WARWICK, RI — The Rhode Island Mortgage Bankers Association presented founder Kathleen Caswell its Lifetime Achievement Award and named Jayne Furlong RI’s first Certified Mortgage Professional at Crowne Plaza Nov. 22.
The audience, comprised of Mortgage professionals from across New England, gave Caswell a standing ovation during the presentation at its 2019 Annual Dinner.
“In appreciation to your role as a founder, builder, and advocate for the Rhode Island Mortgage Bankers Association, thank you, for a lifetime of exceptional work,” Tom Fleming said in announcing Caswell as the recipient of the Lifetime Achievement Award.
“I’m humbled and honored to receive this award,” Caswell said, urging attendees to continue working hard to help families achieve homeownership.
The annual event typically serves as a platform for the installation of officers and its Board of Directors. This year, RIMBA representatives also shared their priorities for 2020, honored individuals currently working in the industry, naming Furlong the first recipient of its Certified Mortgage Professional (CMP) designation.
Earning the designation requires a deep understanding of the mortgage profession and commitment to the industry, Fleming said.
Furlong said she hopes the designation reflects a heightened level of ethical professionalism to consumers and that younger individuals decide to make the mortgage profession a lifelong career.
Patrick Deady, President of RIMBA and Sr. Vice President and Director of Residential and Consumer Lending at BankFive, announced the progress being made to establish a Young Mortgage Professionals network in Rhode Island and the association’s commitment to launch a Mortgage University in 2020.
“We promise to establish the Mortgage University and hope to have it completed by next year,” Deady explained. He briefly spoke about the business climate in the industry, other association initiatives, philanthropic efforts, and local and national efforts to protect the industry, stating, “We are protecting the industry in the State House by ensuring borrowers get the funding they need. We have stayed ahead of threats by also giving testimonies against legislation that threatens to damage the industry.”