On Monday, Massachusetts Mortgage Bankers Association (MMBA) Executive Director Kristin Langone was a featured speaker at the national Mortgage Bankers Association’s annual conference in Chicago. She was invited to discuss the many innovations implemented during her first year helming the MMBA.

On Tuesday, she was fired.

Technically, the board has declined to renew her contract, which expires tonight, sources confirmed to Banker & Tradesman. Board president Elizabeth Phelan and incoming president Jerami Marshal reportedly told Langone that in a brief, 20 minute-meeting held last week the board voted against retaining her.

Langone did not immediately return calls seeking comment.

A contract clause stipulates that negotiations should have begun 90 days before the end of the contract, but they did not.

With Langone’s contract set to expire at midnight, it was not clear whether a replacement has yet been chosen or whether the board has any candidate in mind for the role.

Calls to Phelan and Marshal were not returned. Other board members reached by Banker & Tradesman declined comment.

The board reportedly told staff it would consider last year’s runner-up candidates for the post as replacements.

Former MMBA Executive Director Kevin Cuff, who led the organization for nine years before departing last fall and would be a logical choice as an interim replacement, told Banker & Tradesman he had "no interest" in returning to the MMBA.

Cuff currently serves as executive director of the Community Mortgage Lenders of America, a Washington, D.C.-based lobbying group for middle-market mortgage companies and banks.