Code of Ethics



Code of Ethics

Our employees shall conduct our business according to the following business principles.


Employees shall conduct their business in a professional manner, ensuring that their personnel are knowledgeable in the areas of mortgage banking in which they participate and are acting in compliance with sound industry practices.


Employees shall act in conformity with applicable laws and regulations and shall cooperate in every appropriate way with all governmental bodies in the interest of establishing and maintaining an efficient and fair framework for mortgage credit. 


Employees shall act in a manner that recognizes that integrity and confidence are essential in the mortgage banking business.


Employees shall accord oral agreements the same sanctity given written agreements.


Employees shall not breach or avoid an agreement or commitment, nor encourage others to do so.


Employees shall encourage healthy competition in the mortgage banking business.


Employees shall conduct their business without regard to the race, color, religion, marital status, national origin, gender, sexual preference, or age of the persons with whom they deal.


Employees shall preserve the integrity of all parts of a loan submission, appraisal and other reports and make full disclosure of all pertinent facts including any interest they may have in the loan project or property.


Employees shall not quote to a prospective borrower interest rates or other loan terms which are not likely of realization.


Employees shall make all reasonable efforts to process loan applications and advise applicants of approval or disapproval promptly and to close and disburse in a timely manner. 


Employees shall use all efforts available in servicing investments entrusted to their care to effectively discharge their obligations to both investor and borrower.


Employees shall maintain all monies which are received as escrow reserve or impound accounts in a prudent and identifiable manner and shall use these funds for the purpose for which they were received.


Employees shall report knowledge of any ethical violations immediately to senior managers of the KDM.