Robert Broeksmit is president and CEO of the Mortgage Bankers Association. A Certified Mortgage Banker, he is a senior finance executive and corporate officer with a 33-year career in the mortgage sector. Prior to joining MBA in 2018, Broeksmit served as president and COO at Treliant. Before Treliant, he held senior leadership positions in the mortgage business, including 14 with Chevy Chase Bank, where he was EVP and president of its B.F. Saul Mortgage Company subsidiary.
The industry should pay attention to bipartisan legislation that would permit lenders to move away from outdated, static requirements and instead document borrower income and debt through the government-approved methodologies already in place in the GSE guides or the FHA, VA, and USDA handbooks.
Every day, people in your community are looking for a new place to call home. But in the age of the digital shift, they are now getting most of that information from their mobile devices rather than more traditional sources.