NMP - September 2016 - 27

N A M B P E R S P E C T I V E getting toknow FRED KREGER, CMC 2016-2017 President NAMB-The Association of Mortgage Professionals B Y I As a mortgage professional, what does NAMB mean to you? This industry has enabled me to achieve homeownership and put my kids through school, and What are you primary goals as the next president of the association? I am eager to increase state participation-some state chapters fell to the side over the years, for a variety of reasons-while increasing membership as a whole. I am also looking to increase NAMB convention participation, not just among mortgage originators, but to other folks in our industry, including wholesale lenders and home appraisers. I am also focused on increasing NAMB-coordinated education and training. How would you categorize NAMB's influence on Capitol Hill and with federal regulatory agencies, most notably the CFPB? One great part we have seen over the last five to six years is NAMB being called upon as the de facto association to represent mortgage originators. And the organization is working with Washington, D.C.- we never tried to create enemies by saying, "Bad regulators! Bad Congress!" We used facts and dialogue and have fostered improved relations with legislators and regulators, even at the state level. With Dodd-Frank, NAMB has pointed out different directions that the CFPB may want to be pursue in regard to that law. Consumers need protection and that is number one priority we have-and we just want to make sure it is done the right way. It has been estimated that the average age of a loan officer is 54-years-old. In your opinion, what can the industry do to bring more young people into mortgage careers? There is a new organization that was recently founded called the Young Mortgage Professionals. NAMB wants to be a mentor to that association. Many Millennials join our business because their families are in it. But to attract young people that have no family connection, we have to get in touch with the local colleges that are doing business and real estate classes to let them know that careers in this industry are available. We also need to realize that today's Millennials are operating on a different mind frame. They want to be coached-they do not want to have a boss. We need to teach and train them in the way they want to be taught and trained. But, after all, we look at Millennials the same way the generation before us looked at us. The mortgage industry has faced an unprecedented wave of regulatory changes over the past several years. Do you see more changes coming? That's a good question. I don't see many changes happening. I see more redefining of the unintended consequences of last several years-most notably with the Qualified Mortgage rule and the question of appraisal independence. I believe this will go on for the next 12 to 24 months. I also see similar action at state levels. Many states look at the federal government for their regulatory examples, believing that they were helping consumers, but that also may have created unintended consequences. What role will housing-related issues play in this year's election? It needs to play a big role, and I am disappointed that the candidates have not come out with housing solutions. We're still not out of the woods, and certain portions of the U.S. are still hurting, especially in many cities where there is a limited amount of affordable options. Here in my home state of California, the lack of affordability is getting out of hand, especially for Millennials trying to save money. The candidates need to focus on this issue and state what they would do for housing. Your work with NAMB is on a volunteer basis. What can be done to get more mortgage professionals to volunteer with this association? If you are not volunteering, you need to join and speak out. If the leaders in NAMB can spend 10 to 20 hours a week fighting on behalf of the industry, so can everyone else. If anyone says that they have no time to do this, I say, "Shame on you! You have to give back to industry!" 27 n National Mortgage Professional Magazine n SEPTEMBER 2016 You are going to become the next president of NAMB. What emotions are you experiencing in advance of this momentous occasion? I'm pretty excited. I have been with the association for the last 15 years, at the state level and then with the national association. This has led me up to an incredible opportunity, and I am especially pleased to see the association thriving year after year following the great downturn. I hope to take what outgoing NAMB President Rocke Andrews did this past year and leverage that. He and I agreed what we wanted to achieve, so there will be no hiccup in the transition. NAMB allows me to repay my gratitude to an industry that was so great to me. H A L L NationalMortgageProfessional.com n September, Fred Kreger will be sworn in as the next president of NAMB-The Association of Mortgage Professionals. Kreger, who is vice president of enterprise production for Roselle, Calif.headquartered American Pacific Mortgage, is no stranger to trade association leadership-he served as president of the California Association of Mortgage Professionals (CAMP) from 2012 to 2013. National Mortgage Professional Magazine recently sat down with Kreger ahead of his new role within the NAMB hierarchy. P H I L http://www.NationalMortgageProfessional.com

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