Lender Code of Ethics

Cambria Mortgage, the Joe Metzler Team adheres to the Canons of the Minnesota Association of Mortgage Brokers Code of Ethics, which states:

Canon 1: Members shall conduct their business in a professional manner, ensuring that they and their personnel are knowledgeable in the areas of mortgage lending in which they participate and are acting in compliance with sound industry practices.

Canon 2: Members shall act in conformity with applicable laws and regulations and shall cooperate in every appropriate way with all governmental bodies in the interest of establishing and maintaining an efficient and fair framework for mortgage credit.

Canon 3: Members shall act in a manner that recognizes that honor, integrity and fidelity are essential in the mortgage lending business.

Canon 4: Members shall accord oral agreements made to another person the same given to written agreements.

Canon 5: Members shall fulfill their obligations under written or oral agreements with another person, and shall not breach or avoid a commitment made in good faith to another person.

Canon 6: Members shall conduct their business without regard to race, religion, color, gender, marital status, national origin, or age of the persons with whom they deal.

Canon 7: Members shall foster healthy competition in the mortgage lending business.

Canon 8: Members shall preserve the integrity of all parts of a loan submission and appraisal report and make full disclosure of all pertinent facts including any interest they may have in the loan, project, property or borrowing equity.

Canon 9: Members shall consider a correspondent or broker agreement in good faith by all parties to be an integral part of the mortgage lending system, and such agreements shall be terminated prior to its expiration only with good cause.

Canon 10: Members shall not quote to a prospective borrower interest rates or other loan terms which reasonably are not likely to be obtained.

Canon 11: Members shall make all reasonable efforts to process loan applications and advise applicants of approval or disapproval promptly and ensure that loans are closed and disbursed in a timely fashion.

Canon 12: Members shall maintain all monies which are received as third-party payments for appraisal reports, credit reports, etc., and for escrow reserve or trust accounts in a prudent and identifiable manner and shall disburse all funds only for the purposes for which they are intended.

Canon 13: Members shall not speak falsely or disparagingly of the business practices of a competitor or of a transaction being negotiated by a competitor.

Canon 14: Members shall cooperate with the Association's Ethics Committee in furnishing information relative to any investigation of a possible violation of the Cannons of this Code of Ethics and Standards of Practice.