Fair Lending

Lenders Nationwide is committed to providing high-quality mortgage services to all customers with a special emphasis on fair lending. It is Lenders Nationwide’s policy to treat all of its applicants and customers fairly and in accordance with federal fair lending and equal credit opportunity laws throughout the loan process.

Lenders Nationwide has adopted this Fair Lending Policy in order to establish specific guidelines and procedures, which are designed to prevent discriminatory and predatory lending practices. No officer or employee of Lenders Nationwide shall:

    In the case of applications for credit, discriminate based upon the race, religion, national origin, age, sex, familial or martial status or disability of such applicant or applicants, in the granting, withholding, extending or renewing, or in the fixing of the rates, terms or conditions of, any such credit.

    Discriminate based upon the race, religion, national origin, age, sex, familial or martial status, or disability of such applicant or applicants, in the granting, withholding, extending or renewing, or in the fixing of the rates terms or conditions of, any such credit.

    Use of any form of application for credit or use or make any record or inquiry which expresses, directly or indirectly, any limitations, specifications, or discrimination as to race, creed, color, national origin, age, sex, familial or martial status or disability.

    Make any inquiry of an applicant concerning his or her capacity to reproduce or his or her use or advocacy of any form of birth control or family planning.

    Refuse to consider sources of an applicant’s income or subject an applicant’s income to discounting, in whole or in part, because of an applicant’s race, creed, color, national origin, age, sex, martial status, childbearing potential or disability.

Lenders Nationwide shall make credit decisions based upon factually supportable, objective differences in applicants’ overall creditworthiness, which may include reference to such factors as current income assets and prior credit history of such applicants, as well as any other relevant factually supportable data.

Any applicant who is rejected will receive from Lenders Nationwide a written statement of the specific reason for rejection of the applicant’s application for credit. Lenders Nationwide shall use its best efforts to ensure that all phases of the credit process are fair and nondiscriminatory. Lenders Nationwide and its employees shall comply with all applicable federal fair lending and equal credit opportunity laws and regulations. Lenders Nationwide is committed to conducting its business affairs in a fair, professional, legal and ethical manner.

Lenders Nationwide employees will:

    Conduct business in a manner that reflects the highest professionalism, integrity, competence, courtesy and diligence and that is fair and fosters public trust and confidence.

    Make credit available to prospective borrowers without regard to race, gender, familial or martial status, religion, age or national origin; and to act in compliance with all current applicable laws and regulations; and to respect and protect the borrower’s confidentiality and privacy rights.

    Refrain from engaging in any intentionally deceptive or misleading business practices; to provide to borrowers and prospective borrowers clear, accurate and timely disclosures of the terms, costs and contractual obligations of credit transactions; and to promptly process loan applications, advise borrowers of their decisions and to complete credit transactions.

    Evaluate the borrower’s ability to repay the credit obligation when deciding whether or not to extend credit and not to engage in the business of making loans for the sole purpose of acquiring the property offered as security for the proposed loan.

    Lenders Nationwide will; use its best efforts to inform and educate borrowers and prospective borrowers about the lending process, especially the obligations, potential risks and other factors they should consider when determining whether to obtain additional credit.

    Lenders Nationwide will; use its best efforts to encourage borrowers or potential borrowers to use credit responsibly and to seek advice from independent financial advisors, including, when appropriate, those who focus on helping senior citizens and other potentially vulnerable individuals; regarding the advisability of obtaining a home equity loan before securing such a loan.

Lenders Nationwide is committed to maintaining truthfulness and accuracy in advertising their products and services.