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Dragas Mortgage Privacy Policy

Dragas Mortgage Co. is dedicated to protecting the privacy of our customers’ information and financial records. We collect, retain and use information about our customers when we reasonably believe that it will help administer our business or provide products, services and other opportunities to them. We collect and retain information about our customers only for specific business purposes, and we will tell our customers why we are collecting and retaining it upon our customers' request unless prohibited by law from doing so. We use information to protect and administer our customer's records, accounts and funds; to comply with certain laws and regulations; to help us design or improve our products and services; and to understand our customers’ financial needs so that we can provide our customers with quality products and superior service

How We Protect the Information We Collect
We take great care to safeguard the information we collect and use about our customers. We permit access to the nonpublic personal information we collect about you to only those employees who need to know that information to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your nonpublic personal information.

Information We Collect
We collect nonpublic personal information about you from the following sources:
  • Information we receive from you on applications or other forms;
  • Information about your transactions with us, our affiliates or others; and
  • Information we receive from a consumer reporting agency.

Affiliates to Whom We Disclose Information
We may disclose nonpublic personal information about you to the following types of our affiliates:

  • Financial service providers, such as mortgage bankers, banks, credit unions, escrow companies and
  • insurance companies; and
  • Non-financial companies, such as real estate companies, consumer reporting agencies, and loan servicing companies.

Information We Disclose
Dragas Mortgage Co. may share information about a customer as permitted by law.
There are situations in the lending process that require the sharing of information but it is done to accommodate individual credit requests with full knowledge and consent of our customers, for example:
  • With companies involved in the loan process such as appraisers or title companies;
  • With service providers that assist us with processes or functions;
  • With investors to whom we sell the loan; and
  • As required to comply with laws regarding government reporting and other regulatory requirements.
We may disclose the following kinds of nonpublic personal information about you to our affiliates:
  • Information we receive from you on applications or other forms, such as your name, address and social security number, and information we may receive from you in connection with credit, investment and insurance products, such as your assets and income;
  • Information about your transactions with us, our affiliates or others, such as the types of accounts you have with us, your account balance, payment history, parties to the transaction and credit card usage; and
  • Information we receive from a consumer reporting agency, such as your creditworthiness and credit history.
We disclose this information to our affiliates for a number of reasons, such as to assist us in administering your accounts or to identify products or services our affiliates may offer that may be of interest to you. Our affiliates observe the same practices we do to protect the privacy of information about you.

Your Rights Concerning Certain Information We Disclose to Our Affiliates
We are permitted by law to share information about our experiences and transactions with you (such as your account balance and your payment history with us) with our affiliates. We may also share “additional information” about you (such as information we receive from you on applications or from credit reporting agencies) with our affiliates. You may direct us not to disclose this additional information to our affiliates (see How To Opt out below). Even if you opt out, we are allowed by law to share our experiences and transactions with you with our affiliates.

How Our Affiliates Use Information to Market to You
Our affiliates may use all of the nonpublic personal information we disclose to them about you to market their products and services to you.

Your Right To Limit Marketing
You may direct us not to allow our affiliates to use your nonpublic personal information to market their products or services (see How To Opt Out below). Your choice to stop marketing from our affiliates will apply until you tell us to change your choice.

How to Opt Out
You may direct us not to disclose additional information about you to our affiliates and not to allow our affiliates to use your nonpublic personal information that we disclose to them to market their products or services to you by filling out a privacy notice, which can be obtained from a branch, and mailing it to us.

Joint Accounts
If you have a joint account, and any joint accountholder directs us not to disclose information and/or not to allow affiliates to use your nonpublic personal information to market, that direction will apply to all joint accountholders.

Certain Nonaffiliated Third Parties to Whom We Disclose Information and the Information We Disclose
We may disclose nonpublic personal information about you to certain nonaffiliated third parties that perform services or functions on our behalf, such as financial data processing companies that process and maintain your account records for us, or to financial institutions with whom we have written agreements to jointly offer, endorse or sponsor a financial product or service, such as securities brokerage or insurance services.
We may disclose the following nonpublic personal information about you to those nonaffiliated third parties mentioned above:
  • Information we receive from you on applications or other forms, such as your name, address and social security number, and information we may receive from you in connection with credit, investment and insurance products, such as your assets and income;
  • Information about your transactions with us, our affiliates or others, such as the types of accounts you have with us, your account balance, payment history, parties to the transaction and credit card usage; and
  • Information we receive from a consumer reporting agency, such as your creditworthiness and credit history.
When we disclose nonpublic personal information about you under these circumstances, we require that the nonaffiliated third party agree not to disclose the information, or to use the information for any other purpose.
Other than as described in this section, we do not disclose any nonpublic personal information about you to any nonaffiliated third parties, except as permitted by law. We do not disclose or sell nonpublic personal information about you to nonaffiliated third parties for the purpose of marketing non-financial products or services.

Terminology
The term "our affiliates" refers to any one or more companies related to Dragas Mortgage Co. by common ownership or control. The terms "we," "our" and "us" refer to each and all of Dragas Mortgage Co. and its affiliates. The terms "you" and "your" refer to individuals who have a relationship with one or more of us. The term "nonpublic personal information" refers to nonpublic information about you that we obtain in connection with providing a financial product or service to you. For example, nonpublic personal information includes information regarding your account balance, payment history and overdraft history. The term "nonaffiliated third parties" refers to companies, other than our affiliates, that we do not own or control.




Dragas Mortgage Company
4532 Bonney Road, Suite A, Virginia Beach, VA 23462
Tel: (757) 499-4303
Fax: (757) 499-5660
Toll Free: (888) 977-6776

© 2015 Dragas Mortgage Co. All rights reserved




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Dragas Mortgage Privacy Policy

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License #MC-385
NMLS # 396369

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