PRIVACY STATEMENT
We are committed to safeguarding your privacy online. Please read the following statement to understand how your personal information will be treated as you make full use of our web site. If you have any questions regarding our privacy statement, please feel free to contact us by phone or email.
Gathering of Information
Voluntary Submission
We do not collect personally identifying information about any individual web site user except when knowingly provided by such individual. For example, we may ask you for information when you register for a contest or survey or to receive a newsletter. You always have the option not to provide the information we request. If you choose not to provide the information we request, you can still visit most our web site, but you may be unable to access certain options and services.
Cookies
A cookie is a data file that certain web sites write to your computer’s hard drive when you visit such sites. A cookie file can contain information, such as a user identification code, that the site uses to track the pages you have visited. We use cookies solely to enable enhanced features for our web site. We use this data on an anonymous basis and we do not correlate this information with personal data of any user.
Most Web site browsers automatically accept cookies, but you can usually change your browser settings to display a warning before accepting a cookie, or to refuse all cookies. However, if you choose to disable the receipt of cookies from our web site, you may not be able to use certain features of the site.
Browser Level Information
Our web servers automatically collect information about a site user’s IP address, browser type and referrer by reading this information from the user’s browser (information provided by every user’s browser). This information is collected in a database and used--in an aggregated, anonymous manner--in our internal analysis of traffic patterns within our web site. This information is automatically logged by most web sites.
Use of Information
Our primary goal in collecting user information is to provide financial services directly to you and to enhance your experience on our web site. We achieve this goal by, among other things, providing interactive communications such as our calculators, forms and electronic newsletters to the e-mail address that you provide to us, and developing future promotions based on your interests. To develop content targeted to your interests, we use aggregated user information to determine which areas of our web site users prefer based upon traffic to those areas. We do not track what individual users read, but instead how well each page or content area performs overall.
We do not share your identifying or financial information with any 3rd parties without your prior knowledge and consent. These 3rd parties include credit bureaus, lenders, and other financial institutions that may assist with your financial needs.
We may disclose information about our users when we believe, in good faith, that the disclosure is required by law.
Please be aware that our sponsors, advertisers or web sites that have links on our site may collect personally identifiable information about you. The information practices of those parties and web sites linked to ours are not covered by this privacy statement. Our users should also be aware that, when you voluntarily disclose personal information in chat areas or bulletin boards, that information may be collected by others and may result in unsolicited messages from others.
Kids under 13
Do not send any information about yourself to us--including information such as your name, address, or e-mail address. We do not knowingly collect personally identifiable information from children under 13. In the event that we learn we have collected any personal information from a child under the age of 13 without verification of parental consent, we will delete that information from our database as quickly as possible.
E-Mail
We respect the privacy of our readers and shall not disclose, distribute or rent the e-mail address of subscriber newsletter list to any third party, nor shall it permit anyone else to do so.
Terms & Privacy Info
We respect your privacy. Privacy is fundamental to the American way of life. When you provide personal information in order to process your transaction, you fully expect your data to be used only for its intended purpose and to be kept confidential. We respect you right to confidentiality and take every possible measure to ensure that your personal information remains personal. In short, we work hard to earn your confidence and preserve your trust. We value your business and hope you will remain with us for many years to come.
This privacy disclosure is being issued to comply with the provisions of the Gramm-Leach-Bliley Act governing the privacy of consumer financial information.
CATAGORIES OF INFORMATION THAT WE MAY COLLECT
We collect nonpublic personal information about you from the following sources:
• Information we receive from you on application or other forms such as: your name, address, social security number, assets and income.
• Information about your transactions with us, our affiliates, or others, such as: your account balance, payment history and parties to transactions.
• Information we receive from a consumer-reporting agency, such as: your creditworthiness and credit history.
NONPUBLIC PERSONAL INFORMATION AND AFFILIATES
We may disclose nonpublic personal information we collect as described above with our affiliates.
CONFIDENTIALITY AND SECURITY
We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your non-public information.
NOTICE TO APPLICANT
E.C.O.A. Notice
The Federal Equal Credit Opportunity Act prohibits creditors from discrimination against credit applicants on the basis of race, color, religion, sex, marital status, age (provided that the applicant has the capacity to enter into a binding contract); or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal Trade Commission, Equal Credit Opportunity, Washington D.C. 20580. Phone number (202) 724-1140.
I hereby acknowledge that neither you nor your agents nor employees, have made any warranties, statements or representatives as to the quality, value or condition or the property, and you are not responsible to me for the condition of the property. I agree not to assert any claim against you or your affiliates for any defect or deficiency of the property.
Applicants should be aware that the signing of any application or related documents in connection with their request for a loan, under no circumstances constitutes a firm commitment or contract between applicant and Mortgage Prophets to grant this loan. Applicant realizes that unless the loan application rate and program is locked, the terms and conditions may be changed at any time prior to loan approval due to underwriting, market conditions and investor requirements. All rate locks are subject to investor approval of the completed application and subject to their specific underwriting guidelines.
In the event that this loan application is turned down by, Mortgage Prophets, or one of its investors, applicant will be notified by written notification with an explanation.
Should Mortgage Prophets for any good reason broker this loan application to an outside investor/lender for funding, the costs listed on the Good Faith Estimate may be paid partially to the other investor/lender. Those items specifically affected would be costs of Loan Origination, Discount, Credit Report, Appraisal, Inspection, Commitment, Documents, Processing, Underwriting and possibly others.
THE HOUSING FINANCIAL DISCRIMINATION ACT OF 1977 FAIR LENDING NOTICE:
It is illegal to discriminate in the provisions of or in the availability of financial assistance because of the consideration of the:
• Trends, characteristics or conditions in the neighborhood or geographic area surrounding a housing accommodation, unless the financial institution can demonstrate in the particular case that such consideration is required to avoid an unsafe and unsound business practice; or
• Race, color, religion, sex, marital status, national origin or ancestry.
It is illegal to consider racial, ethnic, religious or national origin composition of a neighborhood or geographic area surrounding a housing accommodation or whether or not such composition is undergoing change, or is expected to undergo change, in appraising a housing accommodation or in determining whether or not, or under what terms and conditions, to provide financial assistance.
These provisions govern financial assistance for the purpose of the purchase, construction, rehabilitation or refinancing of a one-to-four unit family residence occupied by the owner and for the purpose of the home improvement of any one-to-four unit family residence.
If you have an questions about your rights, or if you wish to file a complaint, contact the management of this financial institution or the agency noted above.
At any time, if you would like to update your personal information or remove it from our records, please contact us.
How to Contact Us
If you have any questions regarding our privacy statement, please feel free to contact us by email or phone.
This statement may change periodically, so please check back on occasion.
510-LO-32823
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