NAMMBA Announces Partnership with Plaza Home Mortgage

ORLANDO, Fla. - June 16, 2021 - PRLog -- The National Association of Minority Mortgage Bankers of America (NAMMBA) announced today a partnership with Plaza Home Mortgage, Inc.(R), one of the nation's leading wholesale and correspondent mortgage lenders. Plaza's partnership will further NAMMBA's efforts to affect positive change with the housing needs of underserved communities and with the development of a more diverse mortgage work force.

"We're extremely excited to partner with Plaza Home Mortgage," said NAMMBA Founder/CEO Tony Thompson, CMB. "Like us, they have 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 Plaza, NAMMBA will provide additional ways to engage Plaza Associates with training, new hire programs and leadership development. This will help the company continue to serve the communities in which it conducts business and create economic opportunity that focuses on business development for minority brokers.

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.

"Plaza is committed to raising awareness on how to help minority borrowers and underserved communities achieve the American dream of homeownership," said Jeff Leinan, Plaza's Executive Vice President of National Wholesale Production. "We are proud to partner with NAMMBA and take another step in the right direction."

About NAMMBA

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 Plaza Home Mortgage

Founded in 2000, Plaza Home Mortgage, Inc. is a privately owned, full-service national correspondent and wholesale lender. Headquartered in San Diego, Plaza is dedicated to building quality, long-term relationships with its correspondent and mortgage broker clients by offering a wide variety of programs and an exceptional client experience.

For more information, visit www.plazahomemortgage.com or call 866.260.2529.