The MMBA held its annual meeting on Thursday, May 9, at the Columbia Doubletree Convention Center. Between 200-300 mortgage professionals attended, along with 30 exhibitors and sponsors. The group held 3 panel discussions with distinguished representatives from regulatory agencies - DLLR, CFPB, the state Senate - as well as GNMA, with other high level executives from the lending, real estate and homebuilding industries. The theme of the event was that, if you were in that room, you were a survivor. And it's true - we are all survivors at the center of one of the most complete economic upheavals in recent history.
Looking forward, among the the challenges the industry faces is the wall of regulatory compliance, but on a more subtle level, populating the industry with younger professionals arose as a top priority for the industry. In this vein, I saw that this presented an opportunity for the training industry to step up and help rebuild the business.
Also, the addition of Ability to Repay as a Federal regulation allows the compliance training industry to finally address practical business matters in the scope of PE/CE.
I was so impressed with the professionalism and value of the event, which was organized by Kevin Michno and Dennis Sullivan. It inspired me to plan events in conjunction with the association to bring more people into the organization. Training is a great way of doing that.