Indiana Mortgage Bankers Association

senting real estate lending in Indiana. Who are members of the IMBA? Members of IMBA include; mortgage bankers, community banks, commercial banks, savings and loans, mortgage brokers, private mortgage insurance companies, credit unions, title companies, credit service providers, appraisers, flood companies, attorneys, industry educators and non-profit housing agencies in Indiana. IMBA has five active chapters in the following areas of Indiana: Greater Indianapolis/Lafayette, Merrillville, South Bend/Mishawaka, Fort Wayne, and Bloomington, as well as members in Evansville and Terre Haute. Are there many organizational meetings? IMBA has an annual convention at which industry professionals are invited to speak and educate members on important topics. Recently, these included legislative and regulatory changes at the state and federal level, GSE and FHA updates and changes, market and sales trends, and, sales & sales management ideas. Also, a critical part of these conventions is the opportunity to network with fellow industry professionals from across the state of Indiana. Additionally, each chapter has regularly scheduled meetings that include education and training information as well as updates on what is happening in the market and state and local government. Recent chapter meeting included private sector and governmental speakers addressing mortgage fraud, credit and credit scoring, state legislation, FHA changes, GSE changes/updates, changes in title insurance, sales, sales management and appraisals. Chapters have also incorporated networking and fun into some of their meetings that include comedy speakers, a ‘Monte Carlo Night’ for charity and ‘Staff Appreciation Night’ to name a few. My company already belongs to the Indiana Bankers Association. Why should we also belong to the IMBA? IBA is a fine organization that represents the interests of its banking members. However, IMBA is focused solely on mortgage banking needs and issues. Also, IBA works with and looks to IMBA for expertise and representation with the State on mortgage banking matters. Also, IMBA has historically been able to bring together the finest speakers and presentations to Indiana to speak on the critical issues and topics surrounding the mortgage lending industry. Indiana Mortgage Bankers Association
Outside of organization meetings, how am I kept informed as to what is going on in the mortgage lending industry? IMBA has an on line database that you will be added to upon membership. E-mails will be sent to you periodically updating you on state and federal legislative and regulatory issues, industry news and events, training opportunities and what is going on in other parts of the state. How has IMBA’s lobbying efforts helped me and my business recently? IMBA, along with others, has been successful in stopping recently proposed legislation that would have increased the burden on lenders/servicers in the state of Indiana. Specifically, legislation was introduced that would have changed the current 'opt in' system for foreclosure mediation with borrowers to an 'opt out' system. Other successes include assisting in the defeat of legislation that would have established 'super-priority' liens for clean energy home improvement loans, with a priority over existing and new first mortgages, and supporting legislation that increases the regulation and oversight of foreclosure consultants outside of depository institutions. How much does it cost to belong to IMBA? Please visit our website for pricing information:
https://www.indianamba.org/Join-Us-1

How can I apply for membership? You can go to the IMBA website and apply online at: https://www.indianamba.org/Join-Us-1
Or contact Chris Bennett at: [email protected]

How do I find out more about IMBA? Visit our website at: https://www.indianamba.org/