FICO Partners with the National Association of Minority Mortgage Bankers of America to Accelerate Community Lending in Underrepresented Communities
29 Julio 2024 - 7:00AM
Business Wire
FICO, a leading analytics software company, is partnering with
the National Association of Minority Mortgage Bankers of America
(NAMMBA) to help educate and train mortgage professionals on
financial wellness and how to support their communities from a
social impact lending perspective. The new collaboration is
expected to incentivize more lenders to obtain NAMMBA’s Certified
Community Lender (CCL®) certification.
NAMMBA’s Certified Community Lender™ certification is a rigorous
training and certification program that sets the benchmark for
excellence in social impact lending. This designation, awarded to
less than 5% of mortgage professionals, signifies their commitment
to high levels of education, ethical standards, and dedication to
serve their clients' best interests.
FICO is playing a major role in educating lenders by providing
its Score A Better Future™ credit education curriculum for all
participants pursuing the CCL certification. It will also offer
resources that can be used by mortgage professionals to better
understand credit and how their clients can be best prepared and
positioned to purchase a home. With CCL certification, loan
originators will play a crucial role in promoting homeownership and
fostering generational wealth in diverse communities.
"We are ecstatic to welcome FICO as an ELITE Partner in our
mission to positively impact the mortgage industry. This
collaboration will help us expand the reach of our Certified
Community Lender program, ensuring that more loan originators are
equipped with the knowledge and skills to serve underrepresented
communities effectively. Together, we can drive significant
progress towards increasing homeownership and building generational
wealth among minorities, women, and the LGBTQ+ community," said
Tony Thompson, CMB, Founder and CEO of NAMMBA.
The CCL® designation is earned after an 8-session online course
that offers numerous benefits to certified professionals. These
include access to mastermind calls for business development
strategies, a course completion certificate, an annual NAMMBA
membership, and marketing collateral to promote the certified
brand.
With more than 50 million millennials eligible for homeownership
during the next decade, along with significant opportunities
arising from single women, communities of color, millennials, and
the LGBTQ+ community, the need for well-trained, ethical, and
socially conscious mortgage professionals has never been greater.
The CCL® designation program meets this need by equipping loan
originators with the tools and knowledge required to serve these
diverse groups effectively.
"FICO is delighted to support NAMMBA in its endeavor to elevate
the standards of mortgage professionals. By fostering a culture of
continuous education and ethical practices, we believe that this
partnership will not only enhance the capabilities of loan
originators but also create lasting positive impacts within the
communities they serve. We look forward to witnessing the
transformative outcomes that will arise from this initiative to
increase sustainable homeownership," said Julie May, vice
president and general manager of Scores at FICO.
In addition to being an Elite Partner, FICO is also a Title
Sponsor for NAMMBA CONNECT 2024 in Orlando, FL, from August 21-23,
2024, further emphasizing its commitment to transforming the
mortgage industry and supporting diverse communities. Mortgage
professionals who enroll in CCL training and complete the courses
will have the opportunity to receive their CCL certification at the
conference and attend a Score A Better Future breakout session on
credit education. Click here for more information:
https://www.nammba.org/fico-ccl-offer. For more information about
the CCL® designation program or to enroll, visit
NAMMBA.org/CCL.
About FICO
FICO (NYSE: FICO) powers decisions that help people and
businesses around the world prosper. Founded in 1956, the company
is a pioneer in the use of predictive analytics and data science to
improve operational decisions. FICO holds more than 200 US and
foreign patents on technologies that increase profitability,
customer satisfaction and growth for businesses in financial
services, insurance, telecommunications, health care, retail and
many other industries. Using FICO solutions, businesses in more
than 100 countries do everything from protecting 4 billion payment
cards from fraud, to improving financial inclusion, to increasing
supply chain resiliency. The FICO® Score, used by 90% of top US
lenders, is the standard measure of consumer credit risk in the US
and has been made available in over 40 other countries, improving
risk management, credit access and transparency.
Join the conversation at https://x.com/FICO_corp &
https://www.fico.com/blogs/.
For FICO news and media resources, visit
https://www.fico.com/en/newsroom.
FICO and Score A Better Future are trademarks or registered
trademarks of Fair Isaac Corporation in the U.S. and other
countries.
About NAMMBA
The National Association of Minority Mortgage Bankers of America
(NAMMBA) is a national trade association dedicated to the
enrichment and betterment of women and minorities who work in the
mortgage industry. NAMMBA’s mission is to increase the engagement
of minorities and women in the mortgage banking industry at the
local, state, and national level. NAMMBA.org
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version on businesswire.com: https://www.businesswire.com/news/home/20240729706211/en/
FICO Media Contact: Julie Huang Sr. Director, Corporate
Communications JulieHuang@fico.com NAMMBA Media Contact:
Michael Muscarella Associate Director of Creative Assets
michael.muscarella@nammba.org
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