Colorado Registration FAQ

As you should know, Colorado will require every loan officer to be registered by Jan,1, 2007. CMLA has a great FAQ that you can download concerning the process. In my opinion, the state government does not posses the competence to properly run a program like this. The most current indication of this is CMLA's recommendation to get the process underway by September 1st. Anyway, the time to act is now. This file will help streamline the process.

Download FAQ Here.

Free FICO Seminar

First Franklin and LandAmerica Credit Services invite you to Expand your knowledge and your business-first.

Put the power of FICOs to work for you.
This is a free, educational seminar. Learn how to unlock the value of all credit scores-so you can close more deals, more easily.

Your borrowers can get extra points to improve their
credit scores
What influences a credit score and what doesn't
To change a credit score in as little as 72 hours
And much more

Space is limited. Register today at ff.com.

Thursday, June 1, 2006
8:00 a.m. - 12:00 p.m.
Registration and complimentary continental breakfast begins at 8:00 a.m.
Following the seminar is a reception beginning at 12:00 p.m.

Sheraton
7007 South Clinton Street
Englewood, Colorado 80112

Broker Registration Editorial

The Rocky Mountain News weighs in on Mortgage Broker Registration:

"HB 1161 could wipe the state off that list. It would require brokers to register with the Division of Real Estate every three years and pay a modest administrative fee. There are registration exemptions for licensed lending institutions and homeowners who are financing their own sales. "

Ramirez Skirts Jail Time

From the Rocky Mountain News

"Ramirez was one of six people indicted last year by a Jefferson County grand jury on charges that they defrauded the U.S. Department of Housing and Urban Development on more than $20 million in loans on 117 homes."

Dan Pinto Live in Denver on 03/07/06

Act now only a few more days to register

Free Seminar on Lead Generation in Denver, CO 3/7/06

CMLA February Newsletter

Check out the Habitat for Humanity Article. It's cool to see CMLA get involved in this fashion.
CMLA Newsletter - February 2006

2005 Dues Deduction Notice

If your or your company paid membership dues to the Colorado Mortgage Lenders Association during 2005, then you will want to access a copy of the following notice for tax purposes:Download PDF

CMLA Mortgage Fraud Seminars

Weds. 2/15 Mortgage Fraud: Truth and Consequences
Featuring Dan Bradley, Sr. Supervisory Resident Agent, FBI
Check-in 11:30 AM / Lunch: Noon/ Meeting ends 1:00 PM
DoubleTree Hotel • 1775 E. Cheyenne Mtn. Blvd. • Colo. Springs, CO
$25 per person

Weds. 2/22 WESTERN CHAPTER LUNCHEON
MORTGAGE FRAUD SEMINAR
Featuring Gary Roberson, PMI
Jason Wandel, FBI Agent
Check-in 11:00 AM / Lunch/seminar begins 11:30 AM / Seminar ends 3:00 PM
Home Loan & Investment Corporation
205 N. 4th St. Grand Junction, CO
$30 per person - inlcudes lunch and seminar

Weds. 2/22 DENVER: MORTGAGE FRAUD SEMINAR
Featuring William Brewster, Fannie Mae; Sonya Faivre, Washington Mutual; Jean Anderson, FBI Agent; Kevin Iverson, Reed Mortgage
Check-in 8:00 AM / Seminar begins 8:30 AM/ Seminar ends 12:00 NOON
The Plaza Conference and Events Center • 6400 S. Fiddler's Green Circle
$69 per person CMLA member / $79 per person non-member

Click Here for details

CMLA joins CAMB on Fraud bill

From the Denver Post: "Two rival mortgage-industry trade groups have joined to push a bill that would create and finance a board to prosecute people who commit mortgage fraud."

I don't like it. Not only does it set up a giant bureaucracy, they want consumers to pay for it. Placing a fee on every closing (which will be passed on the consumer one way or another) to fund prosecution of the law breakers makes no sense, isn't that what our tax dollars are for? In the end, I bet the closing fees, registration fees and bonding will do nothing to stop the crooks while adding new layers to an already overfunded state government.

AE Boot camp in Denver March 1st.

"Ron Vaimberg’s ONE DAY ACCOUNT EXECUTIVE BOOT CAMP will teach you exactly how to thrive and prosper in the current market. While many AE’s are waiting for the phone to start ringing again, we will be teaching you how to make your phone ring with broker submissions and scenarios."

