NMP - February 2018 - 24

N A M B

P E R S P E C T I V E

Why Do
I Need
NAMB?
NAMB.org ... JOIN TODAY!
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l
l
l
l
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NAMB Testifies Before Congress
NAMB Works With the CFPB
NAMB Participates in Multiple Regulatory/CFPB Panels
NAMB Webinars
Full-Time NAMB Lobbyist on Capitol Hill
NAMB Protects Your Business
NAMB Forms Industry Coalitions
NAMB Education

24

FEBRUARY 2018 n National Mortgage Professional Magazine n

NationalMortgageProfessional.com

For detailed information, visit NAMB.org.

Are You an NAMB
Lending Integrity Seal of
Approval Holder?

NAMB Certification
Committee Update
By Linda McCoy, CMRS

United we stand, divided we fall ... together, we can achieve
anything.
These are phrases that inspire me when I think about a group of
like-minded individuals joining together to get something done.
Have you made the decision to jump on the NAMB Wagon and go
to Washington, D.C. to walk the halls of Congress where our
forefathers walked hundreds of years ago?
They are the same halls filled with the many memories of
dedicated Americans who had their own issues to be resolved.
The dream of the passage of a bill that you spent years trying to
get through the system would have given them a sense of great
satisfaction.
If you are a member of NAMB, you should know that we have
been fighting for you every year in D.C. since we became an
organization in 1973. We all come from many different walks of
life, but have a common goal of helping people achieve "The
American Dream of Homeownership."
If you have never had the experience of meeting your
congressmen at their offices in D.C. and talking one-on-one about
the issues facing us in our day to day lives, then you need to make
this the year that you will make a difference.
The best place to start is to go to NAMB.org and check out
what NAMB is all about. NAMB has Committee Calls every month.
You may be interested in learning more about what NAMB does
for its members. Why not find out when the next meeting is and
call the Chair of that Committee and attend the meeting. Get
involved. We need your help to stand with us as a united team.
Join NAMB for the Members Only 2018 Legislative & Regulatory
Conference in Washington, D.C., Saturday-Tuesday, May 5-8 at
the Mayflower Hotel. Sign up today!
Linda McCoy, CMRS of Mobile, Ala.-based Mortgage
Team 1 Inc. is a member of the NAMB Board of
Directors, as well as NAMB Certification Committee
Chair. She may be reached by e-mail at
Linda.McCoy@NAMB.org.

(No additional costs to NAMB members)

How to Apply for your National Lending Integrity Seal
LendingIntegrity.org
Click on EARN the Seal
NAMB members ONLY-Log in to the Lending Integrity site with your
NAMB User ID and Password (If you do not know your User ID and
Password, type in your e-mail and click log-in and the system will send
you a password. If you have any issues, please call (202) 434-8250 or
e-mail Membership@NAMB.org).
Lending Integrity Requirements
The Lending Integrity Seal of Approval is awarded only to mortgage
originators who meet specific requirements. To earn the privilege to
display the Seal, mortgage brokers and loan officers must:
l Be an NAMB member
l Meet the requirements of the SAFE Act
l Pass a national criminal background check
l Attend eight hours (or equivalent) of professional development
education each year
l Attend two hours (or equivalent) of ethics training every other year
or each license renewal cycle
l Provide professional references
l Subscribe to NAMB's Best Business Practices
l Agree to NAMB's Code of Ethics
l Must be renewed annually

Business Partnerships
By Rocke Andrews, CMC, CRMS

With all the discussion recently about wholesale partners, I am
reminded of several occurrences in my early days in the mortgage
industry.
In the early 1990s, I was originating loans for one of the first
mortgage brokers in Tucson, Ariz., Ray Desmond. Ray made a
name for himself packaging hard to approve loan files and
shopping them to various institutions around town. Many of these
loans were large amounts. After seeing his value in bringing them
new customers and business, they would agree to waive the one
percent to 1.5 percent origination fee that most institutions
charged back then. Ray was able to provide financing to his
borrowers at no additional fee over going there direct. These
institutions eventually treated Ray as a partner, but there was
never any agreement that the customers were Ray's or that Ray
would bring them back to that institution when they had another
borrowing need. The customers trusted Ray to find them what was
needed and he saved them a lot of time and trouble.
One of these institutions was Northern Trust, which did
portfolio-type lending if you had a customer that fit their desired
profile. I had a borrower seeking a high LTV in a loan, which at


http://www.NAMB.org http://www.NAMB.org http://www.NAMB.org http://www.NationalMortgageProfessional.com http://www.LendingIntegrity.org

Table of Contents for the Digital Edition of NMP - February 2018

Contents
NMP - February 2018 - Cover1
NMP - February 2018 - Cover2
NMP - February 2018 - 1
NMP - February 2018 - Contents
NMP - February 2018 - 3
NMP - February 2018 - 4
NMP - February 2018 - 5
NMP - February 2018 - 6
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