The Type of Information We Gather
When you wish to be pre-qualified or apply for a mortgage loan, it is necessary for NVR Mortgage to collect personal information about you. We may gather information about you in writing, in person, by telephone, or electronically. Additionally, we will be compiling information about you from third parties, such as credit bureaus, the government and others.
Personal information that we will gather will include your name, Social Security number, mailing address, telephone number, email address, income, assets, debts and other information required for us to determine whether you may be pre-qualified or approved for a mortgage loan from NVR Mortgage.
Protections of Your Personal Information
To protect your personal information from unauthorized access or use, we use security measures that comply with federal law. We restrict access to non-public information about you to those individuals who need to know that information to provide our products and services to you. We maintain physical, electronic and procedural safeguards that comply with federal regulations to protect your non-public personal information.
Sharing your personal information
What Information will NVR Mortgage Share?
NVR Mortgage will share only that information about the Borrower that is relevant to qualifying and approving the Borrower for a mortgage loan. This information includes, but is not limited to, credit history, credit score, financial obligations and other general financial information.
What Information will NVR Mortgage NOT Share?
NVR Mortgage will NOT provide the Seller with a copy of the Borrower's mortgage loan application or credit report. NVR Mortgage will not disclose any of the Borrower's account numbers.
When Does this Authorization Terminate?
Except for the purpose described in the following sentence, this authorization terminates at the earliest to occur of: (i) settlement of the home purchase; (ii) Borrower's withdrawal of the loan application; (iii) NVRM's denial of the loan application; or (iv) Borrower's written notification to terminate this authorization. Even after these events occur, NVRM may continue to share information covered by this policy with the Seller for internal data analytics purposes, but not for purposes of NVRM, the Seller or any other party marketing any goods or services to the Borrower.
You will also receive the NVR Mortgage Privacy Notice that provides detailed information about our protection of your information. We do not disclose any non-public information about our customers to any third-party, except as permitted by law.