A nine-month search for a replacement for David H. Stevens as president and CEO of the Mortgage Bankers Association (MBA) ended today with the selection of Robert D. Broeksmit. Broeksmit is a Certified Mortgage Banker (CMB) and current president and chief operating officer of Treliant Risk Advisors, a financial services consulting firm. He has also held a series of senior leadership positions during a 33-year career in the mortgage industry, including serving as president of B.F. Saul Mortgage Company, executive vice president of Chevy Chase Bank and a vice president at Prudential Home Mortgage. He is a past member of MBA’s Board of Directors, served as Chairman of MBA’s Residential Board of Governors and was Chairman of the American Bankers Association’s Mortgage Markets Committee.
“I have worked in mortgage banking since the mid-’80s and am honored and humbled to be selected for this role,” said Bob Broeksmit. “Our industry, particularly on the residential side, is facing headwinds, and I look forward to working with the MBA team to address all business, legislative, and regulatory issues ahead of us to ensure the residential, commercial, and multifamily real estate markets remain healthy and vibrant.”
The new MBA head was identified by a search committee of 12 volunteer MBA members, chaired by MBA immediate past Chairman, Rodrigo Lopez. MBA’s Board of Directors ratified the search committee’s recommendation at a meeting on Thursday.
Stevens, who joined MBA in March 2011 directly from a position of Assistant Secretary of the Department of Housing and Urban Development and Commissioner of FHA, announced his retirement last October. He is due to leave his position in September. Broeksmit will begin his job on August 20, providing several weeks of collaboration with Stevens to ensure a smooth transition.
Stevens said, “I’ve known Bob for over a decade, and he is an excellent choice to lead MBA. Bob brings a deep understanding of how the industry works and understands the needs of our membership. It has been my honor to work with MBA’s members and the great team at MBA these last seven years, and I look forward to working with Bob to ensure a seamless and successful transition.”