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Article: Loan Officer Licensing-Crucial Legislative Issue for Washington Consumers and Mortgage Brokers.
- Article from:
- PR Newswire
- Article date:
- January 9, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EDMONDS, Wash., Jan. 9 /PRNewswire/ -- The Washington Association of Mortgage Brokers (WAMB), the voice for Mortgage-related issues throughout the state of Washington, announced today its unwavering support of a crucial, pending legislative initiative that involves loan officer licensing and expanded examination authority by the Department of Financial Institutions (DFI) in the state of Washington.
"In nearly every consumer industry there is potential for fraud, however, more times than not, highly regulated industries uncover noncompliance due to a naive lack of knowledge," explained Jeff Berglund, president of WAMB. "That's why as an organization we are ...