After Long Search, MBA Finds New Leadership

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A nine-month search for a replacement for David H. Stevens as president and
CEO of the Mortgage Bankers Association (MBA) ended today with the selection of
Robert D. Broeksmit.
  Broeksmit is a Certified Mortgage Banker (CMB)  and current president and chief operating
officer of Treliant Risk Advisors, a financial services consulting firm.  He has also held a series of senior
leadership positions during a 33-year career in the mortgage industry,
including serving as president of B.F. Saul Mortgage
Company, executive vice president of Chevy Chase Bank and a vice president at
Prudential Home Mortgage.  He is a past
member of MBA’s Board of Directors, served as Chairman of MBA’s Residential
Board of Governors and was Chairman of the American Bankers Association’s
Mortgage Markets Committee. 

“I have worked in mortgage banking since the
mid-’80s and am honored and humbled to be selected for this role,” said Bob
Broeksmit.  “Our industry, particularly on the residential side, is facing
headwinds, and I look forward to working with the MBA team to address all
business, legislative, and regulatory issues ahead of us to ensure the
residential, commercial, and multifamily real estate markets remain healthy and
vibrant.”

The new MBA head was identified by a search
committee of 12 volunteer MBA members, chaired by MBA immediate past Chairman,
Rodrigo Lopez.  MBA’s
Board of Directors ratified the search committee’s recommendation at a meeting
on Thursday.  

Stevens, who joined MBA in March 2011 directly
from a position of Assistant Secretary of the Department of Housing and Urban
Development and Commissioner of FHA, announced his retirement last
October.  He is due to leave his position
in September.  Broeksmit will begin his
job on August 20, providing several weeks of collaboration with Stevens to
ensure a smooth transition.

Stevens said, “I’ve known Bob for over a decade,
and he is an excellent choice to lead MBA.  Bob brings a deep
understanding of how the industry works and understands the needs of our
membership.  It has been my honor to work
with MBA’s members and the great team at MBA these last seven years, and I look
forward to working with Bob to ensure a seamless and successful
transition.”  



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