By signing an application for membership in the California Association of Mortgage Professionals, every applicant signals his or her commitment to uphold CAMP'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 Professionals, 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."
Code of Ethics
The members of the California Association of Mortgage Professionals, believing that the interest of the public and private sectors are best served through the voluntary observance of ethical standards of practice, hereby subscribe to the following Code of Ethics.
Honesty and Integrity
CAMP members shall conduct business in a manner reflecting honesty, honor, and integrity.
CAMP members shall conduct their business activities in a professional manner.
Honesty in Advertising
CAMP members shall endeavor to be accurate in all advertisements and solicitations.
CAMP members shall avoid unauthorized disclosure of confidential information.
Compliance With Law
CAMP members shall conduct their business in compliance with all applicable laws and regulations.
Disclosure of Financial Interests
CAMP members shall disclose any financial interest they may have in a loan transaction.
|Standard of Professional Practice
CAMP members and affiliates recognize the sanctity of each other's customer base and clientele and agree not to make overt attempts to recruit customers that are currently working with other mortgage professionals; excepting that, mortgage professionals may entertain new relationships when the potential customer has sought out the mortgage professional. This includes cross-qualification of prospective borrowers who have already been pre-qualified by another mortgage professional.
CAMP members and affiliates will refrain from disparaging competing mortgage professionals to potential borrowers and/or Realtors.
A Guide to Ethical and Professional Practices
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 Professionals (CAMP) act as consumer advocates while obtaining the finest financing that is available for the achievement of this dream. The role of the CAMP member is an honor as well as a social responsibility. CAMP 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 CAMP 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 professional's duties. Adherence to these Standards will enhance professionalism in the Mortgage industry and foster goodwill among those who do business with CAMP members.
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Equal access, full disclosure and objective evaluation
Predatory lending is not only unethical, predatory lending practices are often violations of State and Federal law! Examples include:
To protect consumers from falling victim to predatory lending practices, the California Association of Mortgage Professionals encourages its members to advise borrowers to:
If you would like to file a complaint click here.
California Department of Real Estate
Mortgage Loan Activities Unit:
DRE DISTRICT OFFICES:
1515 Clay Street, Suite 702
320 W. 4th Street, Suite 350
1350 Front Street, Suite 1063
Department of Business Oversight
Consumer Service -Toll Free (866) 275-2677 or (916) 327-7585
For Complaints - please choose a method to submit your information on
Federal Trade Commission
Office of Thrift Supervision
Office of Thrift Supervision
U.S. Dept. of Housing & Urban