Mortgage Industry Benchmarking Association
(MIBA™) is currently a free association of professionals
within mortgage companies. MIBA™ conducts benchmarking
studies to identify practices that improve the overall operations
of the members.
Mission
To identify "Best in Class" mortgage
industry business processes, which, when implemented,
will lead member companies to exceptional performance.
Objectives
To conduct benchmarking studies of
important mortgage industry processes.
To create a cooperative environment where full understanding of the performance
and enablers of "best in class" mortgage industry processes can be
obtained and shared at reasonable cost.
To use the efficiency of the association to obtain process performance data
and related best practices regarding mortgage industry management.
To support the use of benchmarking to facilitate mortgage industry management
process improvement and the achievement of accuracy, timeliness and efficiency.
Membership
The scope of MIBA™ membership
includes individuals who work in mortgage industry organizations.
Company membership will be considered with respect to compliance with MIBA™ mission,
goals and operating guidelines, as well as, qualification of the organization
within the scope of membership.
Participation in specific efforts will be optional and open only to members
with costs shared by the participants. Members pay only if they join a specific
study. Currently, membership in MIBA™ is free. We reserve the right to
review membership applications and to make the final decision whether or not
to accept any application. Consulting firms are ineligible for membership.
Benefits of
Membership
Studies:
MIBA™ will identify and present
to members opportunities to participate in Benchmarking
studies on various topics addressing issues of importance
to the mortgage industry.
There are two types
of Benchmarking studies provided:
Consortium studies are offered to
the membership as a whole with costs divided.
Single company sponsored studies addressing the interest of one member company
can be offered to other selected members for no fee.
The association
will also support mortgage industry management benchmarking
efforts:
Research -
Access public and private databases.
Identify study
participants - Top
companies in the mortgage industry and other selected
industries.
Collect data -
Manage response collection with the participants as
a third party.
Lead site visits -
Structured with best participants.
Roundtables:
Interest group roundtables will be
organized throughout the year. Members will pay a nominal
fee to join real and virtual roundtable discussions
that address specific mortgage industry processes.
Cost:
Currently, membership in MIBA™ is
FREE! Costs of studies are shared by the
participants.
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