AUSTIN, TEXAS (October 27, 2019) - The Mortgage Bankers Association (MBA) today announced at its 2019 Annual Convention & Expo that five companies have been recognized as 2019 Diversity and Inclusion Residential Leadership Award recipients. The annual awards recognize MBA members for their leadership efforts in diversity and inclusion in two award categories: organizational diversity and inclusion, and market outreach strategies.

“As we enter the fourth year of our Diversity and Inclusion Residential Leadership Awards, I am amazed to see the progress of the mortgage industry when it comes to creating successful D&I programs,” said Brian Stoffers, CMB, 2020 MBA Chairman, and Global President, Debt & Structured Finance at CBRE. “This year’s recipients have an unwavering commitment to D&I, and I look forward to seeing the future successes of their programs.”

This year's submissions were reviewed by two groups of judges: members of MBA's Diversity and Inclusion Committee and MBA staff. The companies were broken into two groups based on the number of employees, then were scored by the quality of their overall submission, identification of a target audience, and annual goals. Winners were also determined based on the level of success achieved by the D&I enterprise and the replicability of the program. Innovative program approaches and potential success in broadening the culture of the organization through the values of diversity and inclusion were also considered.

The five 2019 Diversity and Inclusion Residential Leadership Award winners are:

Organizational Diversity and Inclusion award: FirstBank and Equity Prime Mortgage

The Organizational Diversity and Inclusion award celebrates company initiatives that were specifically developed and designed to increase diversity and inclusion within the leadership and employee base of member companies, thereby leading to a mortgage banking industry that may better reflect and understand its customers.

For companies with more than 1,000 employees, FirstBank is being awarded for its initiative on hiring and training a diverse employee population. FirstBank prides itself on employing individuals with strong moral compasses. With the help of FirstBank’s Director of Diversity and Diversity Committee, FirstBank’s D&I policy provides a framework to ensure that equality and equity are at the forefront of all business practices. The committee guides FirstBank to fostering, nurturing, and preserving a culture of inclusion at its organization.

For companies with less than 1,000 employees, Equity Prime Mortgage is being recognized for its dedication to creating a diverse and welcoming culture for both employees and clients. Through its efforts, Equity Prime Mortgage creates an approach that fosters, celebrates, and infuses diversity into the company’s core mission, which includes promoting an inclusive culture and improving financial performance and innovation.

Market Outreach Strategies award: SunTrust Banks Inc., Synovus, and Idaho Housing and Finance Association

The Market Outreach Strategies award recognizes company initiatives that are specifically developed and designed to increase outreach, marketing, and products to attract customers from the industry's fastest-growing market segments.

For companies with more than 1,000 employees, SunTrust Banks Inc. is being awarded for its inclusive Lending/CRA plan. Its plan includes several innovative strategies aimed at supporting homebuyers, promoting sustainable homeownership, and providing greater stability within the communities it serves. With a deep understanding of its clients’ needs, SunTrust creates targeted solutions to benefit its client groups while supporting its referral partners and the communities it serves.

For companies with less than 1,000 employees, Synovus is being recognized for its inclusion and diversity (I&D) strategy, which was founded on the belief that improving inclusion and diversity is not just the right thing to do, but critical to the success of Synovus’ business. The program has three areas of focus: increasing minority representation across the organization; increasing the number of women in leadership positions; and improving inclusiveness in six areas identified by and prioritized through a team member survey. Several diversity initiatives were implemented in 2018, including revised job posting guidelines, leadership training, and the hiring of a diversity and inclusion director.

For the non-lender category, Idaho Housing and Finance Association (IHFA) is being recognized for its The Finally Home!^®Homebuyer Education course, which helps first-time buyers during the home-buying process. IHFA devotes a variety of resources toward targeted marketing and in-person outreach to ensure that everyone in its community has the resources needed to make homeownership possible. In the past year, 46 percent of Finally Home! students were women; 24 percent identified as non-white, Hispanic, or biracial.

MBA's Commercial and Multifamily members will have a separate Diversity and Inclusion Leadership Awards process, with nominations opening at a later date. The 2020 awards will be presented at the 2020 CREF/Multifamily Housing Convention & Expo in San Diego, California, on February 9-12, 2020. Please visit this website for updates.

SANTA ANA, Calif., Oct. 24, 2019 – First American Mortgage Solutions, LLC, a part of the First American family of companies, today launched Xtent™, a configurable, data solution with instant property and borrower analytics, powered by First American’s leading title data. This unique offering for lenders and servicers streamlines the review process, creates efficiencies and identifies risk.

Xtent can be delivered via multiple channels, including an integration into existing tech stacks through an application programming interface (API). It’s also available as data-only, excel/CSV or PDF reports. It includes an at-a-glance summary with actionable alerts and analytics that indicates loan data inconsistencies which may need further review. This allows lenders and servicers to assess marketing candidates, commence origination of a new loan, define preemptive account management strategies or facilitate MSR transactions.

“Xtent will empower lenders and servicers to identify and match relevant data to the corresponding risk decisions,” said Kevin Wall, president of First American Mortgage Solutions.

“Instead of combing through multiple reports to find the right information, clients can have everything delivered in one customizable solution.”

Xtent provides access to over 30 configurable data sources from which a client can select to include or exclude, such as title and lien information, ownership and occupancy, detailed property information, borrower financial/fraud risk and compliance risk alerts.

By leveraging advanced artificial intelligence and machine-learning technology, combined with First American’s leading title information repository and dozens of additional data sources, Xtent creates the most comprehensive property data solution in the mortgage industry.

“With Xtent, the unique combination of property and borrower information can be assessed at first look, helping to reduce costs, identify portfolio characteristics, and streamline the entire loan review process, so lenders can make risk decisions with ease, efficiency and certainty,” said Wall.

To see an interactive demo of Xtent, please join us at the First American Mortgage Solutions hospitality suite at the Austin Convention Center, Level 3 Room 8A-C Monday, October 28 from 7:30 a.m. - 6 p.m. and Tuesday, October 29 from 7:30 a.m. - 4 p.m.