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Community Lending Initiatives in Mortgage Banking = CLIMB
CLIMB with HCA
With over 100 years of combined mortgage lending & compliance experience among our Subject Matter Expert team, HCA brings a unique approach and deep expertise to facilitate your success in affordable and special purpose (SPCP) lending.
NFM Lending has collaborated with the Homeownership Council of America on the deployment of multiple SPCPs as part of community lending commitment. Less than a year after our launch, we reached originations over $100M.
LaTasha Waddy - NFM Lending
Work with our team of Subject Matter Experts
CLIMB Program
Homeownership Council of America works with CLIMB lending partners to develop sustainable mission-business models, innovative products with liquidity, and equitable programs that reach underserved communities. We aren't just technical assistance consultants; we are truly partners with each lender in CLIMB as we join their bench to increase production and service among underserved populations and LMI communities nationally.
HCA's focus with for-profit lenders revolves around effective and productive affordable lending strategies. We are the #1 provider of technical assistance to lenders for affordable programs and community needs assessments. HCA provides written plans and full facilitation for lenders from data to design and documentation, all supported by our team of SMEs covering legal, compliance, operations, sales/originations, and marketing to diverse segments. We also help IMBs and others to plan for and execute on their own Community Development Financial Institution model for greater access to capital and new forms of liquidity that benefit lenders and underserved communities.
HCA provides a growth path for nonprofit CDFIs and HUD-Approved Housing Counseling Agencies in CLIMB. We help nonprofits ‘CLIMB the Lending Ladder’ to go from packaging and down payment assistance lending to 1st mortgage origination as a Broker, Correspondent, and even (when ready and at scale) becoming a GSE-approved Seller/Servicer.
The CLIMB program helps lenders enhance their business model while increasing production and credit options for the least served consumers in their market area.
Our Subject Matter Experts: Julie St. Jean, Brad Blower, Bruce Reynolds, Howard Banker
Some of Lenders who CLIMB with HCA
HCA is the Leader in SPCP Technical Assistance
CLIMB for Special Purpose Credit Programs
Special Purpose Credit Programs for Lenders (Banks, IMBs, Credit Unions):
Homeownership Council of America’s Community Lending Initiatives in Mortgage Banking (CLIMB) program is designed to assist lenders in assessing needs and opportunities in targeted areas. HCA provides a complete market analysis as a component of CLIMB and requisite step for SPCPs. The analysis pulls target area data from HMDA and the US Census and ACS to show a picture of the community’s lending needs, the current housing market, and growth potential. We use the analyses to work with our SPCP CLIMB partners to describe the need for specialized mortgage loan products and credit enhancements. HCA works with our CLIMB partners to develop and monitor the needed products and go-to-market strategies. We also work with the team to create enhanced marketing and engagement through community partnerships. HCA has provided CLIMB for more than 40 lenders. HCA has developed Special Purpose Credit Programs (SPCP) with Credit Unions, Independent Mortgage Banks, Depository Banks, CDFIs, and nonprofit lenders. We have worked with several banks to develop SPCP and other affordable loan programs in fulfillment of a Community Benefits Agreement.
