A family of regional lenders, Tidewater Home Funding, LLC. and affiliates Benchmark Mortgage Companies and Farmers Bank Home Mortgage increases commitment to better serve today’s home buyers by breaking down the barriers that complicate the home buying process helping to bridge the gap between homeownership and education.
CHESAPEAKE, VA (April 16, 2021) Tidewater Home Funding, LLC. and its affiliates announced today a partnership with the National Association of Minority Mortgage Bankers of America (NAMMBA) to affect positive change with the housing needs of our underserved communities across Virginia and North Carolina.
This partnership enables Tidewater Home Funding, LLC. and its affiliates to actively collaborate with NAMMBA furthering diversity and inclusion efforts in its market service areas and in the mortgage industry. Team members have access to annual NAMMBA memberships, focused trainings, new hire programs, and leadership opportunities positioning Tidewater Home Funding, LLC. and its affiliates to further support the communities in which it conducts business, creating economic opportunity that focuses on business development for minority mortgage professionals while meeting the housing needs of underserved areas.
“NAMMBA’s mission and vision aligns with ours,” states Kim Curtis, President and CEO of Tidewater Home Funding, LLC. “We are excited to partner and collaborate with a progressive organization like NAMMBA that seeks to increase diversity within our industry employment base while advocating for sustainable homeownership in the diverse communities we serve.” Curtis says, “meaningful education is a critical component for successful homeownership at all levels and within all the markets we serve, especially within multicultural and diverse ethnic communities. We look forward to serving alongside NAMMBA to deliver meaningful and positive change supporting inclusiveness at all mortgage lending and homeownership levels.”
“Tidewater’s family of lenders unifies with NAMMBA’s commitment to diversity and inclusion while funding dreams in disadvantaged and under resourced communities. We look forward to an exciting year ahead to make an impact together," said NAMMBA Founder/CEO Tony Thompson, CMB.
Collaboration efforts between Tidewater Home Funding, LLC., its affiliates, and NAMMBA will create positive change in our underserved community housing markets. 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.
About Tidewater Home Funding, LLC.
A licensed mortgage lender based on the East Coast, Tidewater Home Funding, LLC. and its affiliates Benchmark Mortgage Companies and Farmers Bank Home Mortgage has helped fund the dreams of thousands of our neighbors across Virginia, North Carolina, and Florida for over 20 years. Processing, underwriting, loan closing, and funding functions are local and performed in-house enabling our team to provide the utmost in customer service. Our team believes education is key for first-time or seasoned homebuyers and resources should be readily available - regardless of circumstances. Tidewater Home Funding, LLC. and its affiliates are committed to delivering an exceptional mortgage experience to all borrowers in all market service areas. Tidewater Home Funding, LLC. and its affiliates are licensed in VA, NC & FL. NMLS ID #41552 (www.nmlsconsumeraccess.org). Equal Housing Lender. Office: (757) 366-8690 | 1108 Eden Way North, Suite A, Chesapeake, VA 23320.
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