Ron Vaimberg International - AE Masters Sales Academy

Mortgage Lender Marketing Seminar

Hillside Software is conducting a free seminar in Denver, Jan 19 and again on Feb 9.
The Mortgage Lender Training Series

Learn the Latest Trends and Systems for Acquiring and Retaining Referral Business in both Resale and Self-Generated Leads. "

CMLA January Newsletter

Highlight Include

Wholesale Lending Fair Hi-Lights
Meet CMLA's Habitat for Humanity family
CML Spotlight: Linda McKinley, Premier Mortgage Group LLC and Sharon Revious, Rocky Mountain Bank & Trust
The RESPA Review: Sharpen your RESPA Knowledge and Avoid Fines, Jail Time
CMLA Education Expands in 2006
Local Habitat selected as National Affiliate
CMLA Newsletter

CMLA Fubruary Luncheon

Featuring Former United States
Senator BILL ARMSTRONG

Mr. Armstrong's vital roles in business as Chairman of three mortgage-related companies, his in-depth involvement in the mutual fund industry, and in the oil and gas industry well qualify him to speak about current challenges in our industry both from a local and national perspective. Join your friends and colleagues for an informative and insightful luncheon event from a true business leader!Details Here

DeepGreen Financial Hires Patricia Cabrera as Wholesale Account Executive

From the Press Release: "DeepGreen Financial, a lender specializing in home equity loans and lines of credit, said today that Patricia Cabrera has joined its wholesale home equity sales force as an account executive. In this newly created role, Cabrera will be responsible for recruiting new brokers to use DeepGreen Financial's services and will manage relationships with existing brokers in Colorado."

Wholesale Lending Fair TODAY!

When you arrive at the 15th Annual CMLA Wholesale Lending Fair today, please consider parking at the Marriott DTC. You might want to visit the 99 exhibitors at the Marriott first, then catch a FREE shuttle bus to the Hyatt DTC to see 105 exhibitors there!

$10 admission with FREE drink and food!
FREE parking and PAY parking and Valet parking options available
Register at either hotel ONCE and have access to both hotels!
FREE shuttle service between the hotels!
Show open from 1:00 PM until 5:30 PM
CMLA Wholesale Lending Fair - it's the place to be TODAY!

CMLA Wholesale Lending Fair

Free Seminar on Lead Generation

MortgageIT Wholesale is presenting a free seminar from Dan Pinto on March 7, 2006.

Generate leads with no telemarketing
Get For-Sale-By Owner sellers sending you buyers
Generate 15-20 qualified leads each month
Find great realtors and have them send you all of their buyers
Use affordable technologies to generate new leads

Click Here for more details.

Appraiser Assisted Mortgage Fraud

I received the following email today from Phil rice of MKG Appraisal here in Colorado. I did not fact check his work but have no reason to doubt him. Clearly, this shows how it only takes a few people to look the other way in performing their small part of the loan process to result in huge losses for the industry as a whole. Thanks for the heads up Phil.

I have been doing a lot of research on the topic(s) of:
housing bubble - mortgage fraud

Because I admire your Website and I think you have something to say, I put a link to your Website on mine. You can find the link at:

http://www.mkgappraisal.com/whos_who.htm

I would encourage you to take a look at a summary I put together about a person who bought 14 houses in 3 months and managed to borrow $700,000 more than it cost to buy the homes – I call it ‘negative down payment’. The summary is here:
http://www.mkgappraisal.com/Tieskotter02.htm
and the details are spelled out in a letter I wrote to a long list of people/government agencies:
http://www.mkgappraisal.com/letter01.htm
If you are willing to add a link to my site I would appreciate it. We all benefit if we work together. Thanks in advance.

PS – I would welcome any feedback

15th Annual CMLA Wholesale Lending Fair

If you only go to one trade fair all year, make it this one. It's so big, it now spans over two hotels. I'll see you there.

Friday, January 6, 2006 from 1:00 p.m. - 5:30 p.m. at the Hyatt Regency Denver Tech Center & Marriott Denver Tech Center

There is no advance registration for the CMLA Wholesale Lending Fair. Admission is $10 at the door.
Click Here for more information.

Colorado Seniors among the hardest hit by credit fraud

The DenverPost has the full story.
"'The reported number of cases of mortgage fraud tripled between 2003 and 2004,' he says, 'and it's still on the rise.'"

CMLA Newsletter

The December edition of the CMLA Newsletter is out.