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NAMMBA and Finastra partner to bring positive change in the mortgage industry

By Pavithra R

July 13, 2021

  • Africa
  • Nammba
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NAMMBA and Finastra partner to bring positive change in the mortgage industryThe National Association of Minority Mortgage Bankers of America (NAMMBA) and Finastra, building an open platform that accelerates collaboration and innovation in financial services, announced entering into a partnership to bring positive changes in the mortgage industry, to meet the needs of underserved communities and develop a more diverse mortgage workforce. 

As a Diamond Plus Partner to NAMMBA, Finastra will support the purpose driven organization’s efforts to enrich and improve the situations of women and minorities working in the real estate finance industry. The collaboration aligns with Finastra’s commitment to Diversity, Equity and Inclusion in the financial services industry and the idea that finance can be a source of change for the good of society.

“We’re extremely excited to forge this long-term partnership with Finastra and welcome their support in pursuing our vision for the mortgage space. Over the next five years, NAMMBA will expand its mission to foster diversity and inclusion in other areas of financial services, such as retail banking and wealth management. As the largest pure-play software vendor serving the entire financial services industry, Finastra will be a meaningful partner in helping NAMMBA achieve this goal,” said NAMMBA Founder/CEO Tony Thompson, CMB.

The alliance will lead to a greater understanding of how technology can be leveraged to drive positive change in mortgage decisioning, from eliminating bias in lending to making funding accessible to communities in need. Besides gaining access to the diverse and experienced talent of NAMMBA’s members, Finastra will have the opportunity to work with NAMMBA to provide education, training and career development resources to the real estate finance industry and support sustainable homeownership in communities across the United States.

“Finastra believes that when technology and real-life challenges meet, the global community is presented with the opportunity to build a better tomorrow that tackles significant challenges around financial inclusion, fairness in financial decisions, and support for individuals and communities as they navigate through change. We are proud to partner with NAMMBA in its mission to support women and minorities in the real estate finance industry, and in doing so, bring greater opportunities for all on the path to home ownership. Together we can redefine finance for good – driving meaningful change in the financial services industry and building a more equitable world for all,” said Puja Agrawal, Chief Operating Officer, Americas, Finastra.

Founded in 2017, Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities.

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