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Robert Broeksmit officially takes over as MBA CEO

Former CEO David Stevens to stay on 40 days to ease transition

The Mortgage Bankers Association is now under new leadership.

Robert Broeksmit is now officially the MBA’s president and CEO, telling MBA members this week that he is now formally in place at the MBA.

Back in June, the MBA announced that Broeksmit would be taking over as the CEO of the trade group, replacing David Stevens, who surprised many in the industry last year when he announced his retirement.

At the time, Stevens said that he planned to say on as president and CEO until Sept. 30, 2018, and it appears that’s still the case.

In his note to MBA members, Broeksmit said that Stevens will be staying on for the next 40 days to ensure a smooth transition.

Stevens took over as the CEO of the MBA in 2011, after serving as the Federal Housing Administration commissioner in the Obama administration.

Now, the MBA will be led by Broeksmit.

Broeksmit comes to the MBA from Treliant Risk Advisors, where he served as president and chief operating officer. Broeksmit has spent his 33 years in mortgage banking, holding a variety of senior leadership positions including president of B.F. Saul Mortgage, executive vice president of Chevy Chase Bank and vice president at Prudential Home Mortgage.

Broeksmit also previously served on the MBA board and as chairman of RESBOG. He also served as chairman of the American Bankers Association's Mortgage Markets Committee.

Here’s Broeksmit’s note to MBA members:

Having formally come on board as MBA president and CEO this week, I wanted to introduce myself to those of you I haven’t already met through my past work either in the industry or as a member of MBA’s Board of Directors and former Chair of the Residential Board of Governors. I am excited for the opportunity to lead MBA and will be working with Dave Stevens for the next 40 days to ensure a smooth transition.

I’ll be reaching out to MBA members in the coming days, weeks and months to hear your ideas as we establish priorities for MBA in the years ahead. I look forward to seeing new faces and old friends at our conferences and meetings, particularly our upcoming 2018 Annual Convention & Expo, taking place here in Washington October 14-17.

MBA is the leading voice for the real estate finance industry because of the strength of our members. I look forward to working with all of you to continue moving our industry forward.

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