The Future Mortgage Leaders Program of the MBA:
“is dedicated to identifying and cultivating the next generation of industry leaders by delivering a comprehensive leadership training experience for selected participants through three events offered throughout the year.”
For years, I owned my own mortgage company. I was more than happy to stay isolated within my own fiefdom, allowing others to take on the labor of advocacy and education for my industry. I was a passive participant in the future of my own industry. Upon moving to the fulfillment side, I discovered that there was a breadth to the industry that I really didn’t understand or appreciate. I discovered that there was a need for people that fundamentally understand the rigors of the mortgage market to assist with shaping the future of our industry.
Last year, I was honored to become one of the 40 odd alumnae of Future Mortgage Leaders for the MBA. After several projects in urban areas, like Oakland, Detroit and Miami, our class was presented with the task of presenting an economic development plan for Naval Station Roosevelt Roads in Puerto Rico. And while the work itself was fascinating on many levels, there was much more to be learned through the process.
The FML class is usually comprised of a broad cross-section of the industry. With the MBA selecting both the participants and the teams, they work to ensure that you are given not only the opportunity for success, but the enrichment by peers with entirely different perspectives and skill sets within the mortgage world. The alumnae group for the FML candidates was also very gracious in reaching out and offering guidance.
In the context of recent events, it is more evident now that ever the importance of this and similar education programs. For professionals who truly care about the future and want to succeed in this industry, a fuller understanding of the forces at work, the results of certain actions and our individual responsibility to uphold quality standards is key.
Participants in the Future Leaders Program:
- Get a strategic perspective of the future of the mortgage industry delivered by industry leaders.
- Learn about the federal legislative process and meet with their elected representatives in Congress at MBA’s National Policy Conference.
- Working in teams, develop a holistic approach to community economic development and its impact on housing and commercial development for presentation to economic development experts.
- Graduate at MBA’s Annual Convention and join a national network of professionals dedicated to the real estate finance industry.
