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The California Association of Mortgage Brokers was established in 1990 by mortgage professionals throughout the state. Today, CAMB's members total more than 3,000 mortgage brokers and affiliated service providers across California. Mortgage brokers are consumer advocates in the mortgage selection process, helping homebuyers to pre-qualify, select a mortgage loan, and complete escrow. By linking with banks, other financial institutions, and private lenders, mortgage brokers offer consumers access to a wide range of choices as they select the right mortgage for their needs. The California Association of Mortgage Brokers (CAMB) is a nonprofit, professional trade organization consisting of licensed real estate brokers, salespersons, and affiliated lenders whose primary business is assisting consumers in obtaining personal and commercial real estate financing, and brokering conventional mortgage loans. The association is organized into 14 regional chapters throughout California. Each chapter is governed by a local board of directors and volunteer members, and holds regular meetings and various activities for its members. CAMB members meet frequently throughout the year at forums, such as the association's annual convention and sales and marketing conference, held in different parts of the state. The association’s primary activities are: (1) providing mortgage brokers with accredited continuing educational opportunities and enrichment programs designed to raise industry standards and customer service; (2) strengthening consumer awareness of mortgage broker services; (3) providing CAMB’s members with information about state and federal legislative and regulatory developments related to the industry; (4) protecting the means and methods of mortgage brokering from unfair regulatory restrictions; (5) providing a close union of mortgage professionals the opportunity to network and learn from each other; and (6) working to increase access to home ownership and housing affordability for all Californians. Professional or Associate membership in CAMB requires a DRE broker or salesperson license in good standing, principal responsibility for the named mortgage broker business, and agreement to abide by the demanding CAMB Code of Ethics. Those who join are granted membership in CAMB, NAMB and the CAMB local chapter, thereby providing networking opportunities at the state, federal and local level. With the enthusiastic support of California’s mortgage professionals, CAMB will continue to work for the industry, continue to provide high quality member benefits, and prepare its members for the challenges of the future.
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