New Loan Officer Network Missions on Ethics, Honesty and Integrity

Lend Ethics is a new loan officer network that missions on bringing back ethical lending practices to the mortgage industry. They aim to accomplish this by offering borrowers a network of prescreened loan officers that adhere to strict standards of conduct. By allowing consumers to use only prescreened loan officers, Lend Ethics seeks to bring back honesty and integrity to the mortgage industry End Quote

Phoenix-Mesa, AZ (1888PressRelease) August 21, 2008 - In the wake of the mortgage crisis and the subprime fallout enters a new concept which has been seemingly lacking in a lending industry fraught with fraud, deception and fallout: a network of loan officers that missions on honesty, integrity, a strict code of ethics and a zero-tolerance policy towards members of this network. LendEthics.com became live in 2008, bolstered on an often overlooked yet necessary ideology: ethical mortgage loan officers that practice honesty and integrity and never mislead their clients.

Perhaps one of the biggest contributing factors to the subprime fallout was that there were an abundance of greedy loan officers who were more concerned with driving a fat commission off closing a loan then they were about the financial wellbeing of their clientele. This combined with banks overlooking many aspects of the underwriting process just to push loans through faster, and the classic bait and switch tactics that were employed—which led many borrowers to sign on loans that had many unfavorable conditions—and you have the ensuing mortgage tragedy that has bankrupted many lenders and caused a nice hole in the economy to appear as investors who funded much of their capitol into these loans have also had to write off billions in losses.

“The mortgage industry has experienced a horrific event,” says CEO and Founder of Lend Ethics, Lee Collins, “And LendEthics was created to help prevent this from ever happening again.”

The mission of Lend Ethics is to provide a network of truly honest loan officers to qualified buyers to find the best lender and the best rate that they can get, without having to worry about whether or not they are being scammed.

“Just because someone says “I do mortgages,” says Collins, “Does not make them a mortgage professional. It is time that consumers understand the lack of accountability in the industry, and know there is a source they can find loan officers they can trust.”

When asked what prompted him to start this network Collins replies, “We wanted to bring awareness to the consumer; we are here to break the mirrors and clear the smoke. Our approved loan professionals can answer all of your questions and navigate you through these uncertain times in the mortgage industry.” Collins goes on to say, “A mortgage is the largest debt most Americans will ever have, why did we think it could be trusted in anyone’s hands?”

Considering the current state of the mortgage industry it is rather shocking that there are little to none other websites or other companies that are offering the consumer what Lend Ethics offers to them. Of this Collins says, “We are the only website where consumers can get free mortgage quotes from LendEthics network of “approved” loan professionals. Unlike most approvals and certifications in the mortgage industry, ours are not so easy to get. First our loan professionals agree to our Zero-Tolerance Policy,” says Collins, “And then we perform a thorough Criminal Background Check. And lastly, we have a rating and review system for each and every loan professional.”

What makes Lend Ethics different than any of the other websites and companies out there? “Most websites that offer you mortgage quotes take your information and sell it to anyone willing to buy them,” says Collins, “How do you know how they treat their clients? How do you know if they have a criminal record? At Lend Ethics, Your information is only shared with our “approved” loan professionals, PERIOD!”

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