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About Us

The UpFront Mortgage Brokers Association (UMBA) is a non-profit organization that was formally created in August of 2001.

The stated purposes of the Association include the following:

  • To develop a code of standards for mortgage professionals, who shall be referred to as Upfront Mortgage Brokers.
  • To develop a monitoring process for Upfront Mortgage Brokers that attests to their adherence to the code of standards.
  • To promote the use of Upfront Mortgage Brokers as a way of increasing the efficency of the home loan market and curbing predatory practices.
  • To increase public knowledge and understanding of Upfront Mortgage Brokers through educational and informational programs and materials.
  • To promote and represent the common business interests of, and improve business conditions among, members of the UMBA.

The Association has a five person Board of Directors. The day-to-day operations of UMBA is handled by five UMBA members who serve as officers of the Association.

The Upfront Mortgage Broker® Commitment

Mortgage brokers who accept and practice the principles embedded in this Commitment are eligible for membership in the UpFront Mortgage Brokers Association (UMBA). Members of UMBA carry the trademark designation UpFront Mortgage Broker® and commit to the following:

  1. The UpFront Mortgage Broker (UFMB) will endeavor to act in the best interests of the borrower.
  2. The UFMB will use his best efforts to determine the loan type, features, and lender services that best meet the borrower’s needs, and to locate the best wholesale price for that loan from the lenders with which the UFMB is approved.
  3. The UFMB will establish a fee for his/her services upfront and in writing, before the loan application is submitted, based on information requested by the UFMB and provided by the borrower. The fee may be a fixed dollar amount, a percent of the loan, or a combination of these allowed by law. The fee will cover all services provided by the UFMB, including any and all processing fees.
  4. The UFMB will credit the borrower any and all excess yield spread premium received from the lender after their stated amount as allowed by law. This credit will reduce the settlement charges, not a down payment of a purchase and may exceed the UFMB’s fee for services.
  5. When directed by a borrower who has met lender lock requirements, the UFMB will lock the terms of the loan - interest rate, points or yield spread premium/credit and other major features. After the terms of the loan have been locked, if requested by the borrower, the UFMB will provide a copy of the lender’s written confirmation of the rate lock. The rate lock confirmation will show any and all yield spread premium or discount points associated with the interest rate.
  6. The UFMB will maintain a web site on which this Commitment will be prominently displayed. If the web site displays mortgage prices, the UFMB will indicate whether the prices include the UFMB’s fee for service, or if the UFMB’s fee will be an added charge.

Special Note

If your employer/company does not operate exclusively as a mortgage broker, you are not eligible for UMBA membership.

Apply For Membership


Jack Guttentag
Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania

Jeff Jaye
Amerifirst Financial

Kevin Iverson
President, Reed Mortgage Corporation

Jared Martin
Chief Executive Officer, Keystone Funding, Inc.

Jodi York-Caraballo
Network Mortgage, LLC.

No Need to Read Between the Lines with UMBA


3000 So. Jamaica Ct.
Suite 145
Aurora, CO 80014

Phone: 303.274.6863
Fax: 303.979.6094
[email protected]

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