Coalition Says D.C. Advocacy Event Was A “Tremendous Success”
The Broker Action Coalition, a nonprofit lobbying group for independent mortgage lenders, says it conducted its first event in April, Advocacy in Action.
This fly-in event, which took place on Capitol Hill, brought more than one hundred independent brokers and other wholesale professionals together to meet with legislators.
The event was hosted by BAC CEO Katie Sweeney, who left her position as CEO of the Association of Independent Mortgage Experts in January to helm the organization, and Chief Advocacy Officer Brendan McKay.
Mortgage professionals interacted directly with more than fifty congressional offices, according to BAC leaders.
“Advocacy In Action was a tremendous success. It served as a place for mortgage brokers to unite, learn, and share their knowledge, passion, and skills, all with the shared mission of amplifying their voices as a unified broker community,” Sweeney said.
The two-day event included summit-style meetings with BAC’s Black Homeownership, Veteran Homeownership, Hispanic Homeownership, Federal Government Affairs, State Government Affairs Committees, and BAC’s state and regional captains.
It also included a training day for brokers and industry partners to learn about current issues in the housing market from members of Congress, department directors, and the heads of major organizations like NAHREP.
BAC says its Legislative meetings have led to 88 congressional legislators co-sponsoring either H.R. 7297 or S. 3502, two bills introduced in 2023 that aim to revise the use of Trigger Leads to protect consumer privacy.
“The BAC is committed to advocating for the betterment of the mortgage broker and the American consumer, which are wholly aligned,” said McKay.
“Whether you’re involved with the BAC currently, or you are waiting to see our work, our initiatives are creating a better future for everyone who wants to buy a home or make a living in the mortgage industry.”
The event was made possible by BAC’s sponsors, leaders said, which include EPM Wholesale, PENNYMAC TPO, Windsor Mortgage, The Loan Store, and more.
At the federal level, BAC is focused on trigger lead reform and the TPO surcharge required by the Federal Housing Finance Agency, which AIME has long opposed.
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