| |
|
Best Funding is dedicated to protecting the privacy of your information. We practice and promote the use of fair information practices. This privacy statement covers the site www.BestFundingHomeLoans.com. Because this website wants to demonstrate its commitment to your privacy, it has agreed to disclose its information practices and have its privacy practices reviewed for compliance.
We do not sell or share your information with third party marketers; so, there is no need for you to ask us not to. In fact, there is no need for you to opt-out of any information sharing because, unlike most financial institutions, we provide you with an opt-in. This means we won't share your information unless you explicitly tell us to, even though the law allows financial institutions to share your information unless and until you tell them not to. Additionally, although the law allows financial institutions to share your information with other financial institutions under a "joint marketing agreement" without your consent, we don't.
Because we feel that current laws are inadequate in protecting your privacy, we've taken the liberty of providing you more privacy protections than the law requires. Now that you know some things we don't do, here's what we do:
WE SHARE YOUR PERSONAL INFORMATION:
- When you explicitly instruct us (opt-in) to forward your application to another lender that may be able to help you in the event we are unable to offer you a loan that meets your needs.
- With companies involved in the loan process such as appraisers or title companies.
- With service providers that assist us with processes or functions.
- As required by law.
WE SEND YOU COMMUNICATIONS:
- During the loan process as necessary to complete the transaction.
- To assist you with your debt management or recommend loan products.
WE PROTECT YOUR INFORMATION:
- Using Secure Sockets Layer (SSL) technology supporting up to 128-bit encryption to prevent unauthorized parties from viewing any personal information transmitted to or from Best Funding.
- By limiting access to your personal information to only those authorized parties that have a "need to know".
If you have any questions pertaining to our privacy policy, please call 1-888-549-1010.
|
HOW DOES Best Funding COLLECT AND USE MY INFORMATION?
Best Funding may collect and use your personal information to respond to your requests for our financial products and services or to provide you with information about products or services that may be of value to you. Certain personal information Best Funding collects about you may be publicly available via government records, telephone books, and other widely available media (i.e. the Internet). However, we treat all information you provide to us as non-public.
- Information you provide
Best Funding collects the personal information you provide when you:
- Apply for a mortgage loan
- Participate in a contest, promotion or online survey
- Contact Best Funding with a question or suggestion
Mortgage application
In order to process your mortgage or auto loan application, we collect information including name, address, social security number, property location and value.
Contest, promotion or online surveys
We sometimes run contests on our site in which we ask visitors for contact information (like their email address), and we may ask additional optional survey information (like product preferences). We will use information from contest entries to contact you if you win, and names of contact winner will be made available upon request, as required by law. We may use survey information for aggregate analysis of our contest entrants. Your choice of whether to participate in a contest will have no affect on your ability to access or use the rest of our website. All contests are subject to rules that will be available with each particular contest.
Contacting Best Funding
When you contact Best Funding with a question or suggestion we collect your name, email address, and telephone number. We only use personal information we collect to respond to and/or resolve your question or concern.
- Optional information
When accessing the Best Funding website, we may give you the option of submitting general information, such as whether you own a home, for purposes related to providing you with new financial products or services that may be of value to you. Certain information must be provided at the time you submit your request for a financial service or product.
- Technical information
We use technology to:
- Gather technical information from your Web browser (IP address, operating systems);
We use this information for routine Website maintenance; to establish that you are a unique user; to assist you in the loan process; and/or for purposes of assessing the effectiveness of our Website, products and services.
- Third Party Advertisements
Best Funding does NOT use third party advertising companies to provide advertisements on the Best Funding website.
DOES Best Funding SHARE MY PERSONAL INFORMATION WITH THIRD PARTIES?
Best Funding may share your personal information:
- With companies involved in the loan process.
Examples: Appraisers, credit reporting agencies and title companies are a necessary part of the mortgage transaction. Therefore, we must provide some of your information to these companies in order to process and fund your loan. Additionally, some lonas will be sold to investors/lenders and you will be notified which company will service your loan; to whom your payments should be sent. These companies are required by law to adhere to federal and state privacy regulations.
- As required by law.
Examples: We may need to share your information with law enforcement or government agencies in response to a subpoena, state/federal audit or other similar circumstances. Additionally, the law requires that all mortgages and deeds of trust be recorded with the local county recorder's office.
The Best Funding website may link you to other companies' websites that offer services that may be of interest to you. These companies do not obtain any specific information about you or your transaction on the Best Funding website. You may also access the Best Funding website from another company's website. We may collect Web traffic statistics from you and other consumers' Web browsers, and we may share this aggregated information with outside companies to assist them with assessing the effectiveness of their website content. No personal information is shared in this aggregated information.
CAN I OPT-OUT OF COMMUNICATIONS FROM Best Funding?
Best Funding always provides you with the opportunity to opt-out of communications that offer our products and services.
HOW DOES Best Funding SAFEGUARD MY PERSONAL INFORMATION?
Best Funding also uses Secure Sockets Layer (SSL) technology supporting up to 128-bit encryption to prevent unauthorized parties from viewing any personal information transmitted to or from Best Funding during your session. We have also obtained a digital certificate from VeriSign for www.BestFundingHomeLoans.com and its subdomains.
HOW LONG WILL MY INFORMATION BE STORED?
Federal and state agencies require that Best Funding provide aggregated demographic and loan funding information about our loan applicants. We maintain electronic and hardcopy loan application information for funded/closed/withdrawn loans for a period of 7 years in accordance with federal and state laws.
|
|
