Your data privacy is our priority.
The Arvest Mortgage Privacy Policy outlines our commitment to safeguarding your personal and financial data. It details the types of information we collect, how it's used, and when it might be shared, ensuring transparency about our practices.
At Arvest Mortgage, safeguarding your personal and financial information is a core principle of our operations. This Privacy Policy explains our practices regarding the collection, use, and protection of your data when you interact with our services. We understand the importance of trust, especially when dealing with sensitive financial matters like obtaining a mortgage.
We are dedicated to maintaining the confidentiality and security of the information you provide to us. This policy serves as a transparent guide to help you understand how your data is handled throughout your engagement with Arvest Mortgage. Our commitment extends to adhering to applicable privacy laws and regulations, ensuring your peace of mind.
Arvest Mortgage collects various types of information to provide you with mortgage services, process applications, and meet regulatory requirements. This includes personally identifiable information such as your name, address, Social Security number, income details, and credit history. We primarily collect this data directly from you through application forms, interviews, and online portals.
We also collect information from third parties, such as credit bureaus (e.g., Consumer Financial Protection Bureau) and public records, to verify your identity and assess your creditworthiness. This information is used for specific purposes, including:
The information gathered allows us to accurately evaluate your mortgage needs and offer suitable products while ensuring the security and integrity of our services.
Arvest Mortgage understands that sharing your personal information requires careful consideration. We do not sell your personal information to third parties. We may share your data with affiliates and non-affiliated third parties only when necessary to provide the services you request, complete transactions, or as required by law. This can include sharing with title companies, appraisers, and credit reporting agencies involved in your mortgage process.
We also share information with service providers who assist us in our operations, such as data processors and IT support, under strict confidentiality agreements. You have choices regarding how your information is shared. For instance, you can opt out of certain information sharing with non-affiliated third parties for marketing purposes, where permitted by law. We respect your preferences and provide clear mechanisms for exercising these choices, aligning with federal regulations like the Gramm-Leach-Bliley Act (FTC).
| Information Type | Purpose of Collection | Sharing Practices | Your Control Options |
|---|---|---|---|
| Personal Identifiable (e.g., Name, SSN) | Mortgage application processing, identity verification | Shared with necessary third parties (e.g., credit bureaus, title companies) | Opt-out of certain marketing sharing |
| Financial Data (e.g., Income, Credit Score) | Assessing creditworthiness, loan qualification | Shared with underwriting and regulatory bodies | Review and dispute inaccuracies |
| Transaction Data (e.g., Payment History) | Account management, fraud prevention | Shared with payment processors, auditors | Access your account statements |
Arvest Mortgage collects personally identifiable information such as your name, address, Social Security number, income details, and credit history directly from you through applications and interviews, and from third parties like credit bureaus for verification and processing your mortgage application.
Arvest Mortgage uses the collected information primarily to process your mortgage application, verify your identity, assess your eligibility for financial products, comply with legal obligations, and prevent fraud. This ensures we can provide you with appropriate mortgage services securely.
Arvest Mortgage does not sell your personal information. We may share it with affiliates and non-affiliated third parties, like title companies and appraisers, only when necessary to provide the services you requested or as required by law, all under strict confidentiality.
Yes, you have choices regarding information sharing. For example, you can opt out of certain information sharing with non-affiliated third parties for marketing purposes, where permitted by law. Arvest Mortgage provides clear mechanisms for you to exercise these preferences.
Arvest Mortgage is committed to safeguarding your personal and financial information through adherence to applicable privacy laws and regulations. We employ security measures and maintain confidentiality practices to protect your data throughout your engagement with our services.
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