Minorities In Mortgage

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

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 brokers to serve underrepresented communities.

That’s why we created the Minorities in Mortgage small business grant and career training program.

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Minorities in Mortgage Small Business Grant

The Minorities in Mortgage small business grant is designed to bring diverse business owners into the independent mortgage broker channel through funding, support and education. The goal of the Minorities in Mortgage grant 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 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.

Minorities in Mortgage Training Program

Minorities in Mortgage career training will bring qualified job candidates who possess transferable skills into the independent broker channel. Qualified applicants will receive extensive training in one of the mortgage industry’s most high demand roles including mortgage underwriter, mortgage loan processor, mortgage loan originator, and mortgage loan originator assistants.

Many of these positions use transferable skills from non-industry jobs which allow for an easy transition once trained on the mortgage process. Additionally, once the Minorities in Mortgage career training is completed, candidates will also be supported with job placement opportunities.

Frequently Asked Questions

How do I know if I am eligible to apply for the Minorities in Mortgage Spark program?

Please review the program qualifications for the Spark small business grant and Spark mortgage career training.

I meet the qualifications for more than one Spark program (Minorities in Mortgage and Women in Mortgage), which should I apply for?

Please apply for the grant program that best suits you. All applications will be reviewed based on the merits of their application and only one grant will be awarded at the discretion of the application review team.

Our Partners

Spark programs are made possible by the Association of Independent Mortgage Experts (AIME) with funding provided by United Wholesale Mortgage and Home Point Financial.