The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
NAR continues to believe that offers of compensation are an important option to help make professional representation more accessible.
Starting out in her 20s, Rondon worked with real estate legend Faith Hope Consolo while at Garrick Aug Associates, where she spent 13 years.
NANUET—The National Association of Minority Mortgage Bankers of America (NAMMBA) recently announced a partnership with locally-based Hudson United Mortgage in NAMMBA’s effort to affect positive change with the housing needs of underserved communities and with the development of a more diverse mortgage workforce.
“We’re extremely excited to partner with Hudson United Mortgage,” 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 the communities in which it does business.”
Through this partnership with Hudson United Mortgage, NAMMBA will roll out a comprehensive strategy to engage the more than 60 employees via access to focused training, new hire programs, and leadership development, and position the organization to support the communities in which it currently conducts business.
According to NAMMBA, over the next five years, 75% of all first-time homebuyers 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, 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% of all purchase dollar opportunities.
“We are excited about our partnership with NAMMBA to further advance our diversity efforts, “said Daniel Rand, President of Home Services at Hudson United Mortgage. “The Hudson United Mortgage team is dedicated to providing a superior experience for our clients and look forward to enhancing our ability to serve our diverse client base.”
Hudson United Mortgage, Title, and Insurance are a family of companies with common ownership dedicated to making the process of buying a home easier and more affordable. Hudson United Mortgage Services, LLC is a mortgage abstract company licensed in New York, New Jersey, Connecticut, and Florida. Hudson United Title Services, LLC is an independent title insurance abstract company licensed in New York and New Jersey. Hudson United Insurance Services, LLC is an insurance abstract company licensed in New York and New Jersey.
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
NAR continues to believe that offers of compensation are an important option to help make professional representation more accessible.
Starting out in her 20s, Rondon worked with real estate legend Faith Hope Consolo while at Garrick Aug Associates, where she spent 13 years.
“The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” said NAR Chief Economist Lawrence Yun.
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