May 2017 Print

President's Report

From the President's Desk

Don Precour, 2017 MMLA President
Fifth Third Bank

It is spring time and the selling season is off and running! I am writing to remind all of you as members to take advantage of your membership on the various events coming up over the next few months. This is a great time to sign up and take advantage of the opportunity to learn from the various speakers, such as Bill Cosgrove, CMB (Union Home Mortgage CEO & Owner). He will be speaking on May 10th at Sunnybrook Golf Club in the morning. In addition, we are offering the Mid-Chapter luncheon on May 17th with Audre Hutson (Founder and President of Conquest Health & Fitness Foundation) to learn how a professional athlete became a successful businessman.   We have some fun in meeting old friends and establishing new ones by attending the SE chapter golf outing on June 8th and the West Chapter Golf outing on June 12th. And last but not least, the ANNUAL LENDING CONFERNCE July 30 – August 1 at Soaring Eagle Resort in Mt. Pleasant!

There are a lot of events going on for the next two months so I encourage you to take the time to attend as many of these events and utilize the benefits of your MMLA membership. You can always refer to the MMLA Events Calendar for more details on each event and all the rest of the events for the year!

Please contact me or Joanne Misuraca if you have any questions or need anything from the MMLA. I look forward to seeing you out in the golf events or the summer conference this year!


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Legislative & MORBANPAC Committee News

Jim Wickham, CMB       Murray Brown
MMLA Vice President     Legislative Consultant
Union Home Mortgage   Karoub Associates

Proposed Amendments to the Mortgage Lending Practices Act

The Act, also known as the Anti-Redlining Act of 1977 would be amended to update the Mortgage Lending Practices Act. The current minimum mortgage amount that could be imposed by a lender would be increased from $10,000 to $25,000, and for a home improvement loan from $1,000 to $2,500. Additionally, the bill would require the DIFS Director to increase the minimum mortgage and home improvement amounts to reflect any subsequent annual increase in the “Detroit Consumer Price Index”. The bill would delete subsections 9 and 10 of Section 2, which require mortgage lenders to make available at the lender’s principal and branch offices a pamphlet or document explaining the lender’s criteria for the approval or denial of a loan application.

Allan Daniels, Don Calcaterra and I will be meeting with the DIFS Director, Patrick McFarlane, and his staff on June 13th. Director McFarlane has expressed concerns about proposed amendments in the bill, which would increase the allowable minimum mortgage amount from $10,000 to $25,000, and allowable minimum home improvement loan amount from $1,000 to $2,500. We would have preferred an earlier meeting on the bill, but the Director has a busy schedule.

Senator Booher, Chair of the Senate Banking Committee has agreed to introduce the bill.

 Watch for information for our upcoming "PAC WEEK". 

Click here for all the information about MORBANPAC!

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Annual Lending Conference

By:  Andrew Baker, Conference Chairman
Lake Michigan Credit Union

Summer is right around the corner, and nothing sounds better than golfing, gambling, and networking…oh yeah and you might learn something too!   That’s right! It’s time once again to start thinking about the Annual MMLA Lending Conference.

This year we will be at the Soaring Eagle Casino and Resort in Mount Pleasant, MI. The Conference will be held July 30th through August 1st. We are going to kick off the event with the “MMLA Up North Classic” at the Pohlcat golf course.

We also have some great speakers lined up this year. Registration is open and make sure you also reserve your room at the resort. The discount code for rooms is on the MMLA website, so be sure to go there and register!   I’ll see you all July 30th!   Check the website for more details coming soon....

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Education Committee News

Education Committee Update
Audrey Acquisti, MMLA Education Consultant
MSource Training & Consulting

The MMLA Best Practices seminar has been cancelled. We are very disappointed to have to do this, but it was due to some unforeseen circumstances.  If you already registered, full refunds will be given.    

We still want to get this important information out to everyone, so look for upcoming info about a webinar series on these topics.  You will be able to register for each segment or the full series and participate from wherever your computer or portable devise is!   This will be more convenient for all of our members around the state!!  Stay Tuned...


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Membership and PR Committee

The MMLA Membership & PR Committee
Trinity Lancione, Chairperson
MMLA Communications and Events Manager

Membership and PR Committee has been working hard towards setting up the Rising Star Awards. This year’s recipients were honored at the Rising Star Reception on May 2nd. At Amnesia Nightclub in Motor City Casino.  The event was great, with nearly 100 people in attendance. They enjoyed appetizers, cocktails and, of course, the award presentations. All recipients gave a thank you and added what they love about the mortgage industry. It was inspiring to see so many young professionals excited about our industry and being part of the MMLA!! Go to the MMLA Facebook page to see all the pics from the evening.

