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Why Choose a Certified Loan Officer?
The National Association of Mortgage Brokers (NAMB) is committed to promoting the highest degree of professionalism for its members and providing ethical and professional standards against which mortgage brokers can be measured. When combined with a code of ethics and best business practices, a NAMB-certified mortgage broker is your assurance that you are dealing with a recognized expert in the mortgage origination field.
A rigorous certification program was developed to nationally recognize brokers who have attained the highest levels of professional expertise. Developed through extensive research by mortgage industry experts, a NAMB designation is gained only once the candidate has met certain requirements of experience and knowledge to practice mortgage brokering and has passed a written examination.
There are two programs, each having different levels of experience and knowledge needed to qualify. These programs are: Certified Mortgage Consultant (CMC) and Certified Residential Mortgage Specialist (CRMS).
The objectives of the certification program are:
- To raise the standards and improve the practices of the Mortgage Broker profession. - To identify persons with demonstrated knowledge of the principles and practices of the mortgage profession, its related disciplines, and laws. - To signify to the entire real estate finance community an individual's superior knowledge, understanding, and competency. - To encourage qualified persons to continue a program of professional development.
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