NAMB and NAMMBA Forge Critical Strategic Alliance to Advance Diversity and Inclusion within the Mortgage Industry

FOR IMMEDIATE RELEASE

[Washington, DC] – [June 11, 2024] – The National Association of Mortgage Brokers (NAMB) and the National Association of Minority Mortgage Bankers of America (NAMMBA) are thrilled to announce a strategic alliance aimed at promoting diversity, equity, and inclusion within the mortgage industry. This collaboration represents a significant step towards creating a more inclusive and dynamic environment for mortgage professionals and consumers.

The alliance between NAMB and NAMMBA will focus on leveraging each organization's strengths to drive meaningful change in the industry. By combining resources, expertise, and networks, the alliance aims to provide enhanced support, education, and opportunities for minority mortgage professionals, while also advocating for policies and practices that promote greater inclusivity.

A key aspect of this alliance is the mutual promotion of each organization’s annual conferences. NAMB and NAMMBA will collaborate to promote NAMB National and NAMMBA’s NAMMBA CONNECT 2024, leveraging their extensive networks to boost awareness and attendance for both events. This cross-promotion aims to enhance the impact and reach of these flagship conferences, offering attendees unparalleled opportunities for networking, education, and professional growth.

“NAMB is committed to fostering a diverse and inclusive mortgage industry and homebuyers. Partnering with NAMMBA aligns perfectly with our mission to support all mortgage professionals and ensure that everyone has equal opportunities to succeed in the marketplace and when buying a home. Together, we will create a more equitable and dynamic industry. “Valerie Saunders, President, NAMB.

Additionally, NAMB and NAMMBA will collaborate to influence industry standards and public policy, ensuring that the needs and voices of minority professionals are represented.

Furthermore, the alliance will conduct initiatives to identify and address barriers to entry and advancement for minority professionals, providing actionable insights to guide industry practices. Community outreach initiatives aimed at improving financial literacy, promoting homeownership, and supporting minority communities through targeted programs and resources will also be a key focus.

“We are absolutely thrilled to join forces with NAMB. This alliance marks a new era of collaboration and progress in the mortgage industry. By combining our resources and expertise, we can drive unprecedented change and create limitless opportunities for minority professionals. Together, we are not just shaping the future of the industry—we are revolutionizing it.” Tony Thompson, CMB, Founder and CEO of NAMMBA

The alliance highlights the significant collaboration between NAMB and NAMMBA, underscoring their joint commitment to advancing diversity, equity, and inclusion within the mortgage industry.

ABOUT NAMB
The National Association of Mortgage Brokers has been the only national volunteer-led and membership-driven organization representing the interests of mortgage professionals and homebuyers since 1973. NAMB provides mortgage professionals with advocacy, education, and rigorous certification programs to recognize members with the highest levels of professional knowledge and education. NAMB's active lobbying and advocacy efforts focus on national and state issues, protecting the interests of its members and borrowers. As the leading national trade association for the mortgage industry, NAMB is affiliated with state associations throughout the country and represents the interests of more than 993,000 licensed and registered Mortgage Loan Originators and 68,000 licensed Mortgage Broker and Mortgage Lender businesses throughout the U.S. www.namb.org

NAMB Media Contact:
Joshua Steinfeld
Steinfeld Consulting
Steinfeldconsulting@gmail.com 
339.225.1581

ABOUT NAMMBA
The National Association of Minority Mortgage Bankers of America (NAMMBA) is dedicated to the inclusion of minorities and women in the mortgage and real estate industries. NAMMBA’s mission is to foster diversity and inclusion, support the career advancement of minority professionals, and improve homeownership rates among minority communities.

For more information about the partnership and upcoming initiatives, please visit NAMMBA.org

NAMMBA Media Contact:
Michael Muscarella
Associate Director of Creative Assets
michael.muscarella@nammba.org