Select a mortgage lender who is a member of a respected professional association. Just like your real estate agent should belong to his or her local REALTOR® association, verify that your mortgage lender is a member of a professional association for mortgage lenders which upholds high standards. Below are professional associations:
- NAMP National Association of Mortgage Professionals - www.namp.org
- NAMB National Association of Mortgage Bankers - www.namb.org
- MBAA Mortgage Bankers Association - www.mbaa.org
These organizations emphasize that their members uphold high ethical and professional standards. Because they require accountability, the borrowers benefit from higher quality service standards. By hiring a lender who belongs to a professional industry organization, you can be confident that he or she upholds high quality standards.
Read more in our book, "Buy Your First Home", http://preview.tinyurl.com/cs4724e.