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Ethics and Fraud Prevention in Mortgage Lending

Ethics And Fraud Prevention In Mortgage Lending

Explore essential ethics concepts required for the NMLS exam. This content focuses on ethical practices in mortgage lending, enhancing understanding and compliance with industry standards. Ideal for professionals aiming for...

Questions: 30 | Attempts: 15 | Last updated: Aug 4, 2025

Sample Question 1
Who are potential participants in mortgage fraud?

Anyone who is part of the transaction: The Borrower, Seller, Real Estate Agent, Broker, Lender, Accountant, Appraiser, Attorney, Title Company

Just the Lender

None of the above

Only the Borrower

Sample Question 2
Who is typically responsible for committing Fraud for Property (also known as Occupancy Fraud)?

The Title Company

The Seller

The Buyer or Borrower

The Real Estate Agent

Sample Question 3
Who is most likely to commit fraud for profit?

Government Officials

Law Enforcement Officers

Charity Workers

Industry Insiders