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Special Reports
Recruiting & Training:
Renaissance Professionals
Aid for Bilingual Military Seeking Employment
WASHINGTON -- A coalition of residential real estate finance and military
groups last month started a new program to expand Latino homeownership opportunities by helping America's bilingual
military service members enter the mortgage finance industry.
The new "Welcome Home" program provides tuition-free, Internet-based
(www.welcomehomegi.com) training provided by the Mortgage Bankers Association to prepare past and present Spanish-speaking
members of the armed forces for post-service careers in the residential and/or commercial lending industries.
Participating in the program are the Mortgage Bankers Association, the Department
of Defense Reserve Forces Policy Board, the National Association of Hispanic Real Estate Professionals, the National
Puerto Rican Coalition, Univision, Freddie Mac, Branch Banking & Trust, CitiMortgage, GMAC Mortgage, U.S. Bank
Home Mortgage, the Puerto Rican Telephone Co., the National Puerto Rican Coalition and Hispanic War Veterans.
The program is open to all bilingual Spanish/English-speaking active duty personnel,
Reserve and National Guard personnel, and veterans who have received an honorable discharge.
After completing the required coursework and receiving a professional certificate,
students will be asked to complete an online form to identify the type of job they are seeking, as well as geographical
preferences.
The coalition said in a press release it issued that it plans to prepare an estimated
1,000 new graduates a year for potential careers in mortgage sales, origination, underwriting, servicing, collections,
and commercial and multifamily lending through the program.
Lender participants will meet with eligible students to discuss potential job
options.
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