BAC's Leadership Change: A New Chapter for Mortgage Brokers

Broker Action Coalition Unveils New Leadership Structure

Recently, the Broker Action Coalition (BAC), an essential voice for independent mortgage brokers nationwide, announced a significant leadership transition aimed at enhancing its influence and effectiveness in the industry. This strategic shift comes at a time when the organization is poised for further growth and success in advocating for the rights of mortgage brokers and homebuyers alike.

Rachel Clark Takes the Helm as Executive Director

Rachel Clark, previously the Director of Advocacy at BAC, is stepping into the role of Executive Director. Her journey with the organization has been remarkable, starting as a Texas State Captain and taking on influential positions, including Co-Chair of the State Government Affairs Advocacy Council. In her capacity as Director of Advocacy, Rachel was instrumental in driving key initiatives that supported the organization’s mission to empower mortgage brokers throughout the country.

Commitment to Advocacy

Rachel's extensive background and dedication to advocating for independent mortgage brokers make her the ideal leader to guide BAC into its next chapter. With her leadership, BAC aims to continue its impactful work and serve as a crucial platform for mortgage brokers who are essential in helping countless Americans achieve their homeownership dreams.

Katie Sweeney Transitions to Board Advisor Role

In conjunction with Rachel's appointment, Katie Sweeney, who has served as the Chief Executive Officer since the inception of the organization, will transition into the role of Board Advisor. Sweeney’s insights and guidance have been invaluable to BAC’s development, and in her new position, she will continue to support the organization's strategic direction and advocacy efforts.

Reflecting on an Incredible Journey

“The last two and a half years working to launch, then lead, the Broker Action Coalition and the BACPAC have been nothing short of incredible. I’m grateful to Brendan, the BAC team, our unwavering advocates, and gracious donors who made it all possible,” expressed Sweeney. She emphasized her eagerness to continue building upon the foundation established during her tenure as a Board Advisor, ensuring that the organization remains at the forefront of the broker community.

Brendan McKay Continues Advocacy Efforts

Brendan McKay will persist in his vital role as Chief Advocacy Officer, focusing on furthering the organization’s advocacy initiatives and cultivating relationships with pivotal stakeholders within the industry.

Staying Committed to Important Initiatives

McKay remarked, "Our leadership remains dedicated to the mission and values that have driven our success. We are grateful for Katie's visionary leadership and excited about the journey ahead under Rachel's guidance and our Board of Directors." He further stated, “Our fight in Washington is not yet done. In 2025, we remain committed to leading the charge to pass trigger lead legislation, advocating for the broker channel and American homebuyers.”

Strengthening Relationships and Engagement

As BAC moves forward, it remains steadfast in strengthening its relationships with lawmakers and industry stakeholders. With initiatives like the annual Advocacy in Action event scheduled from April 8-10 in Washington, D.C., the organization is gearing up to push for further advancements that benefit both mortgage brokers and the clients they serve.

A Vision for Inclusive Homebuying

The Broker Action Coalition continues to advocate for inclusive homebuying policies, addressing the needs of Veterans, minorities, and underserved communities. By leveling the playing field between independent mortgage brokers and larger retail banks, the BAC strives to facilitate access to homeownership for a broader demographic.

About the Broker Action Coalition

The Broker Action Coalition (BAC) stands as a vital advocacy group uniting mortgage brokers and their supporters who are passionate about safeguarding the rights of brokers and homebuyers nationwide. The organization is focused on creating equitable opportunities for our nation's diverse communities, ensuring that the dream of homeownership is attainable for everyone. Their work emphasizes inclusive policy changes to support varied needs within the community.

Frequently Asked Questions

What is the main goal of the Broker Action Coalition?

The primary aim of the Broker Action Coalition is to advocate for the rights of independent mortgage brokers and enhance homebuyer access to affordable housing.

Who is the new Executive Director of BAC?

Rachel Clark has been appointed as the new Executive Director, succeeding Katie Sweeney.

What role will Katie Sweeney play in BAC moving forward?

Katie Sweeney will serve as Board Advisor, providing strategic guidance to the organization.

What initiatives is BAC planning for 2025?

BAC is committed to leading the charge for trigger lead legislation and organizing their annual Advocacy in Action event in 2025.

How does BAC support diverse communities?

BAC advocates for inclusive homebuying policies that address the needs of Veterans, minorities, and underserved populations, ensuring equitable access to homeownership.

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