Guidelines
Redwood Empire Mortgage Lenders Association

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BEST BUSINESS PRACTICES GUIDELINES

The Best Business Practices guidelines certify that, with respect to interactions with borrowers, the broker company and its employees will: 

bulletDisclose accurate information in all solicitations and advertising 
bulletDiscuss and explain financing program options 
bulletInform borrowers, in writing, or lock-in options
bulletExplain all documents of the loan application 
bulletExplain all associated costs of the loan application 
bulletExplain the loan process, from application to closing 
bulletCharge only those fees that are disclosed or re-disclosed on the broker's good-faith estimate 
bulletCharge rates and fees that do not vary based on race, color, religion, national origin, gender, marital status, age, receipt of income form public assistance programs, or good-faith exercise f rights under consumer finance laws
bulletCommunicate with borrowers throughout the loan process in a timely manner
bulletCommit to be the borrower's financing resource before, during and after the transaction

Click here to download REMLA By-Laws (pdf)

 

 

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