The Change Company is a Community Development Financial Institution certified by the United States Department of Treasury and the State of California to expand access to lending and banking to Black, Latino, and low-income borrowers and communities. The Change Company offers its proprietary technology, lending, and banking products digitally, in partnership with over 1,000 non-bank lenders, and through its principal operating subsidiaries Change Wholesale, ChangeFi, Change AMC, Change Escrow, and Change Home Mortgage.
Owning a home provides stability and financial security — it is the cornerstone of the American dream. But for those in underserved communities, that dream is often out of reach. The Change Company is committed to removing the non-economic barriers that impede access to fair/equitable lending by offeringfinancial services, including home mortgage, property appraisal, home insurance, Escrow, and digital banking.
Since 2018, The Change Company has funded over $18 billion in mortgage loans to more than 50,000 families. In 2021, The Change Company originated approximately 18,000 loans totaling over $7.8 billion.
The Change Company has raised more than $300 million from more than 100 ESG investors, demonstrating strong institutional investor adoption of its community development business model.
In February 2022, The Change Company closed the first-ever securitization of residential home loans originated entirely by a CDFI. Investors in the $297 million offering included socially responsible asset managers and banks seeking to finance home loans to credit-worthy Black, Latino, and low- and moderate-income borrowers and communities.