- Format:Online Self-Paced
- Education Type:Professional Development
- Line of Authority:N/A
- Language:N/A
- Credit Hours:N/A
This course will educate students on the ethical challenges faced by mortgage professionals prior to the market crash, legislation implemented to put a stop to these harmful practices, and how these efforts forever changed the face of the industry. In addition, students will learn the differences between predatory lending and mortgage fraud and how each presents their own risks to the safety of consumers and organizations alike, as well as various types of fraudulent and harmful practices and what they mean in a mortgage lending context. Mortgage professionals will learn how to avoid the pitfalls that led to the financial crisis, so they can protect themselves, the organizations they work for, and the welfare of their clients and the industry as a whole.
What You'll Learn
- The difference between predatory lending and mortgage fraud
- Practices that constitute unethical and fraudulent conduct and how they may be avoided
- Federal laws and regulations in place to prevent unethical practices in daily mortgage business
- The consequences of engaging in unethical practices
What's Included
State Requirements
Professional development courses are not required by any state. These courses are designed to help you advance your career, grow your business and make the commitment to lifelong learning.