What is with Mortgage Brokers that complain about NAMB not doing enough for them when they aren’t even a member?

Services for Real Estate Pros with Kasteel Property Management - Property Manager DRE# 5495981-PB00

I hear mortgage brokers say, "I'll sign up when they start doing more for me.  They should be more like the NAR is for their people."  To anyone that thinks this way I say:

If everyone took your view on it NAMB would not exists at all.  NAR is able to step in and do bigger and better things because Real Estate Agents get involved and sign up.  NAMB has been using their recourses fighting all the stupid bills that legislators have been trying to pass that would have already put brokers out of business.  You think it's bad now?  It would be much worse if NAMB wasn't doing their job.  You would know that if you participated and got involved.  If you want something to change then get involved.  Don't just sit around complaining that someone else needs to take care of you.  NAMB has high hopes and wants to do more.  It is made up of hundreds of volunteers and thousands of members that are actually willing to do something to protect their industry.  NAMB wants to do more but they need more support and people like you are the reason they can't.

If you want NAMB to have more money to do more for you, than you need to help support them.  NAMB is way over budget because it is very expensive to fight all the bad laws that are being proposed.  If you won't contribute financial with a membership fee (which pays for itself in free meals and trainings) then at least take the time to write your congressman and local representatives or are you waiting for someone else to do that for you too?  Actually, if you had signed up with NAMB they do write those letters for you.  When there is a critical issue you get an email with a letter already written out and they tell you where to send it.

Do you want to see NAMB doing public announcements and commercials to educate people on what is really going on?  Then do your part.  They have had a tough couple years and have done amazing things for our industry.  But there is no way you'd know that if you aren't a member.  All you know is what you think you know, which is a lot less than you think.

After saying all of this I want to point out that I am only a member of NAMB.  But I pay my fees and go to the meetings and I know what is going on.  How many of you do?

Comments (2)

R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham
Bank of England (NMLS#418481) - Raleigh, NC
Bob Mitchell (NMLS#1046286)

Jeff:  Back in the early 90's I looked into getting involved with NAMB because there was a movement here in Missouri to regulate mortgage brokers in a way that they hadn't been regulated before.  Unfortunately, I took the position that a certain amount of regulation was necessary and even wrote a commentary that was published in the St. Louis Post Dispatch.

Let's just say that my welcome at their meetings was less than...well, welcoming!  Also, I think that NAMB shot itself in the foot in those early days by not being more open.  I remember being turned away from a function when I happened to be with a group of mortgage people on my buddy's boat. 

Someone suggested that we go over and check the meeting/party out, so we did only to be turned away at the door because we weren't members.  Who knows, maybe if they had let us in we might have joined?

While I don't fault them for being ineffective here recently (they've definately been swimming against the current) I wonder if they had been more open in the beginning if they could have been more effective recently??


Bob Mitchell

ValueList Real Estate Services, Inc.

Jul 08, 2008 05:52 AM
Lynn911.com ~ Dallas Real Estate Agent Top Team
Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com - Dallas, TX

  Great blog for a/r community, have a wonderful week.

Sep 23, 2008 10:16 AM