FACTS: WHAT DOES CORNERSTONE MORTGAGE, INC. DO WITH YOUR PERSONAL INFORMATION?
|Why?||Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.|
|What?||The types of personal information we collect and share depend on the product or service you have with us. This information can include:
· Social Security number and Income
· Account Balances and Payment History
· Credit History and Credit Scores
When you are no longer our customer, we continue to share your information as described in this notice.
|How?||All financial companies need to share customer’s personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customer’s personal information; the reasons Cornerstone Mortgage, Inc. chooses to share; and whether you can limit this sharing.|
|Reasons We Can Share Your Personal Information||Does Cornerstone Mortgage, Inc. share?||Can you limit this sharing?|
|For our everyday business purposes-
such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus
|For our marketing purposes-
to offer our products and services to you
|For joint marketing with other financial companies||NO||WE DON’T SHARE|
|For our affiliates’ everyday business purposes information about your transactions and experiences||NO||WE DON’T SHARE|
|For our affiliates’ everyday business purposes information about your creditworthiness||NO||WE DON’T SHARE|
|For nonaffiliates to market to you||NO||WE DON’T SHARE|
|Questions? Call 314-995-9919 or go to www.CornerstoneMortgage.com|
|Who We Are|
|Who is providing this notice?||Cornerstone Mortgage, Inc.|
|What We Do|
|How does Cornerstone Mortgage, Inc. protect my personal information?||To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.|
|How does Cornerstone Mortgage, Inc. collect my personal information>?||We collect your personal information, for example, when you:
· Open an account or deposit money
· Pay your bills of apply for a loan
· Use your credit or debit card
We also collect your personal information from others, such as credit bureaus or other companies.
|Why can’t I limit all sharing?||Federal law gives you the right to limit only:
· Sharing for affiliates’ everyday business purposes – information about your creditworthiness
· Affiliates from using your information to market to you
· Sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
|Affiliates||Companies related by common ownership or control. They can be financial and nonfinancial companies.
· Cornerstone Mortgage, Inc. has no affiliates.
|Nonaffiliates||Companies not related by common ownership or control. They can be financial and nonfinancial companies.
· Your real estate agent.
|Joint Marketing||A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
· Cornerstone Mortgage, Inc. will not share information for joint marketing.
|Other Important Information|
|Cornerstone Mortgage, Inc. does not sell information about you. We have not provided you an opt-out option because we already restrict our information sharing practices to only those allowed by law.
According to principal and agent legal principals, we will share information with your designated agents, including your real estate agent. Please advise us in writing if you do not want information shared with your agents.