National Mortgage News, June 3, 2022, Movement Mortgage agrees to resolve discrimination claims
In October, the National Community Reinvestment Coalition filed a complaint with the Department of Housing and Urban Development, claiming a Movement loan officer engaged in discriminatory practices in two separate testing scenarios conducted months apart by the Washington, D.C.-based nonprofit. In each instance, NCRC found that Dave Skow, based in Seattle, provided less loan information and follow-up along with fewer product options to the organization’s Black test applicant compared to a white test borrower, actions which would violate the Fair Housing Act.
In a conciliation agreement, Movement will pay $65,000 to NCRC, as well as donate $10,000 to a Seattle-area nonprofit providing financial literacy and housing education in local majority-minority neighborhoods.
