MBA News Jan. 3, 2023

Today in MBA News: MISMO Winter Summit Starts Jan. 9; MBA Education School of Mortgage Banking I online Jan. 9-Feb. 2; MBA Education Webinar, Ten Things Your Company Must Do in 2023; Frank Nothaft Scholarship Fund. To read more, click on today’s MBA News headline.

MISMO Winter Summit Jan. 9-12 in Delray Beach, Fla.

The MISMO Winter Summit takes place Jan. 9-12 at the Opal Grand Oceanfront Resort & Spa in Delray Beach, Fla.

MISMO plays an essential role as the central point for collaboration between lenders, servicers, regulators, GSEs, and technology providers, enabling the industry to achieve a more seamless and productive digital future. MISMO enables all industry participants to speak the same language by developing and distributing compliance, data and technology standards that improve the integration and flow of data end-to-end.

MISMO Summits allow you to network and collaborate with your industry colleagues while learning the latest updates on mortgage industry standards. Your participation helps make the digital future possible. Join us at the upcoming MISMO Summit and learn what’s hot in mortgage standards.

MISMO thanks its Gold-level sponsors: DART, ICE Mortgage Technology and Snapdocs, as well as its Bronze level sponsors: Actualize Consulting and MGIC for helping to make the event possible.

For more information, visit the MISMO Winter Summit page.

MBA Education School of Mortgage Banking I Online Begins Jan. 9

MBA Education presents its popular School of Mortgage Banking I online from Jan. 9-Feb. 2.

MBA Education’s School of Mortgage Banking I emphasizes the interrelated roles of the functions within a residential mortgage banking firm and the relationships of the various institutions and agencies throughout the real estate finance industry. This course provides a foundation in residential loan production, secondary marketing, warehouse lending and servicing. It also presents an overview of associated disciplines essential to a complete understanding of mortgage banking, including ethics, regulatory compliance, real estate law, loan products, quality assurance, quality control and fraud detection.

Note: Students who intend to acquire their AMP designation need to first complete SOMB I and pass the exam, then complete SOMB II and pass the exam. Students who are not working toward AMP designations do not need complete SOMB I to enroll in SOMB II.

For more information and to register, click here.


MBA Education Webinar Jan. 18: Ten Things Your Company Must Do in 2023

MBA Education presents a timely Webinar, Ten Things Your Company Must Do in 2023, on Wednesday, Jan. 18 from 1:00-2:00 p.m. ET.

This webinar is part of MBA Education’s Garrett, McAuley & Co. Mortgage Banking Management Webinar Series.

For just about everyone, 2022 was a horrible year. Volume was down, margins were down, earnings were almost non-existent, and the staff layoffs never seemed to accomplish all they were meant to accomplish. It’s hard to know what 2023 will bring, but nightmares eventually end, and now is the right time, early in the year, to take steps to improve your business for 2023 while you can make a real difference. This popular webinar will provide participants with a new Top Ten list of strategic initiatives that all mortgage bankers should be implementing in 2023. These very specific and actionable suggestions will help you and your team focus on what will increase revenues, control costs, and better manage risk, not only in 2023 but also every year thereafter. And they’re all things you can start to work on right away.

For more information and to register, click here.

MBA, CoreLogic Establish Frank Nothaft Memorial Fellowship Fund

Frank Nothaft

The Mortgage Bankers Association and CoreLogic, Irvine, Calif., announced the Dr. Frank Nothaft Memorial Fellowship Fund at Columbia University, in honor of the longtime CoreLogic Chief Economist who passed away suddenly in June.

Nothaft had been Chief Economist with CoreLogic since 2015; he previously spent 29 years with Freddie Mac, 14 of those as its Chief Economist. He earned his Ph.D. from Columbia University, where he also taught and conducted research.

“We knew Frank as a warm, engaging, clever friend, one of the brightest and most influential minds in our industry,” said MBA President & CEO Robert Broeksmit, CMB. “His research and insight were best-in-class, which is why he was an ever-present sight on stage at industry conferences and events, and a highly sought-after source by news outlets around the country. MBA is proud to partner with CoreLogic to establish the Dr. Frank Nothaft Memorial Fellowship Fund.”

The goal is to raise $250,000 to create an endowed fund that will provide a fellowship to a graduate student in Economics each year in perpetuity. MBA and CoreLogic, with help from a handful of other companies and industry leaders, have already raised nearly $100,000.

There are two ways to donate to the Fellowship Fund. You can donate online at Alternatively, you can mail a check, payable to Columbia University with a note in the memo line noting that it is for the Dr. Frank Nothaft Memorial Fellowship Fund, to:

Columbia Alumni Center

Attention: Gift Systems

622 West 113th Street, MC 4524

New York, NY 10025

For questions about how to give, contact Julia Morton, Columbia University representative, at or 347-880-1737.