We respect your privacy and take your financial privacy very seriously. We attempt to minimize the information we collect to that which is required by law and necessary to the financing process. During the course of processing your application, we accumulate non-public personal financial information from you and from other sources about your income, assets, and your credit history in order to allow us to make an informed decision about granting you credit. We restrict access to your non-public personal information to only those employees who need to know that information to provide products and services to you. We maintain physical, electronic, and procedural safeguardsthat comply with federal regulations to guard your non-public personal information.
Information Collected by Lender
When you submit a loan application to us, you should know that as part of processing your application and/or servicing your loan, we collect personal and financial information about you from the following sources:
We recognize the sensitivity of the above information and, as such, will not share personal and financial information with affiliates (an “affiliate” is a company that Lender owns or controls, or that is commonly owned or controlled by Lender’s parent holding company), non-affiliates or third parties, except as permitted by you, or as necessary to complete the mortgage lending process. Our affiliates may include financial service providers, such as title insurance agencies.
We may share personal and financial information about you (as described above) with either affiliates or non-affiliates as otherwise permitted by law. Such instances could include (but are not limited to) reports filed with certain government agencies or documents produced in response to a court order or subpoena.
We have established procedures designed to ensure that personal information about you is as accurate and complete as possible, in accordance with reasonable commercial standards. If you believe that any information about you is inaccurate or incomplete, or if you desire to change your authorization for us to share certain information, or have any other questions or comments regarding this Privacy Policy, please contact us via email to compliance@smprate.com or by calling 1-855-284-2214.