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OMEGA MORTGAGE CORP.
PRIVACY POLICY
Omega Mortgage Corp. understands the importance of protecting the privacy of our borrowers. Our goal is to treat our borrowers’ nonpublic personal information respectfully and in accordance with applicable law and this privacy policy.
Collection of Nonpublic Personal Information
Generally, we rely upon the information the borrowers provide to us, and do not obtain the personal information from other sources, except from a consumer reporting agency to supplement and confirm the information provided to us. The information we collect includes a broad array of consumer data that enables us to evaluate the customers’ eligibility for a loan program or for mortgage insurance, including employment history, credit history, income, assets and liabilities, and similar financial information.
Use and Sharing of our Borrowers’ Nonpublic Personal Information Omega will not share the borrowers’ nonpublic personal information with affiliated companies or third parties except as permitted by applicable federal and state privacy laws and regulations and as further described and limited by this letter. Omega will use and share such information only as needed to provide the services the borrower has requested. Omega may disclose nonpublic personal information to approved vendors who help Omega perform the functions described above. Omega will require all third parties with whom it shares nonpublic personal information to maintain the confidentiality of such information and to use it only for the specific business purpose for which it was provided. Periodically, aggregated borrower data, which is not personally identifiable, may be shared with third parties, including consultants, regulators, and industry trade groups for purposes of risk management, industry reporting, or other analytical purposes. Additionally, we will share the borrowers’ personally identifiable data as required by applicable federal and state data reporting laws, such as the Home Mortgage Disclosure Act, or as required to comply with regulatory inquiries or examinations.
Borrowers’ Access to Their Data
Please note that upon written request, the borrowers have the right to obtain a copy of the personally identifiable information we maintain concerning them, and may request correction or deletion of any disputed information pursuant to a process described in the North Carolina Insurance Information and Privacy Protection Act.
Employee Training
To promote heightened awareness of privacy issues, we train our employees on permissible use of the borrowers’ personally identifiable information. Our employees understand the requirements of applicable privacy laws and this privacy policy/
Security
In order to protect the confidentiality of your borrowers’ nonpublic personal information, we maintain procedures and technology designed to prevent unauthorized access to both electronic databases and paper files. These procedures include placement of appropriate firewalls, requiring passwords to obtain access to databases, and limiting access to our premises to authorized personnel. We reserve the right to modify this privacy policy, but will provide at least 30 days’ prior written notice of any material change.
OMEGA MORTGAGE CORP.
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Omega Mortgage:
Hudson MASS Lender Lic #MC2398
Leominster MASS Lender Lic #MC1261
Billerica MASS Lender Lic #MC2517
Everett MASS Lender Lic #MC2465
Sudbury MASS Lender Lic #MC0077
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Connecticut Lender Lic #12726
Florida Lender Lic #ML0400201
Michigan (DBA Omega Financial) Lender Lic #FL3323
New Hampshire Lic# 5920MB Lic #9862-MHL
Licensed by the New Hampshire Banking Department
Tennessee Lic # 0000003251
Georgia Lic# 21500
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