Late Breaking News:
SB57 and Your Business
SB 57 passed the Senate last year and because 2010 is the second year of a 2-year session, the Bill starts the year where it left off last year, in the House Judiciary Committee. The Judiciary Civil Subcommittee has had two hearings from all interested parties, at which 2010 GAMB President J.D. Crowe testified at...
Continue Reading & Updates to SB57
Important Mortgage License Information
REMINDER: Be sure you take your NATIONAL & GA tests this month in February. Remember, If you do not pass the first time, you must wait 30 days to retake. Applications must be completed by March 31, 2010, for a Mortgage Loan Officer to be authorized to conditionally originate loans.
The Georgia Residential Mortgage Act was amended on July 1, 2009 to provide for loan originator licensing, as required by the Federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E.). S.A.F.E. requires that all loan originators be either licensed or registered through the Nationwide Mortgage Licensing System (NMLS) by March 31, 2010.
Get all the information you need to be in compliance here »
Discount SAFE ACT courses for GAMB members here »
Association News
GAMB Membership is Worth More Than Ever!
Whether your interest lies in fraternizing with others who share your profession, having greater access to industry information, building your business network, being recognized for your achievements, or fighting for a cause to further the interests of your industry and strengthening the voice of the mortgage professional, you will be a welcome member of the Georgia Association of Mortgage Brokers. GAMB is now under new management and we have reduced our annual membership fees.
$99 Associate Special thru March 31st Associate $199
There has never been a better time to join GAMB!
3-Day SAFE ACT Training
Certification requirement deadlines are fast approaching. We've partnered with the companies below to offer you some savings on upcoming classes. Don't delay.
GAMB members can receive a discounted rate for the - 3 Day SAFE ACT Training. All classes are being held at the Capstone Institute of Mortgage Finance.
Simply, sign up through the GAMB website to take advantage of the full discount.
Use the Calendar on the right to Register and Save!
GAMB members - $285 early, $305 late
Non-members - $305 early, $325 late
Review the Course & the Capstone Institute of Mortgage »
Members who register for the Feb 15,16,17th training
dates will be able to take Capstone’s Institute on-line
training for the NMLS Georgia TEST with manual and
testing for only $45.00, regularly $75.00
Save Another $30.00
The GAMB has partnered with TrainingPro to offer your SAFE/NMLS Training. Members receive discounts this national requirement.
Loan originators in Georgia must be licensed by March 31, 2010. Getting licensed includes completing twenty hours of NMLS-approved education and passing the SAFE MLO Test by the deadline.
TrainingPro is and NMLS approved provider, and has the Georgia 20 Hour course available now! Classes begin every Monday, are NMLS-approved, and include exam prep.
The “Online Instructor-Led” course is flexible and convenient. No need to take time off work and spend 20 hours in a live class. CLICK HERE TO REGISTER
Contact Dan Dutton at 888-553-0500 for questions/details.
CLICK HERE TO REGISTER FOR THE 20 Hour SAFE Online Instructor Led Class
Click to Events Calendar and Registrations
Join Us for the Next Lunch & Learn:
Thursday, March 11
Our next meeting will take place on Thursday, March 11th at the Atlanta REALTORS® Center, with registration and lunch beginning at 11:30 am. At noon, our Lunch & Learn program, The New Good Faith Estimate – What Were They Thinking? will begin, featuring Kathy Lewis with Capstone Institute of Mortgage Finance. This Lunch & Learn costs only $25 for members and $35 for non-members.
Register Now »
About the Program...
Implementation of the new Good Faith Estimate went into effect January 1, 2010. It has created confusion, chaos, and frustration. Hopefully this brief presentation will answer many of your questions and help you where you need help the most!
Sign Up for a 2010 GAMB Committee
We are accepting volunteers on all GAMB Committees. This is a great way to get involved, meet new friends and help your industry. Many opportunities are available. More information »
National News
FHA Announces Policy Changes to Address Risk
On January 20th, the Federal Housing Administration (FHA) announced policy changes that will tighten lender requirements in an attempt to better manage risk. The anticipated changes will increase up-front mortgage insurance premium (MIP) to 2.25%; require a minimum FICO score of 580 to qualify for the 3.5% down payment (below 580 will require a minimum 10% down payment); reduce allowable seller concessions from 6% to 3%; and increase enforcement on FHA lenders. For the complete HUD Announcement, please click here.
Important FHA News
Learn the latest on changes to FHA that affect our industry »
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Mission Statement
The Georgia Association of Mortgage Brokers is a nonprofit organization formed to promote a positive origination and lending environment for mortgage brokers and customers. The association provides education, supports legislative initiatives, encourages high standards of professional ethics and integrity from its members, and promotes these principles throughout the community.
