Consumers

As a service to Maryland's consumers we provide information on important issues that affect you. Below are lists 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 our Platinum Elite Partner
Shumaker
MAMP would like to thank our Gold Elite Partner
MAMP would like to thank our Silver Elite Partner

 

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TEL: (410) 752-6262 | FAX: (410) 752-8295

EMAIL: MAMP@assnhqtrs.com