Master Of Business Administration (MBA)
A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates gain a better understanding of general business management functions. The MBA degree can have a specific focus such as accounting, finance or marketing. Investopedia Says:
An MBA is a level up from an undergraduate business degree, and once achieved generally places the graduate well above those with only undergraduate degrees. Most major universities and colleges provide MBA programs, which usually last two years. To get into an MBA program, an applicant needs to take the Graduate Management Admission Test (GMAT) and be accepted by the program based on its selection criteria. Related Terms:
Baccalaureate Bond
Chartered Financial Analyst - CFA
Chief Executive Officer - CEO
Education IRA Mortgage Bankers Association (MBA)
The national association that represents the real estate finance industry. The Mortgage Bankers Association, headquartered in Washington is frequently referred to as the MBA. The MBA works to help their members conduct business of single and multifamily mortgage finance by promoting fair and ethical lending practices, fostering professional excellence through educational programs and publications, providing news and information, and holding conferences. Investopedia Says:
A mortgage banker is an institution or individual who closes and funds mortgage loans in their own name. This is opposed to a mortgage broker who facilitates a mortgage transaction between a mortgage banker and a borrower for a fee. The MBA represents mortgage bankers. The National Association of Mortgage Brokers (NAMB) represents mortgage brokers. Related Terms:
Mortgage
Mortgage Banker
Mortgage Broker
Mortgagee
Mortgagor
National Association Of Mortgage Brokers - NAMB
Origination
Real Estate |