New England Mortgage Bankers Conference held September 16-18

Newport, RI Regional and national mortgage industry professionals returned recently from the 28^th annual conference of the New England Mortgage Bankers Conference on September 16-18 in Newport, where they received valuable regulatory and legislative updates, met with GSE’s (Fannie Mae, Freddie Mac and FHLB Boston) and learned about the newest affordable housing initiatives available to the residential mortgage industry.

Michael Sinclair, chair of the Mass. Mortgage Bankers Association and vice president of Hingham Institution for Savings, said, “Attendees of NEMBC were provided with essential information and tools to finalize their readiness for the Know Before You Owe/TRID Implementation as well as being able to have a dialogue directly with the CFPB’s assistant director. This year’s conference was exceptional!”

Keynote conference speakers included William Cosgrove, CEO and owner, Union Home Mortgage Corp. and chairman of the Mortgage Bankers Association; Patricia McClung, assistant director for mortgage markets at the Consumer Financial Protection Bureau; Jennifer Whip, vice president of customer management, Fannie Mae; Chris Boyle, senior vice president single family sales and relationship management, Freddie Mac; Daniel Gardner, vice president of affordable housing, Freddie Mac; Paul Pouliot, first vice president of the FHLB Boston; Laurinda Clemente, northeast region director, MERS and Michael McDonagh, general counsel and director of government affairs, Massachusetts Association of Realtors. Conference attendees were able to choose from twelve educational workshops as well as several networking opportunities.

Highlights from NEMBC 2015 included GSE trainings by Fannie Mae, Freddie Mac and FHLB Boston, MERS System Update, Third Party Vendor Management, Enhancing Portfolio Management, TRID Implementation and sales and marketing programs. The NEMBC Opening Session examined the mortgage lending landscape from a variety of perspectives, starting with a view from Washington, D.C. and legislative initiatives, credit risk and opportunities for affordable lending initiatives and how these forces and reaching out to more borrowers. The NEMBC Closing Session with the CFPB looked at improving the lending process from the viewpoint of consumer protection with an interactive dialogue between the CFPB and conference attendees.

The New England Mortgage Bankers Conference is the second largest regional mortgage conference in the country and is recognized as the premier mortgage banking conference for resources and industry updates.NEMBC 2016 will be held on September 14-16, 2016 in Newport, RI. For more information, visit www.massmba.com.