The Mortgage Bankers Association nominated Jeff Weidell, CEO of Northmarq, as its vice chairman for 2027.
Weidell will be installed as vice chairman at the MBA's 113th Annual Convention and Expo in Chicago in October. After serving a year in the role, Weidell is expected to be chairman-elect during the 2028 membership year and serve as chairman in 2029, the MBA announced in a press release Wednesday.
"Jeff Weidell's executive leadership in both residential and commercial real estate finance, his strong record of industry advocacy and his longstanding commitment to MBA and its members make him an outstanding choice to join MBA's leadership ladder,"
Weidell currently serves on the MBA's board of directors. He leads the organization's political action committee outreach to its commercial/multifamily membership and pursues new opportunities for the MBA's newest political giving program, MORPAC Direct, including efforts to recruit donors. Weidell was honored with the 2025 Schumacher-Bolduc Award in recognition of his leadership and dedication to advancing the industry's advocacy initiatives, according to the release.
He previously served as chair of the MBA's commercial/multifamily board of governors in 2024, where he advocated for the organization's top regulatory and legislative priorities, including testifying on the MBA's behalf in front of a House committee, the release said.
Weidell was promoted to CEO of Northmarq after serving as president for the previous eight years. Under his leadership, the company has grown its loan servicing business significantly, according to the release.
Earlier in his career, Weidell was a mortgage banker, beginning at Trowbridge, Kieselhorst & Company, where he eventually became managing director of its San Francisco office.
"Throughout his career, Jeff has demonstrated an ability to lead through changing market conditions, drive innovation and deliver results," Chandler said. "MBA and its members will benefit greatly from his collaborative approach, strategic vision and commitment to advancing opportunities for real estate finance professionals, property owners, renters and the communities we serve."
MBA creates reverse lender network
The MBA also launched a Senior Mortgage Solutions Network this week. It will serve as a forum to discuss trends and challenges related to
The network meets a significant need as the population ages, the MBA said. As of 2024, 18% of the United States population was over 65. The homeownership rate for households over 65 was 78.6% that year, and those over 65 own 34.1% of owner-occupied homes, according to the U.S. Census Bureau.
"Older borrowers are a vital segment of today's housing market, and it is important for the mortgage industry to support innovative solutions that will help seniors achieve greater financial security," MBA policy manager Anthony Siller said. "I am thrilled that MBA and its member companies will be at the forefront of addressing the shared business challenges facing the senior lending market, along with ways to strengthen the long-term security and sustainability of the programs designed to serve senior borrowers."
