President and CEO of the Mortgage Banker’s Association (MBA) David H. Stevens has set his retirement date for September 30, 2018. Stevens will continue to lead the MBA until that time as a diverse and recently formed MBA member search committee identifies new candidates for the role.
"With my cancer in remission, focusing on family, friends and staying healthy is my priority," Stevens said in a statement. "This was a difficult decision; it's hard to walk away from supporting an industry that shaped my career. It's been an honor to work with the talented staff, strong leadership and diverse membership of the MBA."
Under Stevens’ rebranding, the association’s membership growth surpassed expectations over consecutive years and his leadership restored the MBA to financial-health."I'd like to applaud Dave for his years of dedicated service to the industry and wish him nothing but health and success in the years to come," said Five Star Institute President and CEO Ed Delgado. "We look forward to continuing to work together with the MBA and other industry trade associations on our shared purpose of strengthening of the industry and homeownership."
"We all support Dave in his decision," said David Motley, 2018 MBA Chairman. "MBA has never been stronger and is well positioned to manage this transition. Dave has given his heart and soul to MBA for nearly seven years and on behalf of the entire membership, we are incredibly grateful for his leadership."
In 2011 Stevens, was an essential part of creating the MBA Open Doors Foundation, founded to help families with critically-ill children. Five years later, Stevens was diagnosed with cancer.
Immediate past MBA chairman Rodrigo Lopez is currently head of the search committee, which makes up 12 volunteer MBA members.
Editor's Note: A previous version of this story indicated that Stevens would be stepping down effective September 30, 2017. In fact, his resignation is effective September 30, 2018. We apologize for the error.