A Message From IMA President Tim Lamb
Association Updates
IMA Elects New Leadership
The Iowa Mortgage Association recently elected officers and directors to serve on its 2021-22 board of directors. These leaders assumed their roles during the IMA Fall Live event on Oct. 12.
Officers for the IMA executive committee include:
  • Chuck Simmons, Motto Mortgage in West Des Moines, president 
  • Jennifer Coyle, American National Bank in Council Bluffs, president-elect
  • Jo Van Patten, Northwest Bank, Arnolds Park, vice president
  • Tom Schulte, Community 1st Credit Union, Cedar Rapids, secretary/treasurer
  • Tim Lamb, Collins Community Credit Union, Cedar Rapids, immediate past president

Officers were nominated and approved by IMA member organizations from across the state. The IMA executive committee leads the board of directors, which is responsible for setting policy and overseeing the general operation of the IMA.

Also serving on the 2021-22 IMA board of directors are:
  • Nick Campos, National MI, Waukee, serving as member-at-large
  • Derek Carter, Community 1st Credit Union, Centerville, serving as member-at-large
  • Travis Eagle, MidWestOne Bank in Iowa City, serving as member-at-large
  • Terry Gearhart, Neighborhood Finance Corp., , serving as member-at-large
  • Omar Jordan, LenderClose in West Des Moines, serving as member-at-large
  • Casey Purcell, Clear Lake Bank & Trust in Clear Lake, serving as member-at-large
  • Val Reason, Iowa Finance Authority, Des Moines, serving as member-at-large
  • Nicholle Thovson, Availa Bank, Carroll, serving as member-at-large
  • Andrew Yamilkoski, Heartland Credit Restoration in Hiawatha, serving as member-at-large

Pictured: Tim Lamb, 2020-21 IMA president, congratulates Chuck Simmons, who will serve as the 2021-22 IMA president.
Thanks for Attending the IMA Fall Conference
Thanks to everyone who attending the conference this year. With a year of no events, everyone was grateful for the opportunity to meet again. Many thanks to the sponsors who helped make this event possible.
IMA Fall Conference Sponsors
Scott Warren from Arch MI accepts the Mortgage Professional Affiliate of the Year Award. 
Amber Ernst from New American Funding accepts the Mortgage Professional of the Year Award from IMA President Chuck Simmons.
IMA Presents Two Awards at Conference
The Iowa Mortgage Association recognized two mortgage professionals at its Fall Conference with the Mortgage Professional of the Year and Affiliate of the Year Awards. IMA recognized these individuals for displaying the highest standards of ethics and excellence, and their contributions to the mortgage industry.

Amber Ernst was recognized as the mortgage professional of the year. According to her nomination, Ernst continued to grow her business each and every year. "More importantly, her clients are not just a number, she truly cares about making sure they have an amazing mortgage experience. With her clients praising her many times over, she is at the top of her company in customer service reviews," the nomination stated.

Scott Warren from Arch MI received the mortgage affiliate professional of the year award. “Work hard, be honest and play nice,” are words that were used in Scott’s nomination. With many years of experience in the mortgage industry, Warren started his career as a mortgage loan officer, which he did for more than 20 years. He has now been an account manager for more than 15 years. His nomination noted, “He has rolled up his sleeves and done the hard work as well as lead and mentor teams, peers and industry partners towards their success. Anyone who knows Scott has had the pleasure to witness his vast knowledge of the business as well as his servant attitude and desire to make the industry better."
More Than 200 Recognized for 2020 Production
The IMA recognized more than 200 Iowa mortgage professionals during conference with the annual President's Club and Winner's Circle Production Awards. The awards were presented to loan originators for their outstanding production in 2020. This year’s presentation awarded three top lender awards to a bank, credit union and mortgage company. Special congratulations to these winners.
  • Credit Union Top Lender Felisha Junge, GreenState Credit Union, North Liberty
  • Bank Top Lender Yvonne Silvers, Bankers Trust, Des Moines
  • Mortgage Company Top Lender Jessica Greving, Residential Mortgage Network, Iowa City

Industry News
Fannie and Freddie Update Uniform Instruments
Fannie Mae and Freddie Mac updated their uniform instruments earlier this summer, which include security instruments, notes and riders. The updated security instruments, notes and riders are dated July 2021 and may be used for all mortgages originated on or after July 8. However, sellers must use the updated uniform instruments for all mortgages with a note date on and after the mandatory effective date of Jan. 1, 2023.

FFIEC Updates HMDA, CRA Resources
The Federal Financial Institutions Examinations Council recently updated its
HMDA website and CRA website to add the 2021 Census Data Products and the Geocoding/Mapping System to include the 2021 Census demographic data. In addition, the Consumer Financial Protection Bureau has posted its updated 
Filing Instructions Guide for data collected in 2022. The guide is a technical resource to help creditors file HMDA data collected in 2022 and reported in 2023. The CFPB also updated Supplemental Guide for Quarterly Filers which is intended to help creditors required to submit HMDA data quarterly.
NFIP Funding Extended to Dec. 3
Congress passed a continuing resolution just hours before a government shutdown and lapse in the National Flood Insurance Program on Sept. 30. The resolution extended government funding and the NFIP until Dec. 3. However, it is important to know the Federal Emergency Management Agency's new risk rating methodology, Risk Rating 2.0, is not tied to NFIP reauthorization, and thus the program went into effect as scheduled, on Oct. 1. 
Published by Iowa Mortgage Association.