Robert Broeksmit

Industry Concerns Shared At MBA Conference In Washington, DC

Posted on by TMN Editor
By KIMBERLEY HAAS Attendees at the Mortgage Bankers Association’s National Advocacy Conference shared concerns about housing affordability, trigger leads, and changes to the loan-level price adjustment matrix. The conference was held last week at the JW Marriott in Washington, DC. MBA members learned about the political and market landscapes on Tuesday before speaking with their elected state representatives on Wednesday. Over 300 members from 39 states participated in those Capitol Hill meetings. Kellie Allen, vice president of production at Synergy One Lending, was at the conference representing Idaho Mortgage Lenders Association. She was looking forward to talking about the challenges members of her association are facing. “Affordable housing is a huge one, of course, and then one of the big…

SECURE Notarization Act Receives Support By Industry Leaders

Posted on by TMN Editor
Industry leaders are rallying around a federal bill that would permit the nationwide use of remote online notarization. The Securing and Enabling Commerce Using Remote and Electronic Notarization Act, H.R. 1509, establishes national standards for remote and electronic notarizations. The legislation requires the creation and retention of video and audio recordings, as well as the use of communication technologies such as video chats during remote notarizations. It passed the House on Feb. 27. Leaders at the Mortgage Bankers Association support remote online notarization on the state and national level. They say the bill’s requirements are consistent with industry standards. “The bill’s minimum standards for RON are consistent with both the MBA-ALTA model state RON bill and the Mortgage Industry Standards…