Multi-Language Resources for Lenders
Multilingual and non-English speaking consumers represent a large and growing segment of the market. Translated mortgage resources — in English, Spanish (Español), and traditional Chinese (中文) — can help lenders better serve prospective borrowers whose primary language is not English.
Important Note: There are many legal issues involved in originating mortgage loans in a language other than English, including federal, state, and local laws (such as those for California, Illinois, Massachusetts, Oregon, Texas, and the District of Columbia) that address marketing, negotiating, and conducting lending activities. You should consult legal counsel about which requirements may apply to your business and the use of these materials.