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Mortgage Experts Launch ‘Better Mortgage Bureau,’ for Consumers Looking for Legitimate Home Loans

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RISMEDIA, August 24, 2007-With an entire industry quaking, it was bound to happen.

A Better Business Bureau-type organization has finally arrived to help the mortgage industry to regain its credibility and footing among consumers. It’s called the Better Mortgage Bureau.

The Better Mortgage Bureau is an organization that provides consumers the necessary tools and education in order to make informed home-buying decisions. The BMB mission is to elevate consumer awareness through shared experiences and industry experts. The BMB was built to establish the Best Practices benchmark for the mortgage industry. According to the new organization, the Better Mortgage Bureau is the “Good Housekeeping Seal of Approval” for the mortgage industry.

Consumers can search the repository of all BMB members to find the mortgage professional that meets their needs. For the first time, consumers can be assured that their mortgage professional is licensed, trained and will adhere to the BMB code of ethics. Mortgage brokers, loan officers and lenders who join the BMB immediately add credibility to their profession.

“We intend to shore up the mortgage industry’s battered image in America,” said Lance Cassell, the Better Mortgage Bureau’s Managing Director. “We see an industry that needs trust and reliability today as much as home builders need bricks and mortar.”

At a time when mortgage fraud is reaching near epidemic proportions, consumers now for the first time will have a way to check the credentials of mortgage professionals and lodge complaints for free, just as they do at the Better Business Bureau.

“This is exactly the type of consumer service that the public and the industry has been waiting for to show that it is responsible and trustworthy and it couldn’t have come at a more opportune time,” said Raymond David, vice president and general counsel of Kennedy Mortgage Corporation, out of Las Vegas, NV, who has recently joined the BMB.

The Better Mortgage Bureau is an organization established to provide consumers with the necessary tools and education in order to make informed home-buying decisions. The BMB mission is to elevate consumer awareness through shared experiences and industry experts.

For more information, call Elyse Bender 561-750-9800×229 or e-mail Elyse@transmediagroup.com.

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