July 2020

You’re not going to want to miss this!

Join the Florida Association of Mortgage Professionals for FAMP's 2020 Vision for Success at the 2020 State Convention and Trade Show at Hilton Bonnet Creek in Orlando, FL from August 5 - 8, 2020. 
 

For the past 60 years, this annual event has attracted Florida's top mortgage professionals!  Don't miss this opportunity to network with mortgage brokers and lenders from across Florida.

For more info, click here.

Join FAMP for their 2020 Golf Tournament on Wednesday, August 5, 2020 at the Waldorf Astoria Golf Club!
 
Cost for golf including breakfast is $99 for a single golfer or $375 for a foursome! This tournament features an 8:30am shotgun start with breakfast starting at 7:45am. Tournament format is a 4 person scramble.

Amidst the Bonnet Creek nature preserve is GolfMagazine’s prestigious, “Top Courses You Can Play,”  – The Waldorf Astoria Golf Club.
For more, click here.

FAMP Spotlight

FAMP would like to spotlight FAMP chapter members who are contributing to the mortgage industry and their chapter!

Ben Bishop, a former JAX Chapter President, president of his own mortgage company, Bishop Lending Group and president of the Jacksonville Housing Partnership doesn’t have a lot of spare time. As chairman of Programs and Events for the JAX FAMP chapter, Ben has been instrumental in securing TOP Notch Speakers for monthly Membership meetings! His re-engagement with the JAX FAMP chapter board and members has re-energized all who look forward to the next speaker! Congratulations Ben…. For being the FAMP first spotlight member!

You're invited!


FAMP Gold Coast Chapter
invites you to Best Practices in Loan Processing (In conjunction with Genworth) on Tue., July 14th at 2PM EST

Session highlights basic best practices for Loan Processors before submitting a file to underwriting. Common sense tips that are often overlooked before submission. Learn to submit files to underwriting with proper documentation. Review AUS results and properly document the findings of the feedback certificate. 
Click here to pre-register. 
 
Visit Gold Coast FAMP at fampgoldcoast.org, on Facebook, and on LinkedIn. Email to emails@fampgoldcoast.org or call 954-986-0808.

FAMP Chapters Want You!


Seven Florida Association of Mortgage Professional chapters across Florida are currently asking YOU to become an active member in your mortgage industry trade group! Whether you are new to the business or a seasoned professional... whether you are a loan originator, processor or mortgage related service provider… if you have a desire to be part of the independent loan originator business, we’d like to hear from you!

Here are the chapter areas and member contacts. We welcome your interest for 2020-2021!

FAMP Webinar Series!

From Action to Impact: Time Management for Loan Originators
June 25th, 2020 at 2pm 
Too many originators are busy with actions, but not taking impactful steps to achieve their goals. This session focuses on ways to master control and time management strategies for your day. Here's the question - how do you want to feel at the end of the day? If your answer is something that you are not experiencing right now, join us to discover how to achieve it.
Register here.
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Salaried Income Analysis for FAMP Tue, Jun 30, 2020 11:00 AM - 11:45 AM 
Mortgage Professionals participating in this course will learn Agency guidelines for income calculation and documentation. With guidance from an Essentials facilitator, participants will learn to interpret the cadence with which a Borrower’s income is received and also practice calculating the base, monthly, qualifying income in nine separate exercises. The practice exercises include various salaried, military, teacher and non-taxable income scenarios.   Register here.
 
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Variable Income Analysis                        Tue, July 7, 2020  2:00-3:00PM
Details to follow. Reminder here.
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9 Super Cool Apps/Websites Mon.,
July 13, 2020   2:00-3:00PM
More details to follow. Reminder here.
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Steve Richman "That MI Guy" from Genworth MI         
Tue., July 21, 2020   2:00-3:00PM
More details to follow. Reminder here.
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Positive Negativity
2:00-3:00PM Mon., July 27, 2020            

More details to follow. Reminder here.

Industry News!

BY BERNICE ROSS

Fannie Mae and Freddie Mac announce underwriting advisers
J.P. Morgan and Morgan Stanley will guide the GSEs as they end conservatorship

June 15, 2020 | By Kathleen Howley | HousingWire

 
Fannie Mae and Freddie Mac, the world’s largest mortgage financing companies, announced on Monday the firms they will use as financial advisers for a future share offering, another step toward exiting their 12-year government conservatorships.
Fannie Mae, the bigger of the so-called government-sponsored enterprises, said it has chosen Morgan Stanley while Freddie Mac said it will use J.P. Morgan. Together, the two mortgage companies guarantee more than half of the $11 trillion outstanding U.S. home loans.
Announcing the advisers in the middle of the worst health crisis to hit the U.S. in more than a century underscores the Trump administration’s determination to end government control of the mortgage giants before “election risk” gets in the way. That’s the polite term pundits use to highlight the possibility that President Donald Trump may lose the election in November, which would leave Democrats to decide the fates of the two companies.
The newly announced advisers will help take Fannie and Freddie through steps that are necessary to leave federal conservatorship, including reviewing their business plans and strategies for recapitalizing the companies.   More…
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The FAMP Lenders & Affiliates committee is dedicated to supporting loan originators and growing business opportunities mutually, while encouraging active participation and increase overall membership within our industry and industry related partners.
 
Contact Bryan Cronin or Jerry Sanchez to find out how to connect to FAMP chapter events!
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Click on Florida Association of Mortgage Professionals Statewide Calendar of Events to see upcoming events and education classes!
FAMP Newsletter - July 2020