In February of 1992, Maryland mortgage brokers that were members of the National Association of Mortgage Brokers (“NAMB”) were invited to an organizational meeting to discuss the formation of a State of Maryland brokers association.  The NAMB president, Diane Kelly, wanted the first president of MAMB to be a broker who primarily did “A Paper” mortgages.  During the meeting, she kept referring to Margie Hofberg; so, by the end of the meeting, it was assumed that Margie was going to be heading up the effort. The following month officers of the new organization were selected:

A group of brokers from that meeting, along with some wholesale lender representatives, formed the founding board of the Maryland Association of Mortgage Brokers (“MAMB”). On March 24, 1992, the association was incorporated in Maryland as a not-for-profit corporation

In its first year, the organization wanted to accomplish two things.  First, to establish a warm and supportive relationship with the Maryland State Commissioner of Consumer Credit, Alan T. Fell, and the Assistant Attorney General, J. Steven Lovejoy.  The Commissioner was thrilled to have an organized group to work with.  Those were the days when mortgage brokering was like the Wild West!  Both Commissioner Fell and Steve Lovejoy came to MAMB events and added legitimacy to the newborn organization.  Second, MAMB officers and board members planned a conference and trade show to bring together and educate mortgage brokers.  The first of many annual conferences was held in Baltimore in January of 1993.   There were over 60 exhibitors, hundreds of attendees, and it was profitable.

In early 1995, the Association engaged the former Consumer Credit Commissioner, Alan Fell, as its first registered lobbyist in Annapolis.  At the same time, the officers of the Association bought in a professional management company. That began the long relationship MAMB had with Tom Shaner and his staff at The Joseph E. Shaner Company.

MAMP provided many small mortgage brokerages with the opportunity to meet and network with other brokers to share information and sharpen skillsets, an outlet they did not have prior to the formation of the MAMB. Many members have attributed a portion of their success as mortgage brokers to the access to resources MAMB provided them.

In November of 2009, the organization officially changed its name to Maryland Association of Mortgage Professionals, Inc. – to better reflect the fact that its members included not just mortgage brokers; but also small mortgage companies and others who were part of the mortgage lending community.

In December of 2016, the MAMP agreed to merge with and into the Maryland Mortgage Bankers Association (MMBA).  Both organizations recognized there were by that time very few differences between the missions of the two Associations, and that by combining forces, they could have a more effective voice in Annapolis and a stronger organization.  The name chosen for the combined organizations was the MARYLAND MORTGAGE BANKERS AND BROKERS ASSOCIATION (MMBBA).

Prepared by Past Presidents:  Margie K. Hofberg and Charles F. Reid, III