Privacy and Safeguard Policy and Procedures

Description

The Privacy and Safeguard Policy and Procedures identifies the federal laws that protect consumer’s privacy and describes the steps a mortgage company must take to ensure that protection is maintained.

The policy defines the difference between public and nonpublic information and provides guidance on how to safeguard consumer data across all areas of business operations. It also outlines best practices for protecting sensitive information during employee onboarding and offboarding processes.

Additionally, the policy includes protocols for incident response planning and security breach reporting to ensure swift and appropriate action in the event of a data breach.