MBA has eight residential committees that report to the Residential Board of Governors (RESBOG). The chairs of these eight committees serve one-year terms on RESBOG as non-voting members.
The Residential Loan Administration Committee evaluates the impact of federal legislation and regulation on servicing operations, profitability and efficiency. Works with government agencies, such as Ginnie Mae, Federal Housing Administration (FHA), Veterans Administration (VA), and with Fannie Mae and Freddie Mac to improve and streamline servicing requirements. It also assists in the development of educational programs that will improve loan administration techniques or compliance with various federal laws, regulations, and secondary market agency guidelines. The Committee also promotes the exchange of information and work proactively to reduce regulatory burden.
MBA Committee Staff Representative: Vicki Vidal
2012 Chair: Raymond Barbone
Executive Vice President - Mortgage Services
If you would like to get more involved in MBA, consider volunteering for this or one of MBA’s seven other residential committees. Any employee of an MBA member company may join one or more of these committees. However, you must be an employee of a member firm. Individuals who are no longer employed by an MBA member company will be removed from committee rosters. Also, you will annually be asked via email to reaffirm your intention to stay active on the committee.
What do the residential committees do? Actually, they perform a number of functions. In conference calls, emails and in-person meetings, they advance MBA’s national/federal advocacy agenda by providing a forum for the analysis of legislative, regulatory or industry issues.
They also serve as a means to inform Association staff of any emerging real estate finance issues. They are one of the primary means through which Association policy is developed. The committees are also communications tools for professionals within the industry. Lastly, the residential committees are also a method by which future MBA leaders are identified and developed.
For more information on this committee including how to join, please fill out the form: