WASHINGTON, D.C. – May 18, 2015 – (RealEstateRama) — The Mortgage Bankers Association (MBA) announced today new partnerships with Fannie Mae, Capital Markets Cooperative (CMC), and The Mortgage Collaborative (TMC) that will provide new benefits to MBA member companies.
“MBA is proud to be partnering with key industry organizations to bring our members first class benefits and services. MBA members will benefit from the array of cost savings, products and services offered by our new partners,” said David H. Stevens, president & CEO of the Mortgage Bankers Association.
Fannie Mae, through this partnership, will be offering a series of benefits to MBA members, including discounts on Desktop Underwriter (DU) fees and a variety of other services they provide. Additionally, this partnership will include various enhanced education, training and industry engagement offerings.
“Fannie Mae is happy to support MBA’s efforts to provide broad education and outreach to the industry. We support fair and equitable access for lenders selling into the secondary market, and this strategic partnership with the MBA will create a closer working relationship between the two organizations, bringing more value to the housing finance system,” said Zach Oppenheimer, Head of Customer Engagement at Fannie Mae.
As a result of MBA’s new agreement with Capital Markets Cooperative and The Mortgage Collaborative, MBA members will now be eligible to join both organizations at a reduced rate.
Since 2003, Capital Markets Cooperative has been dedicated to its nationwide network of mortgage bankers to bring them a wide array of services including incentives and discounts from a full roster of preferred providers, risk management solutions, co-issue servicing acquisition and MSR valuations.
“CMC’s Patron lenders will find terrific value as members of the MBA. The benefits of MBA membership are great additions to the CMC product menu,” said Tom Millon, President and CEO of Capital Markets Cooperative. “We look forward to the relationships and opportunities that will develop as a result.”
Similarly, companies joining The Mortgage Collaborative will be able to leverage the network’s collective market power and enjoy mutually beneficial partnerships with suppliers of required services, investors, and others in the mortgage value chain.
“The Mortgage Collaborative understands the challenges of this industry and we believe this arrangement with MBA and its members can alleviate some of the business obstacles all involved face,” said John Robbins, Chairman of The Mortgage Collaborative. “As a former Chairman of MBA, my partners and I look forward to continuing our relationship through this strategic partnership.”
To learn more about these benefits, please click here.
For more information about:
Fannie Mae click here
For Capital Markets Cooperative click here
For The Mortgage Collaborative click here
Rob Van Raaphorst
(202) 557- 2799