NAMMBA Announces Partnership with Newfi Lending
Newfi Lending reinforces its commitment to diversity and inclusion through the ASIL program
— Steve Abreu, CEO and Founder of Newfi Lending
ORLANDO, FL, UNITED STATES, June 17, 2022 /EINPresswire.com/ — The National Association of Minority Mortgage Bankers of America (NAMMBA) today announced a partnership with Newfi Lending as a bronze sponsor as part of efforts of NAMMBA to bring about positive change with the housing needs of underserved communities and with the development of a more diverse mortgage workforce.
“We are extremely excited to partner with the Newfi Lending team,” said NAMMBA Founder/CEO Tony Thompson, CMB. “Like us, it has a strong commitment to diversity and inclusion, and a leadership team that is committed to representing all of the communities in which it operates.”
Through this partnership with Newfi Lending, we will pursue an ASIL (Accredited Social Impact Lender) certification. This will engage Newfi employees through access to targeted training, new hire programs and leadership development. It will also position the mortgage lender to support the communities in which it currently operates; create economic opportunities focused on business development for minority brokers and meet the housing needs of underserved areas.
According to NAMMBA, over the next five years, 75% of all first-time home buyers will be women, millennials, or people of color. Although the industry worries about the housing market stagnating or contracting, the opportunities to buy mortgages aren’t just growing, they’re changing. According to the latest NAMMBA Mortgage Market Forecast, the three largest diverse borrower groups (Asians, African Americans and Hispanics) generated more than $292 billion in buying opportunities in 2020, representing 24 .2% of all dollar buy opportunities.
“Newfi is honored to take this step forward with NAMMBA to better serve our borrowers and impact our industry,” said Steve Abreu, CEO and Founder of Newfi Lending. “This partnership will allow our organization to expand our diversity, equity and inclusion initiatives internally and through our wholesale and direct sales channels.”
About Newfi Loans
Founded in Emeryville, CA in 2014, Nexera Holding LLC, dba Newfi Lending is a growing wholesale and direct mortgage lender focused on non-QM originations. Their mission is to revolutionize the way people fund their future by delivering innovative solutions, cultivating a people-centric mindset, and being transparent every step of the way.
For more information visit: http://www.newfi.com
The National Association of Minority Mortgage Bankers of America is a purpose-driven organization dedicated to the inclusion of minorities and women in the mortgage industry who champion sustainable homeownership in local communities. To fulfill its mission, NAMMBA offers programs and initiatives aimed at bringing minorities and women into the mortgage industry, including recruiting, consulting, networking and training for companies and individual professionals.
For more information visit: http://www.nammba.org
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