Disclosures
In accordance with state and federal regulations,
the following disclosure and licensing information is available
for you to review online:
Home Mortgage Disclosure Act
Equal Housing Opportunity Lender
The Housing Financial Discrimination Act of 1977 California
Fair Lending Notice
Equal Credit Opportunity Act Fair Lending Notice
State Licenses
Special Notices
Home Mortgage Disclosure Act (HMDA)
The HMDA data about our residential mortgage
lending are available for review. The data show geographic
distribution of loans and applications; income of applicants
and borrowers; and information about loan approvals and
denials. Inquire at 1761 E. Garry Ave., 2nd Floor, Santa
Ana, Ca 92705
regarding the location where HMDA data may be inspected.
To receive a copy
of the data, send a written request to:
WJ Capital Corporation
Fair Lending Department
1761 East Garry Ave. 2nd Floor
Santa Ana, Ca 92705
Equal Housing Opportunity Lender
We conduct business in accordance with
the Federal Fair Housing Law (Fair Housing Amendments Act
of 1988). It is illegal to discriminate against any person
because of race, color, religion, sex, handicap, familial
status, or national origin.
In the sale or rental of housing
In advertising the sale or rental of housing
In the financing of housing
In the provision of Real Estate brokerage service
In the appraisal of housing
Blockbusting is also illegal
Anyone who feels he or she has been discriminated
against may file a complaint of housing discrimination:
1-800-669-9777 (toll free), or 1-800-927-9275 (tdd). U.S.
Department of Housing and Urban Development Assistant Secretary
for Fair Housing and Equal Opportunity, Washington DC 20410.
The Housing Financial Discrimination Act of 1977
California Fair Lending Notice It is illegal
to discriminate in the provision of or in the availability
of financial assistance because of the consideration of:
Trends, characteristics, or conditions in the neighborhood
or geographic area surrounding a housing accommodation,
unless the financial institution can demonstrate in the
particular case that such consideration is required to avoid
an unsafe and unsound business practice
Race, color, religion, sex, marital status, national origin,
or ancestry
It is illegal to consider the racial,
ethnic, religious, or national origin
composition of a neighborhood or geographic area surrounding
a housing
accommodation, or whether or not such composition is undergoing
change, or
is expected to undergo change, in appraising a housing accommodation
or in
determining whether or not, and under what terms and conditions,
to provide
financial assistance.
These provisions govern financial assistance
for the purpose of the
purchase, construction, rehabilitation, or refinancing of
one to four unit
family residences occupied by the owner and for the purpose
of the home
improvement of any one to four unit family residence.
If you have any questions about your rights,
or if you wish to file a
complaint, contact the management of this financial institution
or:
Department of Corporations
320 West 4th Street
Suite 750
Los Angeles, CA 90013-1105
WJ Capital Corporation analyzes its new
loan applications
utilizing a sophisticated automated underwriting system
that relies upon
artificial intelligence to approve its mortgage loan applications.
More specifically, WJ Capital Corporation
presently uses an automated underwriting system.
The automated underwriting system analyzes a mortgage loan
application¹s particular risk
characteristics relating to credit reputation, collateral,
and repayment
capacity and then quantifies that application¹s risk.
The
system then issues a loan decision for each application
analyzed based on
the past performance of loans with a similar combination
of risk
characteristics noted above.
In cases where automated underwriting
is unable to approve an application, the
application is traditionally underwritten by a human underwriter
who
manually assesses an application¹s credit reputation,
collateral, and
repayment capacity using traditional Fannie Mae and Freddie
Mac underwriting
criteria as a guide.
You have the right to make a loan inquiry
and to file a written application for a mortgage loan or
home improvement loan and to receive a written response
to the application.
Equal Credit Opportunity Act Fair Lending Notice
The Federal Equal Credit Opportunity Act
prohibits creditors from discriminating against credit applicants
on the basis of race, color, religion, national origin,
sex, marital status, age (provided that the applicant has
the capacity to enter into a binding contract); because
all or part of the applicant's income derives from any public
assistance program; or because the applicant has in good
faith exercised any right under the Consumer Credit Protection
Act. The federal agency that administers compliance with
this law concerning the creditor is:
Mortgage Companies
Federal Trade Commission
Equal Credit Opportunity
Room 4037
Washington DC 20580
Licenses
Applicable state disclosure regulations
require the following licenses to be
explicitly disclosed:
California Department of Real Estate Broker license number:01255388
Licensed by the Nevada state Department of Finance
Licensed by the Colorado Department of Finance and Real
Estate
Licensed by the State of Florida Department of Financial
Institutions
WJ Capital Corporation
1761 East Garry Avenue Second Floor
Santa Ana, California 92705
Equal Housing Opportunity Lender
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