Homestead Funding Corp. (“HFC”) and its consumer direct division, which does business as McGlone Mortgage Group™ (“McGlone”, or collectively “we or us”) are dedicated to the protection and transparent use of your personal information. HFC is a residential loan origination company and we collect certain personal information in connection with that service. We do not sell or license your data to third-party organizations; however, we do share this information with vendors and other entities during your mortgage loan origination process and after the closing. This policy will outline how your data is used and your rights and choices associated with the use of HFC’s products and services.
During the loan origination process, we contract with various service providers, including appraisers, title companies, credit organizations, attorneys and others to facilitate certain parts of the transaction. The information shared with these organizations is only the necessary data they need to carry out their function of the service. HFC has established vendor management policies and requirements for the use and retention of the data that is shared and select our vendors based in no small part on their ability to adequately protect and process the data responsibly.
Over the course of your use of HFC’s service, we will collect various types of non-public personal information (“NPI”) as part of our lending process. This type of information may include but is not limited to:
HFC makes every effort to limit the frequency and scope of data shared with third parties. However, there are instances in which we are required to make such disclosures, either for business or legal purposes.
Occasionally, we will be required by legal or compliance-related circumstances to disclose data to law enforcement, government entities or to the courts under the following circumstances:
HFC contracts with service providers for a number of services completed during the loan process. These organizations have access to your personal data only for the purpose of performing these tasks on HFC’s behalf. They are obligated not to disclose this information without authorization or to use the information for any other purpose. The service providers are also required to implement adequate measures to safeguard NPI while it is in their possession.
All of the personal information and data collected by HFC is used solely for the purposes of carrying out our transactional and compliance responsibilities. We do not sell, license or otherwise transfer your data to outside companies for profit.
HFC may use third party companies to remarket or optimize advertisements on other website after you have visited our service. These services may use Cookies or other methods for ad optimization based on your history with our service.
HFC uses the Google platform for internet advertising and analysis. We would encourage you to visit Google’s Privacy Policies for Google Analytics and Google AdWords for more information about how their services process and track your data.
HFC uses the Facebook platform for certain advertising functions. We do not, however, purchase targeted ads for housing and credit services based on protected class characteristics, geolocation or other criteria that may lead to discriminatory advertising practices.
HFC prides itself on a robust data security program. While we are confident that we are using commercially acceptable controls and data privacy resources to maintain the security of your personal information in a manner that complies with relevant state and federal regulation, it is important to remember that no method of data transmission or storage is 100% secure.
This privacy policy is intended to provide an overview of your privacy rights while transacting business with HFC. However, this policy may not constitute the entirety of your legal rights, as privacy laws vary significantly from state-to-state. Additionally, there may be certain regulations affecting banking transactions in your jurisdiction and you may wish to contact the state agency that oversees privacy protection where you live to be certain of those rights.
HFC complies with all data protection and compliance requirements in the states in which it is licensed. HFC is governed by the laws of the United States and it intended for the use of residents of the United States only and makes no representation of compliance with laws of any other nation.
HFC and McGlone websites and other online resources may at times link to websites or mobile application that are not operated by HFC. If you click on one of these links, you will be directed to that third party’s website or application. For your privacy protection, we would encourage you to read the privacy policies of non-HFC web locations you may visit, as we have no control over the content, policies or practices of these services.
During your use of HFC’s services, you will interact with your data in several different locations. In the event you observe incorrect or outdated information, please contact our Sr. VP of Operations, Jane Borbee at jborbee@homesteadfunding.com.
HFC may make periodic changes to this Privacy Policy. We will notify you of any material changes by posting the new Privacy Policy to our website and updating the effective date. Please check periodically for updates and all changes will be effective as of the posted date.
Effective January 1, 2020, the California Consumer Privacy Act (“CCPA”), provides specific privacy rights to California Residents. In this section you will find your rights as a consumer in California, the process for which you can request changes or other benefits of those rights, and the categories of data collected and their disclosure.
Effective January 1, 2020, the California Consumer Privacy Act (“CCPA”), provides specific privacy rights to California Residents. In this section you will find your rights as a consumer in California, the process for which you can request changes or other benefits of those rights, and the categories of data collected and their disclosure.
When submitting a request exercising any of your rights listed above, it is HFC’s responsibility to ensure that any request is verified to be the same consumer that the requested information identifies. For consumers who have applied for a loan with us, the requesting party will be required to provide three identifying pieces of information to your HFC representative.
If you have not gone through the formal application process, you will be required to provide two pieces of identifying information to your HFC representative.
As discussed above, requests may be submitted via our toll-free number, 1-888-203-5432 or by filling out the form at the bottom of this page.
Under the CCPA, we are required to disclose the categories of data that are collected during your use of the service. These categories may include:
During the loan process, any of the above categories of data may be disclosed to third parties solely for the transactional services necessary to carry out the responsibilities consistent with the intention of the original collection. In other words, HFC does not disclose any of the above data categories for any reason than our normal mortgage-related business activities.
Under Section 1798.145(e) of the CCPA, many of the rights listed above do not apply to HFC due to our federally required compliance with the Gramm-Leach-Bliley Act (Public Law 106-102) and its implementing regulations. However, HFC still encourages California residents to exercise their rights and will be informed promptly if any request may not be processed due to this or any other applicable CCPA exemption.
“This website uses cookies to ensure the best user experience. By using our website you consent to all cookies in accordance with our Cookie policy.
Read More