|
 Consumers
As
a service to Maryland's consumers we provide information
on important issues that affect you. Below are
a list of headlines that will offer you information
on various topics. We also offer the Frequently
Asked Questions about the mortgage broker
industry to help you find the answers to your
mortgage questions.
NMLS
Consumer Access Goes Live
In
order to provide homebuyers and the general public
with greater information concerning the companies
and professionals in the mortgage industry and
in fulfillment of the federal S.A.F.E. Mortgage
Licensing Act of 2008, the Nationwide Mortgage
Licensing System and Registry (NMLS) is proud
to announce that we have launched NMLS Consumer
Access.
NMLS
Consumer Access launched this week and can be
found online at: www.NMLSConsumerAccess.org.
Attached
is the background information on NMLS Consumer
Access that you may wish to use as talking points
or to distribute to your members or employees.
We
encourage you to put a link to NMLS Consumer Access
prominently on your organizations Web site as
a resource for consumers.
With
the launch of NMLS Consumer Access and federal
criminal background check processing, NMLS has
delivered two more major deliverables under the
SAFE Act.
Thank
you for your support and efforts and, as always,
please contact me if you have any questions.
CONSUMER
COMPLAINTS - How Do I Submit a Complaint About
a Mortgage Broker or Loan Originator Who is Violating
State Laws and Regulations?
Consumers
wishing to submit a complaint about a mortgage
broker or loan originator who is violating state
laws and regulations are encouraged to do so.
For details, please go to http://www.dllr.state.md.us/finance/frcomplaints.htm.
Are
You Using a Certified Mortgage Broker? YOU Should
Be!
The
Maryland Association of Mortgage Professionals
(MAMP) is a not for profit organization committed
to promoting the highest degree of professionalism
for its members and providing ethical and professional
standards against which mortgage brokers can be
measured.
In
order to achieve this goal, our national affiliate
NAMB has developed
a rigorous certification program to recognize
brokers who have attained the highest levels of
professional expertise. Developed through extensive
research by mortgage industry experts, a NAMB
certification is gained only once the candidate
has met certain requirements of experience and
knowledge to practice mortgage brokering and has
passed a written examination.
When
combined with MAMP's code of ethics and best business
practices, a NAMB certified mortgage broker is
your guarantee that you are dealing with a recognized
expert in the mortgage origination field.
Federal
Reserve Board Offers Helpful Consumer Information
Handbooks on Mortgages
The
Federal Reserve Board is offering handbooks on
Adjustable-Rate Mortgages and Interest-Only Mortgage
Payments and Payment-Option ARMS geared toward
consumers. These handbooks offer information on
consumer cautions, types of ARMs, payment options
and more.
Click
here to view the handbook on Adjustable-Rate Mortgages.
Click
here to download the Interest-Only Mortgage Payments
and Payment-Option Arms handbook.
What
Happens When Your Credit Report is Requested?
Stop the Calls. Stop the Junk Mail. Protect your
Credit. Protect you Identity.
The
National Association of Mortgage Brokers (NAMB)
is offering tips and answers to frequently asked
questions to help you avoid identity theft when
your credit report is requested.
Click
here to view answers to frequently asked questions
regarding identity theft.
Click
here to visit the NAMB website to find more information.
| MAMP
would like to thank it's Gold Partner in Education
for their continued support: |
|
720
Light St., Baltimore, MD 21230
TEL: (410) 752-6262 | FAX: (410) 752-8295
EMAIL: MAMP@assnhqtrs.com
|
