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Regulatory Compliance and Consumer Protection

Ameritrust Mortgage

Equal Credit Opportunity Act (ECOA)

Prohibits discrimination in lending based on protected characteristics.

Ameritrust Mortgage Corporation (NMLS ID #217229) is committed to fair lending practices and complies with the Equal Credit Opportunity Act (ECOA). We do not discriminate against any applicant on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), receipt of income from a public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.

We evaluate all loan applications based on objective criteria, including creditworthiness, income, assets, and debt obligations. We do not consider factors unrelated to creditworthiness, such as assumptions about an applicant's likelihood of bearing or rearing children.

If you believe you have been discriminated against in the mortgage application or lending process, you have the right to file a complaint with the Consumer Financial Protection Bureau (CFPB) or the Department of Housing and Urban Development (HUD).

For further information on your rights under ECOA, please visit the CFPB website or contact HUD.

Fair Housing Act

Prohibits discrimination in housing-related transactions.

Ameritrust Mortgage Corporation Compliance Statement

NMLS ID #217229

Commitment to Fair Lending & Housing

Ameritrust Mortgage Corporation ("Ameritrust") is dedicated to conducting business in a fair and ethical manner. We adhere to all applicable federal and state laws and regulations, including but not limited to:

  • Equal Credit Opportunity Act (ECOA): We do not discriminate against any applicant on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), receipt of income from a public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act
  • Fair Housing Act: We strictly prohibit discrimination in all housing-related transactions based on race, color, religion, national origin, sex, familial status, or disability.
  • Other Applicable Laws: We comply with all other federal and state laws and regulations related to mortgage lending, including the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), and the Home Mortgage Disclosure Act (HMDA).

Our Practices

  • Fair Treatment: We strive to treat all applicants and borrowers fairly and consistently throughout the loan origination process.
  • Objective Criteria: We evaluate loan applications based on objective criteria related to creditworthiness, such as income, assets, and debt obligations.
  • Transparency: We provide clear and accurate information about our loan products, terms, and conditions.
  • Complaint Resolution: We have a robust process in place for addressing any complaints or concerns regarding potential discrimination or unfair lending practices.

Dodd-Frank Wall Street Reform and Consumer Protection Act

Ameritrust Mortgage Corporation Compliance Statement

NMLS ID #217229

Commitment to Fair Lending & Housing

Ameritrust Mortgage Corporation ("Ameritrust Mortgage") is dedicated to conducting business in a fair and ethical manner. We adhere to all applicable federal and state laws and regulations, including but not limited to:

  • Equal Credit Opportunity Act (ECOA): We do not discriminate against any applicant on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), receipt of income from a public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.
  • Fair Housing Act: We strictly prohibit discrimination in all housing-related transactions based on race, color, religion, national origin, sex, familial status, or disability.
  • Dodd-Frank Wall Street Reform and Consumer Protection Act: We comply with the various provisions of the Dodd-Frank Act that impact mortgage lending and consumer protection, including those related to ability-to-repay, qualified mortgages, loan originator compensation, and mortgage servicing.
  • Other Applicable Laws: We comply with all other federal and state laws and regulations related to mortgage lending, including the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), and the Home Mortgage Disclosure Act (HMDA).

Our Practices

  • Fair Treatment: We strive to treat all applicants and borrowers fairly and consistently throughout the loan origination process.
  • Objective Criteria: We evaluate loan applications based on objective criteria related to creditworthiness, such as income, assets, and debt obligations.
  • Transparency: We provide clear and accurate information about our loan products, terms, and conditions.
  • Complaint Resolution: We have a robust process in place for addressing any complaints or concerns regarding potential discrimination or unfair lending practices.

Advertising and Marketing

Ameritrust Mortgage Corporation

Advertising and Marketing Policy

Effective Date: 25th September, 2024

Purpose

This policy outlines the guidelines and standards that all employees, agents, and representatives of Ameritrust Mortgage Corporation ("Ameritrust") must follow when creating, publishing, or distributing any advertising or marketing materials, whether online or offline. The purpose of this policy is to ensure compliance with all applicable federal and state laws and regulations, including but not limited to the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), the Equal Credit Opportunity Act (ECOA), the Fair Housing Act, and any relevant state-specific advertising regulations.

