NAMB Names Brokers Compliance Group Exclusive Compliance Provider – NMP Skip to main content

NAMB Names Brokers Compliance Group Exclusive Compliance Provider
Jun 10, 2013

Brokers Compliance Group (BCG) has been selected as an Exclusive Compliance Provider by NAMB+ of NAMB—The Association of Mortgage Professionals. BCG is a pioneer in providing comprehensive, outsourced, risk management services to independent mortgage professionals. Compliance support includes regulatory guidance, all policies and procedures, training, and an array of compliance services. All services are customized for mortgage brokerage firms through three cost-effective plans, Ultimate, Platinum and Evergreen. Noteworthy is the Ultimate Plan, which offers a Broker Essentials package of policy manuals and compliance support. BCG is an affiliate of the Lenders Compliance Group (LCG) of companies, a national risk management firm that offers a team of compliance professionals with unrivaled experience in the mortgage banking. Founded by Jonathan Foxx, LCG president and managing director, the mission of the firm is to provide a comprehensive, outsourced, risk management solution for mortgage firms, regardless of size, complexity, or risk profile. “Independent mortgage professionals want and need resources to navigate the complex world of mortgage compliance," said Donald J. Frommeyer, president of NAMB. "We believe that the comprehensive services available through Brokers Compliance Group and their affordable pricing model enable entrepreneurial firms to maintain the highest possible standards.” Established in 1973, NAMB is the only national trade association representing the mortgage brokerage industry. With thousands of members in all 50 states, NAMB promotes the industry through programs and services such as education, professional certification and government affairs representation. NAMB members subscribe to a code of ethics and best lending practices that foster integrity, professionalism and confidentiality when working with consumers. “We are thrilled to be the exclusive compliance provider for the NAMB. Independent mortgage professionals face a playing field that is not level," said Alan J. Cicchetti, executive director of Brokers Compliance Group. "As the first and only risk management firm devoted fully to independent mortgage professionals, we have developed a comprehensive suite of services that offers firms of all sizes an affordable and wide array of compliance solutions, provided by subject matter experts.”
Jun 10, 2013
SEC: Angel Oak Capital Advisors Misled Investors

Company, portfolio manager agree to pay $1.825M combined in civil penalties.

Regulation and Compliance
Aug 10, 2022
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
As Expected, The Fed Raises Rate By Another 0.75%

Experts say housing industry will shrug off the latest increase.

Regulation and Compliance
Jul 27, 2022
AmTrust Ends 'No-Poach' Agreement, Pays $1.25M Fine In Deal With N.Y. AG

Company also agrees to cooperate with ongoing investigations of the title insurance industry.

Regulation and Compliance
Jul 25, 2022
NAR Chief Economist: Nationwide Home Price Decline Won't Happen Soon

Lack of inventory continues to support growth in prices, which have increased year over year for 124 straight months.

Regulation and Compliance
Jul 22, 2022
FHFA Director: Fannie, Freddie Need $300B Combined In Capital

So far, the enterprises combined have built $83.5 billion in reserves, or about 27% of the target.

Regulation and Compliance
Jul 21, 2022