I have been contacting both wholesale lenders as well as brokers in my area to see if anyone has developed a template or sample compensation agreement as required by lenders. Additionally, a sample loan originator agreement is required as well. Does anyone know where either/both of these agreements can be found? It's amazing to me the industry that is requiring the agreements does not make a sample available.
The lack of membership in NAMB is embarrasing for our indstry. We are constantly in reactive mode against not only the Fed, HUD and Congress but also NAR and MBA. Get out the membership folks, get your l/o's to sign up and join NAMB, numbers talk and NAMB's membership is barely a whisper.
Mr. Anderson thank you and NAMB for actually fighting this rule. The rest of the real estate industry has been sitting on the sidelines whereas NAMB has taken the forefront of this devastating rule. Our bank is going to donate $15k to NAMB's cause because quite frankly all of the other associations we belong too have completely dropped the ball. Our best hope of getting this rule lies with NAMB and no one else.
Thank you Mr. Anderson and NAMB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Here is an idea on how to raise money and membership.
In a prior video you said there were 155,000 loan officers and only 5500 members. Do a "trial membership" for $25 and see if you can get 100,000 members overnight. This would put 2.5 million in the coffers and then you can show what NAMB can really do for brokers.
Make the dollar amount whatever you want, but make it ridiculously affordable. Then send an email to every loan officer out there. and then brokers will b heard.
Pride Abstract and Settlement Services LLC in Pennsylvania and New Jersey has donated to the fund and even though a moderetly small company we are also matching 100% of all donations made by its employees to the NAMB for this legal fund.
All that the volunteers do is mostly thankless - I know from personal experience. It is easy to criticize. You have spent countless hours on this and that I don't even have to question. Thanks for the donation of your time and efforts. I personally think you have to walk the walk first - then you get to comment,. This is a time when we all need to sing the same song on question the lyrics.
Southwest Funding, LP is matching 100% of all donations made by its employees to the NAMB for this legal fund. So far we have donated over $6000 to this effort! Would like to see other companies get on board.
The idea about $25 per to raise some quick cash is great. Maybe give it a 'fight the Feds' charter membership starter label.
Win, Lose, or Draw at least you're in the fight!! Thank You.
jewjaw2009 1 year ago
You are a rock star Sir.
Regulatorsrunwild 1 year ago
Thanks Phil...I would like to contact you about this...I think I can help
TheEttingoff 1 year ago
I have been contacting both wholesale lenders as well as brokers in my area to see if anyone has developed a template or sample compensation agreement as required by lenders. Additionally, a sample loan originator agreement is required as well. Does anyone know where either/both of these agreements can be found? It's amazing to me the industry that is requiring the agreements does not make a sample available.
primecapital 1 year ago
The lack of membership in NAMB is embarrasing for our indstry. We are constantly in reactive mode against not only the Fed, HUD and Congress but also NAR and MBA. Get out the membership folks, get your l/o's to sign up and join NAMB, numbers talk and NAMB's membership is barely a whisper.
dcslb 1 year ago
Mr. Anderson thank you and NAMB for actually fighting this rule. The rest of the real estate industry has been sitting on the sidelines whereas NAMB has taken the forefront of this devastating rule. Our bank is going to donate $15k to NAMB's cause because quite frankly all of the other associations we belong too have completely dropped the ball. Our best hope of getting this rule lies with NAMB and no one else.
Thank you Mr. Anderson and NAMB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Regulatorsrunwild 1 year ago
@Regulatorsrunwild Thank you so much. We are giving it all we have
essentialminute 1 year ago
Here is an idea on how to raise money and membership.
In a prior video you said there were 155,000 loan officers and only 5500 members. Do a "trial membership" for $25 and see if you can get 100,000 members overnight. This would put 2.5 million in the coffers and then you can show what NAMB can really do for brokers.
Make the dollar amount whatever you want, but make it ridiculously affordable. Then send an email to every loan officer out there. and then brokers will b heard.
davidprulhiere 1 year ago
This has been flagged as spam show
Pride Abstract and Settlement Services LLC in Pennsylvania and New Jersey has donated to the fund and even though a moderetly small company we are also matching 100% of all donations made by its employees to the NAMB for this legal fund.
Helping protect our business .
MrWaltcomm 1 year ago
In my opinion you shouldn't just delete the negative comments. Address them and answer the questions - even if they are posted rudely.
To get a larger membership, it is important for the loan officers to feel like they can trust NAMB and know where the money is going.
davidprulhiere 1 year ago
All that the volunteers do is mostly thankless - I know from personal experience. It is easy to criticize. You have spent countless hours on this and that I don't even have to question. Thanks for the donation of your time and efforts. I personally think you have to walk the walk first - then you get to comment,. This is a time when we all need to sing the same song on question the lyrics.
PrimeStreet 1 year ago
Comment removed
fredglickmg 1 year ago
Keep up the good work. I am in Texas but am a Westbanker! Who Dat!
dwebber1 1 year ago
Thanks for the fight Mike! You guys rock!
wcordeau 1 year ago
Thank you all for your efforts!
MegaMoose777 1 year ago
Keep it up!!!!
gdot311 1 year ago
For more Mortgage Managers resources subscribe to; SteveHakesMortgageVision
shakes114 1 year ago
Great work being done at NAMB on behalf of small business in our country.
shakes114 1 year ago
Southwest Funding, LP is matching 100% of all donations made by its employees to the NAMB for this legal fund. So far we have donated over $6000 to this effort! Would like to see other companies get on board.
SWFunding 1 year ago
Keep up the fight!
donyount 1 year ago