Alterra Home Loans Releases New White Paper

We cannot move forward as an industry or properly serve our customers without women in strong leadership roles. I am proud to see we are making strides to move the needle in this direction.

Alterra Home Loans, a national mortgage lender and the second-largest Hispanic-owned mortgage company in the U.S., focused on serving underserved markets, released a new white paper today, titled “Empowering Women in Leadership Starts with Listening.” This piece is authored by Kristin Messerli, Founder of Cultural Outreach and Managing Editor for Mortgage Women Magazine. Messerli and Alterra partnered to share Alterra’s insights from their efforts to increase women in leadership and bring urgency to take action in addressing this problem in the industry.

Miguel Narvaez, EVP and Chief Production Officer of Alterra Home Loans, says, “Our objective is to send a message to the industry that we should be concerned about the underrepresentation of women, what we think the industry should be doing at large and what Alterra is doing about it.”

Kristin Messerli uses Alterra as a case study due to the progress they made in identifying and addressing the issue. While the company is co-founded by a woman and over half of their operations consist of women, like most companies, they lacked female representation in sales and leadership positions. Since this realization, they have increased female leadership from 2% to 25% and women accounted for half of their new management hires over the last year. Although not where they want to be yet, Alterra hopes that their fast and significant progress could be shared with others to inspire and drive more action to create positive change in the industry.

Messerli shares, “Most companies talk about how women in leadership is a priority – it’s been discussed in nearly every keynote of every mortgage conference this year. Yet, many companies are simply not turning that priority into any meaningful action.” She explains this is why she was encouraged to write and partner with Alterra on this initiative “to bring greater awareness to the industry and share a practical case study from a company making real progress.”

The paper outlines a few challenges that many companies are not aware of in…

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