Mortgage Brokers

Becoming a mortgage broker can include becoming a part of the National Association of Mortgage Brokers (NAMB), the only National trade association that is responsible for representing the mortgage broker industry. For the most part, the mortgage broker industry consists of real estate financing professionals who act as the intermediary between the lenders/banks and the customer/consumer during the transaction process of purchasing a mortgage. The purpose is to help consumers find their way through the sometimes confusing and overwhelming mortgage origination process. The typical mortgage broker will have a relationship with numerous banks and lenders so as to provide consumers with the most customized mortgage available on the market, that best suits the customer’s financial needs.

What to know before becoming a mortgage broker:

The mortgage broker industry is regulated by 10 federal laws, 5 federal enforcement agencies & 45 + state laws / licensing boards. With 46 state affiliates representing more than 16,000 members nationwide, mortgage brokers can help everyone realize their dream of homeownership, including those with low-incomes or bad credit history.