Mortgage Bankers Association: Bank On it

What’s the benefit? The Mortgage Bankers Association (MBA)  (opens in a new tab) and the mortgage lender Freddie Mac announced a partnership that will give members access to the lending firm’s educational opportunities and services. MBA announced the union at its 102nd Annual Convention and Expo in San Diego.

Why it works: Through this new alliance, MBA members will have access to coveted resources, including a customer service line and special deals on industry products like Loan Prospector and Loan Quality Advisor, according to a press release  (opens in a new tab). On top of the educational courses they can attend through MBA  (opens in a new tab), members can take advantage of discounts from Freddie Mac on special training courses and members-only webinars on a variety of market topics. “MBA is proud to be partnering with Freddie Mac in order to offer new benefits and services to our member companies,” MBA President and CEO David H. Stevens said in a statement. “We believe this will create cost savings for them and give them access to first-rate opportunities as a direct result.”

Other benefits: The perks are not only education-oriented but also pertain to career opportunities. Members are now eligible to apply to become Freddie Mac sellers at a discounted rate, and the mortgage giant will provide support to members throughout the application process. MBA has also just announced a new healthcare program  (opens in a new tab) for members, through a partnership with insurance brokerage and risk management services firm Arthur J. Gallagher & Company.

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