Program areas at MBA
Meetingsmba's fiscal year 2023, ending september 30, 2023, saw more than 14,178 individual attendees at 13 conferences and meetings that provided attendees with timely information about the economy, business trends, technological innovation and legislative and regulatory changes and prospects. Mba conducted a tremendously successful annual convention in october 2022 with 4,226 attendees. The cref/multifamily housing convention & expo was held in february 2023 in san diego with 2,679 attendees. Sponsorships for fy2023 saw some of their strongest numbers in history at 300 for the year and both sales were strong as vendors looked to invest after being dormant for so long during the pandemic. 333 companies invested in exhibiting their products and services with mba throughout the year and that was an extremely strong showing. In addition to the two large conventions expected from a major Association mentioned above, mba usually hosts 3 additional large conferences and expos each year (servicing solutions conference and expo, technology, and secondary and capital markets conference and expo) as well as 9 more finely focused specialized interest conferences, help participants gain knowledge and information in such areas as legal issues and regulatory compliance, commercial servicing, and accounting and financial management. It appeared we have less meetings, but this was the first year we combined regulatory compliance and risk management together in september. In terms of programming, we issued 600 certificates for continuing legal education credit (cle), 160 for cpe credits through nasba (national Association of state boards of accountancy) and other continuing education credits related to our programs. It is worth mentioning that we had over 317 sessions with 920 speakers.even with the fiscally robust annual convention and strong sales, especially at the start of the fiscal year, our members faced challenges and strong headwinds as the year continued, as rates began to rise and simultaneously the tech industry began to falter (as indicated by the faltering silicon valley banks and shuttering tech companies). By the time our technology solutions conference took place in the spring, the budget ended off by $1.3 m net. This changed the course of our department, easily exceeding our net budget for fy23 by $500,000. Instead, with the perfect storm in the real estate finance tech sector, we missed our net fy23 goal by over $700,000. This had led us to suspend our technology solutions conference given that ice and others were encroaching into the technology space. Our members may be better served if we weaved technological content throughout all appropriate conferences so every member could take advantage of our technology sessions.
Membership mba's membership includes businesses from all segments of the real estate finance industry. We ended 2023 with more than 2,225 total members. Educationmba education provided training and development to over 40,000 real estate professionals representing single-family and commercial/multifamily lending during the fiscal year ending september 30, 2023. Training is provided through a mix of delivery formats including classroom-based courses, instructor-guided online courses, certification and designation programs, webinars, and web-based self-study courses. Across mba education's live programming and self-paced offerings, the department offers nearly 450 training programs covering all facets of the industry. During the year, mba education launched Mortgage banking bound, a new college certification program aimed at educating and attracting new residential Mortgage professionals to the industry. Our 3-course flagship program, the school of Mortgage banking, combined to train nearly 1,200 students. Successful completion of the three courses results in students being awarded the accredited Mortgage professional (amp) certification. Mba education's certification and designation programs continued to be a significant benefit to industry professionals. During the fiscal year, over 1,300 individuals enrolled in one of mba education's seven certification and designation programs. Mba's highest designation, the certified Mortgage banker (cmb), celebrated its 50th anniversary with close to 60 industry professionals achieving the prestigious certification.