A Mortgage Broker Defined
A Mortgage Broker is a real estate financing professional who, as their
business, puts together a lender and a borrower. This is done after thoroughly reviewing the needs and capabilities of that borrower, the characteristics of the subject property and the various lending programs lending programs available from a wide range of lenders. This is done in compliance with and under the restrictions of all state and federal laws.

A Mortgage Broker's Benefit to the Public

The loan program, which best suits a particular borrower, is not always evident when that borrower makes loan application. Often a loan program which at first looks as if it's a good match may not be practical as the loan is processed and additional information about the borrower and/or property is received. Lender
loan programs and the rates inherent in each program often change on a daily basis. Using a Mortgage Broker allows the consumer the opportunity to go to a different lender if the original program, or its rates and/or fees have changed,
or it the circumstances of the borrower of property warrant changing. A Mortgage Broker represents their client by accessing a multitude of lenders. The Mortgage Broker may, therefore, offer their client greater flexibility through more varied programs than those which are offered through a single bank.

In Summary

In summary, the Mortgage Broker Industry has enjoyed remarkable evolution and growth in our state. As Mortgage Brokers, and as an association, we seek to do just one job and to do it well. We provide an outstanding service to the clients we serve, to our communities and to the lending/banking industry.

MORTGAGE BROKERS LEAD CHARGE TO PROTECT CONSUMERS

There is good news for Washington consumers looking to achieve the American Dream of home ownership.  With the implementation of House Bill 2340, The Mortgage Broker Practices Act, on January 1, the state’s 8,000 loan originators must be licensed with the Washington State Department of Financial Institutions (DFI).  The Washington Association of Mortgage Brokers (WAMP) applauds the state legislature for this bold initiative which will protect consumers when entering one of the largest financial transactions of their lives…more

Consumer Assistance

Find a WAMP Mortgage Broker or Loan Originator In Washington

Buying a second home

2 out of 3 americans choose mortgage brokers for their loans

Why do business with a Mortgage Broker?
Answers to your Mortgage Broker questions  

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WAMP Consumer Testimonials

Identity Theft

Identity Theft - What's it All About
Take Charge: Fighting Back Against Identity Theft
Remedy the Effects of Identity Theft
Summary of Your Rights Under the Fair Credit Reporting Act

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Credit Repair: Self-help may be the best
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