September 13-15, 2014 at the Luxor Hotel Casino in Las Vegas, NV. Click here to register now!
Monday, September 8
We are in the final stretch for NAMB National and it starts this week. With all of the waiting and all of the anticipation, I am really looking forward to a great conference. Please, when you get to NAMB National, try to make it to all of the speaker sessions and the exhibit booths. I think that you will be very satisfied with this show.
We have found a problem with the NAMB+ Web site (www.NAMBPlus.com) for the log-in information. So, we are changing to the following procedure: Your User Name will now be your NAMB Membership Number (123567) [you can sign on to NAMB.org to obtain your member number if you don’t have it available] , and your Password is the first initial of your first name capitalized followed by your last name with the first initial of your last name capitalized (example: DFrommeyer) like it is on your account. This should correct the problem.
I would like to thank Valerie and Dave from the Florida Association of Mortgage Professionals (FAMP) for a great time this past week. They had 104 booths, yes 104 exhibits, and they had a fantastic conference. FAMP has done an excellent job of growing their membership and their conference. If you are a state and looking for some pointers, send Valerie Saunders an e-mail (firstname.lastname@example.org) and she might share some of her secrets.
We had meeting with the Consumer Financial Protection Bureau (CFPB) on Wednesday in Washington, D.C. We continue to request that the CFPB to remove the lenders compensation from the three percent rule like they did for the bankers and the banks. They are actually asking for more information from us. A lot of what they are saying is that they are not looking at those entities the same as they are looking at the brokers, because they cannot control the after sale pricing and cannot assess the money earned because it is after the sale. Our Government Affairs Committee will be sending out a questionnaire for information, and all I can do is ask you to please complete it and send it to us with good data. Remember, the CFPB is a data-driven organization. Look for it soon.
And don’t forget, the CFPB will be at NAMB National on Monday afternoon. Please make sure that you come to get the most up to date information from them. I don’t think you will be disappointed.
As I write my final Monday Morning Messenger as NAMB president, I am reminded that we have really evolved over the past three years. We have made this a stronger association, and it is because of you, the member. I hope in the last three years, we have helped you and represented you in the most professional manner we can. And this is sure to continue. The new NAMB Board coming in is a great group of people who will carry the torch for you in every way, shape and form. As I move to the seat on the Board as Immediate Past President, I am still your greatest supporter and believer.
On Friday, there was a press release issued and I hope you all saw it. It announced that the NAMB Board of Directors has elected me to the position of NAMB CEO. This basically means that I will still represent NAMB at certain conferences, in Government Affairs meetings and will be the outward face of the association. It is an honor to do this, and I will still write my column, the Monday Morning Messenger. I may move it to every other week, but that will happen probably next month.
I thank you from the bottom of my heart for the past three years. It has truly been an honor and pleasure to serve you. In Vegas, please do not be a stranger. I would like to thank each and every one of you personally. I love you all.
And one final note … I was talking with someone in Florida and he pointed out to me that I keep saying that we have “more than 5,300” members. As I was politely corrected, NAMB has 5,300 dues-paying members, but it represents all 113,000 originators in America. How true. We do represent both paying and non-paying members!
Until next week!!!
Donald J. Frommeyer, CRMS, President
NAMB—The Association of Mortgage Professionals
NAMB Names Don Frommeyer to New CEO Position
Longtime president to assume newly-created role within the association
SEPTEMBER 5, 2014—The Board of Directors of NAMB—The Association of Mortgage Professionals has elected current NAMB President Donald J. Frommeyer, CRMS, as chief executive officer of NAMB, effective at the end of his current term as president.
In creating this new position, the NAMB Board felt that the association had reached a time in which they need an individual constantly representing the membership and a consistent face of the association.
“The time is right to promote the association nationwide,” said NAMB Board Member Olga Kucerak, CRMS. “We selected Don because of his tireless efforts and dedication to protect consumers’ choice and his efforts in fighting the good fight.”
Frommeyer’s responsibility will be primarily geared toward the association’s external/public relations and he will also assist the new president with special projects and other tasks. Frommeyer’s main focus will be building the public NAMB brand and image of the association. He will continue to represent NAMB in National Industry Panels. He will also hold the position of immediate past president on the new Board of Directors.
"NAMB is currently in a position of great prominence and is growing," said Frommeyer. "The association is regularly called upon by regulators such as the Consumer Financial Protection Bureau (CFPB) for face-to-face meetings, and we are well known by our elected officials both on Capitol Hill and locally. As CEO of the association, I plan to keep the NAMB brand at the forefront of mortgage professionalism, and will seek new ways in which to have our members as the first choice for the homebuying needs of the American consumer."
NAMB’s new president will be John Councilman, CMC, CRMS of AMC Mortgage Corporation in Fort Myers, Fla., who will be sworn in on Sept. 14 during the NAMB National convention in Las Vegas.
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Save the Date!
NAMB National 2014 will be from September 12-15, 2014 at the Luxor Hotel Casino in Las Vegas, NV. More details to come.