If you own a company in the mortgage industry, you would do well to partner with mortgage industry associations to strengthen your business expertise and credibility. Industry organizations bring together professionals with similar goals and challenges. Members of industry organizations come from across 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 associations may also provide invaluable services that include new products, education opportunities and industry support. When looking for membership with a mortgage banking association, remember the following:

1. Make sure the mortgage lenders 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. Many organizations don’t stipulate membership for certification.

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

Become a member of an accredited mortgage 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: Many of the state mortgage brokers, such as the Colorado Association of Mortgage Brokers and the Indiana Association of Mortgage Brokers (INAMB), offer ongoing educational opportunities, local chapter networking, and special member discounts.

Take advantage of training opportunities provided by mortgage councils

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 Professional Mortgage Women (NAPMW) provides a comprehensive list of educational opportunities. The National Association of Mortgage Brokers (NAMB) offers online training programs among its education opportunities.

Join mortgage industry groups that offer a full schedule of events and conferences

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: Mortgage Bankers Association provides a calendar of upcoming events and conferences. Mortgage Bankers Association of the Carolinas' calendar includes conferences and quarterly board meetings.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  If you're considering a mortgage brokers association for its online resources, look for one with a current forum where you can discuss issues with industry experts in real time.