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| Licensed Mortgage Professionals | ||
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The Consumer Mortgage Bureau has developed two designation programs to define the Mortgage Industry in the wake of the S.A.F.E. Mortgage Licensing Act of 2008. On July 30th, 2008, the President signed the Housing and Economic Recovery Act of 2008 (H.R. 3221) into law to stabilize the housing market and help alleviate the financial crisis. Title V of the Act, the Secure and Fair Enforcement (S.A.F.E.) for Mortgage Licensing Act of 2008, is specific to the registration and education of mortgage loan originators across the country to aid with consumer protection and fraud reduction.The S.A.F.E. Mortgage Licensing Act mandates that all loan originators be identified through the Nationwide Mortgage Licensing System and Registry (NMLS) and establishes uniform minimum national standards for testing and education.
The LMP is Licensed Mortgage Professional is a certified member of the Consumer Mortgage Bureau. This member has met all qualifications and agrees to adhere by the Code of Ethics. In addition, all LMPs are:
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| Consumer Mortgage Bureau 11350 McCormick Road Executive Plaza 3, LL4 Hunt Valley, MD 21031 Phone: 877-527-5917 |
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