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Mortgage Experts Launch 'Better Mortgage Bureau,' A Free Service to Consumers Looking for Legitimate Home Loans
8/22/2007
With an entire industry quaking, it
was bound to happen.
A Better Business Bureau-type organization has finally arrived to help
the mortgage industry to regain its credibility and footing among
consumers. It's called the Better Mortgage Bureau. Its website,
http://www.bettermortgagebureau.com went live this week, and it could not have
come at a better time.
The Better Mortgage Bureau is an organization that provides consumers
the necessary tools and education in order to make informed home-buying
decisions. The BMB mission is to elevate consumer awareness through shared
experiences and industry experts. The BMB was built to establish the Best
Practices benchmark for the mortgage industry. The Better Mortgage Bureau
is the "Good Housekeeping Seal of Approval" for the mortgage industry.
Consumers can search the repository of all BMB members to find the
mortgage professional that meets their needs. For the first time, consumers
can be assured that their mortgage professional is licensed, trained and
will adhere to the BMB code of ethics. Mortgage brokers, loan officers and
lenders who join the BMB immediately add credibility to their profession.
"We intend to shore up the mortgage industry's battered image in
America," said Lance Cassell, the Better Mortgage Bureau's Managing
Director. "We see an industry that needs trust and reliability today as
much as home builders need bricks and mortar."
At a time when mortgage fraud is reaching near epidemic proportions,
consumers now for the first time will have a way to check the credentials
of mortgage professionals and lodge complaints for free, just as they do at
the Better Business Bureau.
"This is exactly the type of consumer service that the public and the
industry has been waiting for to show that it is responsible and
trustworthy and it couldn't have come at a more opportune time," said
Raymond David, Vice President and General Counsel of Kennedy Mortgage
Corporation, out of Las Vegas, NV, who has recently joined the BMB.
About Better Mortgage Bureau
The Better Mortgage Bureau is an organization established to provide
consumers with the necessary tools and education in order to make informed
home-buying decisions. The BMB mission is to elevate consumer awareness
through shared experiences and industry experts.
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