ATLANTA, Sept. 29, 2021 /PRNewswire/ -- Equifax
Inc. (NYSE: EFX) today announced a partnership with the
National Association of Minority Mortgage Brokers of America
(NAMMBA) to help support its efforts to assist underserved
communities and their housing needs. This relationship aligns
directly with the ongoing Equifax commitment to advance financial
inclusion and help all consumers access and better understand their
credit profiles.
NAMMBA partners with banks, lenders, and fintechs to foster
diversity and inclusion within these firms, bring financial
literacy education to consumers, and mentor students and recent
graduates into future innovation, diversity, and financial literacy
leaders. Through this partnership, Equifax will work to expand
access to credit to underserved and marginalized borrowers while
also working to deliver differentiated data to align with
Environmental, Social and Governance (ESG) and Diversity,
Equity, and Inclusion (DEI) initiatives.
"The Equifax purpose is to help people live their financial
best. We are committed to working with the Government Sponsored
Enterprises (GSEs), lenders and organizations like NAMMBA to help
unlock homeownership for all," said Craig
Crabtree, Senior Vice President and General Manager, Equifax
Mortgage & Housing Services. "Expanded inclusion starts with
expanded visibility, and Equifax can provide differentiated
consumer credit, consumer and marketing insights as well as income
and employment information from The Work Number™ database. As a
leader in the mortgage industry, it is our responsibility to
deliver solutions and opportunities to benefit the diverse make-up
of the communities we serve."
According to NAMMBA, over the next five years, 75 percent of all
first-time home buyers will be women, millennials or people of
color. Additionally, 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
opportunity.
"We are proud to be partnering with Equifax," says NAMMBA
Founder/CEO Tony Thompson, CMB.
"Their pledge to NAMMBA's mission of strengthening the mortgage and
finance industry with a more diverse and inclusive workplace
culture shows that they are looking to the future of homeownership
in America."
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 fulfil 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 EQUIFAX INC.
At Equifax (NYSE: EFX), we believe
knowledge drives progress. As a global data, analytics, and
technology company, we play an essential role in the global economy
by helping financial institutions, companies, employers, and
government agencies make critical decisions with greater
confidence. Our unique blend of differentiated data, analytics, and
cloud technology drives insights to power decisions to move people
forward. Headquartered in Atlanta
and supported by more than 12,000 employees worldwide, Equifax
operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia
Pacific region. For more information, visit Equifax.com
FOR MORE INFORMATION
Kate
Walker for Equifax
MediaInquiries@equifax.com
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SOURCE Equifax Inc.