Items Tagged with 'NAMB'


  • NAMB seeks to ban credit bureau sales of trigger leads

    Urges Congress to add restrictions to bills
    The National Association of Mortgage Brokers, an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, announced it is seeking to ban the sale of trigger leads. The association explained mortgage trigger leads are created and sold by the national credit bureaus and are comprised of a significant amount of personal information from mortgage applicants.
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  • NAMB names John Stevens president

    Elected to a one-year appointment
    NAMB, an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, officially named former president-elect John Stevens as its new president. In his role, Stevens will spearhead the organization’s overall strategies, which includes growing its reach by expanding its membership.
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  • Sponsored By

    NAMB's KickStart fuels independent mortgage businesses

    Startup funding gave me the opportunity to pursue my entrepreneurial dreams
    I’ve been fortunate to enjoy a good deal of success since opening my business at the end of 2016, as our team funded 39 units for $15.1 million in loans in the first six months. That’s pretty good for a startup. My goal now is to fund 90 units for $30 million in loans this first year, then add one or two quality people to our team and have sustainable growth to fund 120 units in 2018.
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  • Want to become a mortgage broker? Here are tips on how to get started

    What are the common misconceptions?
    Mortgage brokers fall into the entrepreneur/startup category of the mortgage finance world. After taking a serious hit in the aftermath of the financial crisis, the industry is seeing a rebound in interest, especially as people think about how much money they can make if they work hard. So do you have what it takes to become a broker? Here's some advice from brokers themselves on where to start.
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  • Here's how NAMB, UWM plan to revive the independent mortgage broker channel

    Announce $500,000 KickStart program
    Mortgage brokers took a major hit after the financial crisis, vacating their individual businesses and fleeing to the security of working for a bigger company. However, a new initiative announced by the National Association of Mortgage Brokers and United Wholesale Mortgage is designed to regrow the mortgage broker channel. The KickStart program offers grants to loan originators aspiring to open their own mortgage shops. Looking to start your own company? Check the details inside.
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  • NAMB endorses Mortgage Fairness Act of 2015

    Legislation designed to help low, moderate-income buyers
    It's a bill that would allow low- and moderate-income consumers and homebuyers some flexibility in the loan they choose to buy a home in order to have better cash flow at the time of closing. Is it a good idea? NAMB thinks so.
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  • NAMB to Congress: New TRID forms should disclose g-fee costs

    Homebuyers should see fees that "in no way benefit them"
    The Association of Mortgage Professionals says the Consumer Financial Protection Bureau’s new Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule, doesn’t disclose enough and says homebuyers are entitled to know where all the money they pay to buy a home is going.
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