MBA Awards $165,000 in Path to Diversity Scholarships

The Mortgage Bankers Association awarded more than $165,000 in scholarships to 192 women and minorities through its Path to Diversity (P2D) Scholarship Program during fiscal year 2020.

MBA awarded the scholarships to industry professionals representing MBA member companies who are seeking to advance their careers through MBA Education programs, courses and select conferences. 

“MBA’s Path to Diversity Scholarship Program is an important tool that addresses financial barriers sometimes experienced by aspiring talent,” said Charmaine Brown, MBA Director of Diversity, Equity and Inclusion. “The program continues to expand and helps diverse mortgage professionals increase their capabilities, which opens more doors. These funds will help to provide education and training opportunities, ensuring our diverse membership has access to the tools they need to reach their full potential and achieve career goals.”

P2D scholarships were funded primarily by donations from the Research Institute for Housing America. MBA also received donations from CBRE, Quicken Loans, CMG Financial, SunTrust Mortgage, VantageScore Solutions, Ballard Spahr LLP and Cultural Outreach Solutions.

Awardees receive a voucher to cover course registration fees, up to a maximum of $2,000, for MBA Education programs and courses. To be eligible for the P2D scholarship, individuals must be currently employed by an MBA member firm or state MBA member firm; be a part of one or more underrepresented groups; and have at least two years of experience in the mortgage industry or some equivalent in real estate finance experience or training. MBA recently streamlined the P2D application process, including additional access to MBA’s virtual educational resources, expedited processing upon request and allowing applicants to receive letters of recommendation from a broader range of industry professionals. 

Click here for a partial list of the recipients, consisting of those who wished to be publicly listed. Click here for full eligibility information or to apply. MBA members can visit here to donate to the P2D scholarship fund. 

For more information on MBA’s Diversity and Inclusion commitment, visit the Diversity and Inclusion Resource Center.