Myers Park Mortgage Receives NCAMP Accreditation for Best Practices, High Ethics

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Myers Park Mortgage has become the first North Carolina lender to receive the Accredited Lender® designation from the NC Association of Mortgage Professionals (NCAMP).

Myers Park Mortgage doesn't view this as a one-time recognition for our work, but as a challenge to exceed the regulated requirements of our industry and to raise the bar for others

CHARLOTTE, NC - October 10, 2007 - [REVISED] - Myers Park Mortgage has become the first North Carolina lender to receive the Accredited Lender® designation from the NC Association of Mortgage Professionals (NCAMP). This designation is granted for 12 months, with annual renewal requirements.

First announced in 2006, the new NCAMP North Carolina Accredited Lender Program requires applicant firms to stringently document internal programs and best practices, which are reviewed and approved by a peer committee. Myers Park Mortgage dedicated hundreds of person-hours to formally document meeting these requirements and became the first mortgage lender in the state to be recognized in this pivotal program.

"Myers Park Mortgage is thrilled to be recognized for our proven lending ethics and best practices," said Charles Myers, president and founder of Myers Park Mortgage. "We want to be leaders in smart, ethical lending, especially in these times of turbulence in our industry."

The application and qualification process for accreditation requires both brokers and lenders to implement best business practices, an ethics program, fair lending policy, privacy and security policies, as well as quality control and dispute resolution programs. In addition, each lending officer within the accredited organization annually must complete 12 hours of continuing education.

"Myers Park Mortgage doesn't view this as a one-time recognition for our work, but as a challenge to exceed the regulated requirements of our industry and to raise the bar for others," added Myers. "As an industry and as a company, we must bolster the confidence of consumers, banks, Realtors, builders and developers, and investors. We challenge others to join Myers Park Mortgage in this commitment."

For more information on the North Carolina Association of Mortgage Professionals and its Accredited Broker and Lender Program, visit http://www.ncmortgageprofessionals.org/accreditation/ .

Founded in Charlotte by Charles Myers in 1992, Myers Park Mortgage has been ranked number one in closing volume by the Charlotte Business Journal for three consecutive years. Myers Park Mortgage attracts and builds solid relationships with the very best real estate professionals, attorneys, appraisers and correspondent lenders in the business.

With three offices in Charlotte and one office in Blowing Rock, Myers Park Mortgage is the first mortgage lender in North Carolina to receive the North Carolina Association of Mortgage Professionals (NCAMP) Accredited Lender designation.

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Mark Harrison

Charles Myers
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