Mortgage Bankers Association Of America

Programs: Meetings & conferencesmba's fiscal year 2017 (fy2017), ending september 30, 2017, saw more than 18,973 individual attendees at 19 conferences and meetings that provided attendees with timely information about the economy, business trends, technological innovation and legislative and regulatory changes and prospects. Mba conducted a successful annual convention in october 2016 in boston with 4,614 attendees. The cref/multifamily housing convention & expo was held in february 2017 in san diego with 3,203 attendees. Sponsorship and booth sales remained strong at the mba meetings with 542 companies exhibiting their products and services. In addition to the large annual convention expected from a major association, mba hosts 4 additional large conferences and expos each year as well as 14 more finely focused special interest conferences. The five large gatherings are the annual convention & expo, commercial real estate finance/multifamily housing convention & expo, national mortgage servicing conference & expo, national technology in mortgage banking conference & expo and national secondary market conference & expo. Specialized programs help participants gain knowledge and information in such areas as legal issues and regulatory compliance, commercial servicing, risk management, and accounting and financial management, each of these programs had strong attendance and is an important part of the membership value proposition for member companies. Several programs qualify in whole or in part for continuing legal education credit (cle), cpe and other continuing education credits.

advocacy for members and the industrymba continues to be the leading advocate for the entire real estate finance industry both in washington, dc and in state capitals. In 2017, the association provided thought leadership via a comprehensive gse reform proposal and "cfpb 2. 0," a detailed roadmap for new leadership of the bureau to combat "regulation by enforcement. " our legislative accomplishments included testifying four times on capitol hill before the house financial services and senate banking committees, enactment of several industry priorities (both residential and commercial/multifamily) in comprehensive regulatory relief legislation and tax reform legislation, and education and advocacy on a wide variety of other real estate finance issues. With regard to regulatory achievements, mba led the development and coordination of disaster recovery resources for homeowners and renters and advocated for regulatory policies to help our members assist their customers in disaster-affected areas. Mba submitted comment letters and provided guidance and substantive recommendations throughout the year to regulators, including hud, treasury, cfpb, the federal banking agencies, dol, and fhfa. The association also filed amicus briefs in numerous cases supporting the industry in disputes over important legal issues. In the commercial/multifamily real estate finance sector, mba's policy activities in 2017 supported our members' interests by furthering the objective of facilitating liquidity and capital availability for the commercial real estate finance market. Mba shared information and recommendations with the public and policy makers on a variety of policy issues affecting commercial and multifamily members, including: the potential impacts of tax reform; bank capital standards; life company risk-based capital standards, home mortgage disclosure act reporting requirements for multifamily mortgages, the implications of housing finance reform on multifamily finance, fha issues, flood insurance and appraisal matters. At the state level, we worked with numerous state mortgage banking associations on a wide variety of housing, licensing and real estate finance issues by providing data and policy analysis to support their efforts. In addition, mba developed model legislation to provide the framework for states to permit remote online notarizations.

membershipmba's growing membership includes businesses from all segments of the real estate finance industry. We ended 2017 with 2,364 total members, representing an increase of two percent year over year. Total membership dues for 2017 brought in $23. 0 million in revenue for the association.

educationmba education provided training to approximately 10,000 real estate finance professionals during the fiscal year ending september 30, 2017. The training to these individuals was delivered through roughly 400 program offerings consisting of both live and self-spaced courses. Student can access training through a mix of classroom courses and workshops, webinars and webinar recordings, resource guides, certification and designation programs, instructor-guided online courses, and web-based self-study courses. The courses cover both the single family/residential and commercial/multifamily real estate finance industries, with content ranging from introductory to advanced concepts. The largest and most time intensive offering is the school of mortgage banking (somb), which includes three distinct four-day classroom courses delivered several times a year in cities across the country. In this fiscal year, the department trained 1,123 student through 38 somb offerings.