In this Issue

June 2016†Edition


Presidents Message

State News & Events

Legislative Update - George Klaetsch

2016 Election Update

Governor Walker Narrows Supreme Court Justice Candidate Field to Replace Retiring Justice Prosser

2016-2017 Board of Directors Installed June 16

2016 WMBA Annual Golf Outing

2016 2nd Annual Best in Business Awards



Presidents Message

Happy Mid-Summer to you!† Thanks for taking time from your busy week to read this WMBA News Brief.

I would like to focus this message on three links I would like you to check out and sign up for.† First off, we have recently reopened our Wisconsin Mortgage Bankers Association LinkedIn site. Please click on the hyperlink and click the ďAsk to JoinĒ button in the upper right hand section of the webpage.† Please add the WMBA to your LinkedIn profile to increase our associationís visibility and check back frequently as we will be adding content for our members to this page.

Next, I would like you to visit the page for the Mortgage Bankers Associationís Mortgage Action Alliance.† Inserting ourselves into the political process to make our voice heard on important mortgage related issues is vital to the success of our industry.† This site will alert you to pending legislation and give you the opportunity to simply and easily contact your legislators in an effort to help them understand the issue from a mortgage lending viewpoint.

Lastly, please visit the Wisconsin Mortgage Bankers Associationís webpage. We have added an industry news feed from the mortgage news daily to make easier for you to stay on top of breaking mortgage news.† Of course, this is where you can find and sign up for all upcoming events both statewide and for each chapter and WMBA news.† Past versions of the news brief are archived on our website too.

Increased membership is an important facet of our organization.† The larger we are, the louder our voice will be heard.† To that end, the State Board of Directors unanimously endorsed a revenue sharing plan with our Chapters for all FULL new members (unlimited, regular or associate) brought in to the Association.† One half of the first year of new member dues will be allocated back to the Chapter bringing in that new member. In addition, a $50 bonus will be paid to the individual WMBA member who recruited that new member.

Please participate in all the above links and continue to give me or anyone on the Board of Directors any feedback you have to improve our association or topics for future educational opportunities.

Legislative Update - George Klaetsch

How Can I Help the WMBA Fulfill Its Mission?

As mentioned in previous WMBA Legislative Updates, we have entered the 2016 campaign season.† And regardless if you are an Independent, Republican or Democrat, you all know the importance of participating in the democratic process.†

Being an educated voter is very important to all those participating in the democratic process, but so is engaging your state senators and representatives within your employer/institutionís service territory. †As members of the WMBA, you are the ambassadors of the industry and as constituents you have much closer relationship with your state elected officials.†

Given that relationship, the question I want to ask you this month is:† How can I (as a WMBA member) help the WMBA fulfill its mission AND continue to participate in the democratic process?

While the leadership of the association has been working very hard to deliver value to the general membership, they have also directed me (your lobbyist in Madison) to ensure that membership goals and general business interests are not threatened by the heavy hand of government.† This means keeping Department of Financial Institution regulations reasonable, making sure more of your business income stays with your business and not frivolously given to the government through tax withholdings and expensive fees, providing you with fair and reasonable MLO renewal requirements and fees and ensuring common sense mortgage foreclosure laws are instituted.† These are just a few important pieces to making your business more efficient, profitable and long-lasting.

With that being said, WMBA staff and WMBA Board of Directors can only do so much, and we need capable and committed members like you to participate in a program called the WMBA Political Action Committee (PAC).

For those dedicated WMBA members who have contributed to the WMBA PAC Pledge Campaign earlier this year; THANK YOU!† For those WMBA members who have not contributed to the WMBA PAC, please keep reading and consider contributing today.† †

As previously stated, WMBA staff has embarked on a campaign to provide its members with a better understanding of what this WMBA PAC thing is.† To continue this effort, I wanted to provide answers to FAQs in hopes that WMBA members will participate by contributing to the WMBA PAC today!

Q: What is the WMBA PAC?
A: The WMBA PAC stands for WMBA Political Action Committee. A PAC is a legal means by which interested individuals with common goals, like a trade association, band together for the purposes of political action.

Q: How does the WMBA PAC do?
A: As a Mortgage Lending professional, WMBA PAC is your PAC. It is the Mortgage Lending industries vehicle for political success. WMBA Member Representative volunteers raise voluntary contributions from other members across the state. These funds are then pooled together and contributed on a nonpartisan basis to candidates for public office who support Mortgage Lending interests.

Q: Why Should the WMBA PAC interest you?†
A: WMBA PAC is a very important business partner to Mortgage Lenders because it means legislative success. Up to 2,000 bills are introduced each session in the state legislature. WMBA PAC helps elect the people who write laws you and your business must live with. Through extensive research and ongoing monitoring, WMBA PAC keeps you informed, involved, and influential in the legislative decisions that are important to you and your business

Q: Does the WMBA PAC buy votes?
A: NO! but it does give us access. Candidates and public officials are honorable people whose votes are not for sale. But, by helping elect public policy decision-makers, WMBA PAC assure Mortgage Lenders the opportunity to present our views and be heard. WMBA PAC fully complies with all state and federal election laws.

Thanks for reading.† With that said, I would be honored to answer further questions you may have as it relates to the WMBA PAC and how you can help the WMBA fulfill its mission.† Or, if you would like to contribute to the WMBA PAC today, please go to the following site and contribute today!
http://www.wmba.wildapricot.org/event-2290694
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Upcoming State Events:

2nd Annual Best in Business Awards



Celebrate the Best in Business with WMBA! Join your colleagues as we†announce the winners of this yearís awards and celebrate the best in the†Wisconsin Mortgage Industry.

Chapter News & Events

Madison

Milwaukee

2016 WMBA Milwaukee Zoo a la Carte

August 19, 2016
Milwaukee Zoo
Brown Bear Den

Northeast

MBA Update

IRS has extended deadline for IVES vendors

The IRS has extended the re-verification deadline for existing clients of IVES vendors from July 1 to midnight, July 15.†IVES vendors tell us that meeting the July 15 deadline remains a challenge, but this is a significant improvement.

Since MBA first became aware of the problem last Friday, we have been working with the IRS and the Obama administration to request an extension, and have encouraged our†members to proactively reach out to†their vendors. We appreciate the extension and urge†MBA members to complete the re-verification process as soon as possible.†If you have already been contacted by your IVES vendor(s), you should continue to make it a priority to complete the process quickly. If you have not yet been contacted by your IVES vendor, you should immediately call your vendor and obtain the re-verification requirements.

If you have any questions, please contact Rick Hill,†Vice President, Industry Technology at (202) 557-2718 or rhill@mba.org.†





The WMBA and the MBA have teamed up to bring you great access to the education components you need to stay current in the Mortgage Banking Business.

For every product purchased through the WIMBA-MBA store the WMBA receives a % back. †

Please use the link below to help support our Association!

Wisconsin Mortgage Bankers Online Store

Remember to check back often!

Chapter News & Events

2016 WMBA Milwaukee Zoo a la Carte


MBA Update

IRS has extended deadline for IVES vendors


WMBA Online Store