First Home Bank has become an early adopter of the new ASIL certification program offered by NAMMBA Consulting.
Designed for lenders who are serious about leveraging diversity, equity, and inclusion, ASIL stands for “Accredited Social Impact Lender.”
The four components of certification are establishing a Lender Profile, combined with Social Impact, and both Market and Peer Analysis. With those pieces in place, NAMMBA will guide all applicants through the process of making strategic changes and setting SMART goals that lead to a stronger bottom line and a stronger community.
Certification is a rigorous process of investigation, research, consultation, and goal setting, the consultants said. Exclusively available through NAMMBA, this 12 to 15-month program is designed to help lenders who want to get ahead of industry regulators and leverage their LMI efforts to make a dramatic impact on their top line, bottom line, and their communities.
”This program’s four components will provide First Home the data and analysis we need to guide the Bank in its continued expansion to underserved markets,” said Brandi N Jaber, president of the residential mortgage division for First Home Bank. “Our employees are extremely proud of our participation in the ASIL Certification Program and look forward to obtaining the designation to further our commitment to providing equal access to support a healthy financial future for all borrowers across the nation.”
“Robust and impactful change doesn’t come from sitting around a boardroom thinking of ideas about how to celebrate diversity week once a quarter, and consumers in all demographics know this,“ says NAMMBA founder and thought leader Tony Thompson. “Every business in the home lending industry is going to have to keep up with the changing makeup of homeownership and what customers expect.”
NAMMBA says only 5% of all mortgage lenders will receive the certification.