Company pledges the use of its platform to support NAMMBA's consultative services
Mortgage Coach and the National Association of Minority Mortgage Bankers of America (NAMMBA) have announced an extension of their partnership which will see them collaborate on educational resources for lenders.
Through the partnership, the NAMMBA and Mortgage Coach will develop materials educating lenders on strategies that can improve homeownership affordability for borrowers. In addition, Mortgage Coach will give NAMMBA members access to its borrower conversion platform, which provides side-by-side loan comparisons, to support the association's lender consultative services. Mortgage Coach has also pledged to continue advocating for policies and practices that reduce the minority divide in the housing industry.
Read more: Minorities and mortgages: Black leaders' thoughts on closing the racial divide
"Mortgage Coach is passionate about helping build a diverse community of housing finance professionals and helping underserved communities build generational wealth with improved financing outcomes," said Mortgage Coach president Joe Puthur.
"We are dedicated to equipping mortgage lenders with technology and education to help underserved consumers benefit from homeownership. For example, Total Cost Analysis presentations that instantly model the impact of reducing monthly mortgage payments with Fannie RefiNow or Freddie Refi Possible loans and Mortgage Coach's Spanish-language borrower education each help NAMMBA's crucial industry mission succeed."
NAMMBA founder and CEO Tony Thompson described the two organizations were a good fit for each other. "As a technology platform and a corporate culture, Mortgage Coach is aligned with NAMMBA's mission of cultivating a more diverse housing finance workforce and strengthening engagement with underserved communities through improved homeownership outcomes," he said. "I look forward to growing NAMMBA's impact with the partnership of Mortgage Coach."
Read next: NAMMBA forms partnership to foster diversity and inclusion in mortgage industry
Last July, NAMMBA worked together with Finastra to create training, education, and career development resources as part of its efforts to support women and minorities in the real estate finance industry.
