ABOUT OUR COMPANY
Who is New Beginning Mortgage Corporation?
New Beginning Mortgage Corporation is a mortgage company that
specializes in helping people secure a new home loan. New Beginning
Mortgage Corporation is determined to help you get a fresh start!
Why should you use New Beginning Mortgage Corporation?
New Beginning Mortgage Corporation works hard to get you the loan
that you need. Our loans are easy to qualify for and our clients
are often shocked when they see how much money they can save.
We are fast, reliable and we use a common sense approach to getting
you your money. While other lenders are looking for an excuse
to reject your loan application, New Beginning Mortgage Corporation
is getting you your new loan. Unlike most other mortgage companies,
our customers get the respect and honesty that they expect.
New Beginning Mortgage Corporation was created to help homeowners
get the 2nd chance they need and deserve with regards to their
home loan needs of today and into the future. We believe that
with the passing of each new day, a new and better way to help
our homeowners exist. It is our mission to do everything in our
power to find it, improve it and refine it in such a way that
our homeowners receive the greatest benefit from it!
CODE OF CONDUCT
Our company is committed to making loans to all applicants on
a consistent, fair and reasonable basis. We conduct business in
an ethical manner reflecting our values of professionalism, integrity,
and excellent service to all customers.
We do not endorse practices such as equity stripping, flipping
or steering, and expect the same of our employees. Equity stripping
is defined as making a series of loans to a customer, which results
in the loss of equity and may ultimately lead to loss of the property.
Flipping is the practice of refinancing existing loans within
a short period of time where the borrower receives little or no
benefit and the lender charges unnecessary fees. Steering is the
practice of steering a borrower to a lender where the originated
and/or company would receive a larger compensation for the loan
in question, with no regard to what is best for the borrower.
Our company therefore subscribes to the following code of conduct
and expects its employees do so as well.
Laws and Regulations
Comply with all state and federal laws and regulations, including
but not limited to,
The Equal Credit Opportunity Act, (ECOA)
The Fair Housing Act, (FHA
The Fair Credit Reporting Act, (FCRA)
The Truth in Lending Act, (TILA)
The Real Estate Settlement Procedures Act, (RESPA)
Secure and Fair Enforcement for Mortgage Licensing Act of 2008,
Provide customers with timely and accurate disclosures of terms,
costs and fees. Display all notices as required by federal, state
and local laws.
Equitable Treatment of Customers
Establish and maintain an environment that encourages fair and
equitable treatment of all customers in compliance with the spirit
of fair lending laws. Treat all customers fairly with regard to
loan pricing, processing and programs regardless of race, color,
age, gender marital status, disability or national origin. Respond
to customer concerns quickly, taking appropriate action addressing
concerns and resolving issues as they arise.
Respect a customer's right to privacy by complying with federal
and state privacy laws.
Offer all products to the widest range of customers as practical
and do not engage in marketing practices inappropriately targeted
towards minorities and the elderly. When negotiating the price
or terms of a loan, treat all customers in a consistent manner.
Ensure advertising and marketing material comply with federal,
state and local laws.
Procedures and Training
Establish fair lending procedures, guidelines and training to
all employees to ensure each customer is treated in an equitable
manner. Ensure sales personnel understand the purpose of disclosure
notices and can explain each to the customer.
New Beginning Mortgage Corporation
6939 S. 66th East Ave, Suite 300
Tulsa, OK 74133
NMLS 182001 / NMLS 184259