It wants to secure independent brokers a seat at the big table
The Association of Independent Mortgage Experts (AIME) has announced the creation of the Broker Action Coalition Political Action Committee (BACPAC).
In a statement, the trade association said now is the most crucial time for the wholesale channel’s voice to be heard at the highest levels of government. The BACPAC, representing AIME members on Capitol Hill, aims to give wholesale mortgage professionals a “much a needed, and historically overlooked, role in mortgage legislation.”
“This PAC is a bipartisan initiative that uses voluntary contributions to help amplify, defend, and promote the interests of the wholesale broker channel to support a variety of initiatives, including updating federal regulations, addressing veteran and minority homeownership challenges and equalizing channel discrepancies,” AIME said in its release.
“Today is a great day to be a mortgage broker, but it’s also a great day to be a homebuyer. Our victory with HB 809 in Maryland is one that directly benefits both veterans and their communities,” said Katie Sweeney, CEO of AIME. “Today’s PAC launch means a lot more wins are on the horizon, and the overwhelming success of yesterday’s BACPAC launch proves that we have a collective voice that’s hungry for change.”
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“Our industry is growing,” said AIME’s president of advocacy Brendan McKay. “We need to make sure our influence grows along with it. Brokers are people who are willing to go to bat for their beliefs and for their customers. This PAC gives them a chance to do so politically in a way that will have a real effect on their lives. The broker channel has finally gotten a chance to speak, and we’re going to speak loudly.”
“We are protecting the future of brokers – today, tomorrow, and for 20 years from now,” Sweeney added. “We are advocating for the wholesale mortgage originator every single step of the way, and there’s no better time to join the fight than right now.”
