One of the successes of CMLA's initiative includes the development of a guide to affordable housing, which provides information on lenders and products that targets low and moderate-income borrowers. In addition, CMLA succeeded in distributing job-opening announcements, starting a mentoring program, and creating a consumer brochure on how to obtain mortgage loans. As part of the mentoring effort, the CMLA committee met with Denver Public School personnel to discuss a curriculum covering the home-buying process and credit management. A guide to the two proceeding topics will be written and distributed to high schools within the Denver Public School system. The key participants in the development of this best practice includes local mortgage bankers, savings and loan institutions, title companies, insurance agencies, and Denver area professional lending agencies.
Discrimination is an unfortunate byproduct of the cultural diversity in the United States.
By educating mortgage lenders, CMLA's initiative aims to help Denver wipe out discrimination that occurs in the lending industry. CMLA's success is impressive. Various funding sources.