Mortgage Industry Trends

It’s Not All About the Bottom Line

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MLK-Marting-luther-king-mortgage-industryEvery once in a while, we should step back and take a look at the big picture. Take a little break from loan production goals, operational issues, training, staff management, and regulatory affairs. Take a breath and keep in mind what’s really important.

Today is one of those days. A day to remember and honor Dr. Martin Luther King Jr. and all he brought to the table. A man who was a hero in the truest sense and meaning of the word.

With all the upheaval and turmoil in the world, we need to step back and reflect on ourselves, what we do, how we do it, and how we treat and affect each other.

It’s not that difficult. It’s a matter of doing what’s right, for all the right reasons, because it’s the right thing to do.

 Pretty simple, right? Then why do we have so many problems?

In the words of Dr. Martin Luther King Jr.,

“​I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality… I believe that unarmed truth and unconditional love will have the final word.”

At least for today, and hopefully every day, let’s remember to do our very best and to live by these words and the preaching of Dr. King. Let’s seek to find the common ground on which we can all stand tall, together as one, for the good and the benefit of all.

On this day let’s remember Dr. Martin Luther King Jr. for the man and the hero he was. Let him be an inspiration to us all.

Michael Vitali

About the Author

Michael Vitali

Michael L. Vitali – Independent Consultant to the Mortgage Industry Mike Vitali is an independent consultant to the mortgage industry on matters concerning compliance and mortgage lending. He most recently served as the Senior Vice President and Chief Compliance Officer for LoanLogics, monitoring regulatory developments and their practical implications for the mortgage lending industry. His duties included research, interpretation, and analysis of existing and proposed legislation related to the industry in support of recommendations for policy and/or procedure changes to maintain continued quality and compliance with all applicable laws, rules and regulations, investor requirements, and standard mortgage practices. In his more than 40 years in the mortgage industry, in senior level management, he has gained experience in all areas of mortgage lending, risk management, and compliance. Mike is a past President of the MBA of Greater Philadelphia, is a charter member and was the second Chairman of the MBA of Pennsylvania, and a past board member and Legislative Chair of both associations. He is a recipient of the 1998 Mortgage Banker of the Year Award from the MBA of Greater Philadelphia, and the 2003 Chairman's Award from the MBA of PA, and currently serves on several compliance related task forces for MBA.
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Michael Vitali

About Michael Vitali

Michael L. Vitali – Independent Consultant to the Mortgage Industry Mike Vitali is an independent consultant to the mortgage industry on matters concerning compliance and mortgage lending. He most recently served as the Senior Vice President and Chief Compliance Officer for LoanLogics, monitoring regulatory developments and their practical implications for the mortgage lending industry. His duties included research, interpretation, and analysis of existing and proposed legislation related to the industry in support of recommendations for policy and/or procedure changes to maintain continued quality and compliance with all applicable laws, rules and regulations, investor requirements, and standard mortgage practices. In his more than 40 years in the mortgage industry, in senior level management, he has gained experience in all areas of mortgage lending, risk management, and compliance. Mike is a past President of the MBA of Greater Philadelphia, is a charter member and was the second Chairman of the MBA of Pennsylvania, and a past board member and Legislative Chair of both associations. He is a recipient of the 1998 Mortgage Banker of the Year Award from the MBA of Greater Philadelphia, and the 2003 Chairman's Award from the MBA of PA, and currently serves on several compliance related task forces for MBA.
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