Chicago, IL – October 23, 2012 – (RealEstateRama) — Bill Cosgrove, CMB, President and CEO of Union National Mortgage Co. of Strongsville, OH, was today was sworn in as Vice Chairman of the Mortgage Bankers Association (MBA) during the association’s 99th Annual Convention & Expo in Chicago.
A Certified Mortgage Banker (CMB) and a longtime and active MBA member, Mr. Cosgrove has served as a member of MBA’s Board of Directors, on MBA’s Legislative Steering Committee and on its Residential Board of Governors (RESBOG) Advisory Committee. During the 2009-2010 election cycle, he served as Chairman of MORPAC, the industry’s political action committee, raising more than $1 million to bolster MBA’s advocacy efforts.
Mr. Cosgrove was the 2011 recipient of MBA’s Burton C. Wood Legislative Service Award, given annually to an MBA member in recognition of his or her sustained superior service to the association and the real-estate finance industry as a whole. He has also served as Chairman of MBA’s GSE Repurchase Request Task Force and was Co-Chairman of the Loan Originator Qualification Task Force. In addition, Mr. Cosgrove has served as President of the Ohio MBA.
After joining Union National in 1994, Mr. Cosgrove was named company president just three years later. He then went on to purchase Union National in 1999. The company will close over $1 billion in lending this year.
In 2000, Mr. Cosgrove was recognized on Crain’s Cleveland Business “40 under 40” list. In 2003 he was inducted into the Bedford High School (Ohio) Hall of Fame. Mr. Cosgrove has testified for the industry before Congress and the Ohio State House. Mr. Cosgrove started his career as a Loan Officer and has over 26 years experience as a mortgage banker.
In addition to Mr. Cosgrove, MBA members also elected Debra W. Still, CMB, President and Chief Executive Officer of Pulte Mortgage LLC, as the 2013 Chairman and Mr. E. J. Burke, Executive Vice President and Group Head, KeyBank Real Estate Capital and Corporate Banking Services as Chairman-Elect of MBA. All three officers will serve for the 2012-2013 membership year.
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 2,200 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: www.mortgagebankers.org.