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Gold Awards FAQ
1. What are the minimum requirements to qualify?
2. How many credits do I need to qualify for the program?
3. How do I earn credits?
4. How much does it cost?
5. What about the GGF?
6. What are the different
levels of awards?
7. What do I get for being a Gold Award winner?
For Loan Officers outside of Atlanta:
8. I can't make it to Atlanta very often. Can my local seminars count for credit?
9. I didn't receive a report card. Why not?
10. How do I find out who my chapter president is?
Other
awards/questions:
11.
What about the President's Award? Can I qualify for that too?
12. What is the
"Rising Star" award?
13. What is the "Rookie of the Year" award?
14. Do I have to be a member of MBAG to participate?
15. What if I change companies?
16.
My question wasn't answered here. How can I ask it?
| 1. What are the minimum requirements to qualify? |
|
| 2. How many credits do I need to qualify for the program? |
| Each loan officer must accumulate a total of 5 credits to be eligible for awards. back to top |
| 3. How do I earn credits? |
| Credits are earned by attending seminars, luncheons, local chapter meetings, educational summits, convention classes, etc. Creditable events are held and publicized each year in advance. Ample opportunities are given to earn the required credits before the deadline. |
| 4. How much does it cost? |
| There is no inherent
cost to be enrolled in the program. Your enrollment is automatic when
you attend education events and request Gold Award credit. At that time, your name is placed in the Gold Award credit database and your email address is added to the mailing list so you will know about upcoming seminars, etc. Seminars are priced individually based on facilities, speakers, foodservice, and so forth. |
| 5. What about the GGF? |
| The GGF, or Good Government Fund, is MBAG's political action committee (PAC). Donations are made to candidates who support the interests of our industry. Each loan officer must contribute at least $100 to this fund each year in order to be eligible for Gold Awards recognition. |
| 6. What are the different levels of awards? |
| There are three basic levels of awards, based on volume: Gold: $12M-$24.9M or 120 units. Platinum: $25M-$49.9M or 250 units. Diamond: $50M + or 500 units. Volume must be accrued during one full year's production cycle (Jan.1-Dec.31), and must be verified by manager or senior loan officer. GAW credits must be accrued during the same 12-month period, as they do not carry over from year to year. |
| 7. What do I get for being a Gold Award winner? |
| As a Gold Award winner, you will receive: A commemorative trophy for your office Photo and volume level published in the official Gold Awards program booklet, and posted on the MBAG website for one year Photo and volume published in the Atlanta Business Chronicle Esteem among your colleagues *Note: Local chapters may have additional avenues of recognition. |
| 8. I can't make it to Atlanta very often. Can my local seminars count for credit? |
| If
you attend functions in chapters outside
the
Atlanta area, your local MBAG
Chapter meetings may be counted for one credit each.
Additionally, training seminars sponsored and/or required by your
employer may be eligible for Gold Award credit. |
| 9. I didn't receive a report card. Why not? |
| Loan
officers in chapters OUTSIDE the
Atlanta area
will NOT receive pre-printed
report cards from the association office. The state office maintains
state and Atlanta (AMBA) records on a contractual basis, and therefore
can only send report cards to those loan officers who have attended
state level
or Atlanta-area
functions. However, the association office DOES provide a special chapter form, to be completed by each loan officer individually. These will be distributed to each Chapter President at the beginning of each Gold Awards reporting cycle. Contact your local Chapter President for this form. |
| 10. How do I find out who my chapter president is? |
MBAG
Chapter President names and contact information can be found on the
Chapter Presidents' page of our website, www.mbag.org.
Click the
"Chapter Presidents" tab at the top of any MBAG webpage to be taken there.
|
| 11. What about the President's Award? Can I qualify for that too? |
Eligible recipients may also qualify for this additional honor by completing the following three requirements: 1. Serve on (and actively participate in) the state-level Board of Governors or state-level committee (Local chapter Board of Governors if outside the Atl. Metro area. Local committees do not qualify) 2. Work one full day in service to the MBAG Foundation's (Lend-A-Hand) project for that year. (Local chapters may work in similar housing-related projects for this credit, subject to Board approval.) *Note: If no project is scheduled for the current year, you may make a $100 donation to the Foundation in lieu of participation. 3. Attend Lobby Day at the State Capitol building. (Typically held each February.) All requirements subject to verification by
MBAG.
Presidents
Award requirements are in addition to normal Gold Award
requirements. |
| 12. What is the "Rising Star" award? |
This award was added in 2007 to recognize newcomers in the industry. To achieve this status, the qualifying loan officer must not have begun as a loan officer more than 6 months prior to the calendar year. The volume requirements are somewhat lower for this award: $10M or 80 units. The other GAW requirements (5 credits, GGF contribution) are the same. |
| 13. What is the "Rookie of the Year" award? |
There
is only one Rookie award per cycle. The loan officer must be
specifically nominated by their company for the award. It must be
someone who is new in the business and who has met the criteria for
the Gold Awards in their first year in the industry. If more
than one nomination is received, the PC committee will make a
determination on the winner. |
| 14. Do I have to be a member of MBAG to participate? |
Yes.
Only loan officers employed by MBAG-member companies are eligible for
recognition in the Gold Awards program. The good news is that MBAG
memberships are company-wide- If your employing company is a member of
MBAG, you are automatically a member too! |
| 15. What if I change companies? |
|
No worries. As long as you transfer to another MBAG-member company, your credits will follow you!
|
| 16. My question wasn't answered here. How can I ask it? |
|
You can contact us at any time for any questions not answered here.
Just send email to the association office, or contact us at 478-743-8612. |
|
Content © 2009 by Mortgage
Bankers Association of Georgia, 478-743-8612. All Rights
reserved.
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