NAMMBA Announces Partnership with FGMC + Goodmortgage
FGMC + Goodmortgage increases commitment to serve today’s rapidly changing housing market landscape and work towards equality in the industry
Plano, TX (April 13, 2021) The National Association of Minority Mortgage Bankers of America (NAMMBA) announced today a partnership with First Guaranty Mortgage Corporation (FGMC) + Goodmortgage, an important sponsor in NAMMBA’s effort 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 FGMC,” 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 FGMC, NAMMBA will roll out a comprehensive strategy to engage FGMC’s employees via access to focused training, new hire programs and leadership development, and position the firm to support the communities in which it currently conducts business, creating economic opportunity through equitable housing practices.
“We are so excited to be investing in opportunities for mortgage industry professionals and helping to increase equality in homeownership throughout the country with NAMMBA,” said Aaron Samples, Chief Executive Officer at FGMC + Goodmortgage. “The impact of our actions today can last for generations and help set up the industry for a brighter future.”
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.
“This partnership is an important step towards creating a more inclusive industry and housing market, and it starts with each and every one of us doing our part,” Samples said. “We are honored to be a part of advancing NAMMBA’s mission and creating lasting change.”
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 First Guaranty Mortgage Corporation® NMLS 2917
Licensed in 49 states + D.C. and celebrating more than 30 years in the mortgage business, First Guaranty Mortgage Corporation® (FGMC) is committed to always thinking outside the box and delivering the best possible experience for their lending partners and their borrowers. They are headquartered in Plano, TX and have been named a 2021 Best Company to Work For by NMN, a 2020 Top Mortgage Employer by NMP, a 2020 Top Mortgage Workplace by MPA, and a 2020 Top 30 Company in Mortgage and Servicing. FGMC operates Retail, Wholesale, Correspondent, and Non-Delegated Channels. They specialize in Non-QM products and have a mission to tell the unique stories of today’s borrowers. For more information on working with or for FGMC + Goodmortgage visit their website or LinkedIn.