CONDUCT AND RESPONSIBILITIES AS A MEMBER OR CANDIDATE OF THE NATIONAL ASSOCIATION OF MORTGAGE PROFESSIONALS

Members and/or Candidates must not engage in any conduct that compromises the reputation or integrity of the National Association of Mortgage Professionals and the Mortgage M.

CONFLICTS OF INTEREST

Members and Candidates must make full and fair disclosure of all matters that could reasonably be expected to impair their independence and objectivity or interfere with respective duties to their clients, prospective clients, and employer. Members and Candidates must ensure that such disclosures are prominent, are delivered in plain language, and communicate the relevant information as required by state and/or federal law, effectively.

FAIR LENDING

Members and Candidates must deal fairly and objectively with all clients when providing mortgage financing analysis and recommendations.

KNOWLEDGE OF THE LAW

Members and Candidates must understand and comply with all applicable state and federal laws, rules, and regulations and those of any governing entity, regulatory organization, or licensing agency (including NAMP's Gold Standard of Professional Conduct) pertaining to mortgage solicitation, origination and advertising. In the event of conflict, Members and Candidates must comply with the more restrictive law, rule, or regulation. Members and Candidates must not knowingly participate or assist in, must separate themselves from and report any violation of such laws, rules, or regulations to the appropriate governing authority.

LICENSING

Members and Candidates must AT ALL TIMES have a valid NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY (NMLS) number and MUST BE in GOOD STANDINGS. Members and Candidates must AT ALL TIMES have valid State Licensing in the state or states where they conduct business and MUST BE in GOOD STANDINGS.

EDUCATION- MINIMUM STANDARDS

These minimum standards for membership are developed by the National
Association of Mortgage Professionals" and the Mortgage M. Members and Candidates must meet ALL the educational requirements set by the NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY (NMLS) and applicable State Licensing Authority. In addition, Members and Candidates of the National Association of Mortgage Professionals' and the Mortgage M must complete an additional six-teen (16) hours of education in Ethics and Industry Competency.

LOYALTY TO THE MORTGAGE INDUSTRY

In matters related to employment in the mortgage industry, Members and
Candidates must act for the benefit of the mortgage industry and not bring discredit to our profession. Members and Candidates must not engage in any conduct that compromises the reputation or integrity of the mortgage industry and are expressly prohibited from dual employment within the mortgage industry.

MIS-REPRESENTATION

Members and Candidates must not knowingly make any misrepresentations or be party to any act of fraud including but not limited to status of licensure and the distortion of the mortgage application in anyway with the intent to mislead mortgage financing analysis, recommendations to prospective and current clients as well as to mortgage industry representatives.

PRESENTATION AND DISCLOSURE

When communicating mortgage financing terms, fees and conditions, Members or Candidates must make every reasonable effort to ensure that it is fair, accurate, and complete and abides by all legal requirement of disclosure. Distinguish between fact and opinion in the presentation of mortgage financing, analysis, information and recommendations in mortgage related solicitation, origination and advertising.

PROFESSIONALISM

Act with integrity, competence, diligence, respect, and in an ethical manner with the public, prospective and current clients, employers, employees, and colleagues in the mortgage industry. Place the interests of your prospective and current clients and the integrity of the mortgage profession above your own personal interests. Use reasonable care and exercise independent professional judgment when conducting mortgage analysis and recommendations. Practice and encourage others to practice in a professional and ethical manner that will reflect credit on themselves and the mortgage profession. Strive to improve your professional competence and strive to maintain and improve the competence of other mortgage professionals.

PRUDENCE AND CARE

Members and Candidates have a duty to their prospective and current clients and
must act with reasonable care and exercise prudent judgment. Members and Candidates must act for the benefit of their clients and place their clients' interests before their employer's or their own interests. In relationships with clients, Members and Candidates must determine applicable fiduciary duty and must comply with such duty to persons and interests to whom it is owed.

SUITABILITY

When Members and Candidates are in an advisory relationship with a client, they must make a reasonable inquiry into a prospective or current client's mortgage financing experience prior to making any mortgage financing recommendation. Without fail, and at all times judging the suitability of a mortgage program correctly to the needs and abilities of the client.

REFERENCE TO THE NATIONAL ASSOCIATION OF MORTGAGE PROFESSIONALS AND THE MORTGAGE M

When referring to the National Association of Mortgage Professionals membership, the member or candidate must not misrepresent or exaggerate the meaning or implications of membership in the National Association of Mortgage Professionals.