The Committee is also very excited at all of the new initiatives that have been in the works and can’t wait to share them with all of you, as they come to fruition.

If you would like to participate on this committee, please contact me at  We meet monthly via conference call - not too much of your time will be needed but it will be very much appreciated!!


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MMLA Working Group Calls

MMLA Risk Management and Compliance Working Group

Alice Alvey, Master CMB
Indecomm Mortgage U

The working groups have come together to form one impressive group of experts. Now that the bulk of the Dodd Frank Act is  implemented, the group members have found that risk management in underwriting is overlapping regularly with compliance needs. The managers of each area are learning from each other and adding more value to the attendees as a whole.

This is a great time to join the Working Group monthly call. The forum gives each participant a chance to ask questions and provide feedback on day to day as well as complex compliance, operational and underwriting challenges. The group reviews the latest agency hot buttons and trends unique to the Michigan market. The experts on the call come from all areas of mortgage banking including lenders, bankers, credit unions, legal and quality control.

Indecomm – Mortgage U is proud to serve as the host of the event. Questions can be submitted to the group in advance by emailing Denise Kowalski at:

To join the group, simply contact Joanne Misuraca by phone or email. She will provide the invitation so you can save the date and time on your calendar.  This is an opportunity worth setting as a priority every month. The one hour investment, may save you thousands in an operational improvement or required regulation change.

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Welcome New Members!

The MMLA has added these new members since April 1, 2017!!   Included in these members are individuals from our Corporate Partner companies.  Welcome!!!

Mark Adkins MSHDA
Daniel R Aubuchon MB Financial
Chris Blank MSHDA
Jodi Ewald First State Bank
Lisa Ferrante First State Bank
David Godin Fifth Third Bank
Ramona Kethe First State Bank
Cynthia  Koski Huron Valley Financial
Joe  Lange Allstate Insurance - The Lange Agency
Judy  LaSage ATA Midstate Title Agency
Jacqueline Macon First State Bank
John K. McParland Envoy Mortgage
Jody Seefried First State Bank


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CMB Society News

Michigan CMB Society Update!
Dan Sugg, CMB
Certified Mortgage Bankers Society Chairperson
Michigan First Credit Union

Remember when refi’s were everywhere? Seems like so long ago, oh wait it was just like November? Regardless of your political leanings, we can all agree that the change that happened at the polls in November and in DC in January is reshaping the mortgage industry with almost the same furiousness that we witnessed in 2009. It isn’t a secret that CMB’s really gravitate to political advocacy and this year shaping up to not disappoint us! I have already booked my ticket for the National Advocacy Conference 2017 and would ask you to think about joining me and my fellow CMB members in DC for June 19-20 to be part of the voice of reason for our industry. I promise that you will leave this event wiser and more empowered than you can imagine. If you only attend one event on a national level and are interested in shaping the future of your career, the National Advocacy Conference 2017 is it.

The Michigan CMB society is planning a meet and greet social hour for anyone that wants to learn about what it means to be a Certified Mortgage Banker. Think drinks with friends - there, now we have your attention! Please be on the lookout for your invite for a June 28th event in Royal Oak - as details are still forming.  Whom I kidding, Jen Plagens just suggested this idea and I’m literally trying to pick the day that works, Ha-ha all kidding aside this will be an informal reason to share a libation and learn more about the CMB designation.

And as always if you have question about the process to becoming a CMB, please contact me at or reach out to any of the other CMB’s in Michigan.


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SE Chapter News

SE Chapter President's Corner

Thomas Johnston
SE Chapter President
First Guaranty Mortgage Corporation


It’s been a busy spring so far with the outlook for an even busier summer. Although we are running the race it’s important to take time for yourself and take time to enjoy some of the events going on with the MMLA. Here at the SE Chapter we have Golf to look forward to in June and Baseball in August with a few events sprinkled in between. Thank you for your support!

If you have any ideas for an event or would like to volunteer please contact our committee chairs directly, all of their contact info can be found on our new MMLA website.

SE MMLA Lunch & Learn
Mike Fontana, Chairperson
Guaranteed Rate, Inc.

We are working on details for our next event.  If you have any speaker suggestions for future events, please let me know.  You can reach out to me at or via cell phone at 248-224-5583. 


SE Social Committee
Maureen Townson, Chairperson
Genworth Mortgage Insurance

Thank you to all who came out for the Speed Networking event at this newer venue, World of Beer, on April 27th. We had over 45 attendees and enjoyed beers and cocktails from around the world, ambitious appetizers and everyone had the opportunity to chat with each and every attendee for 3 minutes!   Our next event will be a baseball game at Jimmy John's Field in Utica in late August (more details to follow).

