Minorities In Mortgage

The Minorities in Mortgage grant program is dedicated to providing professionals of color and underrepresented groups the training necessary to enter into a career in the mortgage industry and the resources they need to open an independent mortgage brokerage in the wholesale channel.

Did You Know?

The U.S. Census Bureau recently reported that Black Americans are 31% less likely to own homes compared to the national average homeownership rate. As homeownership opportunities increase for minorities, there is an increased need for independent mortgage professionals to serve underrepresented communities.

That’s why we created the Minorities in Mortgage small business grant.

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Minorities in Mortgage Small Business Grant Program

The Minorities in Mortgage small business grant program is designed to bring diverse business owners from the retail mortgage channel into the independent mortgage broker channel through funding, support and education. The goal of the Minorities in Mortgage grant program is to bring new perspectives to the broker channel and as the broker community continues to grow, more opportunities for diverse leadership and business ownership will become available. As millennial homebuyers are the most diverse generation of first time homeowners, the need for diversity in the mortgage industry is more important than ever.

The Minorities in Mortgage small business grant will offer funding support for expenses like marketing, technology, licensing, office expenses and more to offset the costs of opening a brokerage or growing their businesses. The grant also provides additional support from the Association of Independent Mortgage Experts (AIME) and the broker community to help the recipients build sustainable business models for any market environment.

Recipients of the small business grant will be assigned a mentor from AIME’s broker community to have a seasoned colleague to seek advice from. Grant recipients will also receive one year of AIME membership and access to the AIME Leadership Academy, which will cover a wide range of business practices including quarterly compliance processes, information for hiring and onboarding staff members, and scalable solutions for growing a brokerage.

Funding Supporters

Spark programs are made possible by the Association of Independent Mortgage Experts (AIME) with funding support provided by United Wholesale Mortgage, Homepoint and EPM.