| MEMBERSHIP CLASSIFICATIONS |
Regular Membership
Your firm should apply for Regular membership if it is a business organization or financial institution that (1) originates mortgage loans or other forms of real estate finance for sale to others, (2) services mortgage loans or other forms of real estate finance for others or (3) originates or invests in mortgage loans or other types of real estate finance for its own investment portfolio.
Depository institutions such as commercial banks, savings and loan associations and savings banks are eligible for Regular memberships.
Associate Membership
Your firm should apply for Associate membership if it is a business organization that regularly provides support services for business organizations or financial institutions that are eligible for Regular membership.
Affiliate Membership
Your firm should apply for Affiliate membership if you are a business that provides or sells products to mortgage banking members.
Individual Membership
A person should apply for Individual membership if he/she is an employee or principal of a mortgage lending firm (non-bank company) employing six or fewer employees that would otherwise qualify for regular, associate or affiliate membership, but does not choose to do so. Individual membership is non-voting.
An application form for either Regular, Associate, Affiliate, or Individual membership should be completed and returned to the MBAC office in Charlotte. All applicants must supply the names of two MBAC members willing to sponsor the applicant. In addition, any firm applying for Regular membership must furnish resumes' of the managing partners. Individual membership applications must be accompanied by the references and a resume of the person covering at least the last five (5) years of experience.
All applications are reviewed by the Membership Committee and submitted to the MBAC Board of Directors for final approval.
