Welcome to the IMBA Website!
The Indiana Mortgage Bankers Association (IMBA) was organized in 1958 as a trade association in the real estate finance industry. The mission of the IMBA is to provide services, support, and information to its members, and to promote sound and ethical business practices consistent with industry standards.
President's Message
As
Mortgage Bankers in Indiana, what truly sets us apart from everyone else?
Are we smarter, faster, better educated? ….. We might be, but what really
sets us apart from other industry participants should be a code that we
apply to the way we approach what we do everyday. The Indiana Mortgage
Bankers, at the time they incorporated in 1960 developed and implemented a
Code of Ethics (attached) that has remained in effect, unchanged to this
day. Some things are timeless!! Our Code of Ethics should be something we
should be very proud of, something that should make our customers, vendors,
and co-workers want to do business with us. We all want to do business with
others that exemplify honesty, integrity, and competence. Our Code of
Ethics deals with all three. In order to be a member in good standing in
the Indiana Mortgage Bankers Association,
one must ascribe to the principal “WHATSOEVER YE
WOULD THAT MEN SHOULD DO UNTO YOU, DO YE EVEN SO UNTO THEM”. Seems like a
fairly simple and straightforward phrase. This was written into the
preamble of our Code of Ethics in 1960. While it does not roll off the
tongue easily if read out loud, the meaning to our members is not lost even
today. In fact, it should mean more to us today in light of the
difficulties that the financial industry in general, and the mortgage
industry specifically have been through in the past several years. Below
are some brief highlights in the Code reduced to my own words:
IMBA members should be well informed on matters affecting real estate finance;
IMBA members should keep abreast of market conditions to better serve their customer;
IMBA members should protect those they do business with from fraud or any practice that may damage the dignity of our profession of mortgage banking;
IMBA members should not exaggerate, misrepresent or conceal pertinent facts in carrying out their business;
IMBA members will not be a party to any intentional act that is detrimental to property values;
IMBA members will never be a party to any intentional misrepresentation relative to deeds, mortgages, notes, or other related documents;
IMBA members should not engage in the practice of law, and should refer parties to legal counsel when appropriate;
IMBA members should be careful to advertise only truthful and understandable facts;
IMBA members should enter into financial obligations only with written agreements. Financial obligations should never be verbal.
In summary, “WHATSOEVER YE WOULD THAT MEN SHOULD DO UNTO YOU, DO YE EVEN SO UNTO THEM”. When we follow this simple rule, most everything else becomes a little easier.
Len Fischer, CMB, CRMP
First Financial Bank
One First Financial Plaza
P.O. Box 540
Terre Haute, IN 47808-0540
lfischer@first-online.com
Indiana Mortgage Bankers Association
P. O. Box 596
Fishers, Indiana 46038-0596
Phone: (317) 773-7344
Fax: (317) 773-7354
inmba@sbcglobal.net
Click here for Mortgage Bankers Association web site
www.mortgagebankers.org
