Representative Engagements

Community Credit Needs Assessment

A community credit needs assessment (CCNA) was performed of the client’s primary mortgage lending market, focused on majority-Black or Hispanic census tracts (MBHCTs). The evaluation included analyses of mortgage lending, demographic, socioeconomic, and housing characteristics. Key findings discovered through statistical analysis, community contacts, and local reports indicated significant community credit needs. The mortgage lending market analysis showed distinct differences in product demand and borrower characteristics, with MBHCTs exhibiting unique needs and preferences compared to other tracts in the market. Geographic analysis showed how these needs varied regionally between MBHCT neighborhoods. Successful peer strategies and government loan programs were also reviewed to document existing products and services addressing the community credit needs. CrossCheck identified several opportunities for the client, including loan subsidy fund uses, financial education initiatives, community development partnerships, and targeted outreach efforts.