Merry Snowman
In This Issue
Regulatory Reform Class - January 12
Holiday Social is Wednesday!
VMBA Education - Major Changes
Joint VT/NH Compliance Conference in 2011
All your NMLS CE Credits
VT Residential Energy Code
NMLS ApprovedJanuary 12
Sheraton Burlington Conference Center

Save the Date!

3 Hour SAFE Federal Laws: 
Regulatory Reform and Its Affects on Mortgage Finance

(Course Provider 1400374/Course Number 1827).

This NMLS Course, created by the NH-MBBA is too important to delay until our 8 Hour CE Session in May.  You need this now!
So many changes are being generated from the recently passed Dodd-Frank Act and the Federal Reserve. 

This course presents these changes in an easy to follow format, which will generate lots of discussion and debate.  Everyone is encouraged to attend this extremely informative course - banks, credit unions, mortgage bankers, and mortgage brokers. 

Who should attend?

This course will benefit mortgage loan originators, processors, underwriters, and managers who are employed by mortgage bankers, mortgage brokers, credit unions, and depositories.


Sandie Gausch, Vice President of Compliance, Merrimack Mortgage Company, Inc.

Ben Niles, Manager, Merrimack Mortgage Company, Inc.





Our Thanks to the New Hampshire Mortgage Bankers and Brokers Assn for sharing this important course with the VMBA.

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Special Opportunity for VMBA Members

New England Mortgage Expo

The Nation's largest regional mortgage show - nearly 2,000 attended last year

8:00 - 3:30
 January 14

Admission for
VMBA Members

MGM Grand at Foxwoods, CT

This annual event has been revitalized into a high-value, high-energy one day industry expo. 

  This year's speakers include FHA Commissioner, David Stevens, Federal Home Loan Bank of Boston president, Ed Hjerpe, NMLS president, William Matthews, Federal Reserve Bank of Boston, Eric Rosengren.

To receive this special benefit, please use the link below and select that you were invited by the  VMBA for your free registration to the EXPO

For More Information - Expo Registration
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For all your Credit Report Needs

Contact: Maureen Devine

VT Housing Finance Agency

Supporting affordable housing and VMBA
Contact: Erin Perrin

Diamond Sponsors

Peoples United Bank

Law Offices
Fred V. Peet

Vermont Attorneys Title Corporation

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Vermont Mortgage Bankers Association Newsletter
December, 2010

We did it!  You accomplished so much in 2010.  New rules to comply with.  Classes to take.  Tests to pass. 
And a refinance boom to manage as well.
Good job everyone!

Now celebrate the Holidays and enjoy the moment, then prepare yourself for a New Year full of even more new rules and regulations, some great new education programs. 

Best wishes to you all for a wonderful Holiday Season and much happiness and success in the New Year -
VMBA - Promoting Mortgage Lending in VT
Holiday House
Don't Forget - Holiday Social is Wednesday!  
Still time to Register -
Link to Register

Over 50 of your mortgage friends and associates have registered already - don't be left out.  It's sure to be a good time.

VMBA - Encouraging Ethical Business Practices

From Chaos to Control -
An MGIC Workshop
Don't miss out on this Sales Workshop, conveniently offered right before the Holiday Social on Wednesday. 

You'll find an interactive and fast paced workshop that will include"
  • Understanding the "new" customer
  • Facebook versus Face-time - are you using the best practices to reach the new customer?
  • How to manage the Here & Now - what is really urgent vs important?
  • Preparing for your future - cultivating partnerships and the power of you
This is not to be missed - take the time to refresh your skills.
NMLS ApprovedVMBA Logo
Major Enhancements Coming Soon to
VMBA Education

The Vermont Mortgage Bankers Association has entered into an agreement with InReach to support our Educational programs.  Through this partnership the VMBA will significantly increase the number of on-line educational programs available to our members.  In addition, as we expand our use of InReach, we will offer select in-person seminars as Webinars following our live events.  These programs will be available to all VMBA members as well as others throughout the country. 

We believe that this partnership with InReach is an appropriate move that will bring added convenience and opportunity to our members. 

The VMBA joins the New Hampshire Mortgage Bankers and Brokers Association in the InReach partnership.   We anticipate offering the full slate of NHMBBA webinar programs to our members.


In addition, CampusMBA has now joined the InReach program and the wealth of member educational programs available through our national MBA associates will be available to all of you at MEMBER pricing.  This will be a significant benefit!


Stay tuned for more information about our official launch of the VMBA/InReach partnership.


VMBA - Working with State and National Industry Leaders
Greenhouse Sprout
Save the date -
 Compliance Conference

March 3 & 4th, 2011
Lake Morey Resort,  Fairlee, VT

VMBA and the NH MBBA are working together to bring this first of it's kind event to our area.  This will be a two day conference, focused on compliance.  We will bring you the latest updates on the rapidly evolving rules and regulations that are a result of the Federal Financial reform.  We have a great program outlined and we expect to attract senior and seasoned mortgage professionals from around the region.  This event will be complete with Exhibitors and Vendors that can help you Survive and Grow in this new regulatory world.
VMBA - Educating VT Mortgage Lenders
VMBA Will Offer ALL the NMLS Approved Continuing Education Classes you need in 2011!
Live, In-Person, In Vermont

Please know that your association will continue to bring you all the NMLS approved education that you need.  In addition to some timely courses and programs that are critical to provide early, we plan to bring you a full 8 hours of NMLS approved Continuing Education (CE) in the Spring. 

We'll offer 8 hours all at once for your convenience.  We will run the classes over two days beginning with a 4 hour afternoon session, followed by a 4 hour morning session the next day.

We have the date and place reserved - so please mark your calendar now!

May 11 & 12th
Sheraton Burlington

And please note - our Annual Meeting and Recognition Dinner will be held the evening of 5/11.  Plan on joining us for dinner

Please consider making VMBA your exclusive NMLS course provider.  We work hard to bring you the education you need, and we appreciate the support - Thank you!

VMBA - The Voice of the VT Mortgage Industry


Requirements Governing Residential New Construction, Alteration, Renovation, & Repair

Updating what?  It could be among the least known of Vermont's statutes but Vermont has a residential energy code called the Vermont Residential Building Energy Standards (VT-RBES).  This state law requires builders (or the person acting as the general contractor) to certify to their buyer that the work they perform on Vermont homes complies with the minimum energy-efficiency standards in VT-RBES.  Beginning early in 2011, all newly constructed homes, additions, alterations, renovations, and repairs are required to meet updated Vermont Residential Building Energy Standards, and certified as such by the builder/contractor performing the work.



VMBA - Promoting Mortgage Lending in VT
If you need additional information on any of the above, or would like to follow up please contact me.

Happy Holidays!

Diane Smith, Executive Director
Vermont Mortgage Bankers Association