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Industrial Bank, Optus Bank are First MDIs, CDFIs in Promontory MortgagePath's Minority-Owned Financial Institution Initiative

Industrial Bank, Optus Bank are First MDIs, CDFIs in Promontory MortgagePath's Minority-Owned Financial Institution Initiative
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Promontory MortgagePath Adds Industrial Bank, Optus Bank as First MDIs, CDFIs in Its Minority-Owned Financial Institution Initiative

DANBURY, Conn., June 1, 2021 (SEND2PRESS NEWSWIRE) — Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced Industrial Bank and Optus Bank as the first participants ....

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Promontory MortgagePath Adds First MDIs, CDFIs in Its Minority-Owned Financial Institution Initiative

(DANBURY, Conn.) NEWS: Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced Industrial Bank and Optus Bank as the first participants in its initiative to support community development financial institutions (CDFIs) and minority depository institutions (MDIs). The initiative is focused on expanding mortgage credit access in underserved communities. Washington D.C.-based Industrial Bank, a U.S. Treasury-certified CDFI and the oldest Black-owned commercial bank in the Mid-Atlantic region, is fully onboarded and began offering mortgages via Promontory MortgagePath’s platform in April. South Carolina-based Optus Bank, a federally-designated MDI and U.S. Treasury-certified CDFI, is in implementation. ....

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