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NAMMBA | Answers To Your Questions

Find your answers here. We are here for our members, partners, sponsors, and clients. If you ever have any questions, just let us know at info@nammba.org

 
 
Frequently Asked Questions (FAQs)
 
 
 

You Have Questions - We Have Answers

Frequently Asked Questions


ABOUT NAMMBA

NAMMBA is…

NAMMBA is the National Association of Minority Mortgage Bankers of America. And you can be a part of it! Everything we do at NAMMBA is directed toward the goal of creating a more diverse, equitable, and inclusive housing ecosystem and market. To that end, we dedicate our resources to increasing the engagement of women and minorities in the mortgage industry through training, leadership, networking, and mentorship.

Our mission is to engage, educate, and develop the careers of women, minorities, and their allies in the mortgage industry. We believe that by positioning them to become leaders within the Real Estate and Finance industry at the local, state, and national levels, we can successfully create a financially viable and a healthier homeownership ecosystem that more accurately reflects the population our industry serves.

NAMMBA is here for everyone.

While we are dedicated to the inclusion of minorities and women in the mortgage industry, planting the seed for change at the local, state, and national levels, we are also interested in advocating for sustainable homeownership in local communities that have been historically underserved.

The good news is that this underserved market is highly viable, with the necessary credit scores and income to more than justify adding it to your existing strategy. And NAMMBA is here to help build the road forward, to help each of you get a larger piece of a larger pie you may not have known existed. And this is all done while helping those same underserved markets get the access they rightly deserve. It’s a win-win!

How NAMMBA benefits everyone.

All mortgage professionals deserve an opportunity to grow and develop their own skills within the industry, while making a positive contribution to their respective institutions. See our Professional Development page for more information.

NAMMBA supports every member by:

  • Providing education, development, networking, and mentoring opportunities to women, minorities, and their allies. All identities are welcome to dive in and create a more robust and diverse mortgage industry by leveraging CRA/LMI goals as profit strategies. And we are going to use diversity, equity and inclusion to get the job done.
  • Facilitating business relationships among mortgage banking firms, industry stakeholders, realtors and brokers, and other housing industry professionals to create a stronger mortgage banking ecosystem and expand business opportunities for individuals and businesses.

NAMMBA is a local and national organization.

There are more than 30 local NAMMBA chapters throughout the United States, focused on supporting members and their careers, and providing networking opportunities.

Each local chapter has an affiliate relationship with NAMMBA National and is governed by the bylaws created on the national level. The bylaws establish who can join, how to run elections, and all the other details of how a chapter conducts its business.

NAMMBA is governed by people just like you.

NAMMBA’s national board of directors are mortgage professionals and other practitioners within the mortgage industry who are dedicated to fulfilling the mission and the promise of NAMMBA. They provide financial oversight, ensure adequate resources are available, and oversee the ethical integrity and accountability of the organization’s programs and services.

A Corporate Board of Directors (CBOG) acts as an advisory board for the Board of Directors.

Chapter leadership is voted on locally by each chapter as they see fit. Chapters are self-governing.

NAMMBA is EVERYWHERE!

While our HQ is in Orlando, FL, we have affiliate membership chapters in every major city in America. Check out our current chapters map. If there isn’t a chapter near enough to you, you should think about starting one with our support.

ABOUT MISSION 2025

We are on a mission to prepare 50,000 students for careers in the real estate and finance field by 2025. The idea is that with more engagement on university and college campuses, the mortgage industry can become the career of choice for students who may not have given it much thought. We want to capture the creativity and bold thinking of students while they are still on campus and help them to choose a career in the housing industry.

Talent Hub is an online tool helping students prepare for professional careers in the mortgage industry with access to financial education, mentorship, entry-level jobs, and more. For more information, contact us at: info@nammbaconsulting.com

NextGen is all about creating a real talent pipeline from college campuses around the country. Find out how you can benefit.

MEMBERSHIP

How NAMMBA benefits you. At NAMMBA, we align all our resources to deliver the following to our membership:

Professional and Business Development - Do more and be more with an assist from NAMMBA. Not only can we help with training, but we also offer certifications, leadership opportunities, and mentorships so that you can truly grow your role in the direction you want.

Networking Opportunities - Build your professional network with companies and people that share ideas, experiences, and values with you. From NAMMBA local chapters to regional and national networking events like CONNECT, we give you the chance to do business with people and companies anchored in the idea that the mortgage industry can be a force for good, creating generational wealth for everyone.

Leadership - Not only do we coach and lead leadership training, but we advocate for you to step up into the leadership role of mentor, sponsor, keynote speaker, and maybe even board member of NAMMBA. The opportunity to grow your current role into becoming a leader in lending is limitless with NAMMBA.

Not only that, you get a huge range of membership benefits!

For more information, contact us at: info@nammba.org

Membership isn't free...but it won't break the bank.

Membership only costs $80 per year. With that individual membership, you get access to our online assets, including live calls, webinars, and training. You also get access to your local in-person chapters, discounts on training, networking events and so much more.

NAMMBA Membership is for you, even if you aren’t a minority.

Membership in NAMMBA is for anyone who has an interest in bettering the industry…including real estate agents, title companies, lawyers, brokers, inspectors, developers, the list goes on and on. If you think, like we do, that creating a more diverse workforce will allow the industry and its affiliates to better serve a more diverse client base, delivering a better experience for businesses and their communities, then you should join us.

If you think more ideas and perspectives are better than one, sign up.

If you think that supporting change will create a more sustainable way to grow generational wealth across America and support long-term clientele, we need you. Membership is for you. Sign up on our membership registration page.

Starting a local chapter.

We are all about giving members the opportunity to showcase their leadership in their community. What better way to do that than to start a NAMMBA chapter in your city?! Be sure to check out our current chapters to confirm there is a need, and then contact us at info@nammba.org to get started.

PARTNERSHIP

Partnership is reserved for companies that are stakeholders in the real estate and mortgage finance industry.

We accept as a Partner any business that has a stake in the future of the mortgage industry. That means EVERYONE from mortgage lenders to real estate lawyers, home inspectors to fintech companies, and realtors to appraisers.

If you have a vested interest in the success of the future of the housing market in America, we want to talk to you about how you can make a huge impact.

For more information, contact us at: corporatesolutions@nammba.org

Different perks for different levels of Partnership.

We offer multiple tiers of Partnership, allowing even the smallest investment to make the biggest impact. Check out our Partnership tiers by requesting our partnership brochure.

Is an event sponsorship too much, but you still want to get involved? Then consider participating in Mission 2025.

SPONSORSHIP

You can be an event sponsor! Want to get in front of a huge group of talented, ambitious, and thoughtful real estate and mortgage industry professionals? You can be a sponsor. It doesn’t matter if you are a one-person fintech startup, a real estate company, or a 2,000 person credit management service. Check out our sponsorship options here.

For more information, contact us at: corporatesolutions@nammba.org

Our networking events happen year-round. All year round, CONNECT travels to regional hubs across the United States, providing networking, education, relationship building, and promotional opportunities to our members, partners, and event sponsors. Our national CONNECT event caps off the CONNECT Tour by bringing in leaders in lending from across the country for a huge 3-day event, with everyone that is someone in the industry present and accounted for. Check out this year's tour and final event!

You can even sponsor a chapter! You can sponsor a professional chapter in your area or a NextGen chapter on a university or college campus. We can show you how! info@nammba.org

THOUGHT LEADERSHIP EVENTS

You can host a thought leadership event.

As a perk of being a partner at the Silver level, you can get in front of our entire membership by presenting digital thought leadership webinars on the NAMMBA-approved topic of your choice. That means your name, your company, and your product or services are out in front of thousands of prospective users and advocates. Visit www.nammba.org/thought-leadership-events for more information.

Make your case for your thought leadership topic.

We like to keep the focus on the mortgage lending industry. Anything that you can teach our membership about current market forces, DEI topics, pending legislation, the state of the economy, etc., we are up for. Just keep in mind that we want to hear the whole pitch before we put it in front of our membership.

For more information, contact us at: marketing@nammba.org

Thought leadership at CONNECT events is on the table.

Partners are encouraged to participate in and be present at CONNECT events, allowing the people they may have presented to over a webinar the opportunity to establish a real rapport. Let us know if you have an idea that you think is fit for an in-person presentation! info@nammba.org

NAMMBA CONNECT: The Ultimate Experience

NAMMBA CONNECT National will blow your mind!

This national event brings together our members, partners, sponsors, and mentors for a 3-day networking event extravaganza. Alongside thought leadership events, panel discussions, workshops, and awards ceremonies is an exhibition hall for all the latest and greatest in the industry. Get your tickets and find the agenda that fits your interests.

VISIONARY/MENTORSHIP PROGRAM

You can be a Visionary.

Good mentors come from every step along a career path. While we recognize that someone who has had 40 years in the business has a long perspective to pull from, someone who has 10 or even 5 years of experience in the industry can be a valuable resource to the right mentee. We should have a conversation to find out if this is the right next step for you.

Being a Visionary takes commitment.

Would you value a relationship with a professional who couldn’t make time for you? We don’t think so. That being said, your conversations with your mentee - frequency and duration - are really up to you and your mentee to manage. 

NAMMBA does ask that as a participant in the Visionary Program, you attend a monthly hour-long call with your peer mentors to offer support and feedback and to ask your own questions if your mentee has you stumped. 

The Visionary Program is about supporting our mentors just as much as our mentees, and we can’t do that without you!

Mentorship should be a safe space.

As much as we would love to support you in mentoring your own employees, we have found that mentoring someone outside your organization is a much more beneficial relationship for both mentor and mentee. The mentee can ask questions that won’t have a direct impact on their career, and the mentor can freely assist with touchy subjects involving HR, salary, etc.

You can be a Visionary and have a mentor, too!

Every professional should have someone that they can turn to for sage advice. One of the best things about NAMMBA’s Visionary Program is that while you are guiding future leaders, you are also connecting with your peers who are leaders in the industry…and you might find someone who can guide you!

Your mentee can be around the block or across the country.

Thanks to online video conferencing, we can offer mentorship that reaches every state.

OTHER

We’re happy to help!

If you have any questions that haven’t been answered here, feel free to send us your questions at info@nammba.org.