SEPTEMBER 2013 Volume 5 • Number 9
FROM THE
1220 Wantagh Avenue • Wantagh, NY 11793-2202 Phone: (516) 409-5555 • Fax: (516) 409-4600 Web site: NationalMortgageProfessional.com
Change for all the right reasons To the successful mortgage professionals who reads our magazine on a regular basis, this issue represents an obvious change. We have made several significant changes to our appearance and our presentation both in our print and online formats. But the changes do not represent “plastic surgery” as part of a vain attempt to keep our looks up to date. Quite the contrary, our changes are a natural evolution for this publication, as we seek to enhance the power of our voice within the mortgage industry. Let me summarize the changes we are making, beginning in this issue:
STAFF Eric C. Peck Editor-in-Chief (516) 409-5555, ext. 312 ericp@nmpmediacorp.com
Joel M. Berman Publisher - CEO (516) 409-5555, ext. 310 joel@nmpmediacorp.com
Joey Arendt Art Director (516) 409-5555, ext. 307 joeya@nmpmediacorp.com
Beverly Bolnick National Sales Manager (516) 409-5555, ext. 316 beverlyk@nmpmediacorp.com
Scott Koondel Operations Manager (516) 409-5555, ext. 324 scottk@nmpmediacorp.com
Robert Peter Ottone Senior Editor (516) 409-5555, ext. 314 robertpo@nmpmediacorp.com
David J. Coster Senior Editor davidc@nmpmediacorp.com
Jon Blake Advertising Coordinator (516) 409-5555, ext. 301 jonb@nmpmediacorp.com
Phil Hall Senior Editor philh@nmpmediacorp.com
New look … The September 2013 edition of National Mortgage Professional Magazine comes with a new look—a crisp, clean, re-designed front cover graphic accompanied by a 100 percent glossy magazine. We have adopted a new, brighter, higher contrast, more modern logo that clearly signals that our magazine remains committed to being on the cutting edge of mortgage industry trade publications. No more dirty fingers … For the past 20 years, our team has been delivering targeted industry insights to you in a newsprint format. This format allowed us to be fast and deliver to the highest number of industry stakeholders. However, we’ve been waiting for the day when we can still deliver you a slick magazine, while keeping production time down … and now that day has come! New tagline … We are making a subtle, yet meaningful change to our tagline which appears below our title. We are replacing, “Your source for the latest on originations, settlement and servicing;” with “The source for top originators.” The reason behind this change is simple. While we will continue to cover important developments as it relates to settlement and servicing, everything in the mortgage industry begins with origination. We intend to remain the preferred source of information for mortgage originators and an advocate of mortgage originators. We will highlight excellence and best business practices, and provide a voice for those who wish to be heard. Our re-focus on the future will be to support the loan originators whose contributions to the mortgage profession allow for the success of those in settlement and servicing. We are proud to emblazon that in the new look on the cover of the September 2013 edition, National Mortgage Professional Magazine—“The Source for Top Loan Originators.” This is just the visual outgrowth of a re-focus for the benefit of our dedicated readership. As we move forward, we want to increase the relevancy of our content to help you navigate daily through the myriad of product, technology, regulatory and legislative issues facing the mortgage professional. Our mission is simple and continues to be to deliver high-value content, deliver that content sharply and to be your trusted source to help you make your decisions. Moving forward, look to our pages to include frequent quotes and commentary on the impact of the stories we are reporting on. The mortgage industry has changed quite a bit over the past few years, and, like any other industry, it will continue to change. We will provide clear and concise content to give you a snapshot of this ever-changing industry in our print magazine, e-editions, Web site, NMP Daily e-mail newsletter and NMP Ticker e-mails to keep you informed. We’ve also conducted numerous focus groups over the past few months and the outcome of them has been a resounding realization that National Mortgage Professional Magazine has been—and continues to be—the source and voice of loan originators in the mortgage banking and mortgage broker communities, whether they are primarily focused on retail, wholesale, branch or mini-correspondent. We thank our loyal subscribers and advertisers for your past support, and we pledge to continue to pursue change only for all the right reasons—when it benefits you . Until next month …
Brian Coleman Business Development Coordinator (516) 409-5555, ext. 311 brianc@nmpmediacorp.com
ADVERTISING To receive any information regarding advertising rates, deadlines and requirements, please contact National Account Executive Beverly Koondel at (516) 409-5555, ext. 316 or e-mail beverlyk@nmpmediacorp.com.
ARTICLE SUBMISSIONS/PRESS RELEASES To submit any material, including articles and press releases, please contact Editor-in-Chief Eric C. Peck at (516) 409-5555, ext. 312 or e-mail ericp@nmpmediacorp.com. The deadline for submissions is the first of the month prior to the target issue.
SUBSCRIPTIONS To receive subscription information, please call (516) 409-5555, ext. 301; e-mail orders@nmpmediacorp.com or visit www.nationalmortgageprofessional.com. Any subscription changes may be made to the attention of “Circulation” via fax to (516) 409-4600.
SEPTEMBER 2013 n Arizona Mortgage Professional Magazine n
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publisher’s desk
Statements, articles and opinions in National Mortgage Professional Magazine are the responsibility of the authors alone and do not imply the opinion or endorsement of NMP Media Corp., or the officers or members of National Association of Mortgage Brokers and its State Affiliates (NAMB), National Association of Professional Mortgage Women (NAPMW), National Consumer Reporting Association (NCRA) and/or other state mortgage trade associations. Participation in NAMB, NAPMW, NCRA, and/or other state mortgage trade associations events, activities and/or publications is available on a non-discriminatory basis and does not reflect the endorsement of the product and/or services by NMP Media Corp., NAMB, NAPMW, NCRA, and other state mortgage trade associations. National Mortgage Professional Magazine, NAMB, NAPMW, NCRA, and/or other state mortgage trade associations do not make any misrepresentations or warranties concerning the regulatory and/or compliance aspects of advertisers, products or services and/or the editorial content contained in NMP Media Corp. publications. National Mortgage Professional Magazine and NMP Media Corp. reserve the right to edit, reject and/or postpone the publication of any articles, information or data.
Joel M. Berman, Publisher-CEO NMP Media Corp. • joel@nmpmediacorp.com National Mortgage Professional Magazine is published monthly by NMP Media Corp. • Copyright © 2013 NMP Media Corp.
NATIONAL MORTGAGE PROFESSIONAL MAGAZINE’S
EDITORIAL CONTRIBUTORS Featured Editorial Contributors Fred Arnold, CMC
Andy W. Harris, CRMS
Jayne Combs
Andrew Liput
K. Justin Restaino
Dave Hershman
By Melanie A. Feliciano Esq.
Joann Muncey
Matt Seu
David Lykken
Joy K. Gilpin
Rich Obermeier
Barbara Scalera
Heather Kerns
Robert Ottone
Michael J. Wallace Esq.
Jean LeBlanc
Eric Petersen
Eric Weinstein
Mike Lewis
David Rasmussen
Michael G. Barone
David J. Coster
Jonathan Foxx
Editorial Contributors Alice Alvey
Donald J. Frommeyer, CRMS
Ginger Bell
Phil Hall
Vladimir Bien-Aime’