Explore the latest trends in mortgage origination, focusing on digital transformation, personalized lending, and innovative strategies in a changing real estate market.
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As part of a plan to close the racial wealth gap, Citigroup has announced that it plans to invest in digital mortgage technology. So reports Bloomberg.
The move arrived as Citigroup said it processed a lower rate of applications and originations for Black and Hispanic homeowners in 2020, despite an increase for Asian consumers.
Citigroup has promised $550 million to bolster homeownership for people of color.
