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What To Ask About How Loan Application Data Is Kept Private

September 12, 2018 by Michael Addison

After hackers breached Equifax and stole vital financial records of 145 million Americans, people have a right to be afraid of disclosing personal information. That's why it's imperative that lending institutions to do everything in their power to protect your privacy. When a prospective home buyer submits a loan application, defining information such as date of birth, home address, social security number, credit cards, bank accounts, and pay stubs are included. Basically, everything a hacker needs to penetrate an individual's financial world is disclosed on a loan application. If you are applying for a mortgage, get answers to these and other questions before handing over information. … [Read more...]

Filed Under: Mortgage Tagged With: Mortgage, Privacy, Security

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