President's Message

Hello everyone.  Hope you are all well.  Following the late night decree from Fannie and Freddie announcing the new adverse market fee, the IMBA sprang into action on August 13.  Working with the national MBA, our legislative team was engaged with Senator Durbin’s office. We voiced our membership's opposition to the fee, given the government’s official position of supporting homeowners through the COVID crisis, and we objected to the implementation of the new fee without advanced notice.  Earlier in the week, we had a private call with Senator Duckworth to discuss the issues important to Illinois lenders.  We were well represented - participants who joined me on the call included MBA staff Rosie Sheehan and Ethan Saxon, IMBA Vice President, Nathan Britsch, Neighborhood Loans; Legislative Liaisons Brett Natarelli, Manatt, Phelps and Phillips and Solomon Maman, Noonan and Lieberman and Scott Fletcher, Fairway Independent Mortgage.  You will be pleased to hear that Sen. Duckworth was well prepared, attentive, and supportive.  (The best part of the call in my view had nothing to do with mortgages.  Her 2 year-old daughter joined us for the second half of the call.  Charming, and extremely well behaved.)  If you have questions or comments, do not hesitate to contact me.  Finally, please join the Mortgage Action Alliance, our industry’s voice on Capitol Hill.

Given the challenges of holding in-person events due to COVID 19, our organization is facing challenges never seen before.   We hosted the Annual Golf Outing on August 6th, and although it was a smaller one this year due to Restore Illinois being in Phase 4, we had a wonderful day.  Special thanks to our golfers and Event Sponsors!  Your participation and support made it possible!  

Our Best in Business Awards will be a virtual event this year on October 1, 2020.  This has been a year unlike any other, as employees have been asked to work remotely and adapt to changing circumstances all during a record volume of business.  I invite you to join us on Oct. 1 as all the nominees will be celebrated and the winners will be announced!  We are so grateful for the outstanding support from our Best in Biz Event Sponsors during this "business not as usual" time.  

Our committees continue to provide valuable and timely information that is so helpful.  The monthly calls with guest speakers are a benefit of membership that you may not have realized.  Joel Kan with the Mortgage Bankers Association will be joining us in November for our next monthly call.  Joel will talk about the mortgage and capital markets and what 2021 might look like. 

Our Annual Sponsor Partners are critical to our success and I am so grateful for their support and commitment to the IMBA!   

Special thanks to the following companies:

Premier Sponsors: A & N Mortgage; Caliber Home Loans; Chase; Diamond Residential Mortgage; Essent Guaranty; Guaranteed Rate; Manatt; Union Home Mortgage, Wells Fargo Funding

Gold Sponsors: Blueleaf Lending, LLC; Midwest Community Bank; Neighborhood Loans; Radian Guaranty; Valuation Partners; Wintrust Mortgage

Silver Sponsor Partners: ACT Appraisal; Arch MI; Chicago Title Insurance; Fidelity National Title; Fifth Third Bank, First American Title Insurance; Genworth Mortgage Insurance; Inland Home Mortgage; Key Mortgage Services; MGIC; Old Republic Title Insurance; Prairie Title, U.S. Bank

Bronze Partners: CrossCheck Compliance; HKA Staffing Services; National MI; National Title Solutions; Platinum Home Mortgage

Undoubtedly, there’s a sense of uncertainty of what’s to come, when will we get back to the way we used to be.  One thing is true and remains the same.  All of our members, in some capacity, serve the American homeowner.  Advocate for your customers, advocate for your company, advocate for yourself. The IMBA is here for you.  Let us know what’s important to you. Because we don’t exist if not for you.  Together we are stronger and our cohesiveness will see us through the set of challenges we face today.  For more than ninety-nine years, the Illinois Mortgage Bankers Association has stood as the State’s premier mortgage banking trade association.  Stay healthy and safe and thanks for supporting the association.

Sergio Murer, CMB
2020 IMBA President
Regional Sales Executive, Correspondent Sales
Wells Fargo Funding