Board Spotlight: Linda McCoy Kelly Coggins

Have you ever looked through the past-presidents section on the NAMB.org website? It’s great to see the faces of the many leaders throughout the organization’s history who helped mold the National Association of Mortgage Brokers into what it is today; however, something is missing from that list. There are only three females out of around forty names who have held the top role of President of the association. If you needed proof that the mortgage industry is a male-dominated field, you don’t have to look much further than that.

Still, times are changing, and the gender gap is narrowing at NAMB. NAMB is about to welcome another woman to the ranks of President this October: Linda McCoy. So, what does it take to make it to the top, and why have so few been successful? If Linda is any indication of what you need to be a female leader in the industry, you will see that strong will, determination, and a love of the industry are paramount. Linda has been making the necessary connections and taking on more responsibility for years. She has a long history with NAMB.

Linda opened Mortgage Team 1, Inc., a woman-owned business in Mobile, Alabama in August of 2002. It’s a business she runs with the help of her Husband, Tiffany McCoy, her daughter, Jamie Frampton, and hard-working staff. Before that, Linda managed Chase Manhattan Mortgage Corp in Mobile. She has also worked at Wells Fargo Home Mortgage and Citizens Industrial Bank. Linda was a top originator at all of those companies but realized she still had a lot to learn. That is when she turned to NAMB. Linda stated, “NAMB had a great education platform in 2000, the best in the industry. I took a NAMB 24-hour course from the Alabama Mortgage Broker Association back then called the Residential Mortgage Loan Specialist, and that is when I decided that I needed to join my state association and NAMB.”

Linda got started as part of NAMB’s delegate council because she served on the AMBA Board of Directors as PresidentElect and then President. She was sent to Washington, DC. as an AMBA State Delegate. That is where Linda felt the power behind an association. “There was a couple of hundred people in DC that year. Paul Mondor, an Attorney with the Federal Reserve, was speaking, and you could tell that he was going to try to eliminate brokers. I stood up and spoke out against what he was doing. That is when I decided one person can make a difference and that one person can be me.” After that trip, NAMB’s Government Affairs Committee asked Linda to join. That led to being on the Membership Committee and the Education Committee.

Even though Linda volunteers a lot of her time and leads a successful company, she still takes loan applications daily. “I love helping people. We help everybody. It is my mission in life. Every time someone walks in the door, I get excited. It is a challenge. I love it.” And NAMB is excited about her walking through this door of opportunity. NAMB will usher in Linda McCoy as President of the National Association of Mortgage Brokers this October at NAMB National 2021 in Las Vegas, Nevada. You can sign up to attend online here: https://namb.org/page/NAMBNational2021. SUMMER 2021 | NAMB.ORG 23