- To provide home loans requested by you.
- To identify/confirm your identity.
- To communicate with you.
- To evaluate your creditworthiness, credit standing, credit capacity, and credit history.
- To process and underwrite your loan application.
- To fund and close a home loan for you.
- To obtain governmental guaranties and mortgage insurance.
- To obtain private mortgage insurance.
- To make available and to obtain loan pricing and interest rates.
- To sell, transfer, and assign your home loan after it closes.
- To service your home loan after it closes.
- To collect delinquent payments and to foreclose, if necessary.
- To engage in marketing and advertising campaigns and outreach.
- To detect security incidents.
- To protect against malicious, deceptive, fraudulent, and illegal activity.
- To debug in order to identify and repair errors that impair system functionality.
- To make reports and issue statements for federal, state, and local tax purposes.
- To maintain and retain records consistent with GEM’s record-keeping obligations.
- To ensure legal, regulatory, and administrative compliance.
- To initiate and defend against legal, regulatory, and administrative claims and related matters.
- To comply with private investor, Fannie Mae, Freddie Mac, HUD, VA, and RDS requirements.
- To comply with applicable federal, state, and local laws, regulations, and requirements.
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- Accountants/bookkeepers/financial advisors
- Appraisers
- Builders
- Company websites
- Consumers (applicants and prospective applicants)
- Credit reporting companies
- Creditors
- Employment references
- Escrow companies/agents
- Existing and past employers
- Federal and state tax authorities/agencies
- Federal, state, and bankruptcy court dockets
- Financial institutions (banks, credit unions, etc.)
- Financial service companies/investment advisors
- Governmental agencies
- Internet
- Joint/Co-applicants; family members
- Landlords/tenants
- Lead Generators
- Marketers
- Mobile and other apps
- NMLS
- Notaries
- Real estate brokers and agents
- Social media
- Title Companies
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- Joint/Co-Applicants and Borrowers
- Existing/past employers (VOEs)
- Financial institutions (banks, credit unions, etc.) [VODs]
- Landlords/tenants (VORs)
- Credit reporting agencies
- Wholesale lenders/brokers
- Secondary Market Investors
- Loan Securitizers
- Loan Servicers/Subservicers
- Hedging service providers/vendors
- Loan pricing engines/providers/vendors
- Federal and state taxing authorities/agencies
- Escrow companies/settlement agents
- Title Companies
- Notaries Public
- Public and private mortgage insurers/guarantors
- Appraisers
- Real Estate Brokers and Salespersons
- Builders
- Government sponsored enterprises (Fannie Mae, Freddie Mac)
- Federal, state, and local governmental and quasi-governmental agencies, including the Federal Housing Administration, the Veterans Administration, the Rural Housing Service, and State and local Housing Finance Agencies.
- Federal and state licensing and regulatory agencies, examiners, and auditors.
- Accountants and financial advisors
- Attorneys/law firms
- Third party litigants (subpoenas)
- Quality Control auditors/vendors
- Data validation and fraud detection vendors/service providers
- Compliance vendors/service providers
- Marketing vendors/advertisers
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