Please review this information regarding the National Association of Mortgage Brokers policy on processing and administration fees:
NAMB says processing and administration fees are a violation of their Code of Ethics "because they are generally not related to any actual service performed by a broker."
NAMB says processing and administration fees are a violation of their Code of Ethics "because they are generally not related to any actual service performed by a broker."
In addition, NAMB says it is not necessary to pay an application fee on your mortgage.
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