In an unexpected move, Mortgage Bankers Association President and CEO David H. Stevens announced today that he plans to retire. Stephens said his retirement would take effect Sept. 30, 2018, and that he would continue to lead the organization until that time.
Stevens joined the MBA in 2011. Under his leadership, the organization has reached its strongest financial health in its 104-year history. Stevens has also presided over an elevation of the MBA’s influence at the national level, and was instrumental in creating the MBA Open Doors Foundation, which helps families with critically ill children. Stevens himself was diagnosed with cancer last year.
“With my cancer in remission, focusing on family, friends and staying healthy is my priority,” Stevens said in a letter to MBA members. “This was a difficult decision; it’s hard to walk away from supporting an industry that shaped my career. It’s been an honor to work with the talented staff, strong leadership and diverse membership of the MBA.”
“We all support Dave in his decision,” said David Motley, the MBA’s 2018 chairman. “MBA has never been stronger and is well-positioned to manage this transition. Dave has given his heart and soul to MBA for nearly seven years, and on behalf of the entire membership, we are incredibly grateful for his leadership.”
A search committee has been formed to find Stevens’ replacement. It is being chaired by MBA immediate past chairman Rodrigo Lopez.
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