Building a Strong
 Foundation

TABLE OF CONTENTS

*  New Hampshire Banking Department Reduces the Types of Mortgage Licenses from Five to Two

* MBBA-NH's Tag Line:  Building a Strong Foundation

* MBBA-NH Logo Available for Member Use!

* Tentative Agenda for the February 2006 Annual Joint Mortgage Conference

* Important Deadlines to Remember:  College Scholarship, Loan Originator Awards Program, and CMP Designation

* MBBA-NH's Preferred Corporate Partners Exchange Ideas

* When You're Right, You're Right:  So Write!

* Program Schedule
 

New Hampshire Banking Department Reduces
the Types of Mortgage Licenses from Five to Two

New Hampshire Senate Bill 223, which became effective on September 12, 2005, brought about several efficiencies in the licensing process in New Hampshire.  Where there were five (5) separate type of licenses for mortgage business, now there will only be two (2). 

The five that have been combined were first mortgage banker, first mortgage broker, first mortgage banker/broker, second mortgage broker, and second mortgage home loan lender.  From September 12, 2005 on, the Banking Department will issue only two (2) types of mortgage licenses:  a mortgage banker license and a mortgage broker license. 

A person licensed as a mortgage banker may conduct first and second mortgage business in New Hampshire in the capacity of a mortgage lender or a mortgage broker.  A person licensed as a mortgage broker may conduct first and second mortgage business in New Hampshire in the capacity of a mortgage broker only.

This is an excerpt from an article written by Mary L. Jurta, Director of Consumer Credit, New Hampshire Banking Department.  The article appeared in the Banking Department's Newsletter, Summer 2005.  Please visit the Department's Web site, www.nh.gov/banking, to download a copy of that newsletter.

MBBA-NH’s Tag Line:  Building a Strong Foundation 

After much time and thought (actually years!), the Public Relations Committee is pleased to announce the MBBA-NH’s brand new tag line:  Building a Strong Foundation.  At the October 2005 board meeting, the board unanimously voted to make it official. 

We are in the process of listing our tag line on all our materials, for example – letterhead, flyers, Web site, etc.

Many thanks to the Public Relations Committee who worked tirelessly over the past year or two by not giving up until the perfect tag line came forth!  The members include Andrew Cadorette, New Hampshire Housing (Chairperson); Melissa Hanke, Home Trust Title; Julie Clark, Horizon Settlement Services; Nichola Krasnakevich, First Franklin; Joe Saylor, GB Home Equity; Pam Ordway, Merrimack County Savings Bank; Mike Sherlock, Sherlock Appraisal Services; Carol Jordan, First Horizon Home Loans; and Barbara Cunningham, St. Mary’s Bank.

MBBA-NH Logo Available for Membership Use!

Do you have a business card, an advertisement, a Web site, or a nice spot in the office were you would like to display your affiliation with the leading mortgage trade organization in New Hampshire?  Do you want to show the world that your company supports and encourages sound and ethical business practices in mortgage financing?

Well now you can!  That’s right, the MBBA-NH is now making its logo available to current members to place on their Web site or on printed material.  Membership in the MBBA-NH shows your commitment to the highest industry standards and exhibits professional competency, experience, and ethics in mortgage lending.  Since 1984 the MBBA-NH has been leading the mortgage industry in mortgage lending education, legislative issues, and networking opportunities.

Two versions of the MBBA-NH logo will be made available to the membership.  One, with the new Mortgage Bankers and Brokers Association of New Hampshire tagline, Building a Strong Foundation, and one without the new tagline.

MBBA-NH Policy and Use Agreement

The MBBA-NH logo is provided exclusively to its current members for use on their business card, letterhead, advertisements, etc.  Misuse or misrepresentation is prohibited and may result in membership termination.

______________________________________               _________________________________________

              Member Company                                                               Member Signature

Tentative Agenda for the February
2006 Annual Joint Mortgage Conference

Please mark your calendar for the 2006 Annual Joint Mortgage Conference at the Center of New Hampshire, Radisson Hotel in Manchester, New Hampshire, from Wednesday, February 8, through Thursday, February 9, 2006!  For the first time, we’re offering three-tiered pricing:  one for the Wednesday evening exhibitor reception, one for the Thursday all-day workshops, and one for the full conference.   

Everyone is excited about the new, central location that will accommodate more than twice as many exhibitors than last year’s Portsmouth location.  As a result of this change, a record-breaking number of exhibitors have signed up so far, compared to this time last year.   

On Wednesday, the exhibitor cocktail reception is from 3 to 7 P.M. with lots of appetizers and carving stations.  An enjoyable and fun atmosphere will be created in the exhibit hall by dimming the lights and providing hip background music from a live jazz band; all while you’re meeting and greeting the exhibitors, your friends, and colleagues.   

