During the 2017 National Association of Hispanic Real Estate Professionals Housing Policy and Hispanic Lending Conference, experts described the uniqueness in lending to the Hispanic community, HousingWire staffer Kelsey Ramirez reports.
“Files can be a bit more paper-heavy as the way Latinos bank and track finances, as well as the cultural family structure, are very different, which leads to a high percentage of manual underwriting,” New American Funding President Patricia Arvielo said in an interview with HousingWire.
Since it’s common for multiple generations to live under the same roof, Hispanics often have different needs. READ MORE AT BUILDER
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