Equal Housing Opportunity Lender

We Do Business in Accordance with the Federal Fair Housing Law and the Fair Housing Amendments Act of 1988.

It is Illegal to Discriminate Against Any Person Because of Race, Color, Religion, Sex, Handicap, Familial Status, or National Origin

• In the sale or rental of housing or residential lots
• In advertising the sale or rental of housing
• In the financing of housing
• In the provision of real estate brokerage services
• In the appraisal of housing
• Blockbusting is also illegal

Anyone who feels he or she has been discriminated against may file a complaint of housing discrimination:

1-800-669-9777 (Toll-Free)
1-800-927-9275 (tdd)
 

U.S. Department of Housing and Urban Development
Assistant Secretary for Fair Housing and Equal Opportunity
Washington, D.C. 20410 The Housing Financial Discrimination Act of 1977, California Fair Lending Notice

It is illegal to discriminate in the provision of or in the availability of financial assistance because of the consideration of:

Trends, characteristics, or conditions in the neighborhood or geographic area surrounding a housing accommodation, unless the financial institution can demonstrate in the particular case that such consideration is required to avoid an unsafe and unsound business practice.

Race, color, religion, sex, marital status, national origin, or ancestry.

It is illegal to consider the racial, ethnic, religious, or national origin composition of a neighborhood or geographic area surrounding a housing accommodation, or whether or not such composition is undergoing change, or is expected to undergo change, in appraising a housing accommodation or in determining whether or not, and under what terms and conditions, to provide financial assistance. These provisions govern financial assistance for the purpose of the purchase, construction, rehabilitation, or refinancing of one- to four-unit family residences occupied by the owner and for the purpose of the home improvement of any one to four-unit family residence.

If you have any questions about your rights, or if you wish to file a complaint, contact the management of this financial institution or:

Department of Corporations
320 West 4th Street
Suite 750
Los Angeles, CA 90013-1105 

Equal Credit Opportunity Act Fair Lending Notice

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided that the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning the creditor is:

Federal Trade Commission
Equal Credit Opportunity
Room 4037
Washington DC 20580

Zero Loan Fraud Policy

All employees and salespersons of Global Mortgage VLC, Inc. must be aware that the loan officer/employee may bear the responsibility for any and all instances of fraud in loan origination/closing.  Global Mortgage VLC, Inc. is responsible for the content and quality of each application taken and each loan submitted to our lenders.

The submission of a loan application containing false information is a crime!  Evidence of loan fraud of any type will result in the immediate termination, for cause, of any Global Mortgage VLC, Inc. employee or salesperson.

TYPES OF LOAN FRAUD

1.     Submission of inaccurate information, including false statements on a loan application and falsification of documents purporting to substantiate credit, employment, deposit and asset information, personal information including identity, ownership/non-ownership of real property, etc.

2.     Forgery of partially or predominantly accurate information, including forged signatures on any document in the loan file.

3.     Incorrect statements regarding current occupancy or intent to maintain minimum continuing occupancy as stated in the security instrument.

4.     Lack of due diligence by broker/loan officer/interviewer/processor, including failure to obtain all information required by the application and failure to request further information as dictated by Borrower’s response to other questions.

5.     Unquestioned acceptance of information or documentation which is known, should be known, or should be suspected to be inaccurate.

6.     Simultaneous or consecutive processing of multiple owner-occupied loans from one applicant on multiple properties, or from one applicant supplying different information on each application.

7.     Allowing an applicant or interested third-party to “assist” with the processing of the loan.

8.     Nondisclosure of relevant information to anyone involved in the loan process (i.e. lender, title company, etc.).

CONSEQUENCES

The effect of loan fraud is costly to all parties involved.  Veridian Financial stands behind the quality of its loan production.  Fraudulent loans damage our reputation with our lenders.  The price paid by those who participate in loan fraud is even more costly.  Following are a few of the potential consequences that may be incurred:

CONSEQUENCES TO SALESPERSON/EMPLOYEE

1.     Criminal prosecution.

2.     Loss of Real Estate license.

3.     Loss of lender access due to exchange of information between lenders, and submission of information to investors (including FHLMC/FNMA), police agencies, and the Department of Real Estate.

4.     Civil action by our lender.

5.     Civil action by applicant/borrower or other parties to the transaction.

6.     Loss of approval status with our lenders.

CONSEQUENCES TO BORROWER

1.     Acceleration of debt.  (FNMA/FHLMC Deed of Trust, revised 9/90, item #6 states: “Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information of statements to lender (or failed to provide lender with any material information) in connection with the loan evidenced by the note, including, but not limited to, representations concerning Borrower’s occupancy of the property as a principal residence.”  NOTE: Foreclosure under this section of the Deed of  Trust does not require the Borrower to be in “payment default.”  As such, the Borrower will not have the benefit of reinstatement.  In order to cure the default, the Borrower must pay-off the loan in full prior to the sale date of the property.)

2.     Criminal prosecution.

3.     Civil action by lender.

4.     Civil action by other parties to the transaction.

5.     Employment termination.

6.     Loss of professional license, if any.

7.     Adverse effect on credit history.

Disclaimer

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OBTAINING A MORTGAGE LOAN
To help us prevent fraud and to assist the government in fighting the funding of terrorism and money laundering activities, we are obtaining, verifying, and recording information that identifies each person who obtains a mortgage loan with us. What this means for you: When you obtain a mortgage loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

We will use good faith efforts to ensure the accuracy of the information provided in order to familiarize users with home financing and to identify known alternatives. However, the information, products and services published on this Web site may include inaccuracies or typographical errors. Changes are periodically added to the information published at this site. Veridian Financial may make improvements or changes in this Web site at any time without notice. We reserves the right to deny access to the Web site to anyone at anytime.

In no event will Veridian Financial, its partners, officers, employees, contractors, referral sources and related persons, or other persons be liable to the user of this website or anyone else for any consequential, incidental, special, or indirect damages (including, but not limited to, lost profits, investment losses and damages that may result from the use of this website or for omissions or inaccuracies in this website) even if advised of the possibility of such damages and, as a condition to using this website, the user expressly waives any claim the user may have against Global Mortgage VLC, Inc. or any other person with respect to this website. There is no warranty of merchantability, no warranty of fitness for a particular use, and no warranty of non-infringement. There is no warranty of any kind, express or implied, regarding this website or the information contained herein.

Unauthorized use Veridian Financial websites and systems including but not limited to unauthorized entry into Veridian Financial systems, misuse of passwords, or misuse of any information posted to a site, is strictly prohibited.