Some quick facts on the just-lanched Mortgage Broker Association of Atlantic Canada (MBAAC).
Purpose: “The purpose of the association is to offer a regional voice for the mortgage broker industry, rooted here in Atlantic Canada,” Founder and President Glen Ward told CMT. The board will work to establish a standard of ethics and also handle industry-related complaints in the region.
Important Goals: Ward says the group’s goal is to help foster public trust in working with mortgage brokers, while also serving as a local source for continuing education for both new and seasoned brokers.
Affiliation with CAAMP: “Our goal is to work in conjunction with CAAMP to provide a local presence at a grassroots level to help elevate the standard of our industry in Atlantic Canada,” says Ward.
Executive: The group currently has an appointed board with a two-year mandate, though Ward says that will change to an elected board as it becomes more established.
Structure: MBAAC is a not-for-profit group. Ward adds that, “Our fees will be minimal.”
Those interested in joining can visit www.mbaac.ca, and submit an application.
Steve Huebl, CMT