Citi Community Development and Springboard CDFI Announce Major Expansion of Innovative Non-Profit Mortgage Loan Origination Platform
Citigroup, Inc. (C)
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Today Citi Community Development and Springboard Community Development Financial Institution (CDFI) announced the expansion of Springboard’s innovative nonprofit mortgage loan origination platform to 13 states in 2018. With $1 million in support from Citi Community Development, Springboard CDFI will deploy its loan origination platform and full suite of consumer-facing tools and technology to members of the Nationwide Mortgage Collaborative (NMC), a national coalition of leading non-profit housing counseling agencies and Community Development Financial Institutions (CDFIs). The expansion will build the capacity of the NMC to deliver responsible mortgage credit access for low- to moderate-income, minority, rural, and other underserved first-time homebuyers. More than 100 CDFIs and housing counseling agencies will be on-boarded to the platform with the objective of
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