Path to Diversity & Inclusion
In This Section
Advancing the careers of employees from under-represented segments of the community through education.
The Mortgage Bankers Association recognizes that a strong, responsible and sustainable real estate finance industry requires a workforce that is reflective of our society at large. To facilitate diversity and inclusion among its members, MBA seeks to foster an industry that contains a rich mixture of men and women of different races, ethnic backgrounds, cultures and primary languages.
The Path to Diversity & Inclusion Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education. Recipients will receive a voucher to cover course registration fees, up to a maximum of $2,000, for any of the following MBA Education programs and courses:
- School of Mortgage Banking (SOMB), Courses I, II, or III
- Other classroom offerings, including but not limited to Advanced Servicing Workshop and Multifamily Property Inspection Workshop
- Future Leaders Program (*Applying for and/or being awarded the scholarship does not guarantee admission into this program)
- Distance learning courses, including web-based self-study and instructor-guided online learning (IGOL) offerings
- Certification and Designation programs
The scholarship must be used within 12 months of award. Travel and lodging are not an eligible use for the award.
To be considered for the Path to Diversity & Inclusion Scholarship Program, individuals must submit a completed application form, including these documents uploaded in PDF format: resume, personal statement and letter of reference from a supervisor or senior manager at your current place of employment.
To be eligible for the Professional Development Scholarship, individuals must meet the following criteria:
- Is part of one or more of the following under-represented groups:
- Non-white or bi-racial
- Lesbian, Gay, Bisexual or Transgender
- Is currently employed by an MBA member firm or state MBA member firm
- Has worked a minimum of two years in the mortgage industry, or has broad experience in a related field with some focus in real estate finance, or has post-high school education related to the real estate finance industry, to include training to obtain a license, company-sponsored training, or MBA or other professional education
Individuals are eligible to receive up to three awards during their careers, with no more than one award provided per calendar year.
Eligible applicants must receive a minimum score of 75 points out of a total of 100 in order to be considered for a scholarship award. Applicants are scored based on the following criteria:
- Personal Statement: 50 points
- Letter of Recommendation: 50 points
Applicants who are U.S. Military Veterans, or who are disabled, will receive 5 bonus points.
Scholarship awards are made on a monthly basis, subject to the availability of funds. All completed applications that meet the above eligibility requirements will be reviewed and scored by MBA's Path to Diversity & Inclusion Scholarship Award Task Force. Eligible applications received by the 15th of the month will be reviewed by the committee in that month. Applicants will receive an "Acceptance" or "Denial" letter via email no later than 30 calendar days after the end of the month in which the application was reviewed. If you are denied, you may reapply at any time.
Employers: Get involved! Support our mission and contribute to the scholarship by donating today.
Watch Tony Thompson, CMB, on MBA's Path to Diversity & Inclusion Scholarship
This program is part of MBA's commitment to promote diversity and inclusion in attracting and developing industry talent and operates in furtherance of MBA's tax-exempt purposes, including but not limited to the purposes of "meeting the educational needs of the real estate finance industry by making available a range of educational products and services, developing more efficient mechanisms for their delivery and performing such other activities, consistent with the Association's tax-exempt status, as are necessary and appropriate to achieve the foregoing;" Article III, Sections (e) and (i) of the MBA Bylaws, dated October 2014.