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Important Membership Update from CMLA - 2021 Membership Dues Tier Changes

Published: January 30, 2021

 

 

 

 

 

 

 

 

CMLA Membership Update
January 29, 2021
 
Important Changes to CMLA's Membership Dues
 
Since 1956, the Colorado Mortgage Lenders Association (CMLA) has served as the voice of the mortgage industry in Colorado. We have spent the last 65 years building relationships with legislators, regulators, and other housing-related trade associations at the state and federal level to ensure the mortgage industry in Colorado continues to thrive. The regulatory environment has changed drastically in the last 13 years and the industry must remain diligent and engaged to ensure we can continue providing stability to our communities through sustainable homeownership.
 
The strength of our voice as an industry is greater than any individual's voice and CMLA's membership base is the most effective tool we have for expressing the strength of our industry while advocating at the Capitol. Thank you to all of CMLA's members for your support and for making your voice heard through your membership.
 
After more than 15 years with minimal changes to our membership dues, CMLA's Board Members recognized the need to modernize the organization's membership dues tiers and provide a more equitable means for calculating membership dues. The changes we outline in this message will align our membership dues with other state associations in the mortgage industry and provide CMLA with the financial support needed to continue serving the industry for another 65 years.
 
Please take the time to review the membership dues changes outlined in this message and feel free to reach out to our membership team, membership@cmla.com or (303) 773-9565, with any questions you may have regarding these changes.
 
Sincerely,
 
Wes Phillips
Executive Director
(303) 773-9568
wes@cmla.com
 
What is Changing with Membership Dues?
 
Beginning March 1, 2021, the following changes will be made to CMLA's membership dues structure:
 
  • All membership cycles will be based on a calendar year.
  • Renewal payments will be due by the end of February each year.
  • Lender tiers will be calculated by the greater of the company's annual production or servicing volume in Colorado during the prior calendar year.
  • Affiliate tiers will be determined by the type of products or services provided to the industry.
    • Companies that are paid through the mortgage transaction such as Title Companies, Appraisers, AMC’s, Mortgage Insurance Companies, Credit Reporting Agencies, Remote Online Notary Providers, and Warehouse Lenders, will transition into the Mortgage Product Provider tier.
    • Other affiliate members such as Tech Providers, Consultants, Attorneys, and Insurance Agents (Homeowners or Business Lines), will transition into the General Service Provider tier.
 
What happens to the dues I paid for my current membership cycle?
 
  • Members will complete their current membership cycles before switching to the new calendar year renewal period.
  • Membership renewals processed after March 1, 2021 will be billed a prorated dues amount through December 31, 2021.
  • Members will receive renewal notices in January for the 2022 calendar year.
  • 2022 membership dues will be due by February 28, 2022.
 
Membership Dues Tiers Effective March 1, 2021:
 
Membership Dues Tiers
What are the Benefits of CMLA's Membership?
 
CMLA is recognized as the leading voice of the industry throughout Colorado and nationally since 1956. We provide the highest quality education and networking opportunities for the mortgage industry and the general public. CMLA's Forums provide industry leaders with an opportunity to share information and ideas about succeeding in the mortgage industry. In addition, CMLA retains a professional lobbyist to promote the legislative interests of its membership.

Along with our strong membership base, there are top industry leaders among CMLA's ranks. We facilitate functional long-term relationships with governing regulatory agencies, and have committed leadership from the Board of Governors, Board of Directors, and the Former Chairman's Circle.