GVC Mortgage, Inc. Invited to National MBA Chairman Q&A

The Indiana Mortgage Bankers Association (IMBA) in partnership with the Federal Home Loan Bank of Indianapolis hosted a national industry update question and answer session with National Mortgage Bankers Association (MBA) Chairman Bill Cosgrove.

Our Chief Compliance Officer, Rob Green, was one of the few people, less than 25, to be invited to the presentation and Q&A.

“I was recently elected to the Board of Directors for the Greater Indianapolis Mortgage Bankers Association (GIMBA), so all of the board members of the IMBA were invited,” Green said.

Green attended the two hour event this past Tuesday at the Marriot North Indianapolis. Towards the beginning of the event, before Cosgrove took the stage, Alan Thorup, Executive Director of the IMBA, recognized a few key individuals who were making a difference in the local mortgage industry. One of those individuals included Green. Green was also recognized later in the Mortgage Action Alliance (MAA) national newsletter, The Grassroots Newsletter, for his instrumental role in gaining members for the MAA.

After Thorup completed his recognition, he introduced Cosgrove. Cosgrove went on to address a number of industry issues such as the TILA/RESPA Integrated Disclosure Rule, the Home Mortgage Disclosure Act, Government Sponsored Enterprises, and the Department of Housing and Urban Development.

“It was nice to get the perspective from one of the opinion leaders of the National MBA who’s directly involved with key individuals of the mortgage industry,” Green said. “One thing he mentioned was if you’re in the mortgage industry you sometimes seclude yourself within the four corners of your business. When in all actuality, with all the regulations and laws now, it’s almost more important to concern ourselves with what’s outside of our own four walls.

The biggest take-away Green had from the event, and what he wanted others to know is, “The MBA is looking at each bill from both sides and trying to figure out what’s best for our industry, then going and fighting for that side.”