He may be reached by e-mail at NAMB.CEO@NAMB.org. NAMB East Headed to Atlanta By Linda McCoy, CRMS NAMB's Government Affairs Committee had a very busy year. Between our legislative efforts regarding HR 3393-The Mortgage Fairness Act of 2015, the creation of our legislative advocacy page which can be accessed from the NAMB Web site, our legislative blog at NAMBGA.org, our Webinars which aim to provide resources for loan originators, and a very successful Legislative & Regulatory Conference in Washington, D.C., NAMB's Government Affairs Committee made its mark in 2016. NAMB continues to work towards the passage of HR 3393-The Mortgage Fairness Act of 2015, originally sponsored by Rep. Bill Posey (R-FL) and Rep. Dennis Ross (R-FL). This bill aims to remove lender-paid compensation from the three percent points and fees cap under the Qualified Mortgage (QM) Rule. Why is this legislation needed? Why can't the Consumer Financial Protection Bureau (CFPB) handle this issue without legislation? The CFPB discussed this issue in the Federal Register and determined legislative action would be needed in order to correct their interpretation of the statute. Specifically, the CFPB published the following paragraph in the Federal Register: "The Bureau stated in the 2013 Ability-to-Repay Proposed Rule that the exclusion from points and fees was warranted because a payment from either a consumer or creditor to a mortgage broker firm already is counted in points and fees, and that it would not be necessary or appropriate to also include in points and fees any funds that the mortgage broker firm passes on to its individual loan originator employees."-CFPB Final Loan Originator Compensation Rule, page 75, May 29, 2013 NAMB and its lobbyist, Roy DeLoach of DC Strategies, will continue to work towards the passage of this important legislation. Late last year, we launched our legislative advocacy page which can be accessed from the NAMB Web site through our Legislative Action Center. As part of this page, the committee has the ability to create targeted Calls to Action when NAMB is in support of or opposed to legislation that directly affects our members. In addition, we have the ability to share important government affairs-related information, such as important news features focused on housing, small business and mortgage origination as well as state and federal bills that NAMB may support or oppose. Also, the Government Affairs Committee created a legislative blog page, NAMBGA.org, where we can share articles and information that may be of interest to our members and those in the mortgage industry. This site also links directly to the NAMB Facebook and Twitter pages and has proven to be an important social media tool for the GA Committee, as well as for the association. The Committee has also focused on providing resources to the individual loan originator through its Webinar Series which began in mid-2015 with an Integrated Disclosure Rule Webinar partnering NAMB with the National Association of Realtors (NAR). Since that time, we have presented Webinars on topics such as revisions to the FHA Handbook, Social Media Compliance, Marketing Services Agreements (MSAs), Loan Originator Compensation, and much more. To date, our Webinars have been attended by thousands of mortgage professionals. Finally, we presented a very successful Legislative & Regulatory Conference in Washington, D.C. in April. This sold-out event featured presentations from Terry Clemans, executive director of the National Consumer Reporting Association (NCRA) on trended credit data, Freddie Mac, the CFPB, NAR, the American Land Title Association (ALTA) and Rep. Bill Posey (R-FL). The culmination of our conference 21 n National Mortgage Professional Magazine n SEPTEMBER 2016 Linda McCoy, CRMS of Mortgage Team 1 Inc. in Mobile, Ala. is a member of the NAMB board of directors. She may be reached by phone at (251) 6500805 or e-mail Linda@MortgageTeam1.com. By Valerie J. Saunders, CRMS, Government Affairs Chair NationalMortgageProfessional.com NAMB has chosen a city approximately 1,950 miles from Las Vegas for our 2017 NAMB East conference. This city has the world's busiest airport, Hartsfield Jackson International Airport, to make it easy to fly into from anywhere in the U.S. Atlanta was made famous for Margaret Mitchell's "Gone With The Wind" and General Sherman's Burning of the city on his way to the sea during the Civil War. Atlanta is the birthplace and home of Martin Luther King and one of the most important cities in the American civil rights movement. It is the home of the Braves, Falcons, and the Hawks. People come from everywhere to visit the world's largest aquarium, and the city played host to the 1996 Summer Olympics. This city is rich in history, just waiting for you to explore. NAMB East will be held at the Omni Atlanta Hotel at the CNN Center. This Hotel is located directly across from the Fountain of Olympic Rings and Centennial Olympic Park in the Luckie Marietta District. In walking distance, you can visit the World of Coca Cola, the Georgia Aquarium, the National Center for Civil and Human Rights, the College Football Hall of Fame, the Sky View Atlanta Ferris Wheel, and the area is home to Atlanta's "Restaurant Row," where diners will find many trendy options for dining. We chose this city so attendees would be able to bring their families while attending our conference. The Hawks will be playing during the time we are there in the Philips Arena, which is located directly behind the CNN Center. Mark your calendars now for Thursday-Saturday March 16-18, 2017. I am honored to serve as chair of the 2017 NAMB East Conference Committee. You know I am passionate about making this one a great success. Sign up early for your booths if you are a vendor, make your plans to attend if you are a broker, originator, lender or in any way, connected to the mortgage industry. This event will be a great trip for the whole family. We are planning our agenda now. NAMB has the best networking mortgage association in the entire industry. If you have any ideas you would like to share, please contact me by e-mail at Linda@MortgageTeam1.com. I am asking NAMB's members to support your association and come and be a part of NAMB East 2017 in Atlanta. NAMB's Government Affairs Committee ... The Year in Review http://www.NAMBGA.org http://www.NationalMortgageProfessional.com http://www.NAMBGA.org

Table of Contents for the Digital Edition of NMP - September 2016

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