Alliance builds next gen diverse talent to engage and care for millions of American homeowners representing $1+ trillion in outstanding mortgages
Sagent, a fintech company modernizing mortgage and consumer loan servicing for America’s top banks and lenders, announced a partnership with the National Association of Minority Mortgage Brokers of America (NAMMBA) to shape the future of the servicing industry to reflect and embody the diverse American population it serves.
“Partners like Sagent help NAMMBA turbocharge its mission of housing market inclusion and growing the next generation of diverse innovators.”
NAMMBA partners with banks, lenders, and fintechs to foster diversity and inclusion within these firms, bring financial literacy education to consumers, and mentor students and recent graduates as future innovation, diversity, and financial literacy leaders.
“Sagent powers loan servicers with a digital-first yet humanized consumer experience, and NAMMBA helps Sagent reflect the values and priorities of consumers we ultimately serve,” said Dan Sogorka, CEO and President of Sagent and a NAMMBA Visionary. “Per NAMMBA, 75% of all first-time buyers will be women, millennials, or people of color over the next five years, and Sagent will continue recruiting and mentoring team members who reflect this market.”
According to NAMMBA, 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. Banks, lenders, and fintechs best aligned with this market will have the most success.
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“Because Sagent powers more than $1 trillion in outstanding mortgage balances for millions of American homeowners, they can be very influential in driving consumer financial literacy and mentoring future leaders that reflect the diversity and values of this country,” said NAMMBA Founder / CEO Tony Thompson, CMB. “Partners like Sagent help NAMMBA turbocharge its mission of housing market inclusion and growing the next generation of diverse innovators.”
