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About NAMB
Established
in 1973, the National Association of Mortgage Brokers (NAMB) is the
only national trade association representing the mortgage broker
industry. With 50 state affiliates, and more than 25,000 members, NAMB
promotes the industry through programs and services such as education,
professional certification and government affairs representation. NAMB
members subscribe to a code of ethics and best lending practices that
foster integrity, professionalism and confidentiality when working with
consumers. A
typical broker has a working relationship with
numerous banks and other lenders and provides the consumer with access
to hundreds of options when it comes to financing a home. This allows
mortgage brokers to provide consumers the most efficient and
cost-effective method of obtaining a mortgage that fits the consumer's
financial goals and circumstances. Mortgage brokers have helped many
consumers, including low-to-moderate income borrowers with less than
perfect credit histories, enjoy the benefits of homeownership.
Why
did NAMB Create the Lending Integrity Seal of Approval?
NAMB
saw a need for Hardworking, Professional, Ethical Mortgage
Brokers
to distinguish themselves from the few bad actors who operate in
the mortgage industry. A way for consumers to easily identify loan
originators who have pledge to abide by a National Standard when it
comes to a Professional Standards, a Code of Ethics, Continuing
Education, and more.
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