MBA Program to Attract More Young Workers to Mortgage Business

The Mortgage Bankers Association (MBA) is making a play at attracting some new, younger professionals to the mortgage business.

The national industry association has announced the launch of a new program, coined Mortgage Banking Bound, which is designed to educate college students about job opportunities throughout the mortgage process.

Through a web-based system, students can enroll in online educational programming to teach them about mortgage business elements such as servicing, originations, secondary marketing and compliance. The MBA will award students who have completed the coursework—which begins in early February—with a certificate recognized by the association.


“Real estate finance is a dynamic $13 trillion industry and companies in this field will need new and diverse talent to meet growing demand,” said Jeffrey M. Schummer, MBA’s Vice President of Education Development. “Mortgage Banking Bound will help educational institutions translate academic excellence into productive careers for their students.”

Those teaching the courses include real estate finance industry experts and other industry professionals. Students will also be able to network with mortgage-based organizations and access job boards and career events, among other professional resources.

The coursework will not include reverse mortgage topics specifically, a MBA representative confirmed to RMD.

Written by Elizabeth Ecker

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  • While this is positive, it should only be a short-term goal in a three step approach.

    The intermediate goal should be to establish this curriculum as either a major or minor within existing business school undergraduate programs at a few key second tier universities with the ultimate goal to see that curriculum at tier one universities.

    Without some kind of transferable course credit, the objective will always be viewed as a great idea but its practical impact will be negligible.

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