Privacy Statement

 Mortgage Architects Inc. (“MA”, “we”, “us” and “our”), in accordance with our privacy policy and our obligations at law, may collect, receive, retain, use and disclose personal information about you, our client, for the purposes of: verification; assessing credit-worthiness; establishing credit limits; maintaining client relationships; presenting your mortgage application to various lenders and insurers and providing information to you about other products and services that may be of interest to you. We may also disclose your personal information to (i) any potential purchaser of our business and their advisors, (ii) any third party service providers to whom we may outsource our business functions and (iii) any parties involved in the securitization, assignment or pledge of a loan or mortgage that are obtained through us.

By signing this form, you are providing your acknowledgement and express consent to MA and our mortgage broker or agent:

To collect, use, retain and disclose your personal information for seven (7) years following the later of a) the date of your latest application with us, or b) the date on which your loans or mortgages we have arranged for you have expired or been terminated;

1. to inquire about and receive your personal information from: consumer reporting agencies, credit bureaus, real estate appraisers, your bank(s) or other financial institutions with whom you deal, your past mortgage brokers, your present and past employers and other third parties who may have information about your financial status;
2. that the approval or granting of any mortgage by a lender to you, as arranged by MA, is not to be construed or relied on by you as representing the value or condition of any underlying security or representing that you have the ability to repay the arranged mortgage debt;
3. to receive commercial electronic messages and other forms of business information, communications and marketing regarding products and services that may be of interest to you;
4. that MA and our mortgage broker or agent may receive fees or incentives from a lender for arranging a mortgage or loan for you. Fees and incentives include but are not limited to money, points or goods and services. Fees and incentives may vary between lenders for similar products and may also be dependent on the amounts and types of mortgage products originated.
5. that our mortgage broker or agent have not provided you with any investment advice or services and has advised you of the need for independent financial and tax planning advice from a qualified professional.

MORTGAGE BORROWER RELATIONSHIP DISCLOSURE DOCUMENT

 The following form was developed by the Real Estate Council of Alberta to assist borrowers in understanding their relationship with mortgage brokerages. For a variety of reasons, a mortgage professional may not always be able to obtain the

lowest rate or best terms in the marketplace for a particular borrower. The terms of the purchase contract, type of property, property value, borrower’s employment status, borrower’s financial position and credit history are examples of some factors that may affect rates and terms.

MORTGAGE BROKERAGE’S ROLE

 The mortgage brokerage and its representative’s role and obligations to the borrower and the lender will vary depending on the nature of the service relationship between the mortgage brokerage and the lender or borrower. This is not intended to be an all inclusive list but in general terms the following document describes the mortgage brokerage’s role and resulting obligations to you. You are encouraged to discuss this document with your mortgage brokerage representative and ask any questions you may have. In general terms a MORTGAGE BROKER can be described as the matchmaker between a borrower and a lender with the goal of originating a mortgage loan. Typically, a mortgage broker draws from a pool of various lenders to find the right match; however, some mortgage brokers only do business with one lender.

NATURE OF RELATIONSHIP

The brokerage and I will act as an INTERMEDIARY between the borrower and lender(s) who have authorized us to offer their mortgage products to borrowers. In this service relationship, we are authorized to offer the mortgage products of one or more lenders to borrowers who are seeking a mortgage. Our duties to you, the borrower, include the following: be honest; exercise reasonable care and skill; gather your intended property and financial information to determine the lending options available to you; disclose and explain appropriate options for your consideration, complete and submit documentation to the lender; and keep you informed of the progress of your application. Our duties to the lender are: be honest; exercise reasonable care and skill; complete and submit documentation to the lender; disclose what steps were taken to verify information and documentation as part of the application process; and keep the lender informed of the progress of the application.