Terms of Use
1. Acceptance of Terms
Welcome to Universal Mortgage Lending. By accessing or using our website (https://myuniversalmortgage.com) and services, you agree to comply with and be bound by these Terms of Use. These terms govern your access to and use of our mortgage lending services, online application system, and related features.
2. Mortgage Services
2.1 Loan Application Process
By submitting a mortgage application through our website, you:
- Certify that all information provided is true and accurate
- Authorize us to verify any information provided
- Consent to credit checks and financial verification
- Acknowledge that application submission does not guarantee approval
2.2 Rate Quotes and Estimates
Interest rates and payment estimates provided on our website are:
- Subject to change without notice
- Based on preliminary information
- Not a commitment to lend
- Subject to full application, credit approval, and market conditions
3. Use of the Website
3.1 Eligibility
You must be at least 18 years old and legally able to enter into binding contracts to use our mortgage services. By using our website, you represent that you meet these requirements.
3.2 Account Security
When creating an account for mortgage application purposes, you must:
- Provide accurate and complete information
- Maintain the confidentiality of your login credentials
- Notify us immediately of any unauthorized access
- Update your information promptly if changes occur
4. Compliance and Legal Requirements
4.1 Federal and State Regulations
Our services comply with applicable federal and state mortgage lending laws, including:
- Truth in Lending Act (TILA)
- Real Estate Settlement Procedures Act (RESPA)
- Equal Credit Opportunity Act (ECOA)
- Fair Housing Act
- State-specific mortgage lending regulations
5. Privacy and Information Usage
Your use of our services is subject to our Privacy Policy, available at https://myuniversalmortgage.com/privacy. We handle all personal and financial information in accordance with applicable privacy laws and regulations.
6. Disclaimers and Limitations
6.1 No Guarantee of Approval
Submission of an application does not guarantee loan approval. All loans are subject to:
- Underwriting review and approval
- Property appraisal and title requirements
- Verification of application information
- Meeting all lending criteria
6.2 Limitation of Liability
Universal Mortgage Lending shall not be liable for:
- Delays in loan processing due to incomplete information
- Changes in market conditions affecting rates
- Technical issues affecting online applications
- Third-party services required in the lending process
7. Electronic Communications
By using our services, you consent to receive communications from us electronically, including:
- Loan documents and disclosures
- Status updates and notifications
- Required regulatory notices
- Account information
8. Governing Law
These Terms of Use are governed by Michigan state law and applicable federal laws. Any disputes shall be resolved in the courts of Oakland County, Michigan.
9. Changes to Terms
We reserve the right to modify these terms at any time. Changes will be effective upon posting to our website. Continued use of our services constitutes acceptance of modified terms.
10. Contact Information
For questions about these Terms of Use, please contact:
Universal Mortgage Lending
30400 Telegraph Road, Suite 475
Bingham Farms, MI 48025
Phone: 248-579-4419
Email: info@myuniversalmortgage.com
NMLS ID: 2270578