Items Tagged with 'NAMB'

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  • NAMB wants Congress to expand the protected classes to include veterans

    Demands Congress amend the Fair Housing and Equal Credit Op acts
    This week, the National Association of Mortgage Brokers pleaded with its members and the general public to join the organization as it continues to urge Congress to amend the Fair Housing Act and Equal Credit Opportunity Act. By demanding an amendment, NAMB hopes Congress will take corrective action by creating protections in housing finance and contracts for Veterans.
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  • NAMB announces availability of NAMB All-In

    Origination system created specifically for mortgage brokers
    The National Association of Mortgage Brokers recently announced the availability of its a point-of-sale, cloud-based origination system NAMB All-In. NAMB Board President Richard Bettencourt said the organization is overwhelmed by the outpouring of support for the product.
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  • NAMB launches origination system for mortgage brokers

    NAMB All-In helps mortgage brokers manage incoming applications and more
    The National Association of Mortgage Brokers platform enables mortgage brokers to connect with wholesale lenders. Using Calyx Software, borrowers will be able to initiate loan applications and begin the asset verification process.
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  • NAMB urges CFPB to re-examine policies

    Asks bureau to develop process to reclassify consumers’ submissions
    The National Association of Mortgage Brokers recently asked the Consumer Financial Protection Bureau to address immediate changes needed within the Consumer Complaint and Consumer Inquiry Handling Processes. NAMB states that the bureau falsely reported that consumers were experiencing extensive issues with mortgage brokers, but 90% of complaints were registered against lender and bank loan originators, not mortgage brokers.
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  • Former NAMB president joins newly formed AIME

    Group adds compliance and regulatory council
    The newly formed Association of Independent Mortgage Experts announced it grew its leadership team with the addition of a senior vice president of legislative and government affairs. AIME announced former National Association of Mortgage Brokers President John Councilman joined its leadership team.
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  • 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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