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Fair Lending With Onyx Group Mortgage

Equal Access to Housing for Everyone

Many states have enacted additional laws to expand protections, provide more specific guidelines, or increase enforcement around fair housing and credit access.

Ameritrust Mortgage Corporation Compliance Statement

Fair Lending Policy

Effective Date: 01 October 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.

      Prohibited Bases of Discrimination

      Ameritrust will not discriminate against any applicant or borrower on the basis of:

      • Race
      • Color
      • Religion
      • National origin
      • Sex
      • Marital status
      • Age (provided the applicant has the capacity to enter into a binding contract)
      • Receipt of income from a public assistance program
      • The good faith exercise of any right under the Consumer Credit Protection Act

        Fair Lending Practices

        • Objective Criteria:

          All loan applications will be evaluated based on objective criteria related to creditworthiness, including income, assets, debt obligations, and credit history.
        • Consistent Underwriting:

          Ameritrust will apply consistent underwriting standards and criteria to all applicants, regardless of any prohibited basis.
        • Pricing and Terms:

          Loan pricing and terms will be determined based on objective risk factors and will not vary based on any prohibited basis.
        • Marketing and Outreach:

          Marketing and outreach efforts will be conducted in a manner that is inclusive and does not discourage or exclude any group of potential borrowers.
        • Employee Training:

          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.
        • Monitoring and Reporting:

          Ameritrust will monitor its lending activities to identify and address any potential disparities or discriminatory practices.

          Complaint Resolution

          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.

              Consequences of Non-Compliance

              Any employee found to have engaged in discriminatory lending practices will be subject to disciplinary action, up to and including termination of employment.

                  Commitment to Fair Lending

                  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.

                      Disclaimer

                      Onyx Group Mortgage is the Luxury Division of Ameritrust Mortgage Corporation, NMLS #217229 located at 17341 Irvine Blvd., Suite 285, Tustin, CA 92780. Ameritrust Mortgage Corporation does not provide legal, tax, or financial advice or guidance and is not associated with any government agency. This is not an offer for extension of credit nor a commitment to lend. Programs, rates, terms and conditions subject to change without notice. Certain restrictions may apply. All approvals are subject to underwriting guidelines and minimum credit requirements. Not all loans or products are available in all states. As a result of refinancing, your total finance charges may be higher over the life of the loan. Minimum and maximum loan amounts apply. For current licensure information, please visit: www.nmlsconsumeraccess.org.

                          By adhering to this policy, Ameritrust Mortgage Corporation can demonstrate its commitment to fair and transparent advertising and marketing practices, build trust with its customers, and maintain compliance with all applicable laws and regulations. Ameritrust Mortgage Corporation

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                          NMLS# 397532

                          (949) 396-1204

                          17341 Irvine Blvd, Tustin, CA 92780

                          hello@onyxgroupmortgage.com

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                          Legal Disclaimer

                          Onyx Group Mortgage is a division of Ameritrust Mortgage Corporation, NMLS #217229 located at 17341 Irvine Blvd., Suite 285, Tustin, CA 92780. Ameritrust Mortgage Corporation does not provide legal, tax, or financial advice or guidance and is not associated with any government agency. This is not an offer for an extension of credit nor a commitment to lend. Programs, rates, terms, and conditions are subject to change without notice. Certain restrictions may apply. All approvals are subject to underwriting guidelines and minimum credit requirements. Not all loans or products are available in all states. For current licensure information, please visit: www.nmlsconsumeraccess.org.

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