Craig McMurtrey, the group's president, said in a release Wednesday that the organization is working with the state Banking Department and members of the Legislature to bring about statutory changes in the mortgage industry.
McMurtrey said attention focused on the national mortgage crisis may help the effort to make changes to reassure the public.
The first part of the plan calls for additional licensing requirements for loan officers in the state, and a state authority to regulate out of state companies that serve consumers in Alabama.
The second part of the group's plan involves joining the National Association of Mortgage Brokers in sponsoring a lending integrity seal of approval for mortgage brokers in Alabama who meet certain criteria.
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