We are pleased to offer something new on Thursday.  There will be three tracks:   1.  Mortgage Bankers/Bankers, 2.  Loan Officers, and 3.  Mortgage Brokers.  Each track will have two, one hour workshops devoted to their interests.  In addition to the tracks on Thursday, everyone is invited to attend the general sessions, which include:  Mortgage Bankers Association Chief Economist Doug Duncan’s Washington Economic Update, FBI Agent Gary S. Cacace’s Strategies for Preventing, Detecting, and Resolving Mortgage Fraud, and Increasing Production through Referrals.

Many thanks to the Annual Joint Mortgage Conference Planning Committee:  Cindy Baron of Sugar River Savings Bank, Ben Niles of Freddie Mac, Andrew Cadorette of New Hampshire Housing, Bonnie Leclerc of Franklin Savings Bank, Tricia Eveleth of Popular Financial Services, Aaron Ritter of White Peak Mortgage, Kurt Strandson of Beacon Mortgage, Brad French of Commonwealth Financial Network, David Eaton of Eaton Partners, and John Lindgren of CTS Financial. 

Be on the look out for the conference registration form, which will be mailed to you at the beginning of December.  Exhibitor and sponsorship information is available online right now.  Please click on www.mbba-nh.org/news/calendar.htm.

Important Dates to Remember . . . 

College Scholarship Application Deadline is Monday, March 28, 2006.  For more information on MBBA-NH’s college scholarship please click on www.mbba-nh.org/membership/collegescholarshipprogram.htm. 

Loan Originators Award Program Application Deadline is Friday, April 3, 2006.  The Loan Originators Award Program is based on volume and participation in 2005 MBBA-NH events.  However, please note that we are accepting 5 points if you attend the 2006 Annual Joint Mortgage Conference.  For more information please click on www.mbba-nh.org/membership/loap.htm. 

Certified Mortgage Professional (CMP) Designation Deadline is May 2006.  A CMP is a designation bestowed upon a career-minded individual in the mortgage finance industry who has met the requirements of the CMP program.  For more information on the CMP designation, please click on www.mbba-nh.org/membership/cmp.htm.

MBBA-NH’s Preferred Corporate Partners Exchange Ideas

The 2005 – 2006 Preferred Corporate Partners (PCP’s) gathered together at the Puritan Conference Center for breakfast on November 16, 2005. The PCP’s are a select group of member companies that support the MBBA-NH through annual sponsorships.  The sponsorships have two levels:  Gold and Silver.  Each level offers numerous benefits, including directory and newsletter advertisements, complimentary admission to social events, Web site exposure, etc.   

MBBA-NH meets twice annually with the PCP’s to exchange ideas for a mutually beneficial relationship.  We would like to thank our PCP’s for their generous support throughout the year. 

The following is a list of our PCP’s:
 

GOLD LEVEL

SILVER LEVEL

When You're Right, You're Right: So Write!

MBBA-NH actively seeks articles related to the mortgage industry to be published online and in the newsletter. 

A brief bio at the end of your article will give you widespread exposure to the New England mortgage industry, name recognition, and make your business more renowned. 

Articles to be considered must be educational, timely, and well-written.  Below is a sample list of article topics:

Credit Scoring                                         Housing Bubble                               Reverse Mortgages
Choosing a Lender                                   Lead Generation                             Sales Strategies
Enhancing Productivity                             Lending Tech                                  Second Mortgage Market
Ethics                                                     Legislation                                     Tips for Brokers
Events that may Affect the Industry           Marketing Tips                                Web site Design/Origination
Fraud                                                     Net Branches
Home Equity Lines                                  Networking
Home Improvement Loans                        New Hampshire Housing Bubble 

 Contact Meg at info@mbba-nh.org, if you're interested in submitting an article for publication in the newsletter. 

Your article may also be considered for publication by local newspapers and national magazines!
 

Programs Schedule 


December 13, 2005 - Holiday Get-Together at the Manchester Country Club from 5 P.M. to 9 P.M.  For more information and to register, please click on www.mbba-nh.org/news/calendar.htm.

February 8 and 9, 2006 - Annual Mortgage Conference at the Center of New Hampshire/Radisson Hotel, Manchester, New Hampshire.  New location and format:  Marketplace from 3 to 7 P.M. on Wednesday, February 8, 2006, and full day of educational sessions on Thursday, February 9, 2006.  Three prices, instead of one, will be offered:  One price to attend full conference, an affordable price to attend the marketplace only, and another price to attend the educational sessions on Thursday.  This new format will attract mortgage bankers, mortgage brokers, and bankers.  For information on exhibitor/sponsorship opportunities, please click on www.mbba-nh.org/news/calendar.htm.  Full conference registration forms will be mailed at the beginning of December.