Changing Times

Compliance, Congratulations on tap for MBA-NJ's
30th Anniversary Conference in AC next week

The Mortgage Bankers Association of New Jersey has been around long enough that anyone who took out a 30-year mortgage at their first meeting, would be making their final payment this month.

This Sunday, March 10, begins MBA-NJ's 30th Annual Regional Conference, here in Atlantic City, through Thursday, March 14.

A lot has changed in the three decades since it was Ronald Reagan delivering his third State of the Union address, Gandhi winning the Academy Award for Best Picture, and Michael Jackson's "Billie Jean" marking the first video by a black artist on MTV!

The good news-bad news in our industry is that while mortgage rates have plummeted from March 1983's 13% fixed interest rate (and 12% adjustable), federal regulations increased significantly. We're currently in limbo between the announcement in January of new regulations from the Consumer Finance Protection Bureau (CFPB) and their implementation next January.

For this reason, MBA-NJ has made understanding compliance requirements for these latest regulations the key issue of the 2013 conference.

As organizers wrote on the MBA-NJ website, "The week of March 11 will be very timely for our Conference in terms of an understanding of these new rules which, for the most part (a few exceptions) will become effective in January 2014. . . . There should be enough information about the rules to provide an understanding of what you need to do to comply."

At Booth #306 in the exhibitors' gallery, NCS Founder Bob Knuth and EVP Curt Knuth will be providing additional perspective on changing compliance demands.

NCS was already an established company when MBA-NJ had its first Annual Conference, and Bob's many years working with both industry and government make him a tremendous resource for our customers and colleagues.

Both Bob and Curt will be available throughout the conference to answer questions about new products that make complying with regulations easier, less expensive, and fully auditable. Among these is NCS' eSignature solution. Since January 7 when the IRS began accepting them, NCS has been processing eSigned 4506-T requests for tax transcripts, and providing complete eSigning, eDelivery, and eVaulting solutions for the entire conventional loan origination documentation!

Visit Booth 306 and learn about this and other new products such as Cash Flow Analysis. Or call/email us now to schedule a meeting and ensure that we can personally address your company's needs

Call us at 800-582-7066 or email us.