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Lower Fees for NAMB Members

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A wholesale lender based in Washington is offering discounts to members of the National Association of Mortgage Brokers.

NAMB members will receive a $100 discount on NetMore America Inc.’s administration fees, an announcement today said.

Brokers must show that they are an active NAMB member or show that they join before Dec. 10.

“NetMore’s intention is to raise the level of participation of mortgage brokers within NAMB, the voice of the mortgage broker industry, representing the interests of mortgage brokers and homebuyers since 1973,” the statement said.

The three-year-old firm says that half of its originations are insured by the Federal Housing Administration and half are agency loans. With 215 employees, NetMore reported more than $1 billion in production during its fiscal year ended Sept. 30

Lisa Schreiber, chief strategy officer at the Walla Walla, Wash.-based lender, added, “We believe by partnering with NAMB we can improve the reputation of our industry and remain a viable solution for borrowers.”

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