General Principles

  • Accuracy and Truthfulness: All advertising and marketing materials must be accurate, truthful, and not misleading. They must not misrepresent any aspect of Ameritrust's products, services, terms, or conditions.
  • Clarity and Transparency: All information presented in advertising and marketing materials must be clear, concise, and easily understandable by the average consumer. Avoid using jargon or technical terms that may be confusing.
  • Compliance with Laws and Regulations: All advertising and marketing materials must comply with all applicable federal and state laws and regulations. This includes, but is not limited to, the following:
  • TILA: Clearly disclose all material terms of credit, including APR, finance charges, and total payments.
  • RESPA: Do not engage in any prohibited practices, such as kickbacks or referral fees.
  • ECOA: Do not discriminate against any applicant based on protected characteristics.
  • Fair Housing Act: Do not engage in any discriminatory advertising or marketing practices.
  • State Laws: Comply with all state-specific advertising and marketing regulations, including any licensing requirements or restrictions on certain types of advertising.

Specific Guidelines

  • Trigger Terms: When using trigger terms such as "low rates," "no closing costs," or "fast approval," ensure that any qualifying conditions or limitations are clearly disclosed.
  • Testimonials and Endorsements: Any testimonials or endorsements used in advertising or marketing materials must be genuine and reflect the actual experiences of the individuals involved. Do not use misleading or deceptive testimonials or endorsements.
  • Social Media and Online Advertising: All social media posts, online advertisements, and other digital marketing materials must comply with the same standards as traditional advertising and marketing materials.
  • Third-Party Marketing: Any third-party vendors or partners involved in the creation or distribution of advertising or marketing materials on behalf of Ameritrust must also adhere to this policy.

Review and Approval Process

  • Pre-Approval: All advertising and marketing materials must be reviewed and approved by the Compliance Department before they are published or distributed.
  • Recordkeeping: Maintain records of all advertising and marketing materials, including the date of publication or distribution, the target audience, and any approvals obtained.

Consequences of Non-Compliance

  • Disciplinary Action: Any employee, agent, or representative who violates this policy may be subject to disciplinary action, up to and including termination of employment or contract.
  • Legal and Regulatory Penalties: Non-compliance with advertising and marketing regulations can result in significant legal and regulatory penalties, including fines and enforcement actions.

Policy Updates

This policy will be reviewed and updated periodically to ensure ongoing compliance with all applicable laws and regulations. All employees, agents, and representatives are responsible for staying informed about any changes to this policy.

Fair Lending

Ameritrust Mortgage Corporation

Fair Lending Policy

Effective Date: 25th September, 2024

Purpose

This policy outlines Ameritrust Mortgage Corporation's ("Ameritrust") commitment to fair lending practices and its dedication to ensuring that all applicants and borrowers are treated fairly and equally, without regard to any prohibited basis of discrimination. Ameritrust adheres to all applicable federal and state fair lending laws, including but not limited to the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act.

Prohibited Bases of Discrimination

Ameritrust will not discriminate against any applicant or borrower on the basis of:

  • Race
  • Color
  • Religion
  • National origin
  • Sex
  • Marital status
  • Age (provided the applicant has the capacity to enter into a binding contract)
  • Receipt of income from a public assistance program
  • The good faith exercise of any right under the Consumer Credit Protection Act

Fair Lending Practices

  • Objective Criteria: All loan applications will be evaluated based on objective criteria related to creditworthiness, including income, assets, debt obligations, and credit history.
  • Consistent Underwriting: Ameritrust will apply consistent underwriting standards and criteria to all applicants, regardless of any prohibited basis.
  • Pricing and Terms: Loan pricing and terms will be determined based on objective risk factors and will not vary based on any prohibited basis.
  • Marketing and Outreach: Marketing and outreach efforts will be conducted in a manner that is inclusive and does not discourage or exclude any group of potential borrowers.
  • Employee Training: All employees involved in the loan origination and underwriting process will receive regular training on fair lending laws and Ameritrust's fair lending policies and procedures.
  • Monitoring and Reporting: Ameritrust will monitor its lending activities to identify and address any potential disparities or discriminatory practices.

