Privacy Policy Statement for The Mortgage Capital Group

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Effective Date: August 22, 2023

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At The Mortgage Capital Group your privacy is important to us. That is why we work hard to uphold your privacy. The information you provide us is always kept in the strictest confidence. We have no intention of selling your non-public personal information to any non-affiliated third parties. We make this commitment to you with pride because your trust is the foundation of our business. To protect your privacy we have developed the following policies. We ask that you read this information carefully.

 

First we must define the terms. Definitions: We, our and us mean The Mortgage Capital Group. You and Your mean those consumers who have provided us with non public personal information for the purpose of determining whether he or she qualifies for a mortgage loan; and those customers who have obtained real estate settlement services from us, even if they are no longer our customers. Non public personal information means personally identifiable financial information about you that we collect in connection with providing a financial product or service to you. This does not include information that is available from public sources, such as government real estate records. Affiliate means a company we own or control, a company that owns or controls us or a company that is owned or controlled by the same company as us. Nonaffiliated third party means a company that is not an affiliate of ours.

• We collect non public personal information about you from the following sources;

• Information that we receive from you on applications or other forms;

• Information about your transactions with us, our affiliates or others; and

• Information we receive from a consumer reporting agency.

 

Unless you tell us not to, we may disclose some or all of the non public information that we collect about you, as described above, with our affiliated companies and certain non-affiliated third parties. Such information may include:

• Information that we obtain from your application, such as your name, address, social security number, assets, income and/or your employment history;

• Information about your transactions with us, our affiliates or others, such as the parties to your transaction(s) and your payment history;

• Information that we obtain from a consumer report, such as your credit score or history;

• Information that we obtain to verify representations made by you, such as your bank balances; and

• Information we obtain from you regarding your employment or credit history.

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We may disclose non-public personal information about you to affiliated and non-affiliated third parties necessary to process, underwrite, fund, and service your loan, including, but not limited to the following:

• Investors who may purchase your loan in the secondary market;

• Institutions that may service your loan;

• Financial institutions that may fund your loan when The Mortgage Capital Group acts as a broker;

• Escrow and closing agents;

• Federal and State agencies pursuant to government lending programs.

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We may also disclose non-public information about you to such affiliated and nonaffiliated parties, as permitted or required by law, including court orders and subpoenas. Among other permitted disclosures, the law permits us to disclose to our affiliates information regarding our transactions and experiences with you.

 

We restrict access to non public personal information about you to those employees who need to know that information to provide the requested products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal regulations to guard your non public personal information.

 

Notice of Your Opportunity To Opt Out of Information Sharing With Our Affiliates and nonaffiliated third parties:

 

If you prefer that we not disclose non public personal information about you to our Affiliates and nonaffiliated third parties, you may opt out of those disclosures, that is, you may direct us not to make those disclosures ( other than disclosures permitted by law). You may direct us not to disclose this information by doing the following: Call us at (631) 363-3720.