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WASHINGTON MORTGAGE BANKERS ASSOCIATION


WMBA President’s Message 

Can you believe it’s March?  We are quickly approaching the end of our 1st quarter and have already clearly seen our share of change and market compression this year across our industry.  As I shared last month, CHANGE is the one thing that is guaranteed, especially in our business, and this year we have seen mergers, acquisitions, legislation changes, and our industry feeling the pressures of margins and regulatory demand.  Because of this, there’s an additional need for all of us to stay focused, work together, and support the Washington Mortgage Bankers Association.  Together, we are a powerful force that keeps our industry strong and voices heard.  As I always stress, our voice is the most powerful tool we have.  It helps unifies our vote and our collective success in this industry.

I would like to thank Jay Thompson, past Executive from Zillow for being our February speaker.  Jay not only gave his time to our organization, but also will be donating to our upcoming WMBA Auction on May 21st . As an organization, Zillow heard us and is now asking how they can be involved from both a local and national level to help us on the regulatory front and support our organization.

Speaking of the regulation, last month we had our annual Legislative Day where organization members went to Olympia to met with our politicians and discussed our industry and concerns.   We were fortunate to have lunch and one-on-one time with the Department of Financial Institutions (DFI). I would like to thank our Lobbyist, Jessica Fortescue, for her consummate professionalism and how well she represents us and our industry.  Every person we met knows Jessica and shared their high level of respect for her, her opinions, and the knowledge she gives the hill.  I would also like to acknowledge and thank several individuals that joined Jessica and I in representing our industry and were instrumental in making this day a success: Don Burton, Dan Rivisto, Gary Fallon, Anne Marie Bachmann, Lisa Goldsmith and Sara Monzo.  Their efforts, along with your involvement and support of our WMBA is critical for our industry’s future success.

We have a great event planned for March! Ryan Hills and Ryan Christiansen from the RE Source are our speakers. They are industry leaders, colleagues, and do an amazing job representing us in their shows.  The RE Source offers valuable insight and delivery of tough, relevant topics, and pertinent information.  Recently, they also felt first-hand the effects of our market and industry changes when Eagle Home Mortgage exited our market.  These industry veterans had to go through a change that many of us have experienced at some point in our careers.  They have first-hand knowledge of our market, the competition, and what’s ahead for our industry.  We’re looking forward to an exciting dinner meeting!

Warm Regards,

 

 

Robert Lipston, President, WMBA

 

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