Complaint Resolution

Ameritrust has a dedicated process in place for addressing any complaints or concerns regarding potential discrimination or unfair lending practices. Any individual who believes they have been discriminated against may file a complaint with Ameritrust's Compliance Department or with the appropriate regulatory agencies.

Consequences of Non-Compliance

Any employee found to have engaged in discriminatory lending practices will be subject to disciplinary action, up to and including termination of employment.

Commitment to Fair Lending

Ameritrust is committed to fostering a culture of fair lending and ensuring that all individuals have equal access to credit opportunities. We will continuously review and update our policies and procedures to promote fair and equitable lending practices.

Disclaimer

This Fair Lending Policy is intended to provide general information about Ameritrust Mortgage Corporation's commitment to fair lending. It is not a substitute for legal advice, and you should consult with a qualified attorney if you have any specific legal questions or concerns.

Data Privacy and Security

Ameritrust Mortgage Corporation

Data Privacy and Security Policy

Effective Date: 25th September, 2024

Purpose

This policy outlines Ameritrust Mortgage Corporation's ("Ameritrust") commitment to protecting the privacy and security of the personal and financial information of our customers, applicants, and other individuals with whom we interact. We recognize the importance of safeguarding sensitive data and comply with all applicable data privacy laws, including but not limited to the Gramm-Leach-Bliley Act (GLBA) and the California Consumer Privacy Act (CCPA), as well as any other relevant state or federal laws.

Scope

This policy applies to all Ameritrust employees, agents, contractors, and any other parties who have access to or handle customer information.

Information We Collect

Ameritrust may collect various types of personal and financial information, including but not limited to:

  • Personal Information: Name, address, phone number, email address, Social Security number, date of birth, driver's license number.
  • Financial Information: Income, assets, debts, credit history, bank account information.
  • Other Information: Information about your property, employment, and other details necessary to process your loan application.

How We Use Information

We use the information we collect for the following purposes:

  • Loan Origination and Servicing: To process and underwrite loan applications, service existing loans, and communicate with you about your loan.
  • Marketing: To provide you with information about our products and services, unless you opt-out.
  • Compliance: To comply with applicable laws and regulations, including those related to anti-money laundering and fraud prevention.

How We Protect Information

  • Administrative Safeguards: We maintain physical, electronic, and procedural safeguards to protect your information.
  • Access Controls: We restrict access to customer information to authorized employees who need it to perform their job duties.
  • Data Encryption: We use encryption technologies to protect sensitive information transmitted over the internet.
  • Vendor Management: We carefully select and monitor third-party vendors who have access to customer information to ensure they maintain appropriate security measures.
  • Employee Training: We provide regular training to our employees on data privacy and security best practices.

Sharing of Information

We do not sell or rent your personal information to third parties. We may share your information with:

  • Affiliates: Other companies within the Ameritrust family of companies.
  • Service Providers: Third-party vendors who perform services on our behalf, such as loan processing, appraisal, and title services.
  • Other Parties: As permitted or required by law, such as in response to a subpoena or court order.

Your Rights

You have the right to:

  • Access Your Information: Request a copy of the personal information we have collected about you.
  • Correct Your Information: Request that we correct any inaccuracies in your personal information.
  • Delete Your Information: Request that we delete your personal information, subject to certain exceptions.
  • Opt-Out of Marketing: You can opt out of receiving marketing communications from us.

Training and Education

Ameritrust Mortgage Corporation

NMLS ID #217229

Commitment to Fair Lending & Housing

Ameritrust Mortgage Corporation ("Ameritrust") is dedicated to conducting business in a fair and ethical manner. We adhere to all applicable federal and state laws and regulations.

  • Legal & Regulatory Compliance
    We comply with laws such as ECOA, Fair Housing Act, Dodd-Frank Act, TILA, RESPA, HMDA, and state-specific regulations.
  • Data Privacy and Security
    We protect borrower information in accordance with GLBA, CCPA, and other data privacy laws.

