Robert Broeksmit, a career mortgage industry executive, will succeed David Stevens as the president and CEO of the Mortgage Bankers Association.

Broeksmit is currently president and chief operating officer of Treliant Risk Advisors, a financial services consulting firm headquartered in Washington.

Robert Broeksmit
Robert Broeksmit

Before that, Broeksmit held various leadership positions in the mortgage industry, including as president of B.F. Saul Mortgage Co. and executive vice president of its parent company Chevy Chase Bank from 1996 to 2010, leaving after the integration of the bank into Capital One.

He was also the vice president of direct consumer marketing and sales at Prudential Home Mortgage from 1989 to 1996. Prudential was acquired by Norwest in 1996; Norwest merged with Wells Fargo in 1998.

"The MBA has never been stronger, and we have full confidence that Bob is the right person to take the MBA to even greater heights," David Motley, the trade group's chairman, said in a press release. "He brings with him decades of industry knowledge and leadership experience at a time when our industry is facing great change and disruption."

Stevens is retiring as the MBA's president and CEO on Sept. 30, after seven years in the position. Broeksmit will start on Aug. 20 so there is a transition period of several weeks.

"Our industry, particularly on the residential side, is facing headwinds, and I look forward to working with the MBA team to address all business, legislative, and regulatory issues ahead of us to ensure the residential, commercial, and multifamily real estate markets remain healthy and vibrant," Broeksmit said.

Broeksmit also served as the chairman of the MBA's residential board of governors and as chairman of the American Bankers Association's mortgage markets committee.