Enron, Tyco. Adelphia. Today’s headlines are filled with companies forced into bankruptcy, corporate officers going to jail, shareholder lawsuits, ruined investor confidence and lost sales and customers. In this environment, how can you arm yourself with the skills and knowledge to positively impact both your corporation’s reputation and its bottom line?

Ethics in Mortgage Lending will help you to respond to the broad range of challenges you face daily. Through lively, interactive case studies and scenarios as well as text and quizzes, you will obtain the knowledge you need to make sound legal and ethical decisions. Ethics in Mortgage Lending will train you to:

• Understand the industry’s laws, rules, and regulations that govern their behavior

• Respond to situations in a more effective, pro-active manner

• Employ both the Canon of Ethics and industry Best Practices

• Prevent ethical and legal lapses from occurring!

Don’t let you or your company be the next headline! Train today to avoid risks and pitfalls yet seize business opportunities.

Course Outline:

Lesson 1 - Ethics in Real Estate Financing

• What ethics are and how they impact individual decision making
• Impact of ethics on business practices and overall corporate responsibility
• Examples from recent scandals involving dishonorable business practices
• How an individual employee’s ethics and practices impact a company, its customers, and the community as a whole
• Lesson quiz to evaluate your comprehension of the materials presented

Lesson 2 - Applicable Laws and Regulations

• Fair lending, predatory lending, and fraud
• MBA Canon of Ethics
• RESPA
• The Sarbanes-Oxley Act - public company requirements
• The Gramm-Leach-Bliley Act's privacy provisions
• Best practices from the real estate finance industry
• Lesson quiz evaluating your comprehension of the materials presented

Lesson 3, 4, 5, and 6 - Case Studies

Each case study lesson contains:

• A scenario demonstrating an ethical dilemma that may arise in everyday settings
• A review and analysis of the scenario from a legal/ethical point of view
• Lesson quiz evaluating your comprehension of the materials presented

Lesson 7 - Case Synthesis

• You are presented with a scenario that contains ethical dilemmas
• You are asked to make judgments and propose actions based on those judgments

Supplemental Readings Links to documents and external sources for further readings on the issues, laws, and regulations presented by the course.

Course Credit:
Completion of this course earns five points toward MBA's Certified Mortgage Banker (CMB), or Certified Mortgage Technologist (CMT) designations. This course also earns five points towards MBA's Mortgage Industry Leadership or Residential Loan Production Achievement Certificate programs.