Our Practices

  • Fairness and Transparency
  • We treat all applicants and borrowers fairly and equally.
  • We use objective criteria for loan evaluations and provide clear information about our products.
  • Training and Education:
  • We provide ongoing training and education to our staff on all relevant compliance requirements and best practices. This includes:
  • Initial onboarding training for new employees.
  • Regular refresher courses and updates on regulatory changes.
  • Specialized training on areas such as fair lending, data privacy, and ethics.

Your Rights

If you have concerns about potential discrimination or unfair lending, you can file a complaint with:

  • The Consumer Financial Protection Bureau (CFPB)
  • The U.S. Department of Housing and Urban Development (HUD)
  • Your State Regulatory Agency

We Value Your Trust

Ameritrust is committed to a fair and equitable lending experience. We value your trust and strive to maintain the highest standards of compliance and ethical conduct.

State Laws Regulations

Ameritrust Mortgage Corporation Compliance Statement

NMLS ID #217229

Commitment to Fair Lending & Housing

Ameritrust Mortgage Corporation ("Ameritrust Mortgage") is dedicated to conducting business in a fair and ethical manner. We adhere to all applicable federal and state laws and regulations, including but not limited to:

Federal Laws & Regulations

  • Equal Credit Opportunity Act (ECOA):  We do not discriminate based on race, color, religion, national origin, sex, marital status, age, etc.
  • Fair Housing Act:  We strictly prohibit discrimination in housing-related transactions.
  • Dodd-Frank Act:  We comply with provisions impacting mortgage lending and consumer protection.
  • Other Applicable Laws:  We also follow TILA, RESPA, HMDA, and other relevant federal regulations.

State Laws & Regulations

  • We are fully licensed and operate in compliance with the mortgage lending and advertising laws of each state where we conduct business. (See below for specific licenses)
  • We actively monitor and adapt to changes in state-specific regulations to ensure ongoing compliance.

Our Practices

  • Fair Treatment:  We are committed to treating all applicants and borrowers fairly and consistently.
  • Objective Criteria:  We evaluate loan applications based solely on objective, credit-related factors.
  • Transparency:  We provide clear and accurate information about our loan products and services.
  • Complaint Resolution:  We have a dedicated process for promptly addressing any complaints or concerns.

Your Rights

If you believe you have been discriminated against, you can file a complaint with:

The Consumer Financial Protection Bureau (CFPB)

  • Online:  https://www.consumerfinance.gov/complaint/
  • Phone:  (855) 411-CFPB (2372)
  • Mail:  Consumer Financial Protection Bureau, P.O. Box 4503, Iowa City, Iowa 52244

The U.S. Department of Housing and Urban Development (HUD)

  • Online:  https://www.hud.gov/program_offices/fair_housing_equal_opp/online-complaint 
  • Phone:  (800) 669-9777

Your State Regulatory Agency (Contact information will vary by state)

We Value Your Trust

At Ameritrust, we're committed to providing a fair and equitable lending experience for all.

Specific State Licenses Held by Ameritrust Mortgage Corporation (as of September 24, 2024):

Please note that this list may not be exhaustive, and you should always verify licensing information with the NMLS Consumer Access website.

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Idaho, Illinois, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, North Carolina, New Jersey, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Washington, Wisconsin

Disclaimer

Ameritrust Mortgage Corporation, NMLS #217229 located at 17341 Irvine Blvd., Suite 285, Tustin, CA 92780. Ameritrust Mortgage Corporation does not provide legal, tax, or financial advice or guidance and is not associated with any government agency. This is not an offer for extension of credit nor a commitment to lend. Programs, rates, terms and conditions subject to change without notice. Certain restrictions may apply. All approvals are subject to underwriting guidelines and minimum credit requirements. Not all loans or products are available in all states. As a result of refinancing, your total finance charges may be higher over the life of the loan. Minimum and maximum loan amounts apply. For current licensure information, please visit: https://www.nmlsconsumeraccess.org.