Texas Mortgage Bankers Association - TMBA
Future Leaders

FUTURE LEADERS CORPORATE SPONSORS 2016

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TMBA FUTURE LEADERS/JAMES M. WOOTEN SCHOLARSHIP [brochure]

The TMBA Future Leaders Program is dedicated to identifying and cultivating the next generation of industry leaders by awarding scholarships to the MBA Future Leaders program.

The scholarship was developed in 1993 and has since become the primary focus for the Future Leaders committee. Now called the Future Leaders/James M. Wooten Scholarship, the program was designed focus on developing leaders who will guide our organization and our industry in the years to come.

Scholarship winners participate in a CampusMBA series which features three hands-on, executive-level sessions geared toward political activism; business analysis and problem solving; and experiential learning through collaboration, networking and peer group interaction.

The scholarship covers the tuition for the MBA Future Leaders program. Participants are also responsible for travel and accommodations related to each session.

HISTORY | JAMES M. WOOTEN

James M. Wooten is a legend in mortgage banking in the United States and will always be a model of the best in the mortgage banking profession and industry. In the 1970s and 1980s, he was the President and CEO of Lomas & Nettleton Financial Corp. which grew to be the second largest mortgage banking firm in the country at that time.  Jim Wooten was an innovator, perpetually seeking and finding more efficient processes to make available a wide array of loans for home buyers in this country.

Jim Wooten was an acknowledged leader in the entire mortgage banking industry.  He was President of the Texas Mortgage Bankers Association in 1982 and President of Mortgage Bankers Association of America in 1983.

While Jim Wooten was a fierce competitor and advocate for his own company, he was, without any exception ever, considerate, respectful and collegial with competitors and others in the industry.  Jim Wooten showed every day that you can be competitive without being contentious. Kindness and decency were his hallmarks.

Moreover, Jim Wooten was generous with his experience and knowledge. He always took the time to mentor, teach, and assist young people becoming mortgage bankers. That is why the TMBA Board of Directors decided in 1997 to designate the YMB Scholarship Award be changed to the James M. Wooten Scholarship Award.

WHO SHOULD APPLY [brochure][application]
  • Real estate finance professionals with a minimum of 4-6 years industry experience can apply, but longer tenures are certainly welcome as there is something for everyone.
    Full-time employees of Regular or Associate TMBA and MBA member firms.
  • Individuals who have demonstrated a commitment to a career in real estate finance through professional excellence and achievement.
  • Participants are selected based on professional and academic achievements and recommendations from their company presidents or chief executive officers (or the equivalent). Additional recommendations are encouraged.

NOTE: Each Future Leaders/James M. Wooten Scholarship receipient is asked to return to Texas and share their experience and knowledge from MBAs Future Leaders program. TMBA would also encourage each individual to volunteer at the state level.

CURRICULUM | SCHEDULE | SESSIONS [brochure]

Members of each class participate in a series of three seminars throughout the year focusing on leadership, the Federal legislative process, business analysis and decision-making. Because peer learning is an integral component of the Future Leaders curriculum, participants should commit to attending each session. Class members also participate in conference calls related to group projects.

Schedule of Events

Spring Session: Leadership Development & the Federal Legislative Process
Held in conjunction with MBA's National Advocacy Conference, Washington, D.C.

  • Gain a greater understanding of the characteristics of leadership
  • Participate in MBA's National Advocacy Conference and learn about the federal legislative and regulatory processes and the important issues facing the real estate finance industry
  • Receive an introduction to lobbying and gain an understanding of its importance to the legislative process
  • Join other MBA members and meet with elected representatives in Congress during the National Advocacy Conference's Annual Lobby Day

Summer Session: Group Assignment
Washington, D.C.

  • Participants are divided into teams for a group project
  • MBA develops a project theme related to the real estate finance industry. While past projects have dealt with economic development and the federal political process, the project is different each year
  • Participants have a chance to utilize their leadership skills, project management skills and industry experience on a unique project
  • Team members work together after the summer event to put together a project that is judged by individuals familiar with its objectives
Fall Session: Closing Session and Graduation Ceremony
Held in conjunction with MBA's 100th Annual Convention, Washington, D.C.

  • During a special session, class members present their projects to a panel of judges and convention participants
  • A winning project is selected based on pre-defined criteria and announced at the graduation ceremony
  • Participants also have a chance to experience all that the MBA Annual Convention has to offer: general sessions, workshops, networking events and the exhibit hall
Because the Future Leaders Program has three sessions that are interrelated, and each is an integral component of the curriculum, participants should commit to attend each session and fully participate in team assignments and activities.
HOW TO APPY [brochure][application]

Scholarship applications are accepted each year by NOVEMBER 1st. If you are interested in applying contact the TMBA office. You can download and complete the Future Leader scholarship application and return to the TMBA office: www.texasmba.org/docs/fml_scholarship_ap.pdf

mail:
TMBA / Future Leaders
823 Congress Ave Ste 220
Austin, Texas 78701

fax:
512.480.8621

email:
info@texasmba.org

*The MBA program has delivered a top curriculum of leadership and business management to the real estate finance industry's most promising professionals- identifying and cultivating the next generation of leaders for the real estate finance industry!

Participants must be members of TMBA and the Mortgage Bankers Association.
[brochure][application]
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