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Breakfast with the Senator, Mike Crapo

February 21, 9:00 - 10:00 am
The Grove Hotel
Riverside Room
245 S Capitol Blvd , Boise, ID

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Education

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IAMP Seminar on L.O. Compensation Available – Click Here

IAMP, under our new mission to provide up-to-date legislative and rulemaking information that affects your ability to do business, provided the following seminar on LO Compensation. This seminar contains important information whether you are a broker or LO. We apologize for the beginning of the recording in which introductions were left off. The instructor is Scott Stingley, a former NAMB (National Association of Mortgage Brokers) Regulatory Affairs Committee member. Most recently, Scott attended the MBA (Mortgage Bankers Association) conference break out session on residential loan origination compensation. Scott shares the current interpretations by numerous industry trade groups, lending institutions, and legal opinions.

The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111-203, H.R. 4173) is a federal statute in the United States that was signed into law by President Obama on July 21, 2010. The Act is a product of the financial regulatory reform agenda of the Democratically-controlled 111th United States Congress and the Obama administration. Specifically, Title XIV - Mortgage Reform and Anti-Predatory Lending Act, defines how a “residential loan originator” may be compensated under this wide sweeping financial services reform initiative.

IAMP Compensation Presentation Posting

 

Reminder: Please hand in Continuing Education Completion Certificates to the Department of Finance within 30 days after receiving certificate.
Fax: 208-332-8096.

Are you NAMB certified? If you are serious about your career in the mortgage industry, NAMB certification will help you achieve your goals. There is no substitute for being recognized by the industry's leaders. Whether you are new to the industry or a veteran, NAMB offers a certification that's right for you. NAMB offers three certifications, each requiring a different level of work experience, the accumulation of qualifying points and the passing of a computer-based, multiple choice exam.

I am...
NAMB Certification
Experience Required
Points Required

GMA Handbook

New Loan Originator
General Mortgage Associate (GMA)
Entry level- none
0 points

I am...
NAMB Certification
Experience Required
Points Required

CRMS Handbook

Experienced Loan Originator
Certified Residential Mortgage Specialist (CRMS)
2 years minimum
50 points

I am...
NAMB Certification
Experience Required
Points Required

CMC Handbook

Very Experienced Loan Originator
Certified Mortgage Consultant (CMC)
5 years minimum
100 points

Lending Integrity Designees                 CRMS Designees

Other Education Opportunities

Praedo Institute

praedo.com

ProSchools

www.proschools.com

IAMP Partners with Training Pro to Provide Online Education

IAMP has partnered with Training Pro to provide online education to its members. IAMP welcomes Training Pro to its list of online providers in Idaho. Please see there educational offerings on their website.

How Mortgage Brokers Fit into the Home Buying Process

During the home buying process, mortgage brokers are a common channel to use when obtaining a home loan. Professional members of the Idaho Association of Mortgage Brokers (IAMP) have played a major role in helping consumers fulfill the American dream of homeownership. More...


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IAMP - PO Box 7981, Boise, ID 83707 - 208.321.9309 - Fax: 208.321.4819 -

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