NetMore of Walla Walla, Wash., is giving a $100 price break on administrative fees to any loan broker that brings a mortgage to the company — but only if that sales associate is a member of the National Association of Mortgage Brokers. NetMore said it will extend the offer to any non-NAMB broker who joins within 30 days. A privately held nonbank, NetMore said it is providing the discount as a way to support both NAMB and "the broker community." The $100 will be deducted from fees which can average about $750. The fees are deducted from the points the broker receives on loans that actually close. NAMB lost money in is last two fiscal years.
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