MBA Wants More Input from Servicers

The chairperson of the Mortgage Bankers Association loan administration committee has called on loan servicers to expand their involvement in the industry association's efforts to influence public policy.Speaking to some of the 1,900 attendees at the MBA National Mortgage Servicing Conference in Orlando, Fla., J. K. Huey, senior vice president at IndyMac Bank, said the mortgage servicing business is constantly changing and lenders cannot afford to be complacent about evolving issues in the mortgage banking industry. "We should not be bystanders in this whirlwind of change. We need to get involved," she said, urging servicers to support both the MBA and MorPAC, a political action committee that promotes the industry's political causes. MBA leaders want MorPAC to raise $1.3 million during the coming two-year election cycle. In the last election cycle, it raised just over $1 million. The MBA can be found online at http://www.mortgagebankers.org.