NAMMBA Announces Partnership with Banner Bank
Banner Bank increases commitment to better serve today's rapidly changing housing
"Banner Bank is stepping up their commitment to workplace culture and diversity by partnering with NAMMBA," says NAMMBA Founder/CEO Tony Thompson, CMB. "By taking this step they are broadcasting their intent to create a more diverse and inclusive workplace that reflects the communities they serve."
Through this partnership with Banner Bank, NAMMBA will roll out a comprehensive strategy to engage Banner Bank's employees via access to focused training, new hire programs, and leadership development. NAMMBA will position Banner Bank to support the communities in which it currently conducts business and create an economic opportunity that focuses on business development for minority brokers while meeting the housing needs of underserved areas.
According to NAMMBA, over the next five years, 75 percent of all first-time home buyers will be women, millennials, or people of color. Although there is a concern across the industry about a stagnant or shrinking housing market, purchase mortgage opportunity is not only growing, but it's changing. According to NAMMBA's most recent mortgage market forecast, the three largest diverse borrower groups (Asians, African Americans, and Hispanics) generated more than $292 billion of purchase opportunities in 2020, which amounts to 24.2 percent of all purchase dollar opportunities.
"We understand we have a role in accelerating social and racial equality which is why we actively look for ways to seek and support diversity in the workforce," said Ken Larsen, Executive Vice President, and Mortgage Banking Director. "That's why we are pleased to partner with NAMMBA as it provides an additional way to support and develop our mortgage team members."
The National Association of Minority Mortgage Bankers of America is a purpose-driven organization that is dedicated to the inclusion of minorities and women in the mortgage industry who are advocates for sustainable homeownership in local communities. To fulfill its mission, NAMMBA provides programs and initiatives to introduce minorities and women into the mortgage industry, including recruiting, advisory, networking, and training for enterprises and individual professionals.
For more information, visit: http://www.nammba.org.