Webinar Recording: Community Reinvestment Act (CRA) and Multicultural Lending

Posted By Megan Horn on Apr 20, 2023
iEmergent Blog - CRA Webinar

iEmergent CEO Laird Nossuli joined MGIC for a webinar, "Community Reinvestment Act (CRA) & Multicultural Lending: Unique Insights into Performance Improvement."

There are approximately 32 million renters that are currently mortgage-ready and likely don’t know it. Plus, 68% of millennial renters think they're required to have 15% or 20% down to buy a home. And recently, we learned that 33% of all declined loans would've been eligible for down payment assistance (DPA) – funds that could have helped secure the mortgage loan.

In this panel discussion, the group discussed:

  • The state of DPA programs
  • Understanding CRA and multicultural lending as pillars of a broader strategy, not simply regulatory compliance
  • Leveraging data and best practices to uncover hidden lending opportunities

Watch the webinar on demand.

Panelists were:

  • Sean Moss, EVP, Product and Operations, Down Payment Resource
  • Phil Swetz, Director of Product, CRA and Affordable Lending, M&T Bank
  • Laird Nossuli, CEO, iEmergent
  • Phil Sandoval, VP & Community Development Lending Manager,Cadence Bank


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