NAMMBA Announces Partnership with Class Valuation
Class Valuation increases commitment to better serve today's rapidly changing housing industry
"Partners like Class Valuation reassure me that NAMMBA is on the right path," says NAMMBA Founder/CEO Tony Thompson, CMB. "Their leadership is in step with the NAMMBA mission to create a mortgage and finance industry workforce that more accurately reflects the diversity of American homebuyers now and into the future."
Through this partnership with Class, NAMMBA will roll out a comprehensive strategy to engage team members via access to focused training, new hire programs, and leadership development, and position Class to support the communities nationwide.
According to NAMMBA, over the next five years, 75 percent of all first-time homebuyers 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.
"This partnership is an opportunity to connect with like-minded companies working hard to bring brilliant, young, diverse talent to our industry and work to promote inclusion and equity in all sectors of the real estate market," said Jon Tallinger, Chief Growth Officer at Class Valuation. "At Class, we are fully aligned with NAMMBA's mission and are committed to doing our in diversifying the workforce in the appraisal space to be more reflective of the populations of our communities."
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.
About Class Valuation
Class Valuation is a top nationwide Appraisal Management Company (AMC), delivering outstanding quality and service to every client. The company is committed to combining the best people, products, processes, and technology available to help lenders make more homeownership dreams come true. Class Valuation has consistently been ranked highly in client service by several of the nation's top ten mortgage lenders and has been recognized as a top place to work, along with receiving many other industry awards. Founded in 2009, Class Valuation is headquartered in Troy, Michigan. For more information, please visit www.classvaluation.com.
Chief Development Officer