Fair and Responsible Lending
Highland HomeLoans' Commitment to Fair and Responsible Lending
Highland HomeLoans will comply with all fair-lending laws and regulations, and with reasonable assurance prevent discriminatory practices against any person on any prohibited basis related to a credit transaction.The board of directors, senior management and all personnel are committed to the spirit, intent, and practices of fair-lending laws and regulations.
We've built a comprehensive fair lending program that continues to evolve with market conditions and regulatory changes.
- We are committed to ensuring our lending and pricing policies are fair and responsible.
- We offer a variety of home loan programs so that homebuyers of all economic levels can find a program that fits their financial position.
- Our employees are active within their communities and understand the needs of the communities they serve.
- Highland HomeLoans is committed to providing quality and efficient service to our consumers at all times. We strive to resolve any consumer grievances fairly. Please contact us to voice any concerns you may have.
We support federal laws that help protect consumers.
The practice of “fair lending” is built through multiple federal and state laws working together to ensure consumers are treated consistently and fairly. These laws also require us to provide information to consumers in a clear and conspicuous manner. The Home Mortgage Disclosure Act (HMDA), for example, is a disclosure law that requires mortgage lenders to provide the public with loan data. This data can help determine if lenders such as Highland HomeLoans are serving the housing needs of their communities and it can help identify possible discriminatory lending patterns.
Access the list of registered Highland HomeLoans loan originators and learn how the SAFE Act helps consumers know more about their loan originator.
Another important consumer protection law is the SAFE Act. The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) is a federal law designed to improve protection for consumers and reduce fraud in mortgage lending. Under this law, individual mortgage loan originators (MLOs) must register in the Nationwide Mortgage Licensing System and Registry (NMLS). You may visit www.nmlsconsumeraccess.org to confirm any financial services company or professional you may wish to conduct business with to ensure they are authorized to conduct business in the state you are financing a property within.