Movement Mortgage Launches Bilingual Team, ITIN Product

Movement Mortgage launched a national Diverse Lending Support Team (DLST) and an in-house Individual Taxpayer Identification Number (ITIN) mortgage product this week, aiming to increase access for Spanish-speaking homebuyers. The DLST is a dedicated bilingual group designed to assist loan officers working with Spanish-speaking borrowers, ensuring language is not a barrier to homeownership. This initiative builds upon Movement's 2016 introduction of Comunidad, its Spanish-language lending platform that covers the entire mortgage process. The new team enhances existing infrastructure by adding staff capacity, acting as an extension of loan officers' businesses to enable them to originate loans they might not have previously been able to process. For loan officers who do not speak Spanish, DLST provides support, while Spanish-speaking loan officers can utilize the team for bilingual assistants and support staff, allowing them to focus on client relationships and production.

In parallel, Movement Mortgage has brought its ITIN mortgage program in-house. This product provides financing up to 85% loan-to-value for qualified borrowers who lack a Social Security number. The company stated that this move replaces a previously complex and costly broker process with a more streamlined and affordable experience, managed entirely by Movement's lending professionals. The integration of a centralized bilingual support team and an in-house ITIN product is expected to simplify the process for capturing and serving a growing market segment that has historically encountered language and documentation challenges in obtaining mortgages.

The National Association of Hispanic Real Estate Professionals (NAHREP) has projected that Latino households will significantly contribute to the growth of U.S. homeowners. Movement's strategic enhancements are positioned to address the specific needs of this demographic, fostering greater financial inclusion within the housing market.