Category: POLICIES

Red Flag Policies

US Mortgage Lenders LLC Red Flag Procedures (Identity Theft and Address Discrepancy Program) Purpose Federal Law requires our Company to establish procedures for the prevention of identity theft and address discrepancies. Red Flags are used to detect identity theft. Definitions Identity theft means fraud committed or attempted using the identifying information of another a person…

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Remote Work and Secure Data Policy

US Mortgage Lenders LLC Remote Work and Secure Data Policy and Procedures While working from home is very common today and provides both the employer and the employee with many benefits, we need to make sure security protocols are put in place and followed. Identity theft is the largest financial crime in this country and…

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Quality Control Policy

US Mortgage Lenders LLC Quality Control Policy ORIGINATION STANDARDS AND PROCEDURES Quality Control in loan organization begins with USML controlling the gathering of credit information about a potential borrower. We must make sure that the information assembled to support a loan application and as a basis the underwriter’s loan approval is as reliable as possible….

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Loan Fraud Policy

US Mortgage Lenders LLC Loan Fraud Policy Mortgage applicants and Loan Officers must be awarer of their actions. Borrowers and Loan Officers are responsible for the content, quality, and accuracy of each application taken and each loan submitted to the lender. Types of Loan Fraud 1. Submission of inaccurate information, including false statements on the…

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AML Policy

US MORTGAGE LENDERS LLC ANTI-MONEY LAUNDERING POLICY  1.1. Introduction On February 7, 2012, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury, finalized regulations that require non-bank residential mortgage lenders, brokers and originators to establish an anti-money laundering (“AML”) program within the company that supports the goals of the…

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Privacy Policy

1. Mortgage Acts and Practices—Privacy and Safeguard Policy and Procedures 1.1. Purpose US Mortgage Lenders maintains this policy in order to comply with all state and federal privacy laws and regulations. At a minimum, US Mortgage Lenders complies with the following privacy laws in accordance to the Gramm-Leach Bliley Act. US Mortgage Lenders is committed…

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Fair Lending Policy

US Mortgage Lenders LLC Fair Lending Policy = Treat All Borrowers Equally US Mortgage Lenders LLC is committed to serving all borrowers equally, without regard to an individual’s race, color, national origin, religion, sex, familial status or handicap. As such, it is US Mortgage Lenders LLC to issue all conditional Pre Approvals and Approvals (to…

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