The trade group that used to exclusively represent residential mortgage brokers when the market was much stronger is taking new steps to broaden its reach.
Data from Wholesale Access Mortgage Research & Consulting Inc. indicate that brokers garnered as much as a two-thirds market share in some years before the financial crisis.
Back then, NAMB was known as the National Association of Mortgage Brokers. But after the crisis, the trade group became known as the National Association of Mortgage Professionals.
Source: Mortgage Daily