Established January 2003
In January 2003, the Mortgage Bankers Association of Alabama, Inc. (hereafter known as MBA of Alabama) established a scholarship program to recognize and provide financial assistance to outstanding Alabama students and to promote the benefits and purpose of the MBA of Alabama.
The scholarship(s) are designed for students whose studies are directed towards the mortgage banking or mortgage-financing field (i.e.: finance, real estate, banking, accounting or economics). The funding of the scholarship program is provided from the MBA of Alabama operation revenues.
The president appoints the scholarship committee, which consists of eight MBA of Alabama members. The committee reviews the applicants and presents the award recommendations to the board for a final selection. The first scholarship committee was appointed for two years and led by Mr. Al Hethcox. The first scholarship team consisted of: Mr. Don Ellis, Mr. Mike O’Connor, Ms. Barbara Brown, Ms Holly Mattson, Mr. Kelly Johnson, Mr. Mike Newton, Mr. David Mays and Mr. John Andrews.
Scholarship applications are accepted throughout the year, with the cut-off date being the 31 st of March. The winner(s) will be selected in April each year and the scholarship(s) will be awarded at the annual convention in May. The scholarship winner(s) are invited to attend all the key events and several workshops at the convention with the scholarship committee members serving as their mentors for the day.
The scholarship qualifications:
- The MBA of Alabama Scholarship is designed for students whose studies are directed towards the mortgage banking or mortgage-financing field.
- Applicants must currently be a sophomore, junior, senior or MBA Candidate in a four year accredited college/university or Masters program in Alabama
- GPA of 3.0 of 4.0 scale
- The applicant must be recommended by a member or associate member of the MBA of Alabama
- Applications must be in the hands of the MBA of Alabama Scholarship Team by the last day of March each year.