IMA Prime Times: April 2018 Iowa Mortgage Association


April 2018

IN THIS ISSUE

President's Message

Association Updates
Industry News

PRESIDENT'S MESSAGE

New and Exciting Changes Coming to IMA
It is starting to feel like spring! The snow events are coming less often and the grass is starting to turn green. I am happy to see the warm weather again. Thank you to all who attended the Iowa Mortgage Association (IMA) Spring Conference; you helped make it the largest spring conference yet with 255 attendees! 

The IMA Board of Directors took part in a strategic planning event on Feb. 8, 2018. We have identified initiatives to work toward in the coming years that will bring some new and exciting changes. If you should have any questions or feedback, please reach out to one of the board members.

Do you follow Iowa Mortgage Association on Facebook? You should! There are some great member spotlights featured there. If you would like to have a member spotlight on our Facebook page, email us a current photo and answers to the following questions. 

  • How did you get involved in the mortgage industry?
  • What is the biggest challenge or opportunity you have seen in the mortgage industry?
  • What advice would you give people just entering the industry?
  • Do you have a quick tip for saving time, generating leads, tracking information, etc. that you would like to share?
  • When you are not at work, what do you like to do most?
  • What is a quote or a guiding principle you live by?
We’ll put everything together in an IMA Member Spotlight profile, send it back to you for final approval, and then feature it on the IMA Facebook page.

Have a wonderful April!

Marcy Wagner
TitleCore National


ASSOCIATION UPDATES

IMA Spring Conference Sees Record Attendance
With over 250 in attendance at the March 27 event in Cedar Rapids, this was the largest Iowa Mortgage Association Spring Conference on record. 

Awards
The IMA recognized more than 125 Iowa mortgage professionals during the conference with the annual President's Club and Winner's Circle Production Awards. The awards were presented to loan originators for their outstanding production in 2017. Click here to see a complete list of winners.

Educational Sessions
The conference started with Shawna Suckow sharing strategies for understanding consumers and driving sales. She gave relevant tips about how to update your LinkedIn profile, use videos, and make social media posts that would create a connection with current and future clients. Ronette Schlatter, senior compliance coordinator with the Iowa Bankers Association (IBA), discussed compliance issues impacting mortgage loan officers. Nancy Pratt from Pavaso shared how eClosings will impact the mortgage industry. Closing the event, Erick Rheam, shared an inspirational and motivational message about encouragement. 

Also, congratulations to our Facebook contest winners. Torri Trapp from Community Savings Bank in Marion was the winner of the Member Spotlight contest and Amy Woodruff from Bank Midwest in Spirit Lake was the winner of the tag IMA contest.

The conference was also made possible by the following participating vendors and sponsors.

Participating Vendors
Participating Sponsors

INDUSTRY NEWS

NFIP Extended Through July 31

The National Flood Insurance Program (NFIP) has been temporarily extended for the third time in as many months; this time until July 31, 2018. The continued funding was included in a provision of the budget bill passed by the House and Senate on March 22, on the eve before the budget was set to expire. The budget bill will fund the government through the end of the fiscal year, Sept. 30, 2018. By decoupling the NFIP from short-term government spending bills, lawmakers hope to advance a multi-year reauthorization bill.

HUD SCRA Notice Updated
HUD has updated the SCRA notice to reflect the extension of the period of protection for members of uniformed services related to mortgages, mortgage foreclosure and eviction. The protections within this law apply to service members during periods of active duty and for a period of one year thereafter. 

The law originally provided a protection period of 90 days after the end of active duty but was extended to one year under previous Congressional orders. The most recent extension was set to expire Dec. 31, 2017, however the National Defense Authorization Act (signed into law on Dec. 12, 2017) provides a two-year temporary extension of the extended one-year period of protections. While the Act extended the protection period, HUD was delayed in updating its form to reflect the new expiration date of March 31, 2021.


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