Author Archives: NAMB

NAMB Releases Housing Outlook: Congress Needs to Make Key Changes

WASHINGTON, D.C. /ScoopCloud/ -- NAMB, an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, has announced its housing outlook and its plans to advocate for change.

"The housing economy represents 20 percent of the national economy, but it's on the verge of stalling out even though the overall economy is moving forward at a decent rate," said NAMB president John G. Stevens. "Congress needs to shed bipartisan politics and focus on solving the numerous issues facing the housing market. NAMB plans to advocate for those changes for the remainder of this year and into 2018."

Stevens identified several key issues that are working together to create a difficult housing landscape:
* Excessive student debt is precluding new homebuyers from entering the market
* Lack of inventory in many local markets is driving prices out of reach for new homeowners
* Over regulation in the mortgage space is driving up the cost of originating loans
* Artificially low rates will increase in the future and lead to further market contraction
* Uncertainty on the future of mortgage deductions is putting people in a holding pattern.

"I believe there's a solution to many of the issues that are impeding the housing industry," said Stevens. "Let's take student loans. The average thirty-something has nearly $35,000 in student loan debt. We need to create a standard mortgage product that allows borrowers to roll their student loans into their mortgage principals at the lowest rate possible."

Certain tax policies, Stevens contends, are keeping older homeowners in their homes even when downsizing would otherwise make more sense, further contributing to inventory shortages and market stagnation. Over regulation, he adds, is driving up the costs of transacting mortgages, which ultimately get passed on to the borrower.

"NAMB is going to advocate very seriously and urge republicans and democrats to join forces in removing the impediments to family formations and housing in general that can be discharged without undue risk," Stevens said. "We-and they-need to act now, since any changes will take time to have a meaningful impact."

ABOUT NAMB:
Since 1973, NAMB has been the voice of independent mortgage professionals nationwide. NAMB offers professional education and certification programs for its members and advocates for common sense legislation and regulation aimed at helping consumers and improving business conditions for small businesses, independent mortgage companies and licensed mortgage loan originators. John G. Stevens is the current president of NAMB.

For more information, visit namb.org or follow @NAMBpros.

NAMB, an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, has announced its housing outlook and its plans to advocate for change.

Related link: http://namb.org/

NAMB Appoints John Stevens as New President

WASHINGTON, D.C. /ScoopCloud/ -- NAMB, an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, today announced that former president elect John Stevens has been appointed to the role of president.

Stevens has been in the mortgage industry since 2009 and has held board positions with NAMB since 2012. He has also been involved in the Utah County Planning Commission, and is actively involved in numerous state and local community efforts.

As president, Stevens is spearheading NAMB's overall strategies to grow the organization's reach by expanding its membership and enhancing the opportunities it makes available to members, homeowners and the mortgage industry's community of individual loan originators and small to midsize businesses.

"The majority of mortgages in the U.S. are originated by small to midsize businesses, yet most of the industry isn't aware of how much collective power we have when we come together as a group," said Stevens. "My main priorities this year are to raise awareness of NAMB and NAMB's efforts, to grow our membership, and to leverage our power to make even more positive changes for the brokers, bankers and businesses we represent, as well as for all American homeowners, loan originators and small to midsize mortgage companies."

Stevens' mission this year is to "educate, advocate and empower." As part of this mission, he has developed strategies to expand NAMB's education programs and advocacy efforts, further strengthen its relationships with state "-AMB" associations, and expand awareness of the diversity of its target member base, which includes mortgage brokers, bankers and businesses.

"I'm proud and honored to be named president of this organization and I'm excited about the changes we can make in the coming 12 months," said Stevens. "Our goal is to make it even easier for our members to have a voice, be represented, and deliver the quality of services that protect homeowners and new homebuyers."

NAMB was established in 1973 and is the largest mortgage-related individual member-based organization in the U.S. All board members at NAMB are volunteers in one year appointments.

About NAMB - The Association of Mortgage Professionals:

Since 1973, NAMB has been the voice of independent mortgage professionals nationwide. NAMB offers professional education and certification programs for its members and advocates for common sense legislation and regulation aimed at helping consumers and improving business conditions for small businesses, independent mortgage companies and licensed mortgage loan originators. John G. Stevens is the current president of NAMB.

For more information, visit http://namb.org/ or follow @NAMBpros.

