Mortgage Bankers Association

The Mortgage Bankers Association (MBA) is the United States national association representing all facets of the real estate finance industry. Headquartered in Washington, DC, MBA represents over 3,000 member companies nationwide in an industry that employs approximately 350,000 people[1]. MBA’s membership base includes all sectors of the real estate finance industry including originators, servicers, underwriters, compliance personnel and information technology professionals representing mortgage companies in the residential, commercial and multi-family arenas.



MBA is headed by David H. Stevens, President and Chief Executive Officer. Michael D. Berman, Certified Mortgage Banker and President of CW Capital, is the association's Chairman. [2]

Lobbying Activity

The Mortgage Bankers Association has a political action committee called Mortgage Bankers Association Political Action Committee (MORPAC)[3]. MORPAC raises money to help elect and re-elect candidates to Congress who have an understanding of the real estate finance and housing industries, and who are supportive of the mortgage profession. The lobbying group is headed by Bill Killmer, Senior Vice President of Legislative and Political Affairs.


The MBA offers training and continuing education to mortgage professionals. It is also active in educating consumers.


CampusMBA is the education division of the Mortgage Bankers Association. It provides learning solutions for mortgage professionals. CampusMBA offers programs in various formats including distance learning, live online workshops, classroom-based courses, corporate training and several books and other resources.

CampusMBA offers industry certifications and designations, including the following:

  • Certified Mortgage Banker (CMB)
  • Accredited Mortgage Professional (AMP)
  • Certified Loan Officer (CLO)
  • Certified Mortgage Servicer (CMS)
  • Certified Residential Underwriter (CRU)

School of Mortgage Banking

Since 1948, the Mortgage Bankers Association has been offering courses through The School of Mortgage Banking (SOMB) to the real estate finance community. SOMB is a series of three four-day courses, now administered by CampusMBA - the educational division of MBA created in 2000. The courses offer comprehensive instruction in specific aspects of the mortgage banking industry. Graduates of SOMB receive the Accredited Mortgage Professional (AMP) designation upon successful completion of the courses.

Home Loan Learning Center

The Home Loan Learning Center is a consumer education website providing financial literacy information on topics such as credit reports and scores, the true cost of owning a home and how to compare the costs of owning versus renting a home. The site includes information on how to qualify for a loan, what the documents mean, what's included in the mortgage payment. It also has mortgage calculators to help consumers plan their payments.

MBA Publications

Mortgage Banking is the association’s flagship monthly magazine publication.

MBA Newslink is a daily online industry publication.

MBA Commercial/Multi-Family Newslink is a weekly online publication for the commercial and multi-family markets.


The Mortgage Industry Standards Maintenance Organization (MISMO), a not-for-profit subsidiary of the Mortgage Bankers Association (MBA), is the leading technology standards development body for both the Residential and Commercial industry segments. MISMO promotes data consistency throughout the broader industry, reduces processing costs, increases transparency, and boosts investor confidence in mortgages as an asset class, while passing cost savings on to the consumer.[4]

Default on Headquarters Loan

In October of 2009, the MBA announced that it had sold its headquarters in Washington, D.C. for $41.3 million. It originally purchased the building in 2007 for $79 million, $75 million of which came from financing from a group of banks headed by the PNC Financial Services Group. When asked if the MBA would strategically default on the loan, its CEO declined to comment. It now rents offices nearby.[5]

This was featured on The Daily Show on October 7 2010 contrasting the MBAs actions with statements made by its representatives claiming that strategic default is morally wrong. MBA operatives refused to make any comment to the program.


External links

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Mortgage Bankers Association (MBA) — Ассоциация ипотечных банков национальная ассоциация предоставляет информацию о покупке домов, финансовые и рыночные данные, новости промышленности. Ассоциация, представляет финансовую индустрию  рынка недвижимости, в которой задействовано более … …   Финансовый словарь

  • Mortgage Bankers Association - MBA — The national association that represents the real estate finance industry. The Mortgage Bankers Association, headquartered in Washington is frequently referred to as the MBA. The MBA works to help their members conduct business of single and… …   Investment dictionary

  • Mortgage Bankers Association's National Delinquency Survey - NDS — A voluntary survey of over 120 mortgage lenders, including mortgage banks, commercial banks, thrifts, savings and loan associations, subservicers, credit unions and life insurance companies, aimed at measuring the overall non payment of mortgage… …   Investment dictionary

  • American Bankers Association — The American Bankers Association (ABA) is a free trade and professional association that promotes and advocates issues important to the banking industry in the United States. The ABA s national headquarters are in Washington, D.C. In addition to… …   Wikipedia

  • Mortgage fraud — is crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender or borrower known the truth. In United States… …   Wikipedia

  • Mortgage industry of the United States — Historical U.S. Prime Rates The Mortgage industry of the United States is a major financial sector. The federal government created several programs, or government sponsored entities, to foster mortgage lending, construction and encourage home… …   Wikipedia

  • Mortgage — A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on the… …   Wikipedia

  • Mortgage broker — A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. However as markets for mortgages have become more… …   Wikipedia

  • Subprime mortgage crisis — Part of a series on: Late 2000s financial crisis Major dimensions …   Wikipedia

  • Commercial mortgage — Finance Financial markets Bond market …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.