Ethical Issues in Mortgage Brokerage: A Governance Report Analysis

This report examines the ethical and governance challenges within the mortgage brokerage industry, referencing the Royal Commission's findings and applying deontology theory. It highlights the significance of ethical frameworks and regulatory oversight in preventing fraud and unethical practices. The report analyzes the role of brokers, their interactions with banks and borrowers, and the importance of transparency and accountability. It investigates unethical behaviors such as misrepresentation, hidden fees, and conflicts of interest, and discusses the safeguards provided by APES 110. The report further assesses the need for stronger regulations and ethical guidelines to protect consumers and maintain the integrity of the financial system, offering recommendations for improved practices and risk management within the mortgage brokerage sector.