Message from FAMP President Gino MoroThe COVID-19 pandemic has affected the Mortgage Industry in ways that we would have considered impossible only a few months ago. As our Nation is affected by sickness, job loss and income reduction we are also coping with stay at home orders combined with necessary social distancing and the effects it has on our daily operations. Qualifying thresholds for consumer residential mortgages have become increasingly more challenging and have been evolving daily. In addition, the growing number of forbearance requests continue to place extreme strain on the Mortgage Servicing Industry. The way we do business has changed quickly and significantly.
FAMP continues to take actions that support you, our members, and our industry. During this period of uncertainty, we feel it is more important that ever to share knowledge and stay informed. As such, FAMP has numerous tools to help you do just that. Our website, ourfamp.org, has a COVID-19 update page and we also have been sending out a COVID-19 newsletter. Look out for weekly webinars and interviews with key members of our industry and take advantage of free tools offered by some of our sponsors like the Business Continuity Plan for this COVID-19 pandemic.
FAMP is concerned for the health and well-being of our members, staff, and our community, and we urge everyone to take precautions to protect themselves. We also want our FAMP Members to be invested and stay informed so you may make educated decisions as it relates to your business and so we can all continue to do what is best for the consumer. If you are not already a FAMP member, support your industry and join today.
On behalf of your FAMP Family,