Member Application 2020

MMBBA Membership Level and Type

 Individual Member (held by the individual not a company or organization. Individual members can only sponsor events or programs in the name of the individual).)
 Organization Member (entitles membership to all employees of the organization to full MMBBA member benefits)
 Small Business Member (for companies with 2-5 employees nationally and each employee receives full member benefits)
 Active Member (directly involved in Lending, Banking and Mortgage Activities (Mortgage Brokers, Wholesale Lenders, etc.…) 
 Associate Member (work in a field that is related to mortgage activities (title, appraisal, etc.…)
 Retired (Individuals who have retired or who are no longer active on a daily basis in mortgage banking or its related areas.)

Company Information

  Corporation
  Partnership
  LLC
  Sole Proprietorship
  Yes
  No
  Yes
  No

Member Information

Sponsors

Each applicant must supply contact information for 2 sponsors that are current members of MMBBA in good standing.

*In the event an applicant is new to the area and has not yet established local relationships, the applicant will be required to provide three (3) letters of reference from either associations/organizations in which the applicant is a member in good standing and/or with which the applicant has a current business relationship within the mortgage banking field.

Code of Ethics

Article VI of the By-Laws of the Maryland Mortgage Bankers and Brokers Association, Inc. Canons of Ethics and Standards of Practice

Section 1
General. The members of this Association are mindful that the soundness, usefulness, prosperity and future of mortgage banking depend upon the honor, integrity, fidelity and judgment of all personnel engaged in this business. Each member of this Association, and each applicant for membership in the Association, recognizes its responsibility in the administration and conservation of the obligation committed to them, and being conscious of the confidence placed in them, establish and pledge that they will observe and maintain standards of conduct in their dealings with the public and with other members of this Association which will in no way discredit the mortgage banking industry, the Association or its members.

Section 2
Members shall endeavor at all times to protect the public against fraud, misrepresentation or unethical practices in the mortgage banking field.

Section 3
Members shall charge fair and reasonable fees for their services based upon current market conditions.

Section 4
Members shall not quote to a prospective borrower, directly or through advertising, interest rates, loan amounts or other loan terms impossible or unlikely of realization, for the sole purpose of encouraging the submission of a loan application.

Section 5
Members will not condone or engage in or be a party to questionable real estate lending practices.

Section 6
Members shall maintain and identify trust and escrow funds in accounts separate and apart from personal or other business accounts.

Section 7
It shall be the duty of members to be well informed on the mortgage banking industry including current mortgage market conditions, government regulations and loan administration practices in order that they may be in a position to serve all parties concerned in a fair, intelligent and beneficial manner.

Section 8
Members will use only clear, simple, truthful and understandable statements in their advertising. A member shall not advertise financing terms which do not represent the terms generally available through its efforts, unless the advertising copy expressly sets forth the special qualifications pertinent to the financing terms advertised.

Section 9
Members shall hold inviolate any information given them in confidence by their clients. This shall not be construed to prohibit the use of the furnished data in the reasonable pursuit of the purposes for which such information was transmitted.

Section 10
Members shall ascertain all pertinent facts available concerning every loan or real estate transaction in which they are a part so that they may fulfill their obligation to avoid error, exaggeration, misrepresentation, or concealment of pertinent facts.

Section 11
Violations of and complaints concerning this Code of Ethics shall be filed with the Membership Committee as provided in Article III, Section 2 of these By-Laws.

  Yes
  No