Membership in AzAMP helps keep you educated and well-informed on everything happening in the mortgage industry. Get involved, take control and help steer the industry into the future!
Beginnin
Beginning in the early 1940’s mortgage companies began to established. In the early years depository banks and savings and loan associations dominated the mortgage market. However, bank loan lending criteria were limited and not standardized. For persons who did not meet bank criteria, private lenders made first and second mortgages. Business thrived. As the market evolved, so did the need for legislation. Organizations also began to form throughout the country out of need for a voice in in this new legislation. Florida worked with its legislature to create the first mortgage brokering act written in the United States. Arizona's the first mortgage broker act went into effect in 1972. The late ‘60s and early ‘70s brought national reform to the industry. The Equal Credit Opportunity Act, Truth in Lending Act and Real Estate Settlement Procedures Act all became law. Government sponsored enterprises, created by Congress in the early 70s, were authorized to invest in mortgages and funds were raised through the sale of mortgage backed securities. Prior to that time the Government National Mortgage Association, who administered the FHA programs, was the major source of mortgage funding. Our Beginning... Arizona’s early years were riddled with strife dealing with unscrupulous lenders. There were struggles with efforts by another group to organize in the mortgage industry in the Phoenix area. Unfavorable bond requirements were imposed by the state legislature, and, worst of all, was the bad publicity due to criminal activity by some brokers. A group of reputable brokers formed to collectively create a positive influence. In August 1980, David Lyle and Mark Ross – Mortgage Brokers in Tucson – started the Arizona Association of Mortgage Brokers (AAMB). They formed AAMB and stayed the course to work with the legislature and the press to cure the misconceptions that all brokers were corrupt. AAMB was instrumental in helping lawmakers understand the role of brokers in the financial landscape as well as meeting the needs of consumers in a way that was advantageous for all parties. In December 2009, in keeping with the changing landscape, the name of AAMB was amended to Arizona Association of Mortgage Professionals (AzAMP). Minimum loan size, bond requirements, education requirements and, licensing of loan originators are just a few examples of the direct involvement of members of AzAMP. Many individual brokers have spent countless hours working to preserve the rights of lending professionals to do business in a way that is not only beneficial to them but to consumers. Countless Bills that would overburden the mortgage industry have been quashed through “Calls to Action” by AzAMP. Through all this we have formed a close relationship with the Arizona mortgage industry regulator, Arizona Department of Financial Institutions (DFI). DFI has great respect for AzAMP and its members. They have asked for our support and input on many occasions. The work is never ending. AzAMP is constantly looking for ways to protect brokers legislatively and to enhance the benefits provided an association. But, it is your responsibility as a member to accept the torch when it is passed to you. Each and every member of the Association plays a key and important part in the success of our industry. Remember one voice is not nearly as loud as the collective voices of you and your peers working toward a common goal. | Past Presidents of AzAMPMark Ross - Tucson Sam Morey - Tucson AAMB 1982 Charter Member David Lyle - Tucson AAMB 1983, 1985, 1986 Founder & Charter Member Mike Figuroa - Tucson AAMB 1984 Joe Paonessa - Phoenix AAMB 1987 Paul Randall - Phoenix AAMB 1989 Current Member Marjorie Lewis - Tucson AAMB 1990 Charter Member Scott Gaffney - Phoenix AAMB 1991 Current Member Bill Anastopoulos - Tucson AAMB 1992, 2008-2009 Current Member Mitch Medigovich - Phoenix AAMB 1993 Current Member Jeff Wemmer - Tucson AAMB 1994 Ray Barreras - Tucson AAMB 1995 Jon Laird - Phoenix AAMB 1996 Charter Member Neil Fendly - Phoenix AAMB 1997 Brad Gephardt - Tucson AAMB 1998 Current Member Jim Kenny - Tucson AAMB 1999 Current Member Linda Wright - Phoenix AAMB 2000 Current Member Randy Howell - Phoenix AAMB 2001 Current Member Carolyn Drake - Phoenix AAMB 2002 Rocke Andrews - Tucson AAMB 2003 Current Member Bill Howe - Phoenix AAMB 2004-2005 (18 mo. term ending 6/2005) Current Member Jody Davis - Phoenix AAMB 2005-2006 (July - June) Current Member Jerry Craig Sr. - Phoenix AAMB 2006-2007 Stan Lund - Phoenix AAMB 2007-2008 Mark Trongziger - Tucson AAMB/AzAMP 2009-2010 Dan Huss - Phoenix AzAMP 2010-2011 Current Member Paul Klimke - Phoenix AzAMP 2011-2012 Current Member Tina Rose - Phoenix AzAMP 2012-2013 Current Member Aaron VanTrojen - Phoenix AzAMP 2013-2014 Lisa Lund - Phoenix AzAMP 2014-2015 Current Member Joseph Ashton - Phoenix AzAMP 2015-2016 Current Member Matt Oliver - Phoenix AzAMP 2016-2017 Current Member Ernest Jones AzAMP 2017 - 2019 State President |