A luminary is defined as “a person who inspires or influences others.” And that type of person is exactly who PROGRESS in Lending is looking to honor. Right now the market is filled with uncertainty.Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting, recently said of mortgage applications, “Ongoing trade tensions between the U.S. and China led to volatile, yet declining Treasury rates. Despite lower borrowing costs, refinances were down from their recent peak two weeks ago, but still remained over 150 percent higher than last August, when rates were almost a percentage point higher. Purchase applications increased 1 percent last week and were 5 percent higher than a year ago. Consumers continue to act on these lower rates, but the volatility in the market is likely leading some borrowers to pause refinancing and buying decisions.”
What does this mean? The lending market will remain in flux for some time to come. But a true Lending Luminary will better handle and navigate constantly fluctuating market conditions. These mortgage bankers, lenders, servicers, technology executives, consultants, etc. will help their companies and this industry thrive. In exchange for their tireless effort, we at PROGRESS in Lending are launching our first ever Lending Luminary Award. These executives deserve to be recognized for their industry vision and leadership. So, apply now
Fill out the information below on behalf of yourself or the person you are nominating for this honor. Note: If you are entering yourself for this honor you will have to enter some information twice. Please make sure that all fields are completed.
After you have completed Step One by 1.) filling in every field and 2.) hitting the Send Button move on to Step Two in order to make payment.
Click the Buy Now Button to pay the small processing fee of $125.
Once you have 1.) filled in every field in Step One, 2.) hit the Send Button in Step One and 3.) made payment in Step Two your application is completed. All three tasks must be completed in order for us to consider your application. Further, all applications must be received on or before Friday, October 4. Winners will be announced at the 9th Annual ENGAGE Event to be held at the MBA Annual in Austin, Texas.