The National Association of Hispanic Real Estate Professionals and the National Association of Mortgage Brokers have announced an alliance to promote the exchange of information, training, and services between their combined 41,000 members.The goal of the partnership is to give mortgage professionals the information and tools they need to better serve Hispanic homebuyers, the trade groups said. The organizations noted that the rapidly growing Hispanic consumer segment is becoming a "formidable force" in the housing market. They said they will share professional and consumer education programs that help members meet the needs of Hispanic homebuyers; work cooperatively to attract new members; seek to create a unified voice on legislative issues; and cross-promote events and services that expand the understanding of the Hispanic market. The organizations can be found online at http://www.nahrep.org and http://www.namb.org.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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