MBA Awards Over $120,000 in Path to Diversity and Inclusion Scholarships in 2017

MBA Awards Over $120,000 in Path to Diversity and Inclusion Scholarships in 2017

WASHINGTON, D.C. (January 8, 2018) – (RealEstateRama) — The Mortgage Bankers Association (MBA) today announced that it awarded $121,283 in scholarships in 2017 to 102 minorities and women under its Path to Diversity & Inclusion Scholarship Program. The scholarship recognizes existing industry professionals from diverse backgrounds who are seeking to advance their careers through continuing education.

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“Continuing education is critical to career advancement and the retention of top talent in a complex industry like real estate finance,” said David H. Stevens, CMB, President and CEO of the MBA. “We are honored to be able to enhance diversity and foster a more inclusive environment by offering these scholarships.”

The scholarships were funded in 2017 by a donation from the Research Institute for Housing America (RIHA) and from revenue generated by MBA’s 2016 Diversity & Inclusion Summit.

To be eligible for the Path to Diversity & Inclusion Scholarship, individuals must meet the following criteria:

  • Is part of one or more of the following under-represented groups:
    • Non-white or bi-racial
    • Lesbian, Gay, Bisexual or Transgender
    • Female
  • Is currently employed by an MBA member firm or state MBA member firm
  • Has worked a minimum of two years in the mortgage industry, or has broad experience in a related field with some focus in real estate finance, or has post-high school education related to the real estate finance industry, to include training to obtain a license, company-sponsored training, or MBA or other professional education

Recipients receive a voucher to cover course registration fees, up to a maximum of $2,000, for any of the following MBA Education programs and courses:

  • School of Mortgage Banking (SOMB), Courses I, II, or III
  • Other classroom offerings, including but not limited to Advanced Servicing Workshop and Multifamily Property Inspection Workshop
  • Future Leaders Program
  • Distance learning courses, including web-based self-study and instructor-guided online learning (IGOL) offerings
  • Certification and Designation programs

Applications are evaluated based on a personal statement and a letter of recommendation, with bonus points awarded to applicants who are U.S. military veterans or disabled. Individuals are eligible to receive up to three awards during their careers, with no more than one award provided per calendar year.

Click here for more information or to apply.

CONTACT
Ali Ahmad

(202) 557- 2727

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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.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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