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OAMP Changing of the Guard
A New Year with New Challenges.
Membership Growth is the key!
As June comes to an end and we enter the full rush of the Summer season, it hardly seems that a year has already passed for your current OAMP administration. But passed it has. New leadership, headed by Central Oregon’s energetic, bright and well-respected Lana Strom, will now take the lead and guide the Oregon Association of Mortgage Professionals through another year. It will be a year of new challenges and new rewards.
During the past year, our association has moved quickly and aggressively to maintain its role as the leading professional organization of residential loan origination in our state, while constantly taking action designed to keep our financial status in the black: an absolute necessity if we are to represent our profession for years to come. Budget items were revised, cut, and revised again. Expenses not deemed critical to carrying out our crucial functions of legislation, education and communication were first trimmed, then pared to the bone, or eliminated altogether. And, plans were and are being made to find new ways to fund our future growth, because GROW WE MUST! Click here for continued article
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Entry Level Education of the S.A.F.E. Act in Oregon Clairified
A recent letter from David Tatman, Administrator of the State Division of Finance and Corporate Securities to Tom Hendrickson, OAMP President, clarifies how the division will implement the twenty hours of entry-level education of the S.A.F.E Act. Click here to view letter
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NAMB Call to Action
On April 28, 2009 the House Financial Services Committee held a mark-up session on H.R. 1728 to decide which provisions will be included in the bill.
It's urgent that we all contact our House Representatives---Reps Wu, Walden, Blumenauer, DeFazio and Schrader and ask them to support the Childers/Miller amendment to the bill, which puts a 12 month moratorium on the implementation of the HVCC.
Also, please stress the importance of Title I, Section 103 that was carefully drafted and negotiated as part of HR 1728. This Section does its part to ban incentivized compensation from all distribution channels while still protecting mortgage borkers' ability to earn a living. It offers true consumer protection.
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Oregon Revised Statute 59.840 to 59.996
Important Notice: On May 1, 2008, a new law, ORS 59.860(3), went into effect that requires that each licensee file an annual report related to the licensee's residential mortgage lending business for the prior year. Click here for more information.
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