DIAMOND SPONSOR
Join Us For the BMPA 2025 Conference
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March 03, 2025
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8am - 4pm
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Join Us For the BMPA 2025 Conference • March 03, 2025 • 8am - 4pm •
Jasmine Crockett
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Byron Sanders
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Danielle Fontenot
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Lydia M. Pope
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Jon Eldridge
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Kevin Brown
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Damon Williams
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Jasmine Crockett • Byron Sanders • Danielle Fontenot • Lydia M. Pope • Jon Eldridge • Kevin Brown • Damon Williams •
Black Mortgage Professional Alliance (BMPA)
The BMPA aims to provide Black mortgage professionals in the mortgage industry with opportunities to enhance their expertise, expand their experience, and acquire the necessary tools to advance their careers. By doing so, BMPA seeks to help more consumers achieve homeownership and contribute to closing the real estate and wealth gap, one family at a time.
2024 Black Mortgage Professional Alliance Launch at UWM
Empowering Excellence & Advancing Equity
With Guest Speakers:
Mat Ishbia, Desmond P. Smith, Mateen Cleaves
Introducing the Executive Leadership Team:
Jennifer Gormer, Lamont Harris Jr., Corey Singleton, Janine Kempfer, Major Singleton.
WHO CAN JOIN
ALL mortgage professionals are welcome to join BMPA, who share the same mission and vision as BMPA. We do NOT discriminate.
Together, we are stronger. Together, we are BMPA.
Wholesale & Retail Loan Officers
Mortgage Brokers
Processors & Closers
Real Estate Agents & Brokers
Title & Insurance Partners
Industry Leaders & Partners
Why BMPA?
NICHE FOCUSED
BMPA is specifically focused on serving Black mortgage professionals, all professionals and team members involved in the mortgage process by providing a clear and unique value proposition that differentiates from other industry organizations.
CULTURAL RELEVANCE
The organization fosters strong community ties by addressing the unique challenges and opportunities faced by Black professionals in the mortgage industry.
INDUSTRY EXPERTISE
By aligning with experienced professionals and industry leaders, BMPA offers high-quality resources, networking opportunities, and advocacy for its members. Our Executive Leadership Team has a combined total of 80+ years of experience in the industry with a proven track record of success.
Why We Exist
The Data Speaks for Itself.
The Black Mortgage Professional Alliance (BMPA) is dedicated to addressing and mitigating the significant disparities that minorities, particularly Black and Hispanic communities, face in the housing and mortgage industries. These disparities underscore the necessity of BMPA's mission to foster positive change and promote equitable homeownership opportunities.
Homeownership Rates
According to a NAR Report, "A Snapshot on Race and Homebuying in America":Black Households: As of the second quarter of 2022, the homeownership rate for Black households was 45%, compared to 75% for White households. This 30-percentage-point gap has remained relatively unchanged over the past three decades, highlighting persistent inequities in access to homeownership.Hispanic Households: In the same period, Hispanic households had a homeownership rate of 48%, also indicating a substantial disparity when compared to White households.
Mortgage Denial Rates
According to an Urban.org Report, "The Future of Headship and Homeownership":Black applicants are more likely to have their mortgage applications denied compared to White applicants. For instance, data indicates that Black applicants experience higher denial rates for home purchase loans.Hispanic applicants also face elevated denial rates, though specific percentages vary by study. These higher denial rates persist even after accounting for factors such as creditworthiness, suggesting systemic issues within the mortgage approval process.
Historical Context
According to the US Dept. of Commerce (Census) Report, "Homeownership by Race and Ethnicity of Householder":The gap in homeownership rates between Black and White families in the U.S. is wider today than it was during the era when discriminatory practices like redlining were legally sanctioned. In 1960, there was a 27-point gap between Black homeownership (38%) and White homeownership (65%). Today, this gap has increased, underscoring the enduring impact of systemic barriers.Click HERE to read the NAHB Report, “Homeownership Rates by Race and Ethnicity”
Contemporary Challenges
According to HUD, "Unequal Burden: Income and Racial Disparities in Subprime Lending":Mortgage Denials: Black applicants are between 1.8 and 2.5 times as likely to be denied mortgages as white applicants with similar characteristics. Latino borrowers face denial rates approximately 1.5 times higher than their white counterparts.Subprime Lending: Minority borrowers were more likely to receive high-cost, high-risk loans during the housing boom, even when equally qualified as white borrowers.Ongoing Discrimination: Studies indicate that racial disparities in mortgage lending persist, with minority applicants often facing higher denial rates and less favorable loan terms. Click HERE to view chart data.
Join us at BMPA 2025 Conference
Thank You to Our Top Sponsor: United Wholesale Mortgage (UWM)
We’re proud to have UWM as our Top Sponsor for BMPA 2025. Visit their booth at the conference to learn more about their innovative solutions for mortgage professionals!