NAMB, an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, today announced that former president elect John Stevens has been appointed to the role of president.

Related link: http://namb.org/

NAMB Appoints Valerie Saunders as Its New Executive Director

WASHINGTON, D.C. /ScoopCloud/ -- NAMB, the organization that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, today announced that it has appointed Valerie Saunders as the organization's new executive director.

In her role as executive director, Saunders is responsible for directing the day-to-day operations that support the organization's goals to increase its footprint among its target member base of mortgage brokers, mortgage bankers and mortgage businesses. Her role will involve collaborating with NAMB's board to develop strategies, and developing and implementing processes that bring those strategies to fruition.

Saunders previously served as vice president of NAMB and has been with the organization, both as a member and as a board member, for over 15 years. In addition to her role as NAMB's executive director, Saunders is vice president of Florida-based mortgage brokerage RE Financial Services, Inc.

"NAMB has experienced a great resurgence over the past several years, and our goal is to build upon that momentum and continue to grow our member base," said Saunders. "A lot of originators and mortgage businesses don't realize how much NAMB membership can protect their interests and increase opportunities for them. We have aggressive goals for educating our target members and growing the number of people who benefit from NAMB's offerings."

"Valerie has a proven track record of creating programs that benefit members and homeowners, as well as NAMB," said Fred Kreger, president of NAMB. "We're looking forward to further leveraging her knowledge, creativity and vision in growing our member base and NAMB's influence in the coming year."

NAMB is the largest mortgage-related individual member-based organization in the U.S. and was established in 1973. In addition to educational opportunities and business resources, NAMB actively lobbies and advocates for originators and homeowners on both state and national levels. NAMB's membership includes brokers, bankers and businesses that include individual originators and small to midsize organizations.

ABOUT NAMB:
NAMB has been representing the interests of small mortgage businesses, mortgage loan originators and their clients since 1973. The organization represents loan originators in all 50 states and the District of Columbia, and supports its members through initiatives and opportunities that help increase productivity and lower business costs, such as education, training and advocacy. NAMB offers rigorous certification programs that support the highest levels of professional knowledge and education. Its lobbying and advocacy efforts focus on national and state issues.

For more information, visit http://namb.org/ or follow @NAMBpros.

NAMB, the organization that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, today announced that it has appointed Valerie Saunders as the organization's new executive director.

Related link: http://namb.org/

NAMB Rebrands to Better Reflect the Professional Diversity of Its Member Base

WASHINGTON, D.C. /ScoopCloud/ -- NAMB, an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, today announced a rebranding that includes a new logo and marketing campaign. NAMB's new brand identity emphasizes the diversity of its member base, which includes individual loan originators and small and midsize mortgage origination businesses of all kinds-brokers, bankers and correspondent lenders.

NAMB's new logo depicts incorporates a graphic of a house divided into five segments, which represent the five regions of the country that align with NAMB's bylaws and member representation. Its marketing campaign reinforces NAMB's emphasis on each member's individuality and freedom to define its own business and focus.

"A lot of people don't realize that NAMB is not limited to brokers," said Fred Kreger, president of NAMB. "NAMB is an association for all state licensed and registered mortgage loan originators-as well as the small to midsize businesses that originate mortgages. This rebranding reflects the diversity of our member base."

NAMB was established in 1973 as the National Association of Mortgage Brokers, and later changed its name to NAMB - the National Association of Mortgage Professionals before this rebrand shortened the organization's name to simply NAMB.

NAMB is the largest mortgage-related individual member-based organization in the U.S.

ABOUT NAMB - The Association of Mortgage Professionals:
NAMB has been representing the interests of small mortgage businesses, mortgage loan originators and their clients since 1973. The organization represents loan originators in all 50 states and the District of Columbia, and supports its members through initiatives and opportunities that help increase productivity and lower business costs, such as education, training and advocacy. NAMB offers rigorous certification programs that support the highest levels of professional knowledge and education. Its lobbying and advocacy efforts focus on national and state issues.

For more information, visit http://namb.org/ or follow @NAMBpros.

NAMB (formerly National Association of Mortgage Brokers), an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, today announced a rebranding that includes a new logo and marketing campaign. NAMB's new brand identity emphasizes the diversity of its member base, which includes individual loan originators and small and midsize mortgage origination businesses of all kinds-brokers, bankers and correspondent lenders.

Related link: http://namb.org/