Consumer Information
As a consumer, we know that you are interested in finding out everything you can about the home loan process. Please take a few moments to look through the consumer section of our site and, if you still have questions, feel free to contact the GAMP Office at (404) 845-4075 or send us an email.
Why Use a Mortgage Broker?
The following information should help you better understand what a mortgage broker is and why it is beneficial for you to utilize the services of a mortgage broker when you need a home loan.
What is a Mortgage Broker?
A professional mortgage broker is trained to assist a consumer in obtaining the best real estate loan available according to a particular consumer's needs. Mortgage brokers are not tied to one source of funding, but are able to obtain funds from a wide variety of investors who offer hundreds of loan programs. Because each of these investors establishes its own criteria for credit, property, and income, a mortgage broker can often match a borrower's needs with a program to suit those needs.
Who Should Use a Mortgage Broker?
Since mortgage brokers arrange real estate secured loans, any current or prospective real estate owner can utilize their services. A mortgage broker can often save a borrower a great deal of time and effort by shopping the lending market for the loan program that is right for the borrower. When using a mortgage broker, a borrower can make just one loan application rather than applying more than once at various lending institutions. A loan request made through a mortgage broker is then fully processed in the shortest amount of time possible.
Mortgage Brokers are Competitive
Unlike some banks and other lending institutions, mortgage brokers have many sources of funding. This often gives the mortgage broker an advantage in two ways: finding the right loan program for each consumer based on the consumer's needs; and, being competitive in regard to interest rates.
Mortgage Brokers are Educated
A mortgage broker licensed in the state of Georgia is required to complete a class on Georgia Rules & Regulations before being granted a license, and is further required to complete 12 hours of approved continuing education credits each year in order to renew his/her license. New legislation has just been passed which will also require loan originators to be licensed, and they will also have education requirements.
Why Use a GAMP Member When You Need a Home Loan?
The Georgia Association of Mortgage Professionals (GAMP is a nonprofit trade organization whose membership is composed of mortgage brokers and other industry-related professionals. Upon joining the organization, GAMP Members agree to abide by a Code of Ethics and Best Business Practices that govern the manner in which they do business. If you find that you have a problem when doing business with a GAMP Member, the GAMP Ethics Committee can help you and the member arrive at an amiable solution. Ethics and professionalism are very important to GAMP and its membership. Additionally, GAMP keeps its members abreast of relevant topics, concerns and current industry developments, so you can be assured that a GAMP Member will have the latest information when helping you with a home loan.
Use a GAMP Member when You Need a Real Estate Loan
Our members endeavor to provide the best products and services to each borrower. When you need a real estate loan, we recommend that you choose a mortgage broker who has demonstrated his or her professionalism by joining the Georgia Association of Mortgage Professionals.
GAMP Consumer Support
GAMP has participated in consumer forum presentations held in conjunction with the Mortgage Bankers Association of Georgia (MBAG), the Greater Atlanta Home Builders Association, and the Realtors to educate consumers and answer questions on mortgage lending and housing industry topics.
Members of the GAMP Board are also available to answer any questions consumers may have about the mortgage process.
If you would be interested in having GAMP make a presentation to your group, or if you have questions about the mortgage lending process, please contact GAMP at (404) 845-4075 or send us an email.
Georgia Association of Mortgage Professionals (GAMP)
5784 Lake Forrest Drive, Atlanta, GA 30328
(404) 845-4075 Phone, (404) 843-3402 Fax
info@gamp.pro | www.gamp.pro
Consumer Links
GAMP “Find a Mortgage Broker/Loan Originator Member”
When you need a home loan, use a mortgage broker who is dedicated to providing you with the best service and degree of professionalism. Be sure to search for a GAMP Professional or Loan Originator Member in our GAMP Member Directory on this site.
GAMP Code of Ethics and Best Business Practices
GAMP Members subscribe to a Code of Ethics and Best Business Practices. Take a moment to view GAMP's Mission, Code of Ethics and Best Business Practices found on this site.
Click here to view the Ethics & Standards section of our site.
Georgia Department of Banking & Finance Web Site
The Georgia Department of Banking & Finance licenses mortgage brokers in the State of Georgia. Check the status of a Mortgage Broker on the Georgia Department of Banking & Finance Web Site by clicking on the link below.