Two groups merge to support state's mortgage banking community
Two long established organizations that serve the lending community merged effective Feb. 1 to form the Washington Mortgage Banker Association (WMBA). The new entity combines the Seattle Mortgage Bankers Association (SMBA) and the Washington Mortgage Lenders Association (WMLA).
The union combines the strengths of the two organizations, according to WMBA president Lynne Garton. "The WMBA will offer greater support to the mortgage banking community in our state," she said, adding, "This merger will expand our opportunities to provide education, better support charities for those in need of housing, and bring greater influence through our government affairs efforts."
SMBA was formed in 1920 with a focus on charitable giving and education. WMLA was founded in 1959 to protect the interests of mortgage lenders statewide by advocating for prudent policies governing mortgage lending.
WMBA is an affiliate of the Mortgage Bankers Association, a national association representing the entire real estate finance industry. Its office is in Seattle.