Connecticut Mortgage Professional Magazine September 2013 by United Sports Publications

USA Cares Mortgage Heroes: Angela Jett of Equity Missouri By Joann Muncey

SEPTEMBER 2013 n Connecticut Mortgage Professional Magazine n

NationalMortgageProfessional.com

The “Show Me State” has been home to many exceptional Americans in our history—people who believe in making a difference in the lives of others. This month’s mortgage hero, Angela Jett, is also working to make a difference in the lives of others. Angela, a 2013 Five-Star Realtor, works with Equity Missouri based in St. Louis, and has been in the real estate industry for 13 years. In that time, she has helped hundreds of families achieve the American dream of homeownership, from buying, selling, investment portfolios, leasing, short sales and foreclosures. One thing that stands out about Angela is that she is very Angela Jett passionate about helping our veterans and their families. In her business model, her mission is to provide the utmost care in service for a family’s real estate needs and personal finances. She works with lenders, financial planners and other professionals who have served in the military and those who have programs to educate veterans on homeownership. Her care and concern also translate in her personal life, where she spends a great deal of her personal time as chair of the Missouri/Southern Illinois USA Cares Chapter. This volunteer position allows her to work with military families in the community who are looking for help and guidance, and also gives Angela the opportunity to reach out and educate others about military families and their needs. My personal quote is, “I believe in justice and truth, without which there would be no basis for human hope. This quote inspires me because the truth is what matters in every aspect of life-the nature of truth becomes grounded in the moments of decisions encountered in one’s life— knowing it, being with it, a part of it, and living it. People will love in truth, fight for truth, and die in knowing the truth.” “There is so much that faces our families today at all economic levels. In working with so many families, I have found that making the right decisions for the immediate future and for long-term planning are both extremely important to my clients. Investing in real estate is a huge decision. However, there is a larger picture that we want to get across. Planning how best to protect those investments and having a plan for maximum efficiency of the family’s personal finances can ensure a sound peace of mind and a wealthier future for generations to come.” USA Cares is a 501(c) 3, non-profit organization that provides financial and advocacy support to post 9/11 veterans and their families. USA Cares has four core programs: Combat Injured, Housing Assistance, Emergency Assistance and Jobs Assistance. Nationally, USA Cares has responded to more than 45,000 requests for assistance with approximately $10 million in indirect-support grants. Additionally, USA Cares offers a Certified Military Housing Specialist (CMHS) course to all housing professionals which offers 10 CEUs from the Association of Financial Counseling, Planning and Education. For more information, log on to www.usacares.org. Joann Muncey is director of housing assistance at USA Cares, where she has worked since 2008. She may be reached by e-mail at joann@usacares.org. USA Cares is a 501(c) 3, nonprofit organization that provides financial and advocacy support to post 9/11 veterans and their families. USA Cares has four core programs: Combat Injured, Housing Assistance, Emergency Assistance, and Jobs Assistance. Nationally, USA Cares has responded to over 45,000 requests for assistance with approximately $10 million in direct-support grants. Additionally, USA Cares offers a Certified Military Housing Specialist Course to all housing professionals which offers 10 CEU’s from the Association of Financial Counseling, Planning and Education. For more information, log on to www.usacares.org.

new to market

continued from page 15

age closing time for first mortgages in June 2013 was 47 days, a three-day increase from the previous month. In an effort to overcome this industry challenge of on-time closing fulfillment, Churchill’s “Purchase Guaranteed Close” program ensures the agreed-upon close date is met. The guarantee starts from the time the loan officer receives a full and complete loan application package from the borrower and, if the loan is not closed within the agreed upon date, Churchill guarantees a $1,000 credit to the borrower at the time of closing. “Our ‘Purchase Guaranteed Close’ program supports Churchill’s strong commitment to borrowers while providing peace of mind and confidence to sellers and real estate agents,” said Mike Hardwick, president, Churchill Mortgage. “Efficiently meeting the

Your turn National Mortgage Professional Magazine invites you to submit any information promoting new “niche” loan programs, new products or any other announcement related to the introduction of a new program, to the attention of: New to Market column Phone #: (516) 409-5555 E-mail: newsroom@nmpmediacorp.com Note: Submissions sent via e-mail are preferred. The deadline for submissions is the 1st of the month prior to the target issue.

the mini-correspondent channel

continued from page 53

acquire information and options, and then, after careful consideration, make a decision on moving forward.

date of on or after Jan. 10, 2013, for loans for which the creditor receives an application. See 78 Fed. Reg. 6408, 6419 (Jan. 30, 2013) (12 C.F.R. § 1026.43(c).

Jonathan Foxx is president and managing director of Lenders Compliance Group and Brokers Compliance Group, mortgage risk management firms devoted to providing regulatory compliance advice and counsel to the mortgage industry. He may be contacted at (516) 442-3456, by e-mail at jfoxx@lenderscompliancegroup.com. Michael G. Barone is director of legal and regulatory compliance at Lenders Compliance Group. He may be reached by e-mail at mbarone@lenderscompliancegroup.com. For more information, visit www.LendersComplianceGroup.com or www.BrokersComplianceGroup.com.

6—Ability-to-Repay: Regulating or Underwriting, Part I, Foxx, Jonathan, National Mortgage Professional Magazine, June 2011, Volume 3, Issue 6, pp. 2630; Ability-to-Repay: Regulating or Underwriting, Part II, National Mortgage Professional Magazine, Foxx, Jonathan, July 2011, Volume 3, Issue 7, pp. 20-42; Ability-to-Repay: The Basics and a Chart, Foxx, Jonathan, National Mortgage Professional Magazine, September 2011, Volume 3, Issue 9, pp. 6-24; and, for our newsletters, visit our firm’s Library (http://LendersComplianceGroup.com) or its publications Web site (http://Publications.LendersComplianceGroup.com).

Footnotes 1—Elizabeth Warren is now a U.S. Senator (D-MA). 2—The three percent cap on broker revenue is included in the Final Rule issued by the CFPB and published in the Federal Register, Jan. 30, 2013, Ability-to-Repay and Qualified Mortgage Standards under the Truth in Lending Act (Regulation Z) at https://www.federalregister.gov/articles/2013/01/30/2013-00736/ability-to-repay-andqualified-mortgage-standards-under-the-truth-inlending-act-regulation-z. 3—The CFPB issued Proposed Amendments to the Ability-to-Repay Standards under the Truth-in-Lending Act (Regulation Z). See Proposed Amendments to the Ability-to-Repay Standards under the Truth-in-Lending Act (Regulation Z), Jan. 10, 2013, see http://files.consumerfinance.gov/f/201301_cfpb_concurrent-proposal_ability-to-repay.pdf. 4—78 Fed. Reg. 6447, 6581 (Jan. 30, 2013).