Welcome to the IMBA Website!
The Indiana Mortgage Bankers Association (IMBA) was organized in 1958 as a trade association in the real estate finance industry. The mission of the IMBA is to provide services, support, and information to its members, and to promote sound and ethical business practices consistent with industry standards.
President's Message
It is somewhat ironic that as Indiana Mortgage Bankers Association celebrates its 50th anniversary this year, we are working through challenges that threaten our very existence. We have a record number of foreclosures in the United States, capital is being used to fund defaults in the sub-prime market leaving less to fund new business and legislators are coming at us from all directions. All the while, the number of players has diminished causing a decline in our membership and the loss of a number of talented people in our business and in the leadership of IMBA.
Despite these challenges, I am pleased to report that your Association is alive and well and growing in numbers and influence. About a year ago, we had a strategic planning session where we identified a number of goals for the Association. Although the challenges mentioned above slowed the implementation of the plan, we are making progress. Some of the things discussed where action has been taken are:
- Explore the role of a volunteer driven Association vs. a staff driven Association. Evaluate the pros and cons.
- Establish Financial Literacy as IMBA’s “cause” and use it to unify state/local efforts.
- Build on credibility with Homeownership Preservation Program.
- Explore appropriate dues structure and membership plan to increase revenues.
- Explore value added and other affinity programs to sell as member benefits.
- Consider requiring a standard core curriculum and continuing education for the CRMP designation.
- Explore individual membership vs. corporate membership.
- Explore appropriate dues structure that best represents the varying sizes of mortgage lending institutions within the population.
- Build a list of ALL media contacts throughout the state.
As
I am about to complete my term as President of Indiana Mortgage Bankers, I
am encouraged by where we are and where we are going, but there is much work
to be done. Although we now have a full-time Executive Director in Al Thorup,
we are still a volunteer organization and it is up to us to see that IMBA is
around to celebrate our 60th anniversary and beyond. The individuals who
have expressed an interest in becoming your officers and directors for
2008-2009 are committed to that end. I believe we have done what is
necessary to build a foundation upon which to build for the future and that
we will have the leaders to get us there.
Jerry, Hays, CRMP
2007-2008
IMBA President
Creative Capital Solutions, LLC
812-330-2122
jerryhays@ccs-indiana.com
Indiana Mortgage Bankers Association
P. O. Box 596
Fishers, Indiana 46038-0596
Phone: (317) 773-7344
Fax: (317) 773-7354
inmba@sbcglobal.net
Click here for Mortgage Bankers Association web site
www.mortgagebankers.org
