The Board of Governors for the Mortgage Bankers and Brokers Association of New Hampshire unanimously voted to join the National Association of Mortgage Brokers. The New Hampshire state association, which has long been a member of the national Mortgage Bankers Association of America (MBA), felt like its small business members needed the added support that NAMB offers through its education and legislative programs.
"We serve larger banks and small business brokers," said Meg Malette, the New Hampshire association's executive director. "While our MBA membership meets the needs of some our members, we knew that we needed something more for the mortgage brokers and mortgage bankers who face much different challenges than the big banks."
Under the new agreement with NAMB, the association will remain with MBA and join NAMB. Its members will then have the opportunity to join NAMB as individual members as well. "The MBA primarily represents the 10 or 15 largest banks in the nation," said NAMB President Harry Dinham, CMC. "NAMB is most suited to protect the interests of small-business owners in our industry. We believe that we can better represent many of the New Hampshire members in Congress and through our strong broker and banker education programs." The Mortgage Bankers and Brokers Association of New Hampshire will now become NAMB's New Hampshire state affiliate. Dinham noted that this will create new opportunities for other brokers and bankers in the state to gain access to the expanded resources that come with NAMB membership.
For more information, visit www.namb.org.