From Advocacy to Action: The Push for Trigger Lead Legislation

Loan Officer Freedom

Carl White

Mortgagemarketinganimals, Business, Loanofficer, Getmoreloans, Freedom, Mortgage, Loanofficercoaching, Carlwhite, Education, How To

5 • 743 Ratings

🗓️ 18 April 2025

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to Loan Officer Freedom, the #1 podcast in the country for loan officers, hosted by Carl White.

In this episode, your hosts, Carl White and Owen Lee dive into the latest updates on the mortgage industry, focusing on the recently introduced trigger lead bill in Congress.

Owen shares key highlights from the Mortgage Bankers Association's advocacy conference, revealing strong bipartisan support for the bill aimed at regulating trigger leads.

They also discuss the implications of this legislation, the role of AI in the industry, and the potential timeline for its passage.

Don't miss this engaging conversation that sheds light on the future of mortgage lending!

Schedule a one-on-one free coaching call, click here or visit LoanOfficerStrategyCall.com.

Transcript

Click on a timestamp to play from that location

0:00.0	So is it good news? Is it bad news or is it no news?
0:14.1	I think there's more good news than bad news.
0:18.0	It's the mortgage industry in 2025, so there's always some challenge, but definitely
0:24.8	more good than bad this week anyway. All right, so we're talking with Owen Lee, and he gave
0:32.4	us an update on the breakfast club. We thought we'd do it again here for those of you on the West Coast that
0:39.1	530 is a little too early in the morning to get on breakfast club or so you think, but what you're
0:45.7	missing out on is just enormous. We have a really good time on there and a lot of great information.
0:50.2	But this morning you were giving us the trigger lead update.
0:57.0	And so kind of fill us in here.
1:01.0	So some long awaited news, I would say, last Thursday, the NBA trigger lead bill dropped on Thursday, April the 10th. It was introduced into Congress.
1:16.7	And really, with a lot of momentum. You know, if you recall, the Mortgage Bankers Association had their advocacy conference at the beginning of last week.
1:28.8	They had 550 people at the advocacy conference in Washington, D.C.
1:34.5	We heard from a lot of lawmakers and HUD Secretary Scott Turner.
1:40.9	And there is widespread support for our trigger lead bill. As of today, the day we're
1:50.4	recording this, the bill has been introduced for a week. We have 34 co-sponsors in the Senate,
1:58.5	Republicans and Democrats alike, of all different political stripes.
2:03.6	And that's pretty, gosh- dang, impressive to get over one-third of the Senate to co-sponsor a bill in a week.
2:12.6	On the House side, we have 45 co-sponsors of the bill.
2:18.3	I would guess that we would be racking up more numbers over there.
2:24.3	We were close to half of Congress, co-sponsoring the bill at the end of last year.
2:30.3	So really strong, right out of the gate. It's basically the same bill.
2:37.6	A little bit of language change around Opt-ins, but it's basically the same bill.
	...

Transcript will be available on the free plan in 21 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Carl White, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Carl White and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.