Privacy Policy
Modern Day Lending ("we," "us," or "our") is committed to protecting your privacy and ensuring compliance with all applicable laws and regulations regarding the handling of your personal and financial information, including but not limited to the Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), and Equal Credit Opportunity Act (ECOA). By accessing or using our services, you agree to the terms of this Privacy Policy.
1. Information We Collect
We collect various types of information to provide and improve our services, in compliance with federal mortgage laws:
a. Personal Information: Includes your name, email address, phone number, address, Social Security Number, and other identifying details.
b. Financial Information: To facilitate mortgage services, we collect financial data such as income, employment history, credit scores, and property-related details.
c. Automatically Collected Information: We may collect information such as your device's IP address, browser type, and usage patterns when you interact with our website.
d. Cookies and Tracking Technologies: Our website uses cookies to enhance your user experience and collect information about website traffic and usage patterns.
2. How We Use Your Information
We are committed to using your information responsibly, in accordance with TILA, RESPA, and ECOA regulations:
a. Mortgage Services: We use your information to connect you with third-party lenders and process your mortgage applications.
b. Compliance with TILA: We ensure transparency in loan terms by disclosing clear and accurate loan information.
c. RESPA Compliance: We use your information to ensure that you receive required disclosures about mortgage settlement processes.
d. ECOA Compliance: We process all applications without regard to race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.
3. Sharing Your Information
In compliance with applicable mortgage regulations:
a. With Third-Party Lenders: Your personal and financial information may be shared with third-party lenders for mortgage-related services. All information is shared securely and only with entities required to evaluate your mortgage application.
b. Service Providers: We may share your data with service providers who assist us in processing your application, ensuring all parties comply with federal mortgage disclosure laws.
c. Legal Obligations: We may disclose your information as required by law or to comply with federal mortgage regulations such as TILA, RESPA, or ECOA.
4. Data Security
We take security measures in accordance with industry standards to protect your personal and financial data. All information is encrypted and securely transmitted to third parties. We comply with all relevant financial data protection requirements under federal mortgage regulations.
5. Your Rights
You have rights under applicable mortgage regulations, including:
a. TILA Rights: You have the right to clear disclosure of loan terms before finalizing any agreement.
b. RESPA Rights: You will receive information on any fees or charges related to your mortgage transactions.
c. ECOA Rights: You have the right to fair treatment in mortgage lending, without discrimination based on race, sex, age, or other protected characteristics.
6. Cookies and Tracking Technologies
We use cookies and similar technologies to improve our website and services. You can manage your cookie preferences through your browser settings.
7. Third-Party Links
Our website may contain links to third-party websites. This Privacy Policy does not apply to those websites, and we encourage you to review their respective privacy policies.
8. Children's Privacy
We do not knowingly collect information from individuals under the age of 18, in compliance with federal law. If we become aware of such information, we will delete it immediately.
9. Updates to This Privacy Policy
We may update this Privacy Policy periodically to comply with changes in federal mortgage laws or to reflect updates to our services. Any changes will be posted on this page with an updated effective date.10. Contact Us
If you have any questions about this Privacy Policy or how we handle your personal information, please contact us.