MBA, NAHREP Forge Partnership to Train and Recruit Hispanic Mortgage Bankers

MBA, NAHREP Forge Partnership to Train and Recruit Hispanic Mortgage Bankers

WASHINGTON, D.C. – June 2, 2015 – (RealEstateRama) — The Mortgage Bankers Association (MBA) and the National Association of Hispanic Real Estate Professionals (NAHREP) announced today a new partnership between the organizations to work together to advance NAHREP’s goal of advancing sustainable Hispanic homeownership and MBA’s goal of offering training and education to prospective and current mortgage professionals.

“The American Dream, to own your own home, is embraced by more people, from more backgrounds, than ever before,” David H. Stevens, President and CEO of MBA said. “And yet real challenges remain for many Americans, especially first-time homebuyers, the self-employed, and new Americans, to access credit. To serve our diverse customers, the real estate finance industry needs a diverse workforce. I’m proud of this new partnership with NAHREP and I am confident it will help members of both organizations better serve their clients.”

“The housing industry needs a workforce that reflects today’s diverse home buyer population.” said Gary Acosta, NAHREP co-founder and CEO, “There are incredible career opportunities in real estate finance and the Mortgage Bankers Association is doing some of the most innovative work in attracting new entrants into the industry. In support of its mission to advance sustainable Hispanic homeownership, NAHREP is delighted to partner with the MBA to help introduce the mortgage business to Latinos and other growing populations.”

NAHREP is the largest trade association in America whose members primarily serve Hispanic homebuyers and sellers. MBA is the primary national association representing the real estate finance industry. NAHREP and MBA share an interest in increasing the number of Latinos employed within the housing finance industry as part of an overall effort to increase access to homeownership for Latinos. As part of their recently announcedHispanic Wealth Project, NAHREP has established a goal to double the number of Latinos employed in housing finance over the next 10 years.

The two organizations will collaborate on marketing MBA’s Mortgage Banking Bound education program to its current and prospective members, colleges and universities with considerable Latino enrollments, identifying and recruiting Latino instructors for Mortgage Banking Bound, and raising money for Mortgage Banking Boundscholarships.

For more information on Mortgage Banking Bound, click here.

For more information on NAHREP, click here.

For more information on MBA, click here.

CONTACT
Ali Ahmad

(202) 557- 2727

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MBA

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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