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Do you know your association officers and directors?

National Mortgage Professional
Mar 05, 2008

NAMB expands consumer education effort with homebuyer brochureMortgagePress.comavoid identity theft, consumer education, credit report, trigger lists The National Association of Mortgage Brokers has introduced a brochure designed to help consumers protect their identities when applying for a home loan. Titled, "What Happens When Your Credit Report is Requested?" the brochure includes advice on how to avoid identity theft, stop unwanted phone solicitations and spot fraudulent offers of credit. The brochure is available for purchase online at "This brochure is one more way NAMB is demonstrating its commitment to consumer education," said NAMB Immediate Past President Harry Dinham, CMC. "Understanding how credit and credit reports work is one of the first steps to owning your own home. We want to make sure consumers are aware of the threats to their good credit and what they can do to protect themselves." The brochure walks consumers through the steps that take place after a mortgage originator requests a credit report. One of the most common problems individuals face is unsolicited calls from would-be mortgage providers. These calls occur when credit agencies sell personal data about consumers to lead-generation companies. Called trigger lists, NAMB has been a vocal opponent of this practice, because it can be so closely aligned with identity theft and deceitful sales tactics. Other steps outlined in the brochure to protect your private information include: •Avoid clicking on links in unsolicited e-mails and using obvious passwords for access to personal Web information or other files; •Do not give out personal information without knowing the person you are dealing with; and •If you think your identity has been stolen or personal information compromised, contact the Federal Trade Commission (877) 382-4357. "One easy step consumers can take to protect themselves right away is to shred documents that contain information, like Social Security numbers," said Dinham. "There's no such thing as 'too careful,' when it comes to protecting your good credit." For more information, visit
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