If you are interested in helping out with our committee, reach out to Maureen Townson, Genworth Mortgage Insurance at (248) 245-2950 or email

SE Golf Committee
Dawn Burdick, Chairperson
Potestivo & Associates, P.C.

Grab a Group & Tee Up!

The SE Chapter Golf Committee preparations are in full swing! We are excited to see all of our industry friends and partners on Thursday, June 8th for an action packed day of golf and networking. The committee is happy to announce the outing will once again take place on the beautiful grounds at the Shepherd’s Hollow Golf Club in Clarkston J. New sponsorships available including “Social Cart” that gives you wheels for the day and an opportunity to ride around the course and distribute your company merchandise as well as snacks/beverages purchases through the club. Also, take advantage of the new Pin-Flag sponsorship for only $200/per hole! Contact Dawn Burdick at with questions! Cheers!

P.S. Stay connected! Receive MMLA SE Chapter Golf Outing updates/highlights by texting the message @942642 to the number 81010.


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Mid Chapter News

The Mid Chapter Upcoming Events

Read More    Register Now

Mid Chapter Lugnuts Baseball Outing

July 27, 2017
5:00 PM to 8:00 PM

Cooley Law School Stadium
505 E. Michigan Ave.
Lansing, MI 48912
Venue website

It's time for some Summer baseball! Swing on by and it'll be a home run!

Read More    Register Now

 Mid Chapter & WCR Golf Outing

August 17, 2017
8:00 AM to 4:00 PM

Wheatfield Valley Golf Club
1600 Linn Road
Williamston, MI 48895
Venue website

Join us for this fun event!

Read More    Register Now

 Meet your MMLA Mid Chapter Leadership Team!

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West Chapter News

West Chapter Upcoming Events

West Chapter Breakfast Meeting
with Bill Cosgrove, CMB

May 10, 2017
8:30 AM to 10:30 AM

Sunnybrook Country Club
624 Port Sheldon Street SW
Grandville, MI 49418
Venue website

Sponsored by: 

Join us for this breakfast meeting with special guest speaker, Bill Cosgrove CMB, Union Home Mortgage CEO and Owner, and past MBA Chairman.

Read More    Register Now

West Chapter/WCR "Meet Your Match" Event

June 01, 2017
4:30 PM to 4:30 PM

Kirby Grill
2 Washington Avenue
Grand Haven, MI 49417
Venue website

Don't Miss Out our second Meet Your Match Event!!  the first one was so great we had to do it again!!!

   Read More    Register Now


West Chapter Golf Outing

June 12, 2017
8:30 AM to 4:30 PM

Thornapple Pointe
7211 48th St SE
Grand Rapids, MI 49512
Venue website

Watch your email and check back to this website for more information about this upcoming event.

Read More    Register Now

Click here to see the West Chapter Leadership Team



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Who, What, Where...Social Newsletter

We hope you enjoy this edition of the MMLA social newsletter...the Who, What, Why....  There is so much going on in our industry and it is sometimes hard to keep track of job changes, promotions, new hires, etc.  The social aspect of our business plays a key role in MMLA membership.  Members who build relationships with other members and participate in local social and luncheon events get more value from their membership.  

So, if you have an announcement to make - a new hire, a job change, office relocation, a honor or award you received, etc. - please email the information to and you may see it in an upcoming issue of Who, What, Why....  We will even accept "just for fun" stuff like industry related jokes, cartoons and special "talents" or funny facts that people may not know about you...forward them as well.  We welcome your comments and ideas, too!!

People on the move...

Greg Sugg is now with Capital Mortgage Funding

Kay Mutchler is now with Planet Home Lending

Terry Aikin, CMB is now Vice President, Managing Director for the West-Central region for MGIC

Marc Faber is now with Optimal Blue

Katy Calabrese and Todd Philpotts are now with Chemical Bank

David Jackson and Scott Sharda are now with Waterstone Mortgage

Kudo's to Michael Fontana!!!  Last week, Mike was in Lansing accepting a Community Service Award from the Michigan Parks & Rec on behalf of the Friends of Macomb Twp – A Community Foundation.  He is the Treasurer of that group and they have raised a lot of money since I joined them in 2014.  The group has given money to Glen Peters School for the mentally/physically challenged kids at 21 Mile & Heydenrich, the Lego Robotic Team at Cheyenne Elementary at 21 Mile & Heydenreich, Clinton - Macomb Library at 24 Mile & Romeo Plank, 3 new scoreboards at the baseball diamonds at Macomb Corners Park at 25 Mile & Broughton and six $1,000 scholarships for the last 3 years.   

Mike works tirelessly on many causes around the community.  Contraulations on this recognition!!


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