If you own a company in the mortgage broker industry, you would do well to partner with mortgage broker associations to strengthen your business expertise and credibility. Industry organizations bring together professionals with similar goals and challenges. Members of industry organizations come from all company divisions, but all share the same objective of expanding their knowledge.

Becoming a member of the right organization opens the door to a wealth of expertise. You will be exposed to many networking opportunities, information and resources. Additionally, mortgage broker industry organizations may also provide invaluable services that include new products, education opportunities and industry support. When looking for membership with an independent mortgage brokers association, remember the following:

1. Make sure the association you're interested in is credible. Check BBB or other industry accreditations.

2. Most organizations charge fees for memberships, so make sure you’re getting your money’s worth before you pay.

3. Not all mortgage brokers organizations stipulate membership for certification.

Action Steps
The best contacts and resources to help you get it done

Become a member of an accredited national mortgage brokers association

Although many organizations offer information, tools and resources to non-members, you can benefit substantially from becoming a member. Membership opens the door to additional service, product and representation. Register as a business rather than as just an individual, if possible, so your employees can benefit from the membership.

I recommend: The Washington Association of Mortgage Brokers offers discounts, educational programs, and networking opportunities to its members. Real Marketing provides a listing a state mortgage brokers for your convenience.

Take advantage of training opportunities provided by mortgage brokers associations

Progress stops for no one, and you need to advance as a professional by keeping your industry skills sharp and current. Take advantage of educational programs and tools to assist you and your employees in knowledge development and career advancement. Many organizations offer information on upcoming seminars, conferences, business development courses and other industry-related programs; in addition to industry certifications.

I recommend: The National Association of Mortgage Brokers provides an extensive range of educational programs including Online Lending Integrity Package and Annual Convention 2008 CEU Certificates. The North Carolina Association of Mortgage Brokers offers conference classes and an online fundamentals class sample test as part of their educational program.

Join mortgage broker professional organizations that offer a full schedule of events

Events and conferences are a boon to any business. They give you an opportunity to network and share issues with industry peers. More importantly, they give your company exposure within the industry, and provide you an opportunity to further your relationships with other businesses. Try and pick organizations with nationally-recognized events.

I recommend: The New York Association of Mortgage Brokers and the Mortgage Bankers Association both offer a calendar of industry events for educational and networking opportunities.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Networking is a great business tool. Make sure you're stocked with business cards so you can market yourself and your company when you go to professional mortgage broker associations' events.