AMBA History

The history of AMBA, as submitted by Edna V. Latimer, Executive Secretary AMBA (1972-2010 retired)

AMBA was incorporated in April, 1955 in Fulton County, Atlanta, GA. The application for tax-exempt status from IRS for a 501(c)(6) was filed on May 28, 1976, by Alan Dailey (Treasurer,) Don Bailey, (President,) Ernest Tharpe, (Vice President) and Robert Hearn, (Secretary). Peter Banks and Stan McCalla were attorneys for the Atlanta Mortgage Bankers Association and served as the contact with the State and National governments.

The purpose for which the organization was formed was to sponsor monthly luncheon meetings and other activities for employees of member firms who are mortgage bankers and affiliated firms. Each member firm paid $25 annual dues in addition to luncheon and dinner fees for officers and employees. Regular Members consisted of Mortgage Banking firms, originating and servicing loans for others. Affiliate members consisted of any firm in business related to real estate financing.

When The state association, MBAG, was chartered in 1972, AMBA became a chapter of MBAG. In 1979, under the presidency of Bob Hearn, my firm assumed full management of AMBA, with myself serving in the role of Executive Secretary. It was a pleasure and privilege working with Atlanta Mortgage Bankers Association and the Mortgage Bankers of Georgia for 37 or so years. I was a part of the (founding) of MBAG….not so with AMBA, so the first few years of AMBA is taken from the few records that were turned over when my firm was asked to assume management of AMBA along with MBAG.

I have many happy memories of my association with AMBA, and count many as friends.

Edna V. Latimer, Executive Secretary AMBA (retired)

Bylaws

The earliest record of officers available is circa 1967: