The Mortgage Bankers Association, often referred as MBA, is an organization that prestigiously represents the real estate finance industry. With headquarters in Washington DC, the MBA employs more than 280,000 people that are scattered in every state throughout the country. This institution ensures the continued strength of the United States’ residential and commercial real estate markets while enabling access to proper loan vehicles that allow all Americans to enjoy the benefits of home ownership through the organization’s expert financial literacy assistance.
The Mortgage Bankers Association also serves as the industry’s voice, particularly on issues pertaining to lending and mortgage legislature and regulations. The MBA sets the standards for open and fair practices for the entire real estate industry by creating an environment that promotes innovative business tools and training real estate professionals.
Mike Bergum, current Branch Manager of Marketplace Home Mortgage in Stillwater, Minnesota, is an active and contributing member of the Mortgage Bankers Association. Marketplace Home Mortgage is the prime provider of real estate and mortgage solutions for all borrowers. Under the leadership and management of Mike Bergum, Marketplace Home Mortgage is proud to offer an entire suite of lending options under one institution. Marketplace Home Mortgage has a reputation of being the best in service and mortgage solutions.
As with the Mortgage Bankers Association, Mike Bergum sets clear and achievable standards for Marketplace Home Mortgage. Only the most competent and experienced loan officers are paired with each client in order to deliver the perfect loan option tailored for every client’s unique needs. Marketplace also streamlines the lending process by offering a variety of lending programs to select from with just a single application.
Since Marketplace Home Mortgage completes every step of the lending process in-house – including processing, underwriting, closing and funding – quality control and adherence to strict closing dates are maintained with any challenges addressed quickly and decisively. Mike Bergum’s staff is able to compete with any other lender through their wide loan program options, competitive rates, costs, and terms.