Power Training NMLS Provider #1400059

I believe the quote is something like, “a bad day on the golf course is still better than a good day at the office”!
It wouldn’t be an AMBA golf tournament if we didn’t have a brief downpour! We held on through the day and had a wonderful time partnering with Hayley Duhon and Arch MI to host Tee Box 8.
Great work on another successful tournament AMBA golf committee!

WOW, last nights membership happy hour for the South Texas Mortgage Bankers Association was an amazing success! Power Training was happy to be a founding sponsor. 23 people joined in the spot and we added two new sponsors.

WE’RE BACK!!!
Survivor Happy Hour!
March 19th - Westlake Wine Bar
RSVP with name, email, phone and company and we will put you on the guest list!

Great happy hour sponsored by Mortgage Financial Services TPO.

So excited for this pioneer event in the Rio Grande Valley. Come out and join us!

Time to schedule your CE class! I’ll be reaching out soon, or, you can always call us. 512-451-9112. Let’s get your class in the calendar!

Deadline to Renew Approaches!

It is interesting that every year we get down to the last few days and someone calls our office in a panic because they aren't sure if they have renewed or they haven't received anything from their regulator that they have processed their application.

First, realize that regulators all across the United States are receiving updwards of 600 renewal requests per day. You may not actually receive your renewal until 2024. That is not necessarily a cause for panic. As long as you have done your part and you show authorized to do business in the NMLS system you should be fine.

You might ask, what was my part? Here is your checklist.
1. Did you complete the required number of hours to renew for your state? Texas requires 8 hours.

2. Did you rececive an email from NMLS that your hours have been credit banked? If not, check your education record in NMLS. If they do not show there, contact the provider you took your education from and find out what happened.

3. Did you go online and complete your attestation? No one else can do this for you.

4. Did you pay your renewal fee?

5. Did you get a receipt?

If you have completed all these steps you should be fine and continue to originate loans in 2024.

If you still have concerns, you can call us, your regulator or the NMLS help desk.

Happy Originating

Merry Christmas and Happy Holidays!
Power Training will be closed until January 3rd.
Enjoy your holidays, family and friends. Eat great food and enjoy some holiday cheer!
But…don’t forget to renew your originator license!

Happy to a sponsor for this fun event again this year.
Today is the last day to early bird register.
Prices go up on Monday!
December 6th at Westlake Wine Bar.

Friday last week our CEO, Juliana Brock was asked for her advice and wisdom by William Purce, Director of Mortgage Regulation for the Texas Department of Savings and Mortgage Lending.
After answering his questions, Juliana asked about the state of renewal.
In Texas we have a little over 55,000 licenses, however more than 22,000 are NOT eligible to renew.
This means they were issued a provisional license and still haven’t met the qualifications of licensure or have done something during the year to make themselves ineligible.
WOW! That’s a very high number, however, Texas had a record number of licensees applying in 2020 from other states that have since made other decisions.
Though we as a company saw a small decrease in renewal numbers, it appears the industry is still strong. As of Friday, the state has had 30% of licensees apply for renewal which is slightly ahead of renewal numbers from last year.
We will have more information about renewals and numbers after the Emerging Market update next Tuesday. Watch this space for future updates

Artificial Intelligence can do many things…but I don’t think it can replace human interaction. My students tell me over and over again how much they enjoy coming to live class, seeing their colleagues, learning and laughing. Today was a good day as Guild Austin completed their CE and we celebrated Ashley Wenmohs’ birthday.
Thank you Goosehead Insurance, Ashley Wenmohs, MGIC, Rodney Orta, Priority Title and a Kendra Eakins, NewFi for being our partners today.

No, those aren’t contractions! That’s Hayley Duhon, an awesome MI rep (8 months pregnant) delivering a great presentation. Students just love you. Thank you for my thoughtful gift! Halloweeen is my favorite holiday!
I love my new earrings and wine glass!

Sometimes you get the chance to share knowledge with origination rock stars! Before and after! CE can be fun!
Hayley, you were amazing!

Sometimes class is like a big reunion! So many hugs all around this room! Some have been my students for over 10 years. ❤️❤️❤️What I Do! ❤️❤️❤️
Thank you to my partners, Ashley Wenmohs, MGIC, Paul Guerrero, Allstate, Kendra Eakins, NewFi, John Hudson, MFS, TPO and Michael Schwartz, Priority Title.

Everyone wants to be a student today! Even Bob Richardson takes his CE with us!

Starting off the day with Bob Richardson, Arch MI on RateStar Buydown.

Thank you Ashley Wenmohs, MGIC for being our partner today at the Movement Mortgage, Woodlands class! You were awesome and the class enjoyed your presentation!

In case you didn’t know, FHFA made the decision to integrate the use of bi-merged credit reports beginning next year. This is an effort to phase out Classic FICO and go with newer models, FICO 10T and Vantage Score 4.0.
The thought is borrowers who may not use traditional credit are being left behind. Comment period has re-opened. Take advantage of this opportunity and give yourself a voice regarding this.
Thank Joy McGee and Partners Credit for getting the word out that comments have re-opened.

Can education be fun? At Power Training we have proof it can!

Today Jimmy Gutierrez, SATMBA Treasurer and Hayley Duhon, Arch MI welcomed a packed house of students to their CE class. Thank you for your support and partnership!

Power Training was in the house at GEPAR in El Paso. Thank you to our wonderful partners! Mike Carroll, MGIC, Michelle Mondeili, Flagstar, Rodney Orta, Priority Title and Rocky Mezzacappa, Goosehead Insurance. 17 people joined El Paso MBA today…everyone completed their CE for the year.

Fun day of education for Elite Financing and Fairway! One more group who checked CE off their list of important things to do. Thank you Mike Carroll, MGIC and John McCully, Flagstar Bank.

Love my Benchmark Austin group! Thank you Kendra Eakins, NewFi and Hayley Duhon, Arch MI for being my partners today. 13th year with Power Training!

Fun day of education for Loan Depot Grapevine. I even had a few travelers from San Antonio join us! Thank you Joe Collins and Laura Laury, MGIC for being our lunch partners.

Many of you may have received this email. Don’t panic, Power Training is here for you. Classes are in full swing beginning August 1st! Click on the link to access our training calendar.

https://www.powertraininginc.net/powertraining/index.pl?+calendar+1000011849++++

Happy to spend a 106 degree evening with the Austin Mortgage Bankers at their farewell Top Golf event. Some of my favorite students in this picture! The bay hitters were so glad I brought fans and cooling towels!
Penny Green
Steve Builta
Dockery

Looking forward to attending the San Antonio Axe Throwing Membership Drive. Hope to see you there!