Lumin Lending is committed to safeguarding the privacy and security of personal information.
This Privacy Policy outlines the collection, use, sharing, and protection of data in connection with our mortgage brokerage services and website.
1. What information is collected?
The following categories of personal information are collected as required for mortgage brokerage services:
- Personal Identification: Full name, residential address, Social Security number, date of birth, and contact details.
- Financial Information: Income, assets, liabilities, credit history, and related financial data.
- Employment Information: Employment history and verification details.
- Property Information: Data pertaining to the property being financed.
- Additional Information: Information obtained from third parties, including credit bureaus and employers, to validate provided data.
2. What is the purpose of collecting this information?
Personal information is utilized for the following purposes:
- Evaluation and processing of mortgage applications.
- Communication regarding applications and services.
- Compliance with legal and regulatory obligations.
- Improvement of services and operational efficiency.
- Delivery of marketing communications, subject to consent, with an option to unsubscribe.
3. With whom is this information shared?
Personal information may be disclosed to the following entities as necessary:
- Lenders and Financial Institutions: For the assessment and approval of mortgage applications.
- Service Providers: Including credit reporting agencies, appraisers, and title companies assisting in application processing.
- Regulatory Authorities: To fulfill legal requirements or respond to lawful requests.
- Other Parties: Solely with explicit consent or to protect legal rights.
Personal information is not sold to third parties, and SMS opt-in data is not shared.
4. How is this information protected?
Comprehensive security measures are employed to safeguard personal information, including:
- Encryption of sensitive data during transmission and storage.
- Secure servers and data storage systems with restricted access.
- Authentication protocols limiting access to authorized personnel.
5. What control is available over this information?
Individuals have the following rights concerning their personal information:
- Access: Ability to request the personal information held.
- Correction: Option to amend inaccurate information.
- Deletion: Right to request data deletion, subject to legal retention obligations.
- Opt-Out: Choice to decline marketing communications or third-party sharing for marketing purposes.
6. What is the policy regarding cookies?
Cookies and similar technologies are utilized on the website to:
- Optimize browsing functionality.
- Assess website performance and usage.
- Refine service offerings.
Browser settings may be adjusted to manage or disable cookies, though this may impact website functionality.
7. Is information collected from minors?
Information is not collected from individuals under 18 years of age. Services are exclusively for adults. Any inadvertently collected minor data is promptly deleted upon discovery.
8. Will this policy be updated?
This Privacy Policy may be revised periodically to reflect changes in practices, legal requirements, or operations. Updates will be published on the website with a revised effective date.
9. How can contact be made?
For inquiries, concerns, or to exercise rights under this policy, contact:
Lumin Lending
6789 Quail Hill Parkway #227
Irvine, CA 92603
Phone: 858-504-5992
Email: info@luminlending.com
10. Are there specific provisions for California residents?
California residents have additional rights under the California Consumer Privacy Act (CCPA), including:
- Right to know the personal information collected, used, disclosed, or sold.
- Right to request deletion of personal information.
- Right to opt-out of the sale of personal information (not applicable as no sales occur).
- Right to non-discrimination for exercising CCPA rights.
Contact information for exercising these rights is provided above.