The primary goal is to ensure that all individuals have equal access to credit, regardless of race, gender, religion, or other personal factors.

Fair lending means that all applicants are evaluated based on their ability to repay the loan and not on discriminatory factors.

Mortgage loan originators should disclose any potential conflicts of interest and act in the best interest of the borrower while ensuring fairness and transparency.

An ethical practice includes offering loans with transparent terms, clear explanations of the repayment schedule, and fair interest rates.

Transparency ensures that borrowers understand the terms, costs, and risks associated with their loan, fostering trust and fairness.

Following ethical practices helps build trust, prevent discrimination, and ensure that the borrower is treated fairly during the loan process.

Discriminatory lending practices undermine the fairness of the credit system, often leading to economic inequality and limiting access to credit for some groups.

Mortgage loan originators can promote fair lending by adhering to the law, ensuring equal access to credit, and treating all borrowers fairly.

Clear information helps borrowers understand the loan terms, their responsibilities, and the risks involved, promoting informed decision-making.