would like to accomplish in the first year. Not in
any particular order, but we would like to establish
monthly calls and webinars along with an annual
conference and several workshops to start helping
Mortgage Compliance Professionals better execute
their responsibilities and better enable our peer-to-peer information exchange. We believe this
will help Mortgage Compliance Professionals
increase their knowledge, improve their skills, and
keep them up on current trends. Another goal we
have is to support and work with the Mortgage
Bankers Association, and we are presently having
discussions with them on that piece.
Who are the Mortgage Compliance
Ben: Our Association consists of a diverse
membership of regulatory compliance
professionals, including, in-house legal counsels;
risk management, quality assurance, and loan
servicing compliance professionals who work for the
nation’s state and federally chartered banks, credit
unions, and independent mortgage banking firms;
and other mortgage industry professionals who
support the efforts of the Mortgage Compliance
Professionals Association of America.
Who can become a member of the Association?
Ben: We offer three types of membership:
• General Membership: Mortgage Compliance
Professionals who work for the nation’s state and
federally chartered banks and credit unions and
the nation’s mortgage banking firms.
• Associate Membership: Vendors and service
providers to the mortgage industry of all types,
including law firms.
• Other Membership: Students and non-profit
Does it cost anything to join?
Ben: For the General Membership, Mortgage
Compliance Professionals who work for the nation’s
state and federally chartered banks and credit
unions and the nation’s mortgage banking firms,
membership is FREE.
For Associate Membership, mortgage industry
vendors of all types, including law firms, annual
dues are $2,000.
For Other Membership, students and non-profit
organizations, membership is FREE.
Burton, you are the President of the
Association, and you are highly-experienced in
the dynamics of regulatory compliance in the
mortgage industry. What is your vision of the
role the Association will play for compliance
Burton: Great question! We are looking to assist
Mortgage Compliance Professionals in analyzing
and implementing information they are receiving.
The Mortgage Bankers Association does a great
job of providing information to its members,
specifically legal and compliance information, but
after that there are very few resources for Mortgage
Compliance Professionals to turn to to get advice
from or share best practices. We want to work with
Mortgage Compliance Professionals from small to
mid-sized mortgage lenders, and small banks and
credit unions to assist them with implementing new
regulations or other regulatory challenges.
Will the Association have meetings or
workshops? What other functions are in the
Burton: Yes. We plan to have conference calls,
webinars, workshops and an annual conference. We
will also be using Mortgage Compliance Magazine
to communicate information to our members.
How will the Association work with the
Mortgage Bankers Association (MBA)?
Burton: I am glad you asked that! In short, very
closely. We intend to do some joint meetings and
workshops with the MBA, and we plan to work
closely with them on regulatory issues. One thing
that I feel I need to make very clear is that the
MCPAOA is not a competing organization with the
MBA. The MBA will continue to be the voice for
the mortgage industry and the MCPAOA will not
be up on the hill discussing issues with members of
Congress. The MBA does that much better than we