The National Association of Mortgage Brokers (NAMB) has introduced the Lending Integrity Seal of Approval. NAMB says the seal is designed to help consumers identify individual mortgage brokers and loan officers who meet the industry's highest standards for knowledge, professionalism, ethics and integrity.
To earn the right to display the Lending Integrity Seal of Approval, a mortgage broker or loan officer must be a member of NAMB; possess a current state-issued mortgage license or registration; submit three business references; pass a national criminal background check; attend professional education training, including ethics training; adhere to NAMB's Code of Ethics and Standards of Best Business practices; and abide by NAMB's formal ethics grievance review process.
The public should begin to see the Lending Integrity Seal displayed in advertisements and by professional mortgage originators who meet the Lending Integrity criteria sometime in early 2008, NAMB adds.