In this Issue

Presidents Message
 
 

October 2015 Edition


State News & Events

Best in Business Awards

You’ll get more than you Give

By: Nicholas J DelTorto
President, Inlanta Mortgage


2016 Real Estate and Finance Conference
 
 
Presidents Message
Our First Annual Best In Business Dinner was an outstanding success. Our post-event surveys will be very helpful as we begin work on next year's event. The WMBA membership can be proud to know that we have many talented individuals delivering financial services to customers across the state. What a great evening we had celebrating the accomplishments of so many colleagues. Thanks again to event chair Marcia Howe and the entire committee. Congratulations to all nominees and the winners in each category.
 
We received many kind remarks from people who attended the Best In Business Dinner. Please take a minute to read the communication we received from Mortgage Banker Of The Year, Nick DelTorto. His remarks best summarized the feelings we all had after the program was completed.
 
As always, our Chapters are busy planning Fall and Winter events. Holiday Parties will be here before we can blink an eye........watch your WMBA E-mails for updates.
 
Looking ahead to 2016, I want to make sure that we all mark our calendars for the WMBA Spring Conference. This year's event will be held on April 14 and 15 at the Hyatt Regency in Downtown Milwaukee. Watch for more details coming soon.
 
We wish you all a Happy and Successful Fall Season.........and smooth TRID Closings ( I had to mention it once )  smiley

 Best in Business Awards

Congratulations to the Best in Business Award Winners!


Click Here to see the full list of
BIB Award Recipients

You’ll get more than you Give

By: Nicholas J DelTorto
President, Inlanta Mortgage
 

This month I was honored to receive the Mortgage Banker of the Year Award at the Wisconsin Mortgage Bankers Association, Best in Business dinner.  I want to recognize all of the nominees. It is particularly meaningful as it comes from our peers and colleagues in the mortgage industry. I know you share my pride in this recognition. As president John Inzeo mentioned, I have also been nominated to the RESBOG (Board of Governors) for the National MBA. I am honored to serve our State and National trade Association and for the first time, to represent Wisconsin.

This “first” awards dinner last night was a huge success and sold out weeks in advance.  My congratulations to the planning committee, the Board of Directors, and particularly Marcia Howe, and John Inzeo, for bringing this outstanding event to our association.  I noticed many new faces and many in our industry that rarely receive the recognition they deserve.

Which brings me to the point of this writing. I confess that in the first 2/3rds of my 33-year career I did not actively participate in my industry associations for a variety of reasons. Whether it was to focus on my “paid” position of growing my business, or the recruiting that took place, or the sense that someone else will do that “heavy lifting”, whatever the perceptions were, it kept me from becoming involved. There were so many new faces at the event last night, I wish I had shared these sentiments, but the night was getting long and I sensed folks were ready to get home.

Over the past 10 years I became more actively involved in the association. Since becoming more involved it has been enormously rewarding to me both personally and professionally.  The two other nominees in the category of mortgage banker of the year, Scott Fletcher of Fairway Mortgage, and Mike Kellman of North Shore Bank are my respected friends and colleagues. The relationships I have developed with these professionals and numerous other active members, John Inzeo, Marcia Howe, Dave Rouse and many of the chapter and board participants has been enormously valuable to me as colleagues and valued friendships.  When I have questions about my business, process or procedures as we deal with the changes we have faced in our industry, the open sharing and collaboration has helped guide me in making better decisions and often given me a different perspective.
 
In the past it seemed as though everyone “played their cards” closer to the vest.  This seems to have changed significantly. The open discussion, sharing of best practices and brainstorming the challenges that we have faced since the financial crisis has been invaluable to me.  I believe I have grown and learned professionally, I make better-informed decisions about my business and my life has been enriched through my engagement with other like-minded professionals.

I would urge many of the new faces I saw at the awards ceremony to get involved and get active and I’m sure you will share my sentiments that it has helped you professionally, personally and friendships you make will last a lifetime.

When we work together and collaborate, we make our industry stronger; we better serve our customers and community, and our personal success increases.

I do sincerely believe you will get more than you give

 
Click Here for full photo gallery
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2016 Real Estate and Finance Conference

Chapter News & Events

Madison

 

2015 Madison Chapter Education:  Rising Interest Rates and the Economy

November 18, 2015
Bonfyre - Executive Dining Room
2601 W Beltline Hwy
Madison, WI
**Event Full**  No onsite registration will be available

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Milwaukee

 

2015 Milwaukee Chapter Holiday Party

December 8, 2015
Bluemound Country Club
10122 W North Ave.
Wauwatosa, WI


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Northeast

 

No Shiny Objects:  Timeless Mortgage Marketing Strategies

November 11, 2015
Tundra Lodge
865 Lombardi Avenue
Green Bay, WI



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MBA Update

MBA Launches New Consumer Tools

The Mortgage Bankers Association (MBA) launched new consumer tools on MBA.org designed to assist consumers during the home buying process. These tools will help consumers navigate the financing of a home so every potential borrower feels prepared from beginning to end.

“The home buying process continues to change, and MBA remains committed to helping consumers understand the various elements that go into purchasing a home,” said David Stevens, President and CEO. “MBA realizes how overwhelming it can be, so we have created five fact sheets to help consumers navigate the home buying process.”
The home buying tools section is made up of five elements, each with its own document: 
  1. Prepare for the Process – Educating and readying consumers for the challenges in the home buying and financing process
  2. Evaluate Your Credit – Providing information and insights on consumer credit ratings.
  3. Shop for a Mortgage – Understanding the costs in a mortgage, including information on the new Know Before You Owe mortgage rules and forms that went into effect on October 3, 2015. 
  4. Get the Facts on Closing – Helping consumers understand the closing process, and the types of paperwork and documents they may see at the closing table. 
  5. Plan for the Unexpected – Helping consumers budget for their new home, and prepare for surprises and unknowns.
 All of these resources can be viewed and downloaded here.

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Preparing for State License Renewal



The NMLS 2016 Streamlined Renewal Process begins November 1st and ends December 31st. Consult the Renewal Handbook, located on the NMLS Resource Center, for assistance. Companies may be prevented from renewing if all license requirements are not met. For a list of state regulator renewal deadlines, requirements, renewal fees, and more, see the Annual Renewal Page on the NMLS Resource Center.

Renewal Workshops
NMLS is providing a series of web-based workshops to train companies on how to efficiently manage the renewal process. For more information and workshop dates, see NMLS Workshops. Live and recorded workshops are also available through the Learning Management System.

Failure to update your record prior to the November 1st start of the NMLS Streamlined Renewal Process may delay approval of the company license renewal.

Reminder: Users that have not logged in to NMLS this quarter must review their user profile the next time they log in. The user profile contains the user’s name, phone number, and e-mail address.

**You are encouraged to submit for renewal early. Some agencies have specific renewal deadlines sooner or different than those listed above. Consult the Renewal Page for the NMLS Resource Center for details. Licensing renewal processing times vary by state agency. Any approval or license requirements are at the discretion of each agency.**

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Chapter News & Events

2015 Madison Chapter Education:  Rising Interest Rates and the Economy

2015 Milwaukee Chapter Holiday Party

2015 Northeast Education:  No Shiny Objects:  Timeless Mortgage Marketing Strategies

 

MBA Update

MBA Launches New Consumer Tools

Preparing for State License Renewal

 

WMBA Online Store