Guild on the Hill

Guild on the Hill | Guild Mortgage

We’re used to hearing the term “gridlock” about Washington, D.C. Luckily for Guild, that wasn’t the case at this year’s Mortgage Bankers Association (MBA) National Advocacy Conference. Each year, the MBA brings industry stakeholders together to lobby on Capitol Hill for key policy priorities. This year, my Compliance team and I focused on speaking with policymakers about strengthening finance systems. We met with representatives to talk about transitional licensing and CFPB (Consumer Finance Protection Bureau) clarification. We want streamlined processes for licensing requirements of loan officers transitioning from banks to mortgage lenders. Streamlined processes would allow more loan officers to consider mortgage lenders for employers, giving them more options. We also hope to see more CFPB guidance on regulations that remain unclear. We need assistance with knowing exactly what the CFPB expects. Experiencing how our government operates, and seeing just how accessible our leaders in Congress are, was remarkable. I was pleasantly surprised to see that policymakers on both sides of the aisle shared the same objectives and goals that we do.