Ameritrust Mortgage Corporation
Fair Lending Policy
Effective Date: 25th September, 2024
Purpose
This policy outlines Ameritrust Mortgage Corporation's ("Ameritrust") commitment to fair lending practices and its dedication to ensuring that all applicants and borrowers are treated fairly and equally, without regard to any prohibited basis of discrimination. Ameritrust adheres to all applicable federal and state fair lending laws, including but not limited to the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act.
Ameritrust will not discriminate against any applicant or borrower on the basis of:
All loan applications will be evaluated based on objective criteria related to creditworthiness, including income, assets, debt obligations, and credit history.
Ameritrust will apply consistent underwriting standards and criteria to all applicants, regardless of any prohibited basis.
Loan pricing and terms will be determined based on objective risk factors and will not vary based on any prohibited basis.
Marketing and outreach efforts will be conducted in a manner that is inclusive and does not discourage or exclude any group of potential borrowers.
All employees involved in the loan origination and underwriting process will receive regular training on fair lending laws and Ameritrust's fair lending policies and procedures.
Ameritrust will monitor its lending activities to identify and address any potential disparities or discriminatory practices.
Ameritrust has a dedicated process in place for addressing any complaints or concerns regarding potential discrimination or unfair lending practices. Any individual who believes they have been discriminated against may file a complaint with Ameritrust's Compliance Department or with the appropriate regulatory agencies.
Any employee found to have engaged in discriminatory lending practices will be subject to disciplinary action, up to and including termination of employment.
Ameritrust is committed to fostering a culture of fair lending and ensuring that all individuals have equal access to credit opportunities. We will continuously review and update our policies and procedures to promote fair and equitable lending practices.
This Fair Lending Policy is intended to provide general information about Ameritrust Mortgage Corporation's commitment to fair lending. It is not a substitute for legal advice, and you should consult with a qualified attorney if you have any specific legal questions or concerns.
Ameritrust Mortgage Corporation
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