David Kittle is sworn in as MBA Vice Chair in 2007
David Kittle with Apollo 13 Astronaut Jim Lovell
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The New Penn Difference: “I think, on certain things, we’re being listened to in terms of capital requirements. The CFPB does unchecked reports to the pretty much do whatever they want. The cost of people having to be hired, the overhead due to regulation, is unbelievable. There’s also state-wide compliance issues. It’s remarkable how people even go into this industry, there’s far little reward, but with such high costs to remain in compliance.” “Rates are always going to go up,” Kittle said, referring to how the American people are paying for capital requirements issues. “The future of mortgage banking sees a more vibrant chain of origination. There’s more strict compliance, sure, but there are companies who can pursue and cover fraud when it comes to loans. Licensed and educated brokers are the key to the future of the
CONGRATULATIONS MORTGAGE BANKERS ASSOCIATION ON YOUR 100TH ANNIVERSARY ANNUAL CONFERENCE
industry, as a whole.” Kittle would love to see community banks step up even more than they already have. Taking care of the customer is the most important aspect of homeownership, according to Kittle. “The MBA, right now, has never been more needed in the history of its existence. The MBA has continued to grow in terms of advocacy,” Kittle said. “The MBA protects who it advocates for. People listen to us. We’ve got access to the administration. We have access to congressmen and more. If you want an association that’s going to cover your fanny on everything, it’s the MBA.”
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n Florida Mortgage Professional Magazine n OCTOBER 2013
Treasury, who reports to the President,” Kittle said. “They can
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