Our members have done it again! 3 of our Lender Members and 12 Preferred Partners have been honored by HousingWire on their Insiders 2018 list. That's over a third of those who made the list coming from the TMC Network! We're thrilled to see our members recognized for the great work they do and the leadership they provide in making the dream of homeownership a reality for Americans nationwide. Congratulations from the entire TMC team to all of our members who made the list!
Kimberly Hartsough, Senior Vice President, National Production Operations Manager, PrimeLending
Jennifer Ward, Senior Vice President, National Closing Manager, PrimeLending
Jami Haddad, Senior Vice President, National Post-Closing & Audit Operations Manager, PrimeLending
Jim Jumpe, Senior Vice President & Chief Marketing Officer, Arch Mortgage Insurance Company
Art Johnson, Director of Securitization, Fannie Mae
Stephen Schwartz, Director of Economics, Fannie Mae
Charlotte Catalfo, Senior Vice President of Enterprise Operations, Freddie Mac
Carl McLaughlin, Vice President of Multifamily Operations, Loan Servicing Freddie Mac
Bernard Nossuli, Chief Operating Officer, iEmergent
Lisa Birmingham, DevOps Manager, LBA Ware
Steven Sinn, Director of Administration, Mortgage Quality Managment and Research
Jill Cadwell, Senior Vice President of Title Services, Radian
David McCormick, Senior Vice President of Enhanced Sales, Radian
Kristi Schleicher, Vice President of Customer Experience, TMS
Beth Ozenghar, President & Chief Operating Officer, Transformational Mortgage Solutions
View the entire list here.
We are absolutely thrilled to share that the our members are being recognized for their greatness once again, this time for their growth. That's no small task in our industry's current climate, so it's all the more impressive that 16 of our members recently made Inc. 5000's list of the the fastest growing companies in America. 13 of our Lender Members and 3 of our Preferred Partners were recognized and we couldn't be more pleased. Congratulations from the entire TMC team our your well deserved success and we can't wait to see what's next as you continue to grow - keep up the great work!
Lender Members (Growth%)
AnnieMac Home Mortgage (85%)
Centennial Lending Group (74%)
Equity Prime Mortgage (88%)
Georgetown Mortgage (92%)
Griffin Funding (727%)
Intercontinental Capital Group (547%)
Level One Bank (107%)
Movement Mortgage (210%)
Nations Lending (233%)
New American Funding (122%)
OneTrust Home Loans (508%)
OVM Financial (120%)
Union Home Mortgage (198%)
Preferred Partners (Growth%)
Pendo Management (153%)
Total Expert (1,475%)
Check out the entire list here.
The ladies of the TMC network have done it again! 17 women from within our ranks were honored on HousingWire's '2018 Women of Influence' list! We're so proud to have such amazing female leaders as part of our network and can't wait to see how your leadership and influence will continue to shape our industry! Kudos our your well deserved success and recognition!
Congratulations from the entire TMC team!
See the entire list of women who made the list here.
Thinking of starting a mortgage joint venture? Already have one in place? Want to ensure your investment remains viable and compliant?
Strategic Compliance Partners has launched its new premier compliance management system, JVerify, to meet the challenges of real estate and mortgage joint ventures at start-up and throughout the life of the venture.
JVerify takes a five-pronged approach to protect joint ventures and keep them competitive and compliant, which includes:
SCP will help you create a secure and compliant mortgage joint venture compliance program so that you can achieve a successful, lucrative and longstanding partnership.
Congratulations to our friends at Cornerstone Home Lending. They've recently received recognition for being a top place to work and have had two members of their executive team acknowledged for their leadership.
National employee survey results conducted on companies throughout the U.S. by Hearst Publications named Cornerstone Home Lending to its exclusive list of TOP WORKPLACES in Houston, San Antonio, Dallas, Denver, Oklahoma City and Austin.
Cornerstone Home Lending's CEO Marc Laird was also honored as the Houston company CEO of the year. Cornerstone's President and COO Judy Belanger says, "What an honor to win these awards based upon our team member ratings. Having a written Mission, Vision and Convictions statement as our guide, continuously seeking valuable input from our team members, and implementing their ideas for company improvement are the keys to Cornerstone's ongoing success -- with the added benefit of Happy Team Members!"
In addition, Cornerstone Home Mortgage's President of National Operations, Julie Piepho, CMB was also just named to HousingWire's 2018 Women of Influence list.
We're thrilled to have such an awesome network of lender members filled with great leaders who continue to move the mortgage industry forward. Kudos to Cornerstone Home Mortgage on your well-deserved accolades from the entire TMC team - keep up the great work!
We're excited to share that 14 TMC leading ladies have been honored on MPA's list of the '2018 Elite Women in Mortgage'. TMC is thrilled to have such amazing female leaders as part of our network. We look forward to seeing your continued success and the impact your leadership is having on our industry. Congratulations on your well deserved accolades from the entire TMC team!
AnnieMac Home Mortgage - Christine Beckwith
Arch Mortgage Insurance Company - Valerie Ausband
Blend - Sarah Elliott
Credit Plus - Danette Conway
Flat Branch Home Loans - Karen Kreutziger
Inlanta Mortgage - Yvette E. Clermont
LBA Ware - Lori Brewer
Mortgage Quality Management & Research - Erin Harris
Movement Mortgage - Kelly Rogers
Movement Mortgage - Kim Winters
New American Funding - Patti Arvielo
PrimeLending, a Plains Capital company - Phyllis McDaniel
Waterstone Mortgage - Gail Hillman
Waterstone Mortgage - Siera Smith
Click here to see the entire list of women who were honored.
COMPLIANCE HOT TOPIC
Is it true there is a new law that permits transitional licensing authority for mortgage loan originators (MLO)?
Yes. On May 24, 2018 (the “Enactment Date”), the President signed a Dodd-Frank roll back regulation, known as the Economic Growth, Regulatory Relief, and Consumer Protection Act, which, among other things, provides MLO transitional licensing authority effective 18 months after the Enactment Date.
Under the new regulation, a federally-registered MLO that has been registered as such for at least one year may obtain temporary authority to act as a MLO for up to 120 days after becoming employed by a state-licensed company and submitting a MLO application in a particular state. In order to qualify the MLO cannot (i) have had an application for a MLO license previously denied, revoked or suspended, (ii) be subject to or served with a cease and desist order in any governmental jurisdiction or under the SAFE Act; or (iii) be convicted of a misdemeanor or felony that would preclude licensure in the application state.
Additionally, under the new regulation, a state-licensed MLO that has been licensed as such for at least 30 days may obtain temporary authority to act as a MLO for up to 120 days in another state if the MLO submitted a MLO application in that other state. Again, to qualify, the MLO must meet the requirements outlined in (i)-(iii) above.
To schedule a time to speak with the team at MQMR, contact: firstname.lastname@example.org or call 818.940.1200.
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Led by its recent acquisition of Georgia based, Valuation Management Group, Dart Appraisal is now able to offer their clients commercial appraisals under their suite of valuation products. The acquisition also allows Dart to expand their footprint in the Southeast US, specifically Florida, Georgia, North Carolina, South Carolina and Alabama. As a full-service appraisal management company, this addition also provides great value to Dart’s existing client base, by having the ability to work directly with one appraisal management company on both their residential and commercial valuation services as opposed to having to contract separate providers.
Dart’s standard commercial service includes:
The commercial review team brings a wealth of knowledge and experience to the table. The team’s combined appraisal experience includes a wide variety of commercial property appraisals performed for lending institutions, attorneys, accountants, individuals, and governmental authorities. The average appraisal experience of the commercial review team is 23+ years. Collectively, the team holds 36 state Certified General Real Property Appraiser licenses.
Last month both houses of Congress passed, and President Trump signed into Law the Economic Growth, Regulatory Relief and Consumer Protection Act, (the Act). This new law has many provisions, as it primarily seeks to “roll back” earlier laws and regulations that have not proven to add value to consumers. AHA isn’t anti-regulation or pro regulation. AHA is for regulation that provides a true benefit to the consumer, taxpayer or most importantly, existing and aspiring homeowners. There are two provisions of particular importance to prospective homeowners in the Bill signed into law by the President. The first removes the additional data reporting requirement for smaller banks (that do fewer than 500 mortgage loans/year) that was a requirement of the Home Mortgage Disclosure Act (HMDA). While some consumer groups fear that not requiring this data will impede fair housing enforcement, proponents expect that these effects will be negligible and that the reduction in this regulatory requirement for about 80% of the banks will have a favorable impact on the cost of home financing for borrowers.
Even more importantly, in Section 310 the Act requires that the regulator of Fannie Mae and Freddie Mac expand the usage of alternative credit scoring models:
“The Federal Housing Finance Agency (FHFA) must, by regulation, establish standards and criteria for processes used by Fannie Mae and Freddie Mac to validate and approve credit-scoring models in accordance with the bill.”
This is a win for prospective homeowners because use of these modern alternative credit scoring models is expected to deliver a credit score to millions of Americans who do not have a credit score today. Additionally, of those new credit score recipients, many would be eligible for home financing in the very near future. AHA will continue to follow the progress on this as the FHFA develops the guidelines and Fannie Mae and Freddie implement them.
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TMC - Chief Operating Officer