Subject matter experts will explain how lenders can use SPCPs to boost homeownership opportunities in underserved communities
DES MOINES, Iowa, Oct. 13, 2022 (SEND2PRESS NEWSWIRE) — iEmergent, a forecasting and advisory services company for the financial services, mortgage and real estate industries, will host a virtual Special Purpose Credit Programs Workshop on Wednesday ( SPCP). Nov. 9, noon to 2 p.m. ET. Through a panel discussion and hands-on practicum, “Unleashing the Potential of SPCPs: A Practical Workshop for Mortgage Lenders” will give attendees the skills and confidence to develop and launch successful SPCPs while earning points for their banker Certified Mortgage (CMB) designation from the Mortgage Bankers Association (MBA).
SPCPs are loan programs designed to provide preferential loan terms to groups of people, such as people of color and women, who would otherwise receive less favorable terms or be excluded from access to credit altogether.
Organized by iEmergent, the November 9 event will feature contributions from a wide range of subject matter experts, including:
* Mosi Gatling, Sales Manager, LoanDepot
* Jason Fraley, SVP and Director of Community Lending, Huntington Bank
* Evan Zuverink, CRA Officer, First Commonwealth Bank
* Lindsay Cannaday, Vice President/Director of Business Development, GreenState Credit Union
* Gabe del Rio, President and CEO, Homeownership Council of America
* Olivia Kelman, Partner, K&L Gates
* Rob Chrane, Founder and CEO, Down Payment Resource
* Laird Nossuli, CEO, iEmergent
Panelists will provide a comprehensive overview of SPCPs – what they are, how lenders can deploy them to help close the racial homeownership gap, and tactics for successful planning, implementation and measurement. SPCPs – using real examples of successful SPCP programs. The workshop will conclude with a Q&A session, giving attendees the opportunity to seek personalized advice to build and optimize their own SPCP initiatives.
“Government-sponsored businesses have made addressing the long-standing racial divide in homeownership a top priority, and PCSs offer a unique opportunity for lenders to engage with housing initiatives. business equity,” Nossuli said. “By learning how to leverage SPCPs to expand credit opportunities among those affected by discrimination, our virtual workshop will help lenders maintain purchase volume and level the playing field for underserved potential borrowers.”
To register for iEmergent’s Virtual SPCP Workshop on November 9 from 12-2 p.m. ET, visit: https://www.iemergent.com/spcp-workshop.
Founded in 2000, iEmergent provides mortgage forecasting and analysis to the lending, housing and real estate industries. The company offers a wide variety of forecasting and market intelligence products, including Mortgage MarketSmart, a visualization tool that helps lenders quantify developments in mortgage markets. For more information, visit https://www.iemergent.com/.
Twitter: @iemergent #housingfinance #housingequity #housingeconomy #SPCP #mortgage
NEWS SOURCE: IEmergent
This press release has been issued on behalf of the source of the information (IEmergent) which is solely responsible for its accuracy, by Send2Press® Newswire. Information is believed to be accurate but not guaranteed. Story ID: 85838 APDF-R8.6
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