NAMMBA Announces Partnership with ServiceLink
ServiceLink increases commitment to better serve today's rapidly changing housing market
"We're extremely excited to partner with ServiceLink,"
Through this partnership, ServiceLink will deepen its relationships within the communities in which it currently conducts business, creating 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 concern across the industry about a stagnant or shrinking housing market, purchase mortgage opportunity is not only growing, 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 opportunity in 2020, which amounts to 24.2 percent of all purchase dollar opportunities.
"At ServiceLink, we're committed to linking what matters – and that includes strong connections to purpose-driven organizations like NAMMBA," says Caitlin Green, SVP, head of marketing and communications at ServiceLink. "This partnership is an important step in bolstering our organization's influence and impact on the development of meaningful programs that impact students, real estate professionals, and policies – and lead to stronger organizations."
ServiceLink is the nation's premier provider of digital mortgage services to the mortgage and finance industries. ServiceLink leads the way by delivering best-in-class technologies, a full product suite of services and proven experience, built on a foundation of quality, compliance and service excellence. ServiceLink provides valuation, title and closing, and flood services to mortgage originators;
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 about NAMMBA, please visit: http://www.nammba.org.