The Mortgage Bankers Association (MBA) has announced the nomination of Bill Cosgrove, president and chief executive officer of Union National Mortgage Company, as its vice chair-elect. Cosgrove will be elected by the MBA membership at the Association's 99th Annual Convention, which will be held in October in Chicago. A long-time and active MBA member, Cosgrove has served as a member of MBA's Board of Directors, on MBA's Legislative Steering Committee and on its Residential Board of Governors (RESBOG) Advisory Committee. During the 2009-2010 election cycle, he served as Chairman of MORPAC, the industry's political action committee, raising more than $1 million to bolster MBA's advocacy efforts. He was the 2011 recipient of MBA’s Burton C. Wood Legislative Service Award, given annually to an MBA member in recognition of his or her sustained superior service to the association and the real-estate finance industry as a whole. In addition, Cosgrove has served as chairman of the Ohio MBA.
"Bill has more than 26 years of experience in the mortgage banking business and has been one of our industry's most forward looking leaders as we go through this period of unprecedented change," said MBA Chairman Michael W. Young. “As Chair of MORPAC, Bill was a major force behind MBA’s legislative and regulatory advocacy efforts. His energy and experience will be of tremendous value to MBA and the industry as we work to rebuild this country’s real estate markets."
After joining Union National in 1994, Cosgrove was named company president just three years later. He then went on to purchase Union National in 1999. Cosgrove’s nomination was announced at MBA's Board of Directors meeting, which is held each August.
