Posted on in Consumer Education
As it relates to our mortgage practice, I’ve been thinking about privacy and data security a lot lately. Mortgage Origination IS moving online. This means thousands of individuals like me are discovering that it is both efficient and economical to operate a mortgage practice on the web. One of the many benefits of operating in a virtual manner is the increased number of tools available that we can utilize to protect the critical identity information entrusted to us by our clients. Operating online, we have less physical risk than a traditional mortgage office. (More on this in a future post) Think about it. A loan application contains all the information a criminal needs to steal your identity. Your information is only as safe as the competence of your mortgage originator and the people in their office. I’ve seen loan files sitting unlocked in vehicles. I’ve seen loan applications sitting in recycle bins in plain view of passing strip mall traffic. […]
by jberman