Chicago-based mortgage lender Guaranteed Rate rolled out the second wave of its Community Engagement Initiative, the company announced on Monday. Launched in 2023, the program aims to improve funded loan volumes in underserved communities nationwide. 

“Traditional lending practices have overlooked Black and Latino communities, as well as low to moderate-income areas,” Camilo Escalante, executive director of diverse segments at Guaranteed Rate, said in a statement. “The Community Engagement Initiative blazes new trails with dedicated focus, specific budgets, and targeted partnerships in these communities.”

During the initiative’s first phase, Guaranteed Rate added new loan products, improved training efforts for processors details ⇒

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