We at Mortgage Investors Corporation, (“MIC”), and AmeriGroup Mortgage Corporation, a division of MIC, appreciate the sensitive nature of your non-public personal financial information. We will take every precaution to protect your privacy. What Kinds of Information We Collect
When you apply for a loan, we ask for information needed to process your loan. We collect information about your financial status, employment, income, monthly expenses, assets, your social security number, and other information. Usually, you give us this information yourself, either in person or over the telephone. We may also collect information on applications, forms and documents you provide to us in person, by mail, overnight delivery service or by other means.
In addition, we receive information from consumer reporting agencies and other outside sources. This information may be about your credit status, payment history or your existing mortgage(s). MIC may also obtain property tax and insurance information, and other information concerning your property needed to process your loan. MIC also collects information about your transactions with us, our affiliates or with others.
Who has Access to this Information?
We restrict access to your non-public personal financial information to those employees who need to know the information so MIC can provide you with our financial services. We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your non-public personal information. For example, MIC provides security measures for buildings, computer facilities and record storage facilities that contain non-public personal information.
Joint Marketing Partners and Service Providers: MIC may disclose all non-public personal information we collect (described in Part One) to:
- Carefully selected companies who perform marketing services on our behalf or who work with us under a joint marketing agreement to provide you with financial services that we do not offer ourselves but we believe may be of interest to you. We only share information that is necessary to offer these services to you; and
- Service providers who provide support services to help us administer your financial relation- ship with us. They may include data processing companies, technical service providers, record storage companies and other service providers.
These joint marketing partners and service providers are legally obligated to maintain the confidentiality of the information we provide to them. They are restricted from using this information for any reason other than what is specified in our agreement with them.
Companies Affiliated with MIC:
In the future, MIC may expand its family of affiliated business entities in an effort to provide more diversified services. MIC may, in the future, establish additional business entities offering services such as mortgage lending, securities brokerage, investments, insurance sales, leasing and consumer finance. MIC and such affiliates may share information for authorized purposes (including all of the information we collect that is described in Part One) as permitted by law. If you prefer that we not disclose such information to our affiliates for such purposes you may opt out of such disclosures. Information about how to opt out is set forth in Part Three of this brochure. Outside Non-Affiliated Entities:
We sometimes may make limited customer information available to other carefully selected organizations that we believe can offer you a helpful service. Available information may include any information described in Part I. Such organizations may include: (1) financial service providers, such as mortgage bankers or lenders, securities broker-dealers and insurance agents; (2) non-financial companies, such as retailers, direct marketers, telemarketing organizations; and (3) other companies and organizations, such as non-profit organizations. These outside marketers must agree to keep your information confidential and not to share it with anyone else. You may choose not to have your information disclosed to these companies. Details about how to opt out of having information disclosed to such companies is set forth in Part Three of this brochure.
As Permitted or Required by Law.
Beyond the categories of potential information recipients described above in this Part Two, we do not disclose non-public personal financial information about our customers or former customers to anyone except as permitted by law. For example, MIC may disclose non-public personal information with your consent or when the law requires us to disclose such information. We also may need to disclose a limited amount of non-public information to non-affiliated companies necessary to process, carry out and administer your loan.
A Note about Former Customers’ Information.
Although we generally don’t solicit customers who we no longer do business with, we may share their information (described in Part One) with MIC affiliates, joint marketing partners, service providers and other third parties described in this Part Two. Former customers have the same opt out privileges as active customers. The opt out procedures are described in Part Three of this brochure. If you opt out of information sharing as a MIC customer, this request will stand even if your relationship with us ends.
NMLS # 3510
How to Opt Out
As indicated, if you prefer, you may direct us not to disclose personal information about you that isn’t publicly available. Just call our Customer Privacy Request line toll-free at: 1-800-235-2455 and ask for the Opt Out Department or write to us at: 6090 Central Avenue, St. Petersburg, FL 33707, Attention: Opt Out Department.
If you write us, please include your name as it appears on your loan documents with us, as well as your address and Social Security number. Each owner of a joint account must opt out separately; although both parties may notify us in the same communication. An opt-out request becomes effective within a reasonable time of receipt.
You should also know that even if you opt out of information disclosure, the Fair Credit Reporting Act and other laws allow us to share with our affiliates and other companies specific details about your transactions and experience with us, including information about your account balances or payment history.
The process of opting in to any functionality that includes collection of personal information includes an explicit notice that personal information will be saved, with explanation of how the information will be used and by whom. The opt-in statement is not embedded in a lengthy document and is explicit and clear to the viewer.
MIC may collect, retain, and use personal information about site visitors when the MIC believes that such information would be useful in providing site visitors with products, services, and other opportunities, provided such use adheres to these principles and is within bounds of current regulations and law ( http://www.ftc.gov/privacy/index.html). Individuals may agree to have such personal information collected or may choose not to, with the understanding that opting out of having such information collected prevents the site from being tailored to their particular needs and interests.
MIC will use e-mail addresses voluntarily provided by site visitors to notify them about updates, products, services, activities, or upcoming events. Site visitors who do not wish to receive such notifications via e-mail may opt out of receiving such information at any time.