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The owners of AFF strongly believe in the California Association of Mortgage Brokers and what it stands for, the protection of American Consumer, educating originators in the industry, adhere to lending best practices and adhere to the strictest code of ethics in its dealing with it customers, clients and members among other things!
The following loan advisors are members of the association:
Fred Arnold, President-Elect for the association and state board member for the past four years.
Fred Kreger, Past President of the North Los Angeles Chapter and past board member for the state.
About the California Association of Mortgage Brokers
The California Association of Mortgage Brokers was established in 1990 by mortgage professionals throughout the state. Today, CAMB's members total more than 4,000 mortgage brokers and affiliated service providers across California.Mortgage brokers are consumer advocates in the mortgage selection process, helping home buyers to pre-qualify, select a mortgage loan, and complete escrow. By linking with banks, other financial institutions, and private lenders, mortgage brokers offer consumers access to a wide range of choices as they select the right mortgage for their needs.
The California Association of Mortgage Brokers promotes the highest standards of professional and ethical conduct, among which are expert knowledge, accountability, fair dealing, and service to our clients and our community. The Association provides education, legislative and regulatory representation, and public relations for its membership and the mortgage industry, while serving as a forum for the development of common business interests.
By signing an application for membership in the California Association of Mortgage Brokers, every applicant signals his or her commitment to uphold CAMB's values as follows:"I pledge to conduct my business in accordance with the laws, rules, and regulations of the state of California, the federal government, and in accordance with the Code of Ethics, Standards of Practice, Bylaws, and Board policies of the California Association of Mortgage Brokers, and the National Association of Mortgage Brokers, as applicable. I understand that failure to do so may result in the termination of my membership without refund."
The members of the California Association of Mortgage Brokers, believing that the interest of the public and private sectors are best served through the voluntary observance of ethical standards of practice, hereby suscribe to the following Code of Ethics.
Honesty and Integrity
CAMB members shall conduct business in a manner reflecting honesty, honor, and integrity.
Professional Conduct
CAMB members shall conduct their business activities in a professional manner.
Honesty in Advertising
CAMB members shall endeavor to be accurate in all advertisements and solicitations.
Confidentiality
CAMB members shall avoid unauthorized disclosure of confidential information.
Compliance With Law
CAMB members shall conduct their business in compliance with all applicable laws and regulations.
Disclosure of Financial Interests
CAMB members shall disclose any financial interest they may have in a loan transaction.
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CAMB Standards of Professional Practice
A Guide to Ethical and Professional Practices in Mortgage Brokerage
Housing is one of the most basic of all human needs. Home ownership is an integral part of the fulfillment of the American Dream. Members of the California Association of Mortgage Brokers (CAMB) act as consumer advocates while obtaining the finest financing that is available for the achievement of this dream. The role of the CAMB member is an honor as well as a social responsibility. CAMB members adhere to the highest standards of ethical and professional conduct while fulfilling this responsibility. The following Standards of Professional Practice are a model by which CAMB members can measure their performance. No Standards of Practice can prescribe actions covering all situations. Common sense and good moral judgment are required in applying ethical principles to the complex realities of the mortgage broker's duties. Adherence to these Standards will enhance professionalism in the Mortgage Brokerage industry and foster goodwill among those who do business with CAMB members.
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