Protecting Your Personal Information Online When Applying for a Mortgage

Protecting Your Personal Information Online When Applying for a Mortgage

In this day and age, parts of the mortgage process have evolved to include virtual components. It is essential that you take steps to safeguard your personal information and data online. Here are some tips to keep in mind:

Apply with a Reputable Lender

It’s important that you choose a trusted lender to handle your mortgage needs. Be sure to do your due diligence when picking a lender and certainly before sending them any information. There are scammers out there who create fake mortgage websites with the goal of collecting your personal information. Check your lender’s NMLS number to ensure it is valid and correct and look for reviews online or referrals from people you know.

Use Secured Networks

You want to use a secured network for all your online dealings but especially when submitting personal information. Avoid using public networks. Make sure you’re on a password protected network that you trust so hackers can’t get in and steal your data.

Be Cautious Responding to Emails

Even if an email appears to be from your bank or loan officer, if it seems suspicious, don’t answer it. Beware of phishing scams that imitate legitimate email addresses with the purpose of gathering your personal information to use and exploit. If you’re unsure an email is on the up and up, reach out to your loan officer to confirm the email is actually from them before you click any links or submit any information. When possible, you should avoid sending sensitive information or documents over email, and instead opt to deliver this information in person or through a secure online portal.

Use Strong Passwords

When creating any online account, you want to make sure you have a strong password. This is especially the case when it comes to accounts associated with your mortgage. Seek to not only meet password length and complexity requirements but exceed them; the stronger the password, the better. Avoid using the same password across platforms. Enabling two-factor authentication when possible is also a good idea as it adds an additional layer of security when signing into accounts.

Trust Your Instincts

If something seems fishy to you, contact your loan officer directly to ensure everything is legitimate and you’re safe to act. It is much better to be safe than sorry when it comes to the security of your personal information and data. When in doubt, give your loan officer a call.

If you’re interested in starting the home loan process, contact one of our Loan Officers today to learn more!

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