The Mortgage Bankers and Brokers Association of New Hampshire, Inc. (MBBA-NH) is alive and well during a time of historical significance in the mortgage finance industry.  We are a vibrant and active trade association in New Hampshire with 175 company members.   

As the elected MBBA-NH president for the 2007 – 2008 year, I am looking forward to sharing my industry knowledge and vision with others in New Hampshire.  My year, as president, will focus on two initiatives:  educating individuals in the mortgage finance industry and emphasizing the importance of maintaining high ethical standards.  One of the ways I will accomplish this is through the systematic promotion of our Certified Mortgage Professional designation, a symbol of competency, experience, and ethics.

Recently we have been informed by New Hampshire Banking Commissioner Peter Hildreth that he will soon be introducing legislation that will mandate loan originator licensing.  The licensing will not require continuing education and loan originators who work for a community bank will be exempt from the bill.  MBBA-NH supports this legislation, in fact, several years ago we proposed legislation to license loan originators with an educational requirement, but the legislators did not support it because there were not enough consumer complaints filed at that time. 

The coming months will be difficult for our industry, and the need for networking events and education are needed more than ever!  MBBA-NH’s fall program schedule includes:  Monthly Network at Nights; Course 1:  An Introduction to Mortgage Finance; a seminar on fraud, privacy, and ethics; VA seminar; and a seminar on how to originate commercial loans. 

Even though these are not the best of times in the mortgage finance industry, you can rest assured that MBBA-NH is here not only for its members but for the borrowers they serve.  Recently, MBBA-NH sent out a press release that said, “Our members choose to join and support MBBA-NH for its industry education and information, networking, legislative oversight, and code of ethics.  So the next time you need a mortgage, choose one of our members from the directory on our Web site, www.mbba-nh.org."

We will continue to support our members in any way we can in the coming months; please call us for assistance!   

Sincerely,

Gladys White
President