Robert E. Story Jr., CMB, Sworn in as MBA Chairman

San Diego, CA - October 13, 2009 - (RealEstateRama) — Robert E. Story Jr., CMB, President and Chief Executive Officer of Seattle Financial Group, today was sworn in as the 2010 Chairman of the Mortgage Bankers Association (MBA) at the association’s 96th Annual Convention & Expo in San Diego.Active in the mortgage banking industry since 1982, Story joined Seattle Mortgage after serving as a construction manager for a real estate development firm. For the last decade he has managed all aspects of the company’s residential loan production, construction lending and commercial loan brokerage.

Today, Story is President and Chief Executive Officer of Seattle Financial Group, parent company to Seattle Mortgage, Seattle Savings Bank, Seattle Capital and Seattle Escrow.  He oversees the management of these business units to ensure strategic alignment with the company’s overall goals.  Story also oversaw the development of the company’s reverse mortgage division, which grew to become the nation’s third largest originator of reverse mortgages prior to its acquisition by Bank of America in 2007.

Story has been an active member of the MBA for over two decades and currently serves on its Board of Directors. He is a former Chairman of the Residential Board of Governors (RESBOG), has served on several committees including MORPAC (the Mortgage Bankers Association Political Action Committee) and as president of the Washington Mortgage Lenders Association.

Story received a bachelor’s degree in business administration and a management program certificate from the University of Washington in Seattle. He also earned MBA’s CMB designation and is a graduate of MBA’s Future Leaders Program.

Story currently serves on the board of directors of Seattle Financial Group and Seattle Bank.
In addition to Story, MBA also elected Michael D. Berman, CMB, President and Chief Executive Officer of CW Capital, as Chairman-Elect of MBA and Michael W. Young, Chairman of the Board of Cenlar FSB, as Vice Chairman of MBA. All three officers will serve for the 2009-2010 membership year.

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA’s Web site:  http://www.mortgagebankers.org/

 

 

 

USGBC - U.S. Green Building Council

HUD - U.S. Department of Housing and Urban Development

NAR - National Association of REALTOR

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FHFA - Federal Housing Finance Agency

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MBA - Mortgage Bankers Association