Privacy Policy

The Facts: What Does Open Mortgage, LLC Do With Your Personal Information

Why?

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also required us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

What?

The types of personal information we collect and share depend on the product or service you have with us.

This information can include:

  • Social Security Number and Credit History
  • Credit Scores and Account Balances
  • Payment Histories
How?

All Financial companies need to share customer’s personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customer’s personal information; the reasons Open Mortgage, LLC choose to share; and whether you can limit this sharing


 

Reasons we can share your personal information
Does Open Mortgage, LLC share?
Can you limit this sharing?

For our everyday business purposes – such as to process your transactions, maintain your account(s), responds to court orders and legal investigations, or report to credit bureaus
Yes
No

For our marketing purposes – to offer our products and services to you
No
We Don’t Share

For joint marketing with other financial companies
No
We Don’t Share

For our affiliates’ everyday business purposes— information about your transactions and experiences
No
We Don’t Share

For our affiliates’ everyday business purposes— information about your credit worthiness
No
We Don’t Share

For our affiliates to market to you
No
We Don’t Share

For our affiliates to market to you
No
We Don’t Share

 

To limit our sharing

Please note: If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing.

Questions?

Who we are

Who is providing this notice?

Open Mortgage, LLC NMLS # 2975

What we do

How does Open Mortgage, LLC protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We protect your personal information from unauthorized access using security measures that comply with federal law.

How does Open Mortgage, LLC collect my personal information?

We collect your personal information, for example, when you:

  • Apply for a loan or provide employment information
  • Give us your income information or tell us about your investment or retirement earnings
  • Provide account information

We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can’t I limit all sharing?

Federal Law gives you the right to limit only:

  • Sharing for affiliates’ everyday business purposes – information about your creditworthiness
  • Affiliates from using your information to market to you
  • Sharing for nonaffiliates to market to you

State Laws and individual companies may give you additional rights to limit sharing. See Below for more on your rights under state law.

What happens when I limit sharing for an account I hold jointly with someone else?

Your choices will apply to everyone on your account – unless you tell us otherwise.

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and nonfinancial companies.

  • Open Mortgage, LLC has no affiliates.
Nonaffiliates

Companies not related by common ownership or control. They can be financial and nonfinancial companies.

  • Nonaffiliates we share with can include partner lenders, underwriters and insurers…
Joint Marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

  • Open Mortgage, LLC doesn’t jointly market