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Protect Your Mortgage Application from Identity Thieves

Homeownership | April 7, 2014

Identity Theft

Here's how to keep your mortgage application information safe from prying eyes.  A gold mine for identity thieves, your mortgage application contains sensitive information about your bank accounts, employer, income, credit card accounts and your social security number.

Never fill out a mortgage application in a coffee shop, diner, restaurant, mall food court or even a work cubicle. (We've seen brokers and clients meet in such places to prepare sensitive paperwork.)  Identity thieves armed only with smartphone cameras can quietly capture data from such documents without your knowledge. The best way to keep this information out of the wrong hands is to fill out the application in your own home or a secure office.

Here's another tip: thoroughly shred any "practice" applications where sensitive information